Livforsakringsbolaget Skandia Omsesidigt Makes New $2.21 Million Investment in Paylocity Holding Co. (NASDAQ:PCTY)

Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Paylocity Holding Co. (NASDAQ:PCTY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,100 shares of the software maker’s stock, valued at approximately $2,213,000.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in shares of Paylocity by 3.6% during the third quarter. Geode Capital Management LLC now owns 1,048,806 shares of the software maker’s stock worth $173,053,000 after purchasing an additional 36,590 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Paylocity by 81.9% during the third quarter. JPMorgan Chase & Co. now owns 856,536 shares of the software maker’s stock worth $141,303,000 after purchasing an additional 385,625 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Paylocity by 3.5% during the third quarter. Janus Henderson Group PLC now owns 517,931 shares of the software maker’s stock worth $85,444,000 after purchasing an additional 17,560 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in Paylocity by 283.8% in the third quarter. Point72 Asset Management L.P. now owns 309,761 shares of the software maker’s stock valued at $51,101,000 after buying an additional 229,057 shares during the period. Finally, Lord Abbett & CO. LLC lifted its holdings in Paylocity by 3.2% in the third quarter. Lord Abbett & CO. LLC now owns 287,264 shares of the software maker’s stock valued at $47,389,000 after buying an additional 8,878 shares during the period. 94.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PCTY. BMO Capital Markets increased their price objective on shares of Paylocity from $175.00 to $203.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. StockNews.com upgraded shares of Paylocity from a “hold” rating to a “buy” rating in a report on Saturday, December 7th. TD Cowen cut their price objective on shares of Paylocity from $235.00 to $228.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Barclays increased their price objective on shares of Paylocity from $174.00 to $180.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group upped their target price on shares of Paylocity from $215.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Paylocity currently has a consensus rating of “Moderate Buy” and an average target price of $213.86.

Insider Buying and Selling at Paylocity

In other Paylocity news, SVP Andrew Cappotelli sold 247 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $193.29, for a total value of $47,742.63. Following the transaction, the senior vice president now directly owns 14,634 shares of the company’s stock, valued at approximately $2,828,605.86. This trade represents a 1.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven I. Sarowitz sold 15,444 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $195.43, for a total transaction of $3,018,220.92. Following the completion of the transaction, the director now directly owns 9,272,906 shares in the company, valued at $1,812,204,019.58. This trade represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 127,380 shares of company stock valued at $25,830,669. Corporate insiders own 21.91% of the company’s stock.

Paylocity Stock Performance

Shares of PCTY stock opened at $212.01 on Friday. The stock has a market cap of $11.82 billion, a P/E ratio of 54.22, a P/E/G ratio of 5.03 and a beta of 0.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.32 and a quick ratio of 1.32. The company has a fifty day moving average price of $201.28 and a two-hundred day moving average price of $180.54. Paylocity Holding Co. has a one year low of $129.94 and a one year high of $215.68.

Paylocity (NASDAQ:PCTY) last issued its quarterly earnings data 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 22.92% and a net margin of 15.32%. As a group, equities analysts predict that Paylocity Holding Co. will post 4.46 EPS for the current year.

Paylocity Profile

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.