Jefferies Financial Group Inc. Purchases New Stake in Paylocity Holding Corporation $PCTY

Jefferies Financial Group Inc. acquired a new position in shares of Paylocity Holding Corporation (NASDAQ:PCTY) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 8,449 shares of the software maker’s stock, valued at approximately $1,346,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Paylocity by 5.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 136,388 shares of the software maker’s stock worth $25,551,000 after purchasing an additional 7,594 shares in the last quarter. Focus Partners Wealth grew its position in Paylocity by 24.5% during the first quarter. Focus Partners Wealth now owns 1,365 shares of the software maker’s stock valued at $256,000 after purchasing an additional 269 shares in the last quarter. Savant Capital LLC grew its position in Paylocity by 256.1% during the second quarter. Savant Capital LLC now owns 5,690 shares of the software maker’s stock valued at $1,031,000 after purchasing an additional 4,092 shares in the last quarter. ProShare Advisors LLC increased its stake in Paylocity by 3.3% in the 2nd quarter. ProShare Advisors LLC now owns 2,055 shares of the software maker’s stock valued at $372,000 after buying an additional 65 shares during the period. Finally, SBI Securities Co. Ltd. increased its stake in Paylocity by 47.4% in 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 during the period. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Paylocity Stock Performance

Shares of PCTY opened at $113.78 on Thursday. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 26.77, a price-to-earnings-growth ratio of 3.29 and a beta of 0.58. The company’s fifty day moving average is $126.91 and its 200-day moving average is $145.27. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.07. Paylocity Holding Corporation has a 12 month low of $100.50 and a 12 month high of $201.97.

Paylocity (NASDAQ:PCTY) last released its quarterly earnings data on Thursday, February 5th. The software maker reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.28. The business had revenue of $416.13 million during the quarter, compared to analyst estimates of $408.37 million. Paylocity had a net margin of 14.19% and a return on equity of 23.44%. Paylocity’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.52 EPS. Equities analysts expect that Paylocity Holding Corporation will post 4.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. KeyCorp decreased their target price on shares of Paylocity from $225.00 to $190.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Stephens set a $160.00 price target on shares of Paylocity in a research note on Friday, January 16th. Citizens Jmp cut their price objective on Paylocity from $245.00 to $170.00 and set a “market outperform” rating for the company in a report on Friday, February 6th. Cantor Fitzgerald reissued an “overweight” rating on shares of Paylocity in a research report on Thursday, January 29th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Paylocity in a research report on Friday, February 6th. Fifteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.05.

About Paylocity

Paylocity (NASDAQ: PCTY) is a leading provider of cloud-based payroll and human capital management (HCM) software designed to streamline workforce administration for mid-sized organizations. The company’s integrated platform automates core functions such as payroll processing, benefits administration, time and labor tracking, and compliance management, enabling employers to manage employee data more efficiently and reduce administrative burdens.

In addition to payroll and HR capabilities, Paylocity offers talent management solutions including recruiting, onboarding, performance tracking, and learning management.