Weatherbie Capital Lowers stake in Paylocity Holding Corp (PCTY)

Paylocity Holding Corp (PCTY) : Weatherbie Capital reduced its stake in Paylocity Holding Corp by 39.42% during the most recent quarter end. The investment management company now holds a total of 688,598 shares of Paylocity Holding Corp which is valued at $31,358,753 after selling 448,010 shares in Paylocity Holding Corp , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Paylocity Holding Corp makes up approximately 4.09% of Weatherbie Capital’s portfolio.

Other Hedge Funds, Including , Alliancebernstein reduced its stake in PCTY by selling 317,303 shares or 29.19% in the most recent quarter. The Hedge Fund company now holds 769,699 shares of PCTY which is valued at $35,052,092. Paylocity Holding Corp makes up approx 0.03% of Alliancebernstein’s portfolio. Eam Investors sold out all of its stake in PCTY during the most recent quarter. The investment firm sold 63,084 shares of PCTY which is valued $2,980,719. Quantbot Technologies Lp sold out all of its stake in PCTY during the most recent quarter. The investment firm sold 218 shares of PCTY which is valued $10,035. Sumitomo Mitsui Asset Management Company Ltd added PCTY to its portfolio by purchasing 65,035 company shares during the most recent quarter which is valued at $2,903,162. Paylocity Holding Corp makes up approx 0.08% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.

Paylocity Holding Corp opened for trading at $43.42 and hit $44.48 on the upside on Tuesday, eventually ending the session at $44.4, with a gain of 2.97% or 1.28 points. The heightened volatility saw the trading volume jump to 1,72,240 shares. Company has a market cap of $2,271 M.

On the company’s financial health, Paylocity Holding Corp reported $-0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $-0.04. The company had revenue of $59.80 million for the quarter, compared to analysts expectations of $57.64 million. The company’s revenue was up 49.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.03 EPS.

Many Wall Street Analysts have commented on Paylocity Holding Corp. Company shares were Reiterated by Deutsche Bank on Aug 10, 2016 to “Buy”, Firm has raised the Price Target to $ 55 from a previous price target of $52 .Company shares were Reiterated by Stifel on Aug 10, 2016 to “Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $43 .First Analysis Sec Downgraded Paylocity Holding Corp on Jul 8, 2016 to ” Equal-Weight”, Price Target of the shares are set at $42.

Paylocity Holding Corporation is a cloud-based provider of payroll and human capital management (HCM) software solutions for medium-sized organizations. The Company’s solutions enable its clients to manage their workforce. Its multi-tenant software platform is configurable and includes a suite of payroll and HCM applications such as time and labor tracking benefits and talent management. Its payroll and HCM applications use a unified database and provide on-demand reporting and analytics. The Company’s platform provides intuitive self-service functionality for employees and managers combined with seamless integration across all its solutions. The Company markets and sells its products primarily through its direct sales force. Its products include Paylocity Web Pay Paylocity Affordable Care Act Enhanced Paylocity Impressions Performance Management Paylocity Web Onboarding Paylocity Web Time and Paylocity Web Benefits and Paylocity Enterprise Benefits powered by bswift.

Leave a Reply

Paylocity Holding Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Paylocity Holding Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.