Paylocity Holding Corporation $PCTY Shares Purchased by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 94.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 53,964 shares of the software maker’s stock after buying an additional 26,251 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Paylocity were worth $8,230,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Millennium Management LLC raised its stake in Paylocity by 97.7% during the third quarter. Millennium Management LLC now owns 748,803 shares of the software maker’s stock worth $119,262,000 after acquiring an additional 369,975 shares during the period. Alyeska Investment Group L.P. acquired a new stake in Paylocity during the third quarter worth about $104,657,000. Dimensional Fund Advisors LP raised its stake in Paylocity by 14.2% during the third quarter. Dimensional Fund Advisors LP now owns 616,747 shares of the software maker’s stock worth $98,237,000 after acquiring an additional 76,603 shares during the period. JPMorgan Chase & Co. raised its stake in Paylocity by 22.1% during the third quarter. JPMorgan Chase & Co. now owns 555,393 shares of the software maker’s stock worth $88,459,000 after acquiring an additional 100,400 shares during the period. Finally, Qube Research & Technologies Ltd raised its stake in Paylocity by 61.3% during the third quarter. Qube Research & Technologies Ltd now owns 552,313 shares of the software maker’s stock worth $87,967,000 after acquiring an additional 209,897 shares during the period. Institutional investors and hedge funds own 94.76% of the company’s stock.

Paylocity Price Performance

NASDAQ PCTY opened at $107.68 on Wednesday. Paylocity Holding Corporation has a 12 month low of $92.99 and a 12 month high of $201.97. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $5.80 billion, a PE ratio of 25.34, a P/E/G ratio of 3.15 and a beta of 0.49. The company’s 50 day simple moving average is $106.94 and its 200 day simple moving average is $129.46.

Paylocity (NASDAQ:PCTY) last posted its quarterly earnings data on Thursday, February 5th. The software maker reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.28. Paylocity had a net margin of 14.19% and a return on equity of 23.44%. The business had revenue of $416.13 million for the quarter, compared to analyst estimates of $408.37 million. During the same quarter last year, the business earned $1.52 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities research analysts forecast that Paylocity Holding Corporation will post 5.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on PCTY shares. Citizens Jmp dropped their price objective on shares of Paylocity from $245.00 to $170.00 and set a “market outperform” rating on the stock in a research note on Friday, February 6th. Citigroup reiterated an “outperform” rating on shares of Paylocity in a research note on Friday, February 6th. BTIG Research dropped their price objective on shares of Paylocity from $180.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. KeyCorp dropped their price objective on shares of Paylocity from $190.00 to $172.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 28th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Paylocity in a research note on Thursday, January 29th. Fourteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Paylocity has a consensus rating of “Moderate Buy” and a consensus price target of $172.72.

Paylocity 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.