Paylocity Holding Corporation (PCTY) Can’t Burn Your Short Portfolio. Has Another Weak Session

Paylocity Holding Corporation (NASDAQ:PCTY) Logo

Investors sentiment increased to 1.88 in Q2 2019. Its up 0.22, from 1.66 in 2019Q1. It improved, as 18 investors sold Paylocity Holding Corporation shares while 56 reduced holdings. 56 funds opened positions while 83 raised stakes. 31.00 million shares or 2.54% more from 30.24 million shares in 2019Q1 were reported.
Aperio Group Limited Liability Corp reported 2,479 shares or 0% of all its holdings. 20,897 were reported by Sterling Mgmt Ltd Limited Liability Company. Jefferies Gru Limited Company stated it has 2,781 shares or 0% of all its holdings. Gotham Asset Mgmt Llc owns 55,040 shares for 0.08% of their portfolio. Kennedy Mgmt Inc reported 0.05% in Paylocity Holding Corporation (NASDAQ:PCTY). Fmr Limited Liability Company reported 746,487 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 1,799 shares or 0% of its portfolio. New York-based Blackrock Inc has invested 0.01% in Paylocity Holding Corporation (NASDAQ:PCTY). Jacobs Levy Equity holds 17,920 shares or 0.02% of its portfolio. Moreover, Century has 0.02% invested in Paylocity Holding Corporation (NASDAQ:PCTY). Twin Tree Management Ltd Partnership invested 0% in Paylocity Holding Corporation (NASDAQ:PCTY). Palisade Capital Mgmt Limited Liability Co Nj holds 0.16% or 54,815 shares. International has invested 0% in Paylocity Holding Corporation (NASDAQ:PCTY). 525,924 are owned by Millennium Management Ltd Llc. Timessquare Management Ltd Llc holds 1.07% or 1.48 million shares in its portfolio.

The stock of Paylocity Holding Corporation (NASDAQ:PCTY) is a huge mover today! The stock decreased 3.17% or $3.12 during the last trading session, reaching $95.3. About 185,319 shares traded. Paylocity Holding Corporation (NASDAQ:PCTY) has risen 76.47% since September 13, 2018 and is uptrending. It has outperformed by 76.47% the S&P500.
The move comes after 8 months negative chart setup for the $5.06 billion company. It was reported on Sep, 13 by Barchart.com. We have $86.72 PT which if reached, will make NASDAQ:PCTY worth $455.31M less.

Analysts await Paylocity Holding Corporation (NASDAQ:PCTY) to report earnings on November, 7. They expect $0.12 earnings per share, up 100.00 % or $0.06 from last year’s $0.06 per share. PCTY’s profit will be $6.37M for 198.54 P/E if the $0.12 EPS becomes a reality. After $0.20 actual earnings per share reported by Paylocity Holding Corporation for the previous quarter, Wall Street now forecasts -40.00 % negative EPS growth.

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 has $12500 highest and $104 lowest target. $115’s average target is 20.67% above currents $95.3 stock price. Paylocity Holding had 7 analyst reports since April 17, 2019 according to SRatingsIntel. The rating was maintained by Raymond James with “Outperform” on Friday, May 17. On Friday, August 9 the stock rating was maintained by SunTrust with “Buy”. The firm has “Overweight” rating given on Thursday, June 20 by KeyBanc Capital Markets. The firm has “Overweight” rating by KeyBanc Capital Markets given on Monday, July 29.

More notable recent Paylocity Holding Corporation (NASDAQ:PCTY) news were published by: Seekingalpha.com which released: “Paylocity Q4 2019 Earnings Preview – Seeking Alpha” on August 07, 2019, also Finance.Yahoo.com with their article: “Is There Now An Opportunity In Paylocity Holding Corporation (NASDAQ:PCTY)? – Yahoo Finance” published on June 24, 2019, Finance.Yahoo.com published: “Paylocity Holding’s (NASDAQ:PCTY) Wonderful 420% Share Price Increase Shows How Capitalism Can Build Wealth – Yahoo Finance” on July 24, 2019. More interesting news about Paylocity Holding Corporation (NASDAQ:PCTY) were released by: Nasdaq.com and their article: “MongoDB (MDB) Q2 Loss Narrows, Revenues Up on Atlas Growth – Nasdaq” published on September 05, 2019 as well as Investorplace.com‘s news article titled: “5 Top-Ranked, Large-Cap Internet Stocks to Buy – Investorplace.com” with publication date: September 10, 2019.

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 $5.06 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 98.25 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) Institutional Positions Chart

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