350 Shares in Paylocity Holding Co. (NASDAQ:PCTY) Bought by Johnson Financial Group Inc.

Johnson Financial Group Inc. bought a new stake in Paylocity Holding Co. (NASDAQ:PCTY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 350 shares of the software maker’s stock, valued at approximately $72,000.

A number of other institutional investors have also added to or reduced their stakes in PCTY. JPMorgan Chase & Co. increased its stake in Paylocity by 81.9% in the third quarter. JPMorgan Chase & Co. now owns 856,536 shares of the software maker’s stock valued at $141,303,000 after acquiring an additional 385,625 shares during the last quarter. FMR LLC increased its holdings in shares of Paylocity by 138.5% in the fourth quarter. FMR LLC now owns 650,599 shares of the software maker’s stock worth $129,775,000 after buying an additional 377,835 shares during the period. Invesco Ltd. increased its holdings in shares of Paylocity by 31.7% in the fourth quarter. Invesco Ltd. now owns 1,332,213 shares of the software maker’s stock worth $265,737,000 after buying an additional 320,319 shares during the period. American Century Companies Inc. increased its holdings in shares of Paylocity by 190.0% in the fourth quarter. American Century Companies Inc. now owns 349,797 shares of the software maker’s stock worth $69,774,000 after buying an additional 229,179 shares during the period. Finally, Anomaly Capital Management LP purchased a new position in shares of Paylocity in the fourth quarter worth about $19,105,000. Institutional investors own 94.76% of the company’s stock.

Paylocity Price Performance

PCTY stock opened at $189.82 on Tuesday. The firm has a 50 day moving average price of $190.10 and a 200-day moving average price of $195.91. Paylocity Holding Co. has a 52-week low of $129.94 and a 52-week high of $223.80. The firm has a market capitalization of $10.61 billion, a price-to-earnings ratio of 48.67, a PEG ratio of 4.49 and a beta of 0.76. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.14 and a current ratio of 1.14.

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

Insider Buying and Selling

In related news, Director Steven I. Sarowitz sold 26,252 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $194.91, for a total value of $5,116,777.32. Following the completion of the transaction, the director now directly owns 420,000 shares in the company, valued at $81,862,200. The trade was a 5.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 21.91% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Barclays decreased their price objective on Paylocity from $231.00 to $204.00 and set an “equal weight” rating on the stock in a report on Monday, April 21st. StockNews.com downgraded Paylocity from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Stifel Nicolaus raised their target price on Paylocity from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. TD Cowen cut their target price on Paylocity from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, Scotiabank assumed coverage on Paylocity in a research note on Wednesday, April 16th. They issued a “sector perform” rating and a $190.00 target price on the stock. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $226.47.

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.