Paylocity Holding Corporation (NASDAQ:PCTY) Just Reported Increased Shorts

August 9, 2018 - By Carolyn Hewitt

Paylocity Holding Corporation (NASDAQ:PCTY) Logo

Investors sentiment decreased to 1 in 2018 Q1. Its down 0.68, from 1.68 in 2017Q4. It worsened, as 15 investors sold Paylocity Holding Corporation shares while 54 reduced holdings. 29 funds opened positions while 40 raised stakes. 27.43 million shares or 0.46% more from 27.31 million shares in 2017Q4 were reported.
Strs Ohio reported 18,800 shares. Art Lc invested 0.09% of its portfolio in Paylocity Holding Corporation (NASDAQ:PCTY). 24,595 are owned by Rhumbline Advisers. Citigroup Inc owns 11,436 shares or 0% of their US portfolio. 4,301 are held by Old Natl Comml Bank In. California State Teachers Retirement Systems has 0% invested in Paylocity Holding Corporation (NASDAQ:PCTY) for 40,366 shares. Archford Cap Strategies Limited Com invested in 18,080 shares. Diker Management Limited Liability Corp accumulated 70,000 shares. 67,700 are owned by Renaissance Technology Limited Co. Lord Abbett Commerce has 648,889 shares for 0.1% of their portfolio. Price T Rowe Associate Inc Md reported 2.90M shares. Wells Fargo Mn holds 0% in Paylocity Holding Corporation (NASDAQ:PCTY) or 79,395 shares. 27,371 were accumulated by Zacks Mgmt. Cobblestone Ltd Company accumulated 0.02% or 4,035 shares. Keybank National Association Oh stated it has 0% of its portfolio in Paylocity Holding Corporation (NASDAQ:PCTY).

The stock of Paylocity Holding Corporation (NASDAQ:PCTY) registered an increase of 4.11% in short interest. PCTY’s total short interest was 1.30 million shares in August as published by FINRA. Its up 4.11% from 1.25M shares, reported previously. With 187,800 shares average volume, it will take short sellers 7 days to cover their PCTY’s short positions. The short interest to Paylocity Holding Corporation’s float is 4.3%.

The stock increased 2.25% or $1.44 during the last trading session, reaching $65.33. About 41,267 shares traded. Paylocity Holding Corporation (NASDAQ:PCTY) has risen 28.17% since August 9, 2017 and is uptrending. It has outperformed by 15.60% the S&P500.

Paylocity Holding Corporation provides cloud payroll and human capital management software solutions for medium-sized organizations in the United States. The company has market cap of $3.44 billion. It offers Paylocity Web Pay for enterprise-grade payroll processing and administration; Paylocity Web HR for employee record management and HR compliance and reporting; Talent Management for employee performance appraisal process and performance review; Paylocity Web Time, a time and attendance solution; and Paylocity Web Expense, an expense management tool designed to streamline and automate the expense management process. It has a 100.05 P/E ratio. The firm also provides Paylocity Web Benefits and Paylocity Enterprise Benefits, which are benefit management solutions that integrate with insurance carrier systems to provide automated administrative processes and allow users to choose benefit elections and make life event changes online, summarize benefit elections, and perform other benefit-related tasks, as well as enable premium reconciliation, management of voluntary benefits, and reporting.

Paylocity Holding Corporation (NASDAQ:PCTY) Ratings Coverage

Among 4 analysts covering Paylocity Holding (NASDAQ:PCTY), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Paylocity Holding had 4 analyst reports since March 12, 2018 according to SRatingsIntel. The firm has “Outperform” rating given on Monday, May 7 by Robert W. Baird. The rating was upgraded by SunTrust to “Buy” on Monday, March 12. The firm has “Buy” rating by Stifel Nicolaus given on Friday, May 4. The stock of Paylocity Holding Corporation (NASDAQ:PCTY) earned “Sector Perform” rating by RBC Capital Markets on Monday, April 23.

More recent Paylocity Holding Corporation (NASDAQ:PCTY) news were published by: Nasdaq.com which released: “Investor Expectations to Drive Momentum within Fidelity Southern, Nektar Therapeutics, CSG Systems International …” on July 26, 2018. Also Nasdaq.com published the news titled: “Paylocity’s Retention Risk Dashboard Positioned to Improve Retention Challenges Faced by HR Professionals” on August 07, 2018. Benzinga.com‘s news article titled: “Earnings Scheduled For August 9, 2018” with publication date: August 09, 2018 was also an interesting one.

Paylocity Holding Corporation (NASDAQ:PCTY) Institutional Positions Chart

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