Dimensional Fund Advisors LP Boosts Stake in Paylocity Holding Corp (PCTY)

Dimensional Fund Advisors LP raised its stake in Paylocity Holding Corp (NASDAQ:PCTY) by 26.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 453,995 shares of the software maker’s stock after buying an additional 95,223 shares during the quarter. Dimensional Fund Advisors LP owned 0.86% of Paylocity worth $27,335,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. FTB Advisors Inc. lifted its holdings in shares of Paylocity by 25.1% during the 4th quarter. FTB Advisors Inc. now owns 642 shares of the software maker’s stock worth $38,000 after acquiring an additional 129 shares during the period. First Quadrant L P CA increased its position in shares of Paylocity by 460.3% during the 4th quarter. First Quadrant L P CA now owns 1,496 shares of the software maker’s stock worth $90,000 after purchasing an additional 1,229 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in shares of Paylocity during the 4th quarter worth about $114,000. Quantbot Technologies LP acquired a new stake in shares of Paylocity during the 3rd quarter worth about $168,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Paylocity by 23.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,141 shares of the software maker’s stock worth $129,000 after purchasing an additional 407 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Paylocity stock traded up $2.84 during midday trading on Friday, hitting $98.78. 427,730 shares of the stock were exchanged, compared to its average volume of 283,164. Paylocity Holding Corp has a 52 week low of $52.93 and a 52 week high of $99.80. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of 318.65, a PEG ratio of 8.90 and a beta of 2.07.

Paylocity (NASDAQ:PCTY) last released its quarterly earnings data on Thursday, May 2nd. The software maker reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.19. Paylocity had a net margin of 12.81% and a return on equity of 13.43%. The business had revenue of $139.60 million for the quarter, compared to analyst estimates of $135.97 million. During the same quarter last year, the firm earned $0.71 EPS. Paylocity’s quarterly revenue was up 23.1% compared to the same quarter last year. As a group, research analysts anticipate that Paylocity Holding Corp will post 0.54 EPS for the current fiscal year.

In other Paylocity news, SVP Edward W. Gaty sold 11,281 shares of Paylocity stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $87.00, for a total value of $981,447.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven I. Sarowitz sold 72,500 shares of Paylocity stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $81.04, for a total transaction of $5,875,400.00. Following the completion of the transaction, the director now directly owns 14,735,730 shares in the company, valued at approximately $1,194,183,559.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 882,481 shares of company stock worth $75,511,619. Insiders own 41.20% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Paylocity from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a research report on Monday, April 8th. ValuEngine upgraded shares of Paylocity from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 4th. Craig Hallum restated a “hold” rating and issued a $97.00 price objective (up previously from $78.00) on shares of Paylocity in a research report on Friday. BidaskClub upgraded shares of Paylocity from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 25th. Finally, Bank of America raised their price objective on shares of Paylocity from $80.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, February 7th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $88.57.

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Paylocity Company Profile

Paylocity Holding Corporation provides cloud-based payroll and human capital management software solutions for medium-sized organizations in the United States. The company offers Paylocity Web Pay for enterprise-grade payroll processing and administration; Paylocity Web HR for employee record management, HR compliance and reporting, HR insight and analytics, and self-service portals; Talent Management for employee performance appraisal process and performance review; Paylocity Web Time, a time and attendance solution; and Paylocity Web Expense, an expense management tool designed to streamline and automate the expense management process.

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Institutional Ownership by Quarter for Paylocity (NASDAQ:PCTY)

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