Paylocity Holding Corporation (PCTY) Shares Bought by BBT Capital Management LLC
BBT Capital Management LLC increased its position in Paylocity Holding Corporation (NASDAQ:PCTY) by 26.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,703 shares of the software maker’s stock after purchasing an additional 6,703 shares during the quarter. BBT Capital Management LLC owned approximately 0.06% of Paylocity Holding Corporation worth $1,548,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Ameritas Investment Partners Inc. grew its stake in Paylocity Holding Corporation by 22.6% in the second quarter. Ameritas Investment Partners Inc. now owns 2,282 shares of the software maker’s stock worth $103,000 after purchasing an additional 421 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in Paylocity Holding Corporation by 562.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,293 shares of the software maker’s stock valued at $149,000 after acquiring an additional 2,796 shares in the last quarter. Bank of Montreal Can boosted its position in Paylocity Holding Corporation by 1.2% during the 2nd quarter. Bank of Montreal Can now owns 3,419 shares of the software maker’s stock valued at $154,000 after acquiring an additional 42 shares in the last quarter. Turner Investments LLC bought a new stake in Paylocity Holding Corporation during the 2nd quarter valued at $158,000. Finally, Nomura Holdings Inc. bought a new stake in Paylocity Holding Corporation during the 2nd quarter valued at $208,000. 59.88% of the stock is currently owned by institutional investors.
Shares of Paylocity Holding Corporation (PCTY) opened at $47.85 on Friday. Paylocity Holding Corporation has a twelve month low of $29.69 and a twelve month high of $53.96. The company has a market capitalization of $2,512.93, a price-to-earnings ratio of 217.50, a PEG ratio of 6.28 and a beta of 2.24.
Paylocity Holding Corporation (NASDAQ:PCTY) last issued its quarterly earnings data on Thursday, November 2nd. The software maker reported $0.15 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.17. The firm had revenue of $81.50 million during the quarter, compared to analyst estimates of $80.88 million. Paylocity Holding Corporation had a return on equity of 7.98% and a net margin of 3.11%. The business’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 EPS. analysts expect that Paylocity Holding Corporation will post 0.32 earnings per share for the current year.
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Several analysts have issued reports on PCTY shares. ValuEngine raised Paylocity Holding Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Robert W. Baird increased their target price on Paylocity Holding Corporation from $52.00 to $56.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Bank of America Corporation increased their target price on Paylocity Holding Corporation from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, October 24th. Mizuho reaffirmed a “hold” rating and set a $45.00 target price on shares of Paylocity Holding Corporation in a research report on Thursday, October 12th. Finally, TheStreet raised Paylocity Holding Corporation from a “c” rating to a “b-” rating in a research report 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’s stock. The company currently has an average rating of “Buy” and a consensus target price of $52.92.
In related news, Director Steven I. Sarowitz sold 1,296,142 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $46.14, for a total value of $59,803,991.88. Following the completion of the transaction, the director now owns 15,343,130 shares in the company, valued at approximately $707,932,018.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael R. Haske sold 25,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $47.02, for a total value of $1,175,500.00. The disclosure for this sale can be found here. Insiders sold a total of 1,429,857 shares of company stock valued at $66,253,404 in the last 90 days. 48.80% of the stock is currently owned by company insiders.
Paylocity Holding Corporation Company 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.
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