Riverbridge Companions LLC diminished its stake in Paylocity Holding Co. (NASDAQ:PCTY – Get Ranking) by 12.4% in the course of the fourth quarter, based on its most up-to-date submitting with the Securities and Trade Fee (SEC). The agency owned 676,061 shares of the software program maker’s inventory after promoting 95,661 shares in the course of the interval. Paylocity includes 2.0% of Riverbridge Companions LLC’s funding portfolio, making the inventory its thirteenth largest place. Riverbridge Companions LLC owned 1.21% of Paylocity price $131,332,000 as of its most up-to-date submitting with the Securities and Trade Fee (SEC).
Quite a lot of different massive buyers have additionally purchased and offered shares of the inventory. Allspring International Investments Holdings LLC grew its place in shares of Paylocity by 9,150.0% within the third quarter. Allspring International Investments Holdings LLC now owns 185 shares of the software program maker’s inventory price $44,000 after shopping for an extra 183 shares over the last quarter. Covestor Ltd grew its place in shares of Paylocity by 88.1% within the 1st quarter. Covestor Ltd now owns 331 shares of the software program maker’s inventory price $68,000 after shopping for an extra 155 shares over the last quarter. Bessemer Group Inc. grew its place in shares of Paylocity by 85.2% within the third quarter. Bessemer Group Inc. now owns 313 shares of the software program maker’s inventory price $76,000 after shopping for an extra 144 shares over the last quarter. Quadrant Capital Group LLC grew its place in shares of Paylocity by 109.5% within the 2nd quarter. Quadrant Capital Group LLC now owns 440 shares of the software program maker’s inventory price $77,000 after shopping for an extra 230 shares over the last quarter. Lastly, Twin Tree Administration LP purchased a brand new stake in shares of Paylocity within the 2nd quarter price roughly $86,000. 72.79% of the inventory is owned by hedge funds and different institutional buyers.
Paylocity Buying and selling Up 1.2 %
Shares of NASDAQ:PCTY opened at $180.51 on Friday. The inventory has a fifty day easy transferring common of $200.01 and a two-hundred day easy transferring common of $213.62. The inventory has a market capitalization of $10.07 billion, a price-to-earnings ratio of 105.56 and a beta of 1.07. Paylocity Holding Co. has a 12-month low of $152.01 and a 12-month excessive of $276.88.
Paylocity (NASDAQ:PCTY – Get Ranking) final posted its quarterly earnings outcomes on Thursday, February 2nd. The software program maker reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.10. Paylocity had a return on fairness of 18.52% and a internet margin of 9.58%. The agency had income of $273.01 million in the course of the quarter, in comparison with analysts’ expectations of $259.78 million. As a bunch, equities analysis analysts predict that Paylocity Holding Co. will publish 2 EPS for the present yr.
Analyst Rankings Modifications
Quite a lot of brokerages have not too long ago weighed in on PCTY. Cowen lifted their worth goal on Paylocity from $231.00 to $265.00 and gave the inventory an “outperform” ranking in a analysis report on Friday, February third. StockNews.com assumed protection on Paylocity in a analysis report on Thursday. They set a “maintain” ranking on the inventory. Piper Sandler lifted their worth goal on Paylocity from $276.00 to $297.00 and gave the corporate an “chubby” ranking in a analysis report on Friday, February third. KeyCorp lifted their worth goal on Paylocity from $295.00 to $305.00 and gave the corporate an “chubby” ranking in a analysis report on Friday, February third. Lastly, JMP Securities restated a “market outperform” ranking and set a $320.00 worth goal on shares of Paylocity in a analysis report on Friday, February third. 5 equities analysis analysts have rated the inventory with a maintain ranking and 7 have issued a purchase ranking to the inventory. Primarily based on knowledge from MarketBeat.com, the inventory has a median ranking of “Reasonable Purchase” and a median worth goal of $272.71.
Insider Transactions at Paylocity
In different information, CFO Ryan Glenn offered 1,250 shares of the enterprise’s inventory in a transaction on Wednesday, March fifteenth. The inventory was offered at a median worth of $177.46, for a complete worth of $221,825.00. Following the completion of the transaction, the chief monetary officer now owns 21,651 shares within the firm, valued at $3,842,186.46. The transaction was disclosed in a doc filed with the Securities & Trade Fee, which could be accessed by way of the SEC web site. In associated information, CFO Ryan Glenn offered 1,250 shares of the corporate’s inventory in a transaction on Wednesday, March fifteenth. The inventory was offered at a median worth of $177.46, for a complete transaction of $221,825.00. Following the completion of the sale, the chief monetary officer now owns 21,651 shares within the firm, valued at $3,842,186.46. The transaction was disclosed in a doc filed with the SEC, which could be accessed by way of this hyperlink. Additionally, CEO Toby J. Williams offered 8,000 shares of the agency’s inventory in a transaction dated Tuesday, February 14th. The inventory was offered at a median worth of $217.63, for a complete worth of $1,741,040.00. Following the completion of the transaction, the chief govt officer now straight owns 107,176 shares within the firm, valued at $23,324,712.88. The disclosure for this sale could be discovered right here. Insiders offered 177,242 shares of firm inventory price $36,661,532 during the last quarter. 26.50% of the inventory is presently owned by insiders.
About Paylocity
Paylocity Holding Corp. engages within the improvement and provision of cloud-based software program options. It affords cloud-based payroll, human capital administration functions, time labor monitoring, advantages administration, and expertise administration. The corporate was based by Steve I. Sarowitz in 1997 and is headquartered in Schaumburg, IL.
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