Keybank National Association OH decreased its position in Paylocity Holding Corporation (NASDAQ:PCTY) by 27.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,071 shares of the software maker’s stock after selling 4,878 shares during the period. Keybank National Association OH’s holdings in Paylocity Holding Corporation were worth $638,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Bank of Montreal Can grew its holdings in shares of Paylocity Holding Corporation by 1.2% in the 2nd quarter. Bank of Montreal Can now owns 3,419 shares of the software maker’s stock valued at $154,000 after buying an additional 42 shares during the period. Citigroup Inc. grew its holdings in shares of Paylocity Holding Corporation by 3.8% in the 2nd quarter. Citigroup Inc. now owns 11,366 shares of the software maker’s stock valued at $514,000 after buying an additional 413 shares during the period. Ameritas Investment Partners Inc. grew its holdings in shares of Paylocity Holding Corporation by 22.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,282 shares of the software maker’s stock valued at $103,000 after buying an additional 421 shares during the period. Sei Investments Co. grew its holdings in shares of Paylocity Holding Corporation by 0.4% in the 2nd quarter. Sei Investments Co. now owns 141,900 shares of the software maker’s stock valued at $6,411,000 after buying an additional 529 shares during the period. Finally, Bayesian Capital Management LP grew its holdings in shares of Paylocity Holding Corporation by 10.8% in the 2nd quarter. Bayesian Capital Management LP now owns 6,144 shares of the software maker’s stock valued at $278,000 after buying an additional 600 shares during the period. 59.44% of the stock is owned by institutional investors.

Shares of Paylocity Holding Corporation (PCTY) opened at $47.80 on Friday. Paylocity Holding Corporation has a 52-week low of $29.69 and a 52-week high of $53.96. The company has a market cap of $2,452.01, a PE ratio of 212.23, a price-to-earnings-growth ratio of 6.20 and a beta of 2.24.

Paylocity Holding Corporation (NASDAQ:PCTY) last issued its quarterly earnings results on Thursday, November 2nd. The software maker reported $0.15 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.17. Paylocity Holding Corporation had a net margin of 3.11% and a return on equity of 7.98%. The firm had revenue of $81.50 million for the quarter, compared to analysts’ expectations of $80.88 million. During the same period in the previous year, the firm posted $0.07 EPS. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. equities analysts anticipate that Paylocity Holding Corporation will post 0.32 EPS for the current year.

In other Paylocity Holding Corporation news, CEO Steven R. Beauchamp sold 50,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $46.63, for a total transaction of $2,331,500.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Edward W. Gaty sold 5,185 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $48.92, for a total transaction of $253,650.20. Following the sale, the senior vice president now directly owns 116,135 shares in the company, valued at $5,681,324.20. The disclosure for this sale can be found here. Insiders have sold a total of 133,715 shares of company stock worth $6,449,412 over the last three months. Insiders own 48.80% of the company’s stock.

Several equities analysts have recently issued reports on PCTY shares. ValuEngine raised shares of Paylocity Holding Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Mizuho reissued a “hold” rating and issued a $45.00 price target on shares of Paylocity Holding Corporation in a report on Thursday, October 12th. Bank of America Corporation boosted their price target on shares of Paylocity Holding Corporation from $50.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. Northland Securities reissued a “buy” rating and issued a $55.00 price target on shares of Paylocity Holding Corporation in a report on Sunday, September 10th. Finally, TheStreet raised shares of Paylocity Holding Corporation from a “c” rating to a “b-” rating in a research note on Friday, November 3rd. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $52.92.

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Paylocity Holding Corporation Profile

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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