Skandinaviska Enskilda Banken AB publ Sells 50,532 Shares of Paylocity Holding Corporation $PCTY

Skandinaviska Enskilda Banken AB publ decreased its stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 25.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 146,983 shares of the software maker’s stock after selling 50,532 shares during the period. Skandinaviska Enskilda Banken AB publ owned 0.27% of Paylocity worth $23,396,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Pilgrim Partners Asia Pte Ltd acquired a new stake in Paylocity during the third quarter worth approximately $41,000. SBI Securities Co. Ltd. increased its stake in shares of Paylocity by 47.4% during the second quarter. SBI Securities Co. Ltd. now owns 252 shares of the software maker’s stock worth $46,000 after purchasing an additional 81 shares during the period. True Wealth Design LLC lifted its holdings in Paylocity by 155.4% during the 3rd quarter. True Wealth Design LLC now owns 286 shares of the software maker’s stock worth $46,000 after purchasing an additional 174 shares during the last quarter. SJS Investment Consulting Inc. boosted its stake in Paylocity by 14,800.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 298 shares of the software maker’s stock valued at $47,000 after purchasing an additional 296 shares during the period. Finally, Employees Retirement System of Texas acquired a new position in Paylocity in the 2nd quarter valued at $51,000. Institutional investors and hedge funds own 94.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PCTY shares. Jefferies Financial Group dropped their target price on Paylocity from $180.00 to $150.00 and set a “buy” rating for the company in a report on Friday, February 6th. Wall Street Zen upgraded shares of Paylocity from a “hold” rating to a “buy” rating in a research note on Saturday. Cantor Fitzgerald restated an “overweight” rating on shares of Paylocity in a research report on Thursday, January 29th. Citizens Jmp lowered their target price on shares of Paylocity from $245.00 to $170.00 and set a “market outperform” rating on the stock in a report on Friday, February 6th. Finally, Zacks Research upgraded shares of Paylocity from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Fifteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Paylocity currently has an average rating of “Moderate Buy” and an average target price of $180.05.

Paylocity Stock Performance

Shares of Paylocity stock opened at $107.64 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.07. The company has a market cap of $5.80 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. The company has a 50 day moving average of $139.97 and a 200-day moving average of $152.64. Paylocity Holding Corporation has a 1-year low of $101.39 and a 1-year high of $218.16.

Paylocity (NASDAQ:PCTY) last announced its quarterly earnings data on Thursday, February 5th. The software maker reported $1.85 EPS for the quarter, beating the consensus estimate of $1.57 by $0.28. The business had revenue of $416.13 million during the quarter, compared to the consensus estimate of $408.37 million. Paylocity had a net margin of 14.19% and a return on equity of 23.44%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.52 earnings per share. As a group, equities research analysts forecast that Paylocity Holding Corporation will post 4.36 earnings per share for the current fiscal year.

Paylocity Company Profile

Paylocity (NASDAQ: PCTY) is a leading provider of cloud-based payroll and human capital management (HCM) software designed to streamline workforce administration for mid-sized organizations. The company’s integrated platform automates core functions such as payroll processing, benefits administration, time and labor tracking, and compliance management, enabling employers to manage employee data more efficiently and reduce administrative burdens.

In addition to payroll and HR capabilities, Paylocity offers talent management solutions including recruiting, onboarding, performance tracking, and learning management.