Amiral Gestion Grows Stock Position in Paylocity Holding Corporation $PCTY

Amiral Gestion grew its holdings in Paylocity Holding Corporation (NASDAQ:PCTY) by 37.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 84,703 shares of the software maker’s stock after acquiring an additional 23,162 shares during the period. Paylocity accounts for about 4.9% of Amiral Gestion’s portfolio, making the stock its 9th largest position. Amiral Gestion’s holdings in Paylocity were worth $13,491,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. grew its holdings in Paylocity by 47.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 252 shares of the software maker’s stock valued at $46,000 after buying an additional 81 shares in the last quarter. Employees Retirement System of Texas purchased a new position in Paylocity during the second quarter valued at $51,000. Bayforest Capital Ltd increased its holdings in Paylocity by 69.1% in the 1st quarter. Bayforest Capital Ltd now owns 296 shares of the software maker’s stock valued at $55,000 after acquiring an additional 121 shares during the last quarter. SVB Wealth LLC purchased a new stake in Paylocity in the 1st quarter worth $61,000. Finally, IFP Advisors Inc lifted its stake in Paylocity by 248.5% in the 2nd quarter. IFP Advisors Inc now owns 338 shares of the software maker’s stock worth $61,000 after purchasing an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Paylocity Stock Performance

NASDAQ:PCTY opened at $151.69 on Friday. The firm has a market capitalization of $8.25 billion, a PE ratio of 38.02, a PEG ratio of 4.44 and a beta of 0.57. The stock’s fifty day moving average is $147.29 and its 200 day moving average is $166.55. Paylocity Holding Corporation has a fifty-two week low of $135.46 and a fifty-two week high of $223.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.07 and a current ratio of 1.07.

Paylocity (NASDAQ:PCTY) last posted its quarterly earnings data on Tuesday, November 4th. The software maker reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.23. The business had revenue of $408.17 million for the quarter, compared to analysts’ expectations of $399.53 million. Paylocity had a net margin of 13.75% and a return on equity of 22.07%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.66 earnings per share. On average, sell-side analysts anticipate that Paylocity Holding Corporation will post 4.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Cowen reaffirmed a “buy” rating on shares of Paylocity in a report on Monday, October 6th. Jefferies Financial Group reduced their price objective on Paylocity from $225.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Paylocity in a report on Monday. JMP Securities set a $245.00 target price on shares of Paylocity in a report on Wednesday, November 5th. Finally, BMO Capital Markets reduced their price target on shares of Paylocity from $200.00 to $185.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.37.

Insiders Place Their Bets

In related news, CFO Ryan Glenn sold 1,737 shares of Paylocity stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $143.65, for a total transaction of $249,520.05. Following the completion of the sale, the chief financial officer owned 77,229 shares in the company, valued at $11,093,945.85. This trade represents a 2.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 19.40% of the stock is currently owned by 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.