Paylocity Holding Corp (NASDAQ:PCTY) Institutional Investors Sentiment

September 8, 2018 - By Matthew Richard

Paylocity Holding Corporation (NASDAQ:PCTY) Logo

Sentiment for Paylocity Holding Corp (NASDAQ:PCTY)

Paylocity Holding Corp (NASDAQ:PCTY) institutional sentiment decreased to 1 in Q1 2018. Its down -0.68, from 1.68 in 2017Q4. The ratio dived, as 69 institutional investors increased and opened new equity positions, while 69 trimmed and sold stakes in Paylocity Holding Corp. The institutional investors in our partner’s database now possess: 27.43 million shares, up from 27.31 million shares in 2017Q4. Also, the number of institutional investors holding Paylocity Holding Corp in their top 10 equity positions increased from 0 to 1 for an increase of 1. Sold All: 15 Reduced: 54 Increased: 40 New Position: 29.

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 $4.25 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 115.16 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.

The stock increased 0.84% or $0.67 during the last trading session, reaching $80.61. About 366,403 shares traded or 29.96% up from the average. Paylocity Holding Corporation (NASDAQ:PCTY) has risen 28.17% since September 8, 2017 and is uptrending. It has outperformed by 15.60% the S&P500.

Analysts await Paylocity Holding Corporation (NASDAQ:PCTY) to report earnings on November, 1. They expect $0.05 earnings per share, up 150.00 % or $0.03 from last year’s $0.02 per share. PCTY’s profit will be $2.64M for 403.05 P/E if the $0.05 EPS becomes a reality. After $-0.01 actual earnings per share reported by Paylocity Holding Corporation for the previous quarter, Wall Street now forecasts -600.00 % EPS growth.

Fortaleza Asset Management Inc holds 1.68% of its portfolio in Paylocity Holding Corporation for 5,405 shares. Shaker Investments Llc Oh owns 50,780 shares or 1.61% of their US portfolio. Moreover, Diker Management Llc has 1.2% invested in the company for 70,000 shares. The Washington-based Zevenbergen Capital Investments Llc has invested 1.19% in the stock. Wasatch Advisors Inc, a Utah-based fund reported 1.73 million shares.

Paylocity Holding Corporation (NASDAQ:PCTY) Ratings Coverage

Ratings analysis reveals 67% of Paylocity Holding’s analysts are positive. Out of 6 Wall Street analysts rating Paylocity Holding, 4 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $58 while the high is $80. The stock’s average target of $61.33 is -23.92% below today’s ($80.61) share price. PCTY was included in 7 notes of analysts from March 12, 2018. The rating was maintained by Stifel Nicolaus on Friday, May 4 with “Buy”. The firm has “Outperform” rating given on Monday, May 7 by Robert W. Baird. RBC Capital Markets downgraded the shares of PCTY in report on Monday, April 23 to “Sector Perform” rating. SunTrust upgraded the shares of PCTY in report on Monday, March 12 to “Buy” rating. The company was maintained on Friday, August 10 by RBC Capital Markets. Wells Fargo maintained it with “Market Perform” rating and $58 target in Friday, August 10 report.

More news for Paylocity Holding Corporation (NASDAQ:PCTY) were recently published by: Seekingalpha.com, which released: “Paylocity Holding Corporation (PCTY) CEO Steve Beauchamp on Q4 2018 Results – Earnings Call Transcript” on August 10, 2018. Nasdaq.com‘s article titled: “Paylocity to Attend Upcoming Investor Conferences” and published on August 15, 2018 is yet another important article.

Paylocity Holding Corporation (NASDAQ:PCTY) Institutional Positions Chart

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