Two Sigma Securities LLC Makes New Investment in Paylocity Holding Corporation $PCTY

Two Sigma Securities LLC bought a new stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,980 shares of the software maker’s stock, valued at approximately $625,000.

Several other institutional investors also recently modified their holdings of PCTY. Los Angeles Capital Management LLC bought a new position in Paylocity during the fourth quarter valued at approximately $30,000. Advisory Services Network LLC bought a new stake in Paylocity in the 3rd quarter worth approximately $38,000. Optiver Holding B.V. grew its position in Paylocity by 5,925.0% in the 1st quarter. Optiver Holding B.V. now owns 241 shares of the software maker’s stock worth $26,000 after purchasing an additional 237 shares during the period. Global Retirement Partners LLC purchased a new stake in Paylocity during the 2nd quarter valued at $27,000. Finally, Basecamp Wealth Advisors LLC raised its stake in Paylocity by 4,250.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 261 shares of the software maker’s stock valued at $28,000 after buying an additional 255 shares during the last quarter. 94.76% of the stock is currently owned by institutional investors.

Paylocity Stock Down 2.6%

Shares of Paylocity stock opened at $156.02 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $8.28 billion, a price-to-earnings ratio of 31.52 and a beta of 0.45. The firm’s 50-day moving average is $133.64 and its two-hundred day moving average is $116.91. Paylocity Holding Corporation has a 1 year low of $92.99 and a 1 year high of $178.91.

Paylocity (NASDAQ:PCTY) last released its quarterly earnings data on Tuesday, August 4th. The software maker reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.22. Paylocity had a return on equity of 27.02% and a net margin of 15.23%.The business had revenue of $444.73 million during the quarter, compared to analyst estimates of $431.46 million. During the same quarter last year, the business posted $1.56 EPS. The company’s revenue was up 11.0% on a year-over-year basis. As a group, research analysts expect that Paylocity Holding Corporation will post 6.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Craig Conway sold 3,145 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $156.80, for a total transaction of $493,136.00. Following the completion of the transaction, the director owned 2,207 shares in the company, valued at $346,057.60. This represents a 58.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Andrew Cappotelli sold 2,550 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $382,066.50. Following the completion of the transaction, the senior vice president directly owned 44,329 shares in the company, valued at $6,641,814.07. This represents a 5.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 54,145 shares of company stock valued at $8,312,067. 19.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

PCTY has been the subject of a number of recent research reports. KeyCorp boosted their price objective on Paylocity from $172.00 to $178.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. TD Cowen upped their price target on shares of Paylocity from $168.00 to $177.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. BMO Capital Markets raised their price objective on shares of Paylocity from $143.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Citigroup restated a “buy” rating on shares of Paylocity in a research note on Thursday, August 6th. Finally, Stephens dropped their target price on shares of Paylocity from $160.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, May 8th. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Paylocity has an average rating of “Moderate Buy” and a consensus price target of $160.53.

Paylocity Company 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.