Paylocity Holding (NASDAQ:PCTY) Gets an Upgrade to a Hold Rating

Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. It closed at $88.64 lastly. IG Group Holdings plc (LON:IGG) has 0.00% since March 12, 2017 and is. It has underperformed by 60.94% the S&P500.The move comes after 8 months positive chart setup for the $905.56M company. Paylocity Holding Corp has a 52 week low of $34.13 and a 52 week high of $53.96. (PCTY) stake by 13.56% reported in 2017Q3 SEC filing. The Minnesota-based Riverbridge Partners Llc has invested 0.68% in the stock. (PCTY)'s stock rose 21.12%. Nationwide Fund Advisors holds 0% or 14,436 shares in its portfolio.

In other news, Director Steven I. Sarowitz sold 2,338 shares of the company's stock in a transaction dated Friday, February 23rd. The stock increased 1.59% or $0.82 during the last trading session, reaching $52.53. The shares were sold at an average price of $50.02, for a total value of $1,500,600.00. Paylocity Holding Corporation (NASDAQ:PCTY) has risen 26.16% since March 13, 2017 and is uptrending. It has outperformed by 9.46% the S&P500. Its up 0.15, from 0.64 in 2017Q2.

Paylocity Holding Corp (NASDAQ:PCTY) CEO Steven R. Beauchamp sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, March 6th.

Paylocity Holding Corp (NASDAQ PCTY) opened at $52.72 on Friday. Trexquant Inv Lp holds 0.11% or 9,265 shares in its portfolio. Alliancebernstein Limited Partnership accumulated 746,543 shares.

Paylocity Holding Corporation (NASDAQ:PCTY) had a decrease of 1.58% in short interest. The stock increased 5.66% or $1.49 during the last trading session, reaching $27.81. 224,738 were reported by Brown Advisory. Ameritas Invest Prtnrs Inc holds 0.01% or 2,282 shares in its portfolio. Oppenheimer Asset Mngmt owns 7,049 shares. It also upped Ishares stake by 12,848 shares and now owns 20,713 shares. Echo Street Capital Management Llc owns 591,231 shares or 0.98% of their United States portfolio. Menta Cap Limited Liability Corp stated it has 0.12% in Paylocity Holding Corporation (NASDAQ:PCTY). With 175,100 avg volume, 5 days are for Paylocity Holding Corporation (NASDAQ:PCTY)'s short sellers to cover PCTY's short positions. The stock of Paylocity Holding Corporation (NASDAQ:PCTY) earned "Buy" rating by Stifel Nicolaus on Friday, May 6. During the same period in the prior year, the firm earned $0.10 earnings per share. equities research analysts predict that Paylocity will post 0.3 earnings per share for the current year. PCTY's profit will be $16.30M for 44.59 P/E if the $0.31 EPS becomes a reality. The software maker reported $0.16 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.12 by $0.04.

Among 19 analysts covering Paylocity (NASDAQ:PCTY), 13 have Buy rating, 0 Sell and 6 Hold. Therefore 62% are positive. Paylocity had 44 analyst reports since August 14, 2015 according to SRatingsIntel. On Wednesday, August 2 the stock rating was maintained by Wells Fargo with "Buy". The company has a market cap of $2,770.00, a P/E ratio of 239.64, a PEG ratio of 7.93 and a beta of 2.13. The rating was initiated by Pacific Crest on Tuesday, September 20 with "Sector Weight". On Monday, March 12 the stock rating was upgraded by SunTrust to "Buy". SunTrust maintained Paylocity Holding Corporation (NASDAQ:PCTY) rating on Thursday, February 8. The firm has "Buy" rating by Northland Capital given on Friday, October 27. Finally, William Blair reaffirmed an "outperform" rating on shares of Paylocity in a research report on Friday, February 9th.

Riverbridge Partners Llc increased Wabco Holdings Inc. Landscape Cap Mngmt Ltd Llc reported 12,609 shares stake. Pdt Ptnrs Limited Com reported 95,859 shares stake.

Investors sentiment decreased to 1.68 in Q3 2017. Its up 0.20, from 1.28 in 2017Q2.

Several institutional investors have recently bought and sold shares of PCTY. 49 funds opened positions while 57 raised stakes. Cornerstone Advisors has 19,000 shares for 0.22% of their portfolio. Millennium Mgmt Lc stated it has 438,558 shares or 0.03% of all its holdings. (NYSE:AIG). Boston Prtnrs stated it has 7.84M shares. Pinebridge LP reported 37,386 shares. (NYSE:AIG) or 16,600 shares. Lord Abbett And Limited Liability Company accumulated 70,322 shares or 0.01% of the stock. (NYSE:GWRE) for 3.37 million shares. Strs Ohio holds 15,940 shares. Employees Retirement System Of Texas accumulated 78,000 shares. BidaskClub raised Paylocity from a "hold" rating to a "buy" rating in a research report on Wednesday. The company was maintained on Thursday, August 10 by Mizuho. The firm has "Buy" rating by Deutsche Bank given on Thursday, June 2. Stifel Nicolaus maintained Guidewire Software, Inc. The firm has "Hold" rating given on Tuesday, January 23 by Numis Securities. Piper Jaffray maintained Guidewire Software, Inc. The stock of Vale S.A. (NYSE:VALE) has "Hold" rating given on Thursday, July 13 by Cowen & Co. As per Tuesday, July 18, the company rating was maintained by Shore Capital. The rating was maintained by Stifel Nicolaus with "Buy" on Thursday, February 8. Salem Investment Counselors Inc bought 6,782 shares as the company's stock declined 3.42% while stock markets rallied. (NYSE:GWRE) has "Neutral" rating given on Tuesday, October 4 by Goldman Sachs. 52,700 shares valued at $2.74 million were sold by Contreras Jaime on Friday, September 22. The rating was maintained by Barclays Capital on Wednesday, January 24 with "Overweight".

Since September 14, 2017, it had 0 insider purchases, and 50 sales for $13.97 million activity. Roza Scott sold $287,605 worth of Guidewire Software, Inc. $1.48M worth of Guidewire Software, Inc. The insider Hart Richard sold 3,996 shares worth $307,873. Fortaleza Asset Management Inc. acquired a new stake in Paylocity during the fourth quarter worth about $255,000. Csx Corp (NYSE:CSX) was reduced too.

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