Nicholas Company Inc. Sells 95 Shares of Paylocity Holding Co. (NASDAQ:PCTY)

Nicholas Company Inc. lowered its stake in shares of Paylocity Holding Co. (NASDAQ:PCTY) by 0.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 143,553 shares of the software maker’s stock after selling 95 shares during the period. Nicholas Company Inc. owned approximately 0.26% of Paylocity worth $28,635,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of PCTY. SBI Securities Co. Ltd. bought a new position in Paylocity during the 4th quarter valued at about $29,000. Prospera Private Wealth LLC bought a new position in Paylocity during the 3rd quarter valued at about $39,000. UMB Bank n.a. lifted its stake in Paylocity by 41.1% during the 4th quarter. UMB Bank n.a. now owns 247 shares of the software maker’s stock valued at $49,000 after acquiring an additional 72 shares during the period. Quarry LP lifted its stake in Paylocity by 149.2% during the 3rd quarter. Quarry LP now owns 309 shares of the software maker’s stock valued at $51,000 after acquiring an additional 185 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in Paylocity by 489.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock valued at $54,000 after acquiring an additional 225 shares during the period. Institutional investors own 94.76% of the company’s stock.

Paylocity Trading Up 1.7 %

PCTY stock opened at $186.24 on Friday. Paylocity Holding Co. has a 1-year low of $129.94 and a 1-year high of $223.80. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $10.41 billion, a price-to-earnings ratio of 47.75, a PEG ratio of 4.49 and a beta of 0.94. The business has a 50 day simple moving average of $201.95 and a two-hundred day simple moving average of $190.22.

Paylocity (NASDAQ:PCTY) last posted its quarterly earnings results on Thursday, February 6th. The software maker reported $0.82 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.60). Paylocity had a return on equity of 22.45% and a net margin of 14.76%. Research analysts anticipate that Paylocity Holding Co. will post 4.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on PCTY. Piper Sandler reaffirmed an “overweight” rating and set a $254.00 price target (up previously from $212.00) on shares of Paylocity in a research report on Thursday, February 6th. Raymond James reaffirmed an “outperform” rating and set a $265.00 price target (up previously from $215.00) on shares of Paylocity in a research report on Friday, February 7th. JMP Securities upped their price target on shares of Paylocity from $250.00 to $270.00 and gave the company a “market outperform” rating in a research report on Friday, February 7th. Needham & Company LLC upped their price target on shares of Paylocity from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Stifel Nicolaus upped their price target on shares of Paylocity from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $233.25.

Insider Activity

In other news, Director Steven I. Sarowitz sold 11,473 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $203.37, for a total transaction of $2,333,264.01. Following the completion of the transaction, the director now directly owns 8,344,545 shares in the company, valued at approximately $1,697,030,116.65. This represents a 0.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 18,566 shares of company stock worth $3,755,321. 21.91% of the stock is currently owned by insiders.

About Paylocity

Paylocity Holding Corporation engages in the provision of cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers payroll software solution for global payroll, expense management, tax services, on demand payment, and garnishment managed services; and time and labor management software for time and attendance, scheduling, and time collection.