Associated Banc Corp Sells 157 Shares of Paylocity Holding Co. (NASDAQ:PCTY)

Associated Banc Corp lowered its position in Paylocity Holding Co. (NASDAQ:PCTY) by 12.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,155 shares of the software maker’s stock after selling 157 shares during the period. Associated Banc Corp’s holdings in Paylocity were worth $230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Paylocity during the 4th quarter worth approximately $29,000. Prospera Private Wealth LLC purchased a new stake in Paylocity in the third quarter worth $39,000. UMB Bank n.a. lifted its position in shares of Paylocity by 41.1% during the fourth quarter. UMB Bank n.a. now owns 247 shares of the software maker’s stock worth $49,000 after purchasing an additional 72 shares during the last quarter. Quarry LP boosted its stake in shares of Paylocity by 149.2% during the third quarter. Quarry LP now owns 309 shares of the software maker’s stock valued at $51,000 after purchasing an additional 185 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Paylocity by 489.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock worth $54,000 after purchasing an additional 225 shares during the last quarter. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Paylocity Price Performance

Shares of NASDAQ PCTY opened at $186.24 on Monday. Paylocity Holding Co. has a fifty-two week low of $129.94 and a fifty-two week high of $223.80. The company has a market cap of $10.41 billion, a PE ratio of 47.75, a P/E/G ratio of 4.49 and a beta of 0.94. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.14 and a current ratio of 1.14. The business has a 50-day simple moving average of $201.95 and a two-hundred day simple moving average of $190.43.

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

Insider Activity at Paylocity

In other Paylocity news, Director Steven I. Sarowitz sold 11,473 shares of the business’s stock in a transaction dated 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 sale, the director now owns 8,344,545 shares in the company, valued at approximately $1,697,030,116.65. The trade was a 0.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 18,566 shares of company stock valued at $3,755,321 in the last ninety days. Company insiders own 21.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PCTY shares. Jefferies Financial Group lifted their price objective on shares of Paylocity from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 7th. Stifel Nicolaus increased their price objective on Paylocity from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. UBS Group lifted their target price on Paylocity from $211.00 to $220.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Citigroup raised Paylocity from a “neutral” rating to a “buy” rating and increased their price target for the stock from $214.00 to $231.00 in a research report on Thursday, January 16th. Finally, Needham & Company LLC lifted their price objective on Paylocity from $220.00 to $250.00 and gave the company a “buy” rating in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $233.25.

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.