iSAM Funds UK Ltd Buys 8,236 Shares of Paylocity Holding Corporation $PCTY

iSAM Funds UK Ltd boosted its position in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 676.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,453 shares of the software maker’s stock after buying an additional 8,236 shares during the quarter. iSAM Funds UK Ltd’s holdings in Paylocity were worth $1,506,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Paylocity in the 3rd quarter worth about $41,000. 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 purchasing an additional 81 shares during the last quarter. True Wealth Design LLC raised its position in Paylocity by 155.4% in the 3rd quarter. True Wealth Design LLC now owns 286 shares of the software maker’s stock worth $46,000 after purchasing an additional 174 shares during the period. SJS Investment Consulting Inc. raised its position in Paylocity by 14,800.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 298 shares of the software maker’s stock worth $47,000 after purchasing an additional 296 shares during the period. Finally, Employees Retirement System of Texas bought a new stake in Paylocity in the second quarter worth about $51,000. Institutional investors own 94.76% of the company’s stock.

Paylocity Trading Down 1.0%

NASDAQ PCTY opened at $109.39 on Friday. Paylocity Holding Corporation has a one year low of $100.50 and a one year high of $201.97. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 3.17 and a beta of 0.58. The company’s 50-day simple moving average is $125.34 and its two-hundred day simple moving average is $144.54.

Paylocity (NASDAQ:PCTY) last issued 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 company had revenue of $416.13 million for 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 revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company posted $1.52 earnings per share. Equities analysts forecast that Paylocity Holding Corporation will post 4.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on PCTY. Stephens set a $160.00 target price on Paylocity in a research report on Friday, January 16th. Jefferies Financial Group cut their price objective on Paylocity from $180.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Robert W. Baird set a $220.00 target price on Paylocity in a research note on Friday, February 6th. KeyCorp decreased their target price on Paylocity from $225.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Finally, Stifel Nicolaus cut their price target on shares of Paylocity from $188.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Fifteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $180.05.

Paylocity Company Profile

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.