Paylocity Holding Corporation $PCTY Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 204.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 17,307 shares of the software maker’s stock after purchasing an additional 11,628 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Paylocity were worth $2,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. NorthCrest Asset Manangement LLC boosted its holdings in Paylocity by 54.0% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 2,939 shares of the software maker’s stock valued at $441,000 after purchasing an additional 1,030 shares in the last quarter. Wedmont Private Capital purchased a new position in Paylocity in the fourth quarter worth $241,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Paylocity by 363.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 190 shares of the software maker’s stock valued at $29,000 after acquiring an additional 149 shares during the period. Union Bancaire Privee UBP SA lifted its holdings in Paylocity by 112.4% in the fourth quarter. Union Bancaire Privee UBP SA now owns 7,552 shares of the software maker’s stock valued at $1,162,000 after acquiring an additional 3,996 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Paylocity by 191.0% during the 4th quarter. GAMMA Investing LLC now owns 1,548 shares of the software maker’s stock worth $236,000 after purchasing an additional 1,016 shares in the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.

Paylocity Stock Performance

NASDAQ PCTY opened at $105.18 on Thursday. The business’s 50-day moving average price is $115.95 and its 200 day moving average price is $138.38. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.07. Paylocity Holding Corporation has a twelve month low of $100.50 and a twelve month high of $201.97. The company has a market capitalization of $5.67 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 3.13 and a beta of 0.57.

Paylocity (NASDAQ:PCTY) last released its earnings results on Thursday, February 5th. The software maker reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $408.37 million. During the same period last year, the company earned $1.52 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. On average, research analysts predict that Paylocity Holding Corporation will post 4.36 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on the stock. Robert W. Baird set a $220.00 price objective on shares of Paylocity in a research note on Friday, February 6th. Wall Street Zen cut shares of Paylocity from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd. BMO Capital Markets reduced their price target on shares of Paylocity from $185.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Stephens set a $160.00 price target on Paylocity in a research note on Friday, January 16th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Paylocity in a report on Thursday, January 29th. 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.