Paylocity Holding Corp (PCTY) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP reduced its stake in shares of Paylocity Holding Corp (NASDAQ:PCTY) by 3.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 105,812 shares of the software maker’s stock after selling 3,700 shares during the period. Two Sigma Advisers LP owned approximately 0.20% of Paylocity worth $4,990,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in PCTY. Fox Run Management L.L.C. bought a new position in shares of Paylocity during the 4th quarter worth approximately $520,000. Jane Street Group LLC bought a new position in shares of Paylocity during the 3rd quarter worth approximately $260,000. Prudential Financial Inc. bought a new position in shares of Paylocity during the 3rd quarter worth approximately $267,000. Bank of Montreal Can grew its stake in shares of Paylocity by 103.0% during the 4th quarter. Bank of Montreal Can now owns 7,293 shares of the software maker’s stock worth $344,000 after acquiring an additional 3,700 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Paylocity by 47.7% during the 3rd quarter. Legal & General Group Plc now owns 11,412 shares of the software maker’s stock worth $556,000 after acquiring an additional 3,686 shares in the last quarter. Hedge funds and other institutional investors own 62.59% of the company’s stock.

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NASDAQ:PCTY opened at $51.23 on Friday. Paylocity Holding Corp has a 1-year low of $37.60 and a 1-year high of $57.16. The firm has a market capitalization of $2,694.89, a P/E ratio of 341.53, a PEG ratio of 7.70 and a beta of 2.13.

Paylocity (NASDAQ:PCTY) last released its earnings results on Thursday, February 8th. The software maker reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. Paylocity had a net margin of 3.57% and a return on equity of 8.93%. The business had revenue of $86.00 million during the quarter, compared to analysts’ expectations of $85.03 million. During the same period last year, the business earned $0.10 earnings per share. The firm’s revenue was up 25.3% on a year-over-year basis. research analysts anticipate that Paylocity Holding Corp will post 0.3 EPS for the current fiscal year.

In other Paylocity news, insider Mark S. Kinsey sold 3,200 shares of Paylocity stock in a transaction on Monday, March 12th. The shares were sold at an average price of $54.44, for a total transaction of $174,208.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ellen Carnahan acquired 1,380 shares of Paylocity stock in a transaction on Friday, March 16th. The shares were bought at an average cost of $53.91 per share, with a total value of $74,395.80. Following the completion of the transaction, the director now owns 7,908 shares of the company’s stock, valued at $426,320.28. The disclosure for this purchase can be found here. Insiders sold 290,927 shares of company stock valued at $13,750,422 over the last three months. 48.80% of the stock is owned by company insiders.

Several equities analysts have recently weighed in on the stock. SunTrust Banks raised shares of Paylocity from a “hold” rating to a “buy” rating and decreased their price target for the stock from $52.72 to $45.00 in a research note on Monday, March 12th. Zacks Investment Research raised shares of Paylocity from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. William Blair reaffirmed an “outperform” rating on shares of Paylocity in a research note on Friday, February 9th. BidaskClub cut shares of Paylocity from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Finally, First Analysis raised their price target on shares of Paylocity from $63.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, March 19th. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $54.57.

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About Paylocity

Paylocity Holding Corporation is a cloud-based provider of payroll and human capital management (HCM), software solutions for medium-sized organizations. The Company’s services are provided in a software-as-a-service delivery model utilizing its cloud-based platform. The cloud-based platform provides a suite of applications using a multi-tenant architecture.

Institutional Ownership by Quarter for Paylocity (NASDAQ:PCTY)

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