Paylocity Holding Corporation (PCTY) Stake Maintained by Eagle Asset Management Inc.

Eagle Asset Management Inc. continued to hold its stake in Paylocity Holding Corporation (NASDAQ:PCTY) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,181 shares of the software maker’s stock at the end of the 2nd quarter. Eagle Asset Management Inc. owned 0.11% of Paylocity Holding Corporation worth $2,538,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can lifted its holdings in shares of Paylocity Holding Corporation by 1.2% in the second quarter. Bank of Montreal Can now owns 3,419 shares of the software maker’s stock valued at $154,000 after purchasing an additional 42 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Paylocity Holding Corporation by 0.4% in the second quarter. Sei Investments Co. now owns 141,900 shares of the software maker’s stock valued at $6,411,000 after purchasing an additional 529 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of Paylocity Holding Corporation by 2.1% in the first quarter. Teachers Advisors LLC now owns 36,565 shares of the software maker’s stock valued at $1,413,000 after purchasing an additional 753 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Paylocity Holding Corporation by 9.7% in the first quarter. US Bancorp DE now owns 9,859 shares of the software maker’s stock valued at $381,000 after purchasing an additional 875 shares in the last quarter. Finally, American International Group Inc. lifted its holdings in shares of Paylocity Holding Corporation by 7.1% in the first quarter. American International Group Inc. now owns 13,273 shares of the software maker’s stock valued at $513,000 after purchasing an additional 878 shares in the last quarter. Institutional investors own 60.87% of the company’s stock.

PCTY has been the topic of a number of research reports. Zacks Investment Research lowered Paylocity Holding Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 4th. Bank of America Corporation restated a “buy” rating and issued a $47.00 price target (down from $50.00) on shares of Paylocity Holding Corporation in a report on Friday, August 11th. ValuEngine upgraded Paylocity Holding Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. SunTrust Banks, Inc. initiated coverage on Paylocity Holding Corporation in a report on Monday, June 26th. They set a “hold” rating and a $45.00 target price on the stock. Finally, Needham & Company LLC upped their target price on Paylocity Holding Corporation from $46.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, May 25th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $51.46.

Shares of Paylocity Holding Corporation (NASDAQ:PCTY) opened at 47.04 on Monday. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 392.00 and a beta of 2.25. Paylocity Holding Corporation has a 1-year low of $29.69 and a 1-year high of $49.65. The firm has a 50-day moving average price of $46.33 and a 200 day moving average price of $43.07.

Paylocity Holding Corporation (NASDAQ:PCTY) last posted its earnings results on Thursday, August 10th. The software maker reported ($0.06) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.04. Paylocity Holding Corporation had a net margin of 2.24% and a return on equity of 6.13%. The firm had revenue of $76.10 million for the quarter, compared to analysts’ expectations of $73.79 million. During the same quarter last year, the firm earned ($0.01) EPS. The company’s quarterly revenue was up 27.3% compared to the same quarter last year. On average, analysts predict that Paylocity Holding Corporation will post $0.79 EPS for the current fiscal year.

In other Paylocity Holding Corporation news, SVP Edward W. Gaty sold 5,185 shares of Paylocity Holding Corporation stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $48.92, for a total transaction of $253,650.20. Following the transaction, the senior vice president now owns 116,135 shares of the company’s stock, valued at approximately $5,681,324.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Michael R. Haske sold 88,600 shares of Paylocity Holding Corporation stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $45.21, for a total transaction of $4,005,606.00. Following the transaction, the vice president now directly owns 1,189,606 shares in the company, valued at approximately $53,782,087.26. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,510,185 shares of company stock worth $68,035,096. Insiders own 53.10% of the company’s stock.

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About Paylocity Holding Corporation

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 Holding Corporation (NASDAQ:PCTY)

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