Artisan Partners Limited Partnership Decreased Paylocity Hldg Corp (NASDAQ:PCTY) Stake By $23.32 Million

August 12, 2018 - By Mary Gaskins

Paylocity Holding Corporation (NASDAQ:PCTY) LogoInvestors sentiment decreased to 1 in Q1 2018. Its down 0.68, from 1.68 in 2017Q4. It is negative, as 15 investors sold PCTY shares while 54 reduced holdings. 29 funds opened positions while 40 raised stakes. 27.43 million shares or 0.46% more from 27.31 million shares in 2017Q4 were reported. California State Teachers Retirement Systems has 40,366 shares. Royal State Bank Of Canada holds 0.02% or 870,958 shares in its portfolio. Invesco holds 0% or 7,824 shares in its portfolio. 100 are owned by Numerixs Inv Technologies. Fincl Bank Of America Corp De has 276,019 shares for 0% of their portfolio. Massmutual Trust Fsb Adv invested in 50 shares or 0% of the stock. Tocqueville Asset Mgmt Lp stated it has 0.02% of its portfolio in Paylocity Holding Corporation (NASDAQ:PCTY). Bankshares Of New York Mellon holds 289,925 shares. Ameritas Invest holds 2,282 shares or 0.01% of its portfolio. Gsa Capital Prtnrs Ltd Liability Partnership, United Kingdom-based fund reported 11,219 shares. 442,930 are owned by Massachusetts Fin Co Ma. Barclays Pcl accumulated 0% or 9,904 shares. Illinois-based Driehaus Cap Limited has invested 0.15% in Paylocity Holding Corporation (NASDAQ:PCTY). Fred Alger Mngmt Inc invested in 1.02M shares. Nomura Hldgs has invested 0% in Paylocity Holding Corporation (NASDAQ:PCTY).

Artisan Partners Limited Partnership decreased its stake in Paylocity Hldg Corp (NASDAQ:PCTY) by 64.81% based on its latest 2018Q2 regulatory filing with the SEC. Artisan Partners Limited Partnership sold 402,036 shares as the company’s stock rose 25.68% while stock markets declined. The institutional investor held 218,310 shares of the prepackaged software company at the end of 2018Q2, valued at $12.85M, down from 620,346 at the end of the previous reported quarter. Artisan Partners Limited Partnership who had been investing in Paylocity Hldg Corp for a number of months, seems to be less bullish one the $3.56B market cap company. The stock increased 5.62% or $3.6 during the last trading session, reaching $67.65. About 724,178 shares traded or 208.07% up from the average. Paylocity Holding Corporation (NASDAQ:PCTY) has risen 28.17% since August 13, 2017 and is uptrending. It has outperformed by 15.60% the S&P500.

Artisan Partners Limited Partnership, which manages about $49.86B US Long portfolio, upped its stake in Expedia Group Inc (NASDAQ:EXPE) by 4.16M shares to 5.45 million shares, valued at $654.54 million in 2018Q2, according to the filing. It also increased its holding in Visteon Corp (NYSE:VC) by 99,216 shares in the quarter, for a total of 636,173 shares, and has risen its stake in Atlassian Corp Plc ().

Artisan Partners Limited Partnership is a Wisconsin-based institutional investor with more than $105.00 billion AUM in March, 2014. Artisan Partners Limited Partnership is the 46th largest institutional investor in our database. Taken from Artisan Partners Limited latest Adv, the fund reported to have 264 full and part-time employees. Among which 65 performing investment advisory and research functions. The institutional investor had more than 200 clients.

Paylocity Holding Corporation (NASDAQ:PCTY) Ratings Coverage

Among 5 analysts covering Paylocity Holding (NASDAQ:PCTY), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Paylocity Holding had 6 analyst reports since March 12, 2018 according to SRatingsIntel. The stock of Paylocity Holding Corporation (NASDAQ:PCTY) has “Sector Perform” rating given on Monday, April 23 by RBC Capital Markets. As per Friday, August 10, the company rating was maintained by RBC Capital Markets. The stock has “Outperform” rating by Robert W. Baird on Monday, May 7. On Friday, May 4 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was maintained by Wells Fargo on Friday, August 10 with “Market Perform”. The firm has “Buy” rating by SunTrust given on Monday, March 12.

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 $3.56 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 103.6 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 notable recent Paylocity Holding Corporation (NASDAQ:PCTY) news were published by: Nasdaq.com which released: “Paylocity Announces Conference Call to Review Fourth Quarter and Fiscal Year 2018 Financial Results” on July 23, 2018, also Benzinga.com with their article: “Earnings Scheduled For August 9, 2018” published on August 09, 2018, Globenewswire.com published: “Investor Expectations to Drive Momentum within Fidelity Southern, Nektar Therapeutics, CSG Systems International …” on July 26, 2018. More interesting news about Paylocity Holding Corporation (NASDAQ:PCTY) were released by: Globenewswire.com and their article: “Paylocity Announces Fourth Quarter and Fiscal Year 2018 Financial Results” published on August 09, 2018 as well as Seekingalpha.com‘s news article titled: “Paylocity Holding Corporation (PCTY) CEO Steve Beauchamp on Q4 2018 Results – Earnings Call Transcript” with publication date: August 10, 2018.

Paylocity Holding Corporation (NASDAQ:PCTY) Institutional Positions Chart

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