Paylocity Holding Co. (NASDAQ:PCTY) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC grew its holdings in Paylocity Holding Co. (NASDAQ:PCTY) by 165.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,446 shares of the software maker’s stock after acquiring an additional 902 shares during the period. Venturi Wealth Management LLC’s holdings in Paylocity were worth $288,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Paylocity by 81.9% during the third quarter. JPMorgan Chase & Co. now owns 856,536 shares of the software maker’s stock worth $141,303,000 after acquiring an additional 385,625 shares during the period. Point72 Asset Management L.P. boosted its position in Paylocity by 283.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 309,761 shares of the software maker’s stock worth $51,101,000 after purchasing an additional 229,057 shares in the last quarter. Victory Capital Management Inc. boosted its position in Paylocity by 297.6% in the 3rd quarter. Victory Capital Management Inc. now owns 119,560 shares of the software maker’s stock worth $19,724,000 after purchasing an additional 89,487 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Paylocity by 113.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 96,406 shares of the software maker’s stock worth $15,904,000 after purchasing an additional 51,276 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Paylocity by 1,896.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 47,966 shares of the software maker’s stock valued at $7,913,000 after purchasing an additional 45,564 shares in the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

Insider Activity at Paylocity

In other Paylocity news, Director Steven I. Sarowitz sold 10,237 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $210.10, for a total value of $2,150,793.70. Following the completion of the sale, the director now directly owns 9,214,115 shares of the company’s stock, valued at $1,935,885,561.50. This trade represents a 0.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey T. Diehl sold 4,513 shares of Paylocity stock in a transaction on Monday, November 25th. The stock was sold at an average price of $209.91, for a total value of $947,323.83. Following the transaction, the director now owns 1,003 shares in the company, valued at approximately $210,539.73. This represents a 81.82 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,999 shares of company stock valued at $17,822,987. 21.91% of the stock is currently owned by insiders.

Paylocity Price Performance

Paylocity stock opened at $206.42 on Friday. The company has a fifty day simple moving average of $202.73 and a 200-day simple moving average of $185.25. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $11.54 billion, a price-to-earnings ratio of 52.93, a PEG ratio of 4.73 and a beta of 0.95. Paylocity Holding Co. has a 52-week low of $129.94 and a 52-week high of $223.80.

Paylocity (NASDAQ:PCTY) last released its quarterly earnings data on Thursday, February 6th. The software maker reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.60). Paylocity had a net margin of 14.76% and a return on equity of 22.45%. On average, equities analysts anticipate that Paylocity Holding Co. will post 4.36 EPS for the current fiscal year.

Analyst Ratings Changes

PCTY has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Paylocity from a “buy” rating to a “hold” rating in a report on Monday, February 10th. TD Cowen dropped their target price on Paylocity from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Raymond James reaffirmed an “outperform” rating and issued a $265.00 price target (up previously from $215.00) on shares of Paylocity in a report on Friday, February 7th. Truist Financial increased 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. Finally, JMP Securities boosted their price objective on Paylocity from $250.00 to $270.00 and gave the company a “market outperform” rating in a research report on Friday, February 7th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $233.25.

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.