Oregon Public Employees Retirement Fund Has $1.77 Million Stock Holdings in Paylocity Holding Co. (NASDAQ:PCTY)

Oregon Public Employees Retirement Fund boosted its position in Paylocity Holding Co. (NASDAQ:PCTY) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,889 shares of the software maker’s stock after buying an additional 100 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Paylocity were worth $1,773,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of PCTY. Creative Planning acquired a new position in shares of Paylocity during the 3rd quarter worth approximately $267,000. International Assets Investment Management LLC increased its position in shares of Paylocity by 16,397.9% during the 3rd quarter. International Assets Investment Management LLC now owns 7,754 shares of the software maker’s stock worth $1,279,000 after purchasing an additional 7,707 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Paylocity by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,046 shares of the software maker’s stock worth $832,000 after purchasing an additional 340 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Paylocity by 3.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,282 shares of the software maker’s stock worth $395,000 after purchasing an additional 82 shares during the last quarter. Finally, Tompkins Financial Corp acquired a new position in shares of Paylocity during the 3rd quarter worth approximately $82,000. Institutional investors and hedge funds own 94.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Truist Financial boosted their price target on Paylocity from $195.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. KeyCorp boosted their price target on Paylocity from $220.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Piper Sandler reiterated an “overweight” rating and set a $254.00 target price (up from $212.00) on shares of Paylocity in a research note on Thursday, February 6th. Citigroup upgraded Paylocity from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $214.00 to $231.00 in a research note on Thursday, January 16th. Finally, UBS Group lifted their target price on Paylocity from $211.00 to $220.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Paylocity presently has a consensus rating of “Moderate Buy” and an average price target of $233.25.

Paylocity Stock Performance

PCTY opened at $204.29 on Friday. The business has a fifty day simple moving average of $203.22 and a 200 day simple moving average of $187.00. The company has a market capitalization of $11.42 billion, a PE ratio of 52.38, a price-to-earnings-growth ratio of 4.49 and a beta of 0.95. Paylocity Holding Co. has a 1 year low of $129.94 and a 1 year high of $223.80. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.14 and a quick ratio of 1.14.

Paylocity (NASDAQ:PCTY) last released its quarterly earnings results on Thursday, February 6th. The software maker reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.60). Paylocity had a net margin of 14.76% and a return on equity of 22.45%. Research analysts expect that Paylocity Holding Co. will post 4.36 EPS for the current year.

Insider Activity

In other news, Director Steven I. Sarowitz sold 2,600 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $200.14, for a total transaction of $520,364.00. Following the completion of the sale, the director now directly owns 8,332,347 shares in the company, valued at approximately $1,667,635,928.58. This represents a 0.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 69,349 shares of company stock worth $14,121,177. 21.91% of the stock is currently owned by company insiders.

About Paylocity

Paylocity Holding Corporation engages in the provision of cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers payroll software solution for global payroll, expense management, tax services, on demand payment, and garnishment managed services; and time and labor management software for time and attendance, scheduling, and time collection.