Are Analysts Bearish Paylocity Holding Corporation (NASDAQ:PCTY) After Last Week?

October 2, 2018 - By Winifred Garcia

Paylocity Holding Corporation (NASDAQ:PCTY) LogoInvestors sentiment increased to 1.52 in Q2 2018. Its up 0.52, from 1 in 2018Q1. It is positive, as 17 investors sold Paylocity Holding Corporation shares while 43 reduced holdings. 29 funds opened positions while 62 raised stakes. 28.76 million shares or 4.83% more from 27.43 million shares in 2018Q1 were reported.
Greenwood Capital Limited Liability Co invested in 3,799 shares or 0.05% of the stock. Rhumbline Advisers has 27,759 shares. Raymond James And Associate reported 5,796 shares stake. Tower Rech Cap (Trc) has 1,732 shares. Riverbridge Partners Lc reported 951,801 shares. Wellington Mngmt Grp Inc Limited Liability Partnership invested in 744,552 shares. Parametric Assoc Ltd holds 0% or 23,439 shares in its portfolio. Tocqueville Asset Management Ltd Partnership reported 29,050 shares or 0.02% of all its holdings. 10,873 were reported by Archford Cap Strategies Ltd Company. 11,396 are owned by Citigroup. Geode Cap Management Lc reported 298,206 shares. Gotham Asset Management Limited Com holds 6,298 shares. Diker Mgmt Lc stated it has 16,600 shares. Manufacturers Life The holds 22,038 shares or 0% of its portfolio. Palisade Capital Management Limited Liability Com Nj invested in 298,100 shares or 0.51% of the stock.

Paylocity Holding Corporation (NASDAQ:PCTY) Ratings Coverage

Among 6 analysts covering Paylocity Holding (NASDAQ:PCTY), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Paylocity Holding had 7 analyst reports since April 23, 2018 according to SRatingsIntel. As per Friday, May 4, the company rating was maintained by Stifel Nicolaus. Robert W. Baird maintained Paylocity Holding Corporation (NASDAQ:PCTY) rating on Monday, May 7. Robert W. Baird has “Outperform” rating and $60 target. The rating was maintained by Wells Fargo on Friday, August 10 with “Market Perform”. The company was maintained on Wednesday, September 26 by Bank of America. The firm earned “Sector Perform” rating on Friday, August 10 by RBC Capital Markets. The company was downgraded on Monday, April 23 by RBC Capital Markets. Below is a list of Paylocity Holding Corporation (NASDAQ:PCTY) latest ratings and price target changes.

26/09/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $73 New Target: $91 Maintain
21/08/2018 Broker: Guggenheim Rating: Buy New Target: $80 Initiates Coverage On
10/08/2018 Broker: RBC Capital Markets Old Rating: Sector Perform New Rating: Sector Perform Old Target: $68 New Target: $66 Maintain
10/08/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Market Perform Old Target: $52 New Target: $58 Maintain
07/05/2018 Broker: Robert W. Baird Old Rating: Outperform New Rating: Outperform Old Target: $56 New Target: $60 Maintain
04/05/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $50 New Target: $59 Maintain
23/04/2018 Broker: RBC Capital Markets Old Rating: Outperform New Rating: Sector Perform Old Target: $47 Downgrade

The stock decreased 1.76% or $1.39 during the last trading session, reaching $77.46. About 118,681 shares traded. Paylocity Holding Corporation (NASDAQ:PCTY) has risen 73.32% since October 2, 2017 and is uptrending. It has outperformed by 57.70% 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 $4.09 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 110.66 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.

More important recent Paylocity Holding Corporation (NASDAQ:PCTY) news were published by: Globenewswire.com which released: “Paylocity Extends Partnership with PGA Professional Patton Kizzire” on September 21, 2018, also Nasdaq.com published article titled: “5 Tiny Tech Stocks Making Huge Gains”, Nasdaq.com published: “Paylocity Honored Again as a Best Place to Work and Sell” on September 11, 2018. More interesting news about Paylocity Holding Corporation (NASDAQ:PCTY) was released by: Globenewswire.com and their article: “Paylocity adds Virginia Breen to Board of Directors” with publication date: September 17, 2018.

Paylocity Holding Corporation (NASDAQ:PCTY) Institutional Positions Chart

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