XTX Topco Ltd Purchases 6,187 Shares of Paylocity Holding Co. (NASDAQ:PCTY)

XTX Topco Ltd lifted its position in Paylocity Holding Co. (NASDAQ:PCTY) by 353.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,936 shares of the software maker’s stock after acquiring an additional 6,187 shares during the period. XTX Topco Ltd’s holdings in Paylocity were worth $1,046,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. J.Safra Asset Management Corp raised its position in shares of Paylocity by 80.0% in the 1st quarter. J.Safra Asset Management Corp now owns 243 shares of the software maker’s stock worth $42,000 after acquiring an additional 108 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Paylocity in the 4th quarter worth approximately $41,000. Rothschild Investment LLC bought a new position in Paylocity during the 2nd quarter valued at approximately $40,000. GAMMA Investing LLC increased its position in Paylocity by 34.7% during the 1st quarter. GAMMA Investing LLC now owns 303 shares of the software maker’s stock valued at $52,000 after buying an additional 78 shares in the last quarter. Finally, RiverPark Advisors LLC increased its position in Paylocity by 152.0% during the 1st quarter. RiverPark Advisors LLC now owns 383 shares of the software maker’s stock valued at $66,000 after buying an additional 231 shares in the last quarter. Institutional investors own 94.76% of the company’s stock.

Paylocity Price Performance

PCTY stock opened at $162.58 on Friday. The company has a market cap of $9.17 billion, a P/E ratio of 47.26, a price-to-earnings-growth ratio of 3.80 and a beta of 0.94. Paylocity Holding Co. has a 1 year low of $129.94 and a 1 year high of $206.28. The stock’s fifty day moving average price is $154.14 and its 200-day moving average price is $154.76.

Paylocity (NASDAQ:PCTY) last released its quarterly earnings results on Thursday, August 1st. The software maker reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.19. The firm had revenue of $357.30 million for the quarter, compared to the consensus estimate of $350.29 million. Paylocity had a return on equity of 22.17% and a net margin of 14.74%. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period last year, the business posted $0.76 EPS. As a group, analysts expect that Paylocity Holding Co. will post 4.51 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on PCTY. Stifel Nicolaus reduced their price objective on Paylocity from $205.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, June 5th. Jefferies Financial Group reduced their price objective on Paylocity from $180.00 to $145.00 and set a “hold” rating for the company in a research report on Monday, June 24th. KeyCorp reduced their price objective on Paylocity from $200.00 to $171.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. TD Cowen reduced their price objective on Paylocity from $180.00 to $153.00 and set a “buy” rating for the company in a research report on Thursday, June 20th. Finally, BTIG Research reduced their price objective on Paylocity from $200.00 to $185.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Paylocity has an average rating of “Moderate Buy” and a consensus price target of $179.13.

Insider Activity at Paylocity

In related news, CEO Steven R. Beauchamp sold 49,442 shares of Paylocity stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $142.68, for a total transaction of $7,054,384.56. Following the transaction, the chief executive officer now directly owns 1,745,022 shares in the company, valued at $248,979,738.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Steven R. Beauchamp sold 49,442 shares of Paylocity stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $142.68, for a total transaction of $7,054,384.56. Following the transaction, the chief executive officer now directly owns 1,745,022 shares in the company, valued at $248,979,738.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ryan Glenn sold 1,400 shares of Paylocity stock in a transaction on Monday, July 15th. The shares were sold at an average price of $140.06, for a total value of $196,084.00. Following the transaction, the chief financial officer now owns 31,074 shares in the company, valued at $4,352,224.44. The disclosure for this sale can be found here. 22.50% of the stock is owned by company insiders.

Paylocity Company Profile

Paylocity Holding Corporation provides cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers Payroll and Tax Services solution to simplifies payroll, automates processes, and manages compliance requirements within one system; and expense management, on demand payment, and garnishment solutions.