Caxton Associates LP Makes New $292,000 Investment in Paylocity Holding Corp (NASDAQ:PCTY)
Caxton Associates LP purchased a new position in shares of Paylocity Holding Corp (NASDAQ:PCTY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,413 shares of the software maker’s stock, valued at approximately $292,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vigilant Capital Management LLC purchased a new position in shares of Paylocity during the 4th quarter valued at approximately $41,000. NEXT Financial Group Inc boosted its holdings in shares of Paylocity by 10,400.0% in the fourth quarter. NEXT Financial Group Inc now owns 420 shares of the software maker’s stock valued at $50,000 after acquiring an additional 416 shares in the last quarter. Winslow Evans & Crocker Inc. increased its stake in shares of Paylocity by 1,369.1% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 1,616 shares of the software maker’s stock valued at $196,000 after acquiring an additional 1,506 shares during the period. Jag Capital Management LLC bought a new stake in Paylocity during the fourth quarter worth approximately $207,000. Finally, ProShare Advisors LLC bought a new stake in Paylocity during the fourth quarter worth approximately $207,000. 67.36% of the stock is currently owned by institutional investors.
In other Paylocity news, COO Michael R. Haske sold 17,197 shares of Paylocity stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $128.58, for a total transaction of $2,211,190.26. Following the transaction, the chief operating officer now owns 796,892 shares of the company’s stock, valued at approximately $102,464,373.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Edward W. Gaty sold 8,658 shares of Paylocity stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $124.51, for a total value of $1,078,007.58. Following the transaction, the senior vice president now directly owns 114,284 shares in the company, valued at approximately $14,229,500.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,855 shares of company stock valued at $3,739,448. 37.80% of the stock is currently owned by insiders.
Shares of NASDAQ PCTY opened at $92.54 on Thursday. The stock’s fifty day simple moving average is $124.13 and its 200 day simple moving average is $116.44. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 88.98, a PEG ratio of 3.98 and a beta of 1.32. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.23. Paylocity Holding Corp has a 52-week low of $66.98 and a 52-week high of $150.73.
Paylocity (NASDAQ:PCTY) last posted its quarterly earnings data on Tuesday, February 4th. The software maker reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. Paylocity had a net margin of 11.11% and a return on equity of 19.02%. The company had revenue of $128.00 million during the quarter, compared to analyst estimates of $130.22 million. During the same period in the prior year, the firm earned $0.23 earnings per share. The business’s quarterly revenue was up 19.4% on a year-over-year basis. As a group, analysts anticipate that Paylocity Holding Corp will post 1.1 earnings per share for the current year.
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.
Recommended Story: How to Trade Using Analysts Ratings
Want to see what other hedge funds are holding PCTY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paylocity Holding Corp (NASDAQ:PCTY).
Receive News & Ratings for Paylocity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paylocity and related companies with MarketBeat.com's FREE daily email newsletter.