Paylocity Holding Corp (NASDAQ:PCTY) Stock Sentiment Improves

December 20, 2017 - By Adrian Erickson

 Paylocity Holding Corp (NASDAQ:PCTY) Stock Sentiment  Improves

Sentiment for Paylocity Holding Corp (NASDAQ:PCTY)

Paylocity Holding Corp (NASDAQ:PCTY) institutional sentiment increased to 1.49 in Q2 2017. Its up 0.44, from 1.05 in 2017Q1. The ratio is positive, as 76 investment managers opened new and increased stock positions, while 51 cut down and sold their stock positions in Paylocity Holding Corp. The investment managers in our partner’s database now hold: 26.14 million shares, down from 26.91 million shares in 2017Q1. Also, the number of investment managers holding Paylocity Holding Corp in their top 10 stock positions decreased from 2 to 0 for a decrease of 2. Sold All: 13 Reduced: 38 Increased: 42 New Position: 34.

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 $2.46 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 267.89 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 decreased 2.70% or $1.3 during the last trading session, reaching $46.88. About 207,735 shares traded. Paylocity Holding Corporation (NASDAQ:PCTY) has risen 26.16% since December 20, 2016 and is uptrending. It has outperformed by 9.46% the S&P500.

Analysts await Paylocity Holding Corporation (NASDAQ:PCTY) to report earnings on February, 1. They expect $-0.01 earnings per share, up 50.00 % or $0.01 from last year’s $-0.02 per share. After $0.02 actual earnings per share reported by Paylocity Holding Corporation for the previous quarter, Wall Street now forecasts -150.00 % negative EPS growth.

Shearlink Capital Llc holds 3.81% of its portfolio in Paylocity Holding Corporation for 191,318 shares. Echo Street Capital Management Llc owns 440,102 shares or 0.74% of their US portfolio. Moreover, Riverbridge Partners Llc has 0.71% invested in the company for 816,851 shares. The Massachusetts-based Granahan Investment Management Inc Ma has invested 0.62% in the stock. Segantii Capital Management Ltd, a Hong Kong-based fund reported 50,000 shares.#img1#

Paylocity Holding Corporation (NASDAQ:PCTY) Ratings Coverage

Ratings analysis reveals 67% of Paylocity’s analysts are positive. Out of 18 Wall Street analysts rating Paylocity, 12 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $39 while the high is $60.0. The stock’s average target of $51.85 is 10.60% above today’s ($46.88) share price. PCTY was included in 40 notes of analysts from August 14, 2015. Mizuho maintained Paylocity Holding Corporation (NASDAQ:PCTY) rating on Thursday, October 12. Mizuho has “Hold” rating and $45.0 target. The rating was initiated by Craig Hallum on Tuesday, March 8 with “Buy”. RBC Capital Markets upgraded it to “Outperform” rating and $47 target in Tuesday, March 28 report. Mizuho maintained Paylocity Holding Corporation (NASDAQ:PCTY) on Thursday, August 10 with “Hold” rating. As per Tuesday, January 26, the company rating was downgraded by Bank of America. Northland Capital maintained the shares of PCTY in report on Friday, November 20 with “Outperform” rating. The rating was maintained by Needham on Friday, August 14 with “Buy”. The rating was maintained by Needham with “Buy” on Friday, February 3. The stock of Paylocity Holding Corporation (NASDAQ:PCTY) has “Overweight” rating given on Friday, November 4 by First Analysis. The stock of Paylocity Holding Corporation (NASDAQ:PCTY) has “Hold” rating given on Thursday, September 21 by KeyBanc Capital Markets.

More important recent Paylocity Holding Corporation (NASDAQ:PCTY) news were published by: Seekingalpha.com which released: “Paylocity Is Still Attractive Longer Term” on September 28, 2017, also Seekingalpha.com published article titled: “Paylocity Holding’s (PCTY) CEO Steve Beauchamp on Q4 2017 Results – Earnings …”, Seekingalpha.com published: “Paylocity announces Michael Haske’s promotion to President & COO” on August 18, 2017. More interesting news about Paylocity Holding Corporation (NASDAQ:PCTY) was released by: Seekingalpha.com and their article: “Paylocity Holding’s (PCTY) CEO Steve Beauchamp on Q1 2018 Results – Earnings …” with publication date: November 04, 2017.

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