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

August 12, 2018 - By Joseph Norton

Paylocity Holding Corporation (NASDAQ:PCTY) LogoInvestors sentiment decreased to 1 in 2018 Q1. Its down 0.68, from 1.68 in 2017Q4. It dived, 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. Monarch Partners Asset Mngmt Limited Liability owns 135,860 shares. American Intl Group owns 16,943 shares. Fifth Third State Bank reported 1,745 shares or 0% of all its holdings. Timessquare Capital Management Limited Liability Company accumulated 947,848 shares. Peak6 Investments L P owns 9,785 shares for 0% of their portfolio. Northern Trust Corp stated it has 0.01% in Paylocity Holding Corporation (NASDAQ:PCTY). Vanguard Grp Incorporated reported 2.43 million shares. Moreover, Palisade Capital Ltd Limited Liability Company Nj has 0.42% invested in Paylocity Holding Corporation (NASDAQ:PCTY). Huntington Retail Bank accumulated 525 shares. Koch Indus accumulated 4,146 shares. Driehaus Cap Management Limited Liability Corporation invested 0.15% in Paylocity Holding Corporation (NASDAQ:PCTY). Marshall Wace Limited Liability Partnership holds 10,000 shares. Tocqueville Asset Limited Partnership has 0.02% invested in Paylocity Holding Corporation (NASDAQ:PCTY). 267,012 are held by Brown Advisory. Swiss Bancorporation invested in 49,750 shares.

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 $12.85 million, 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 Arch Cap Group Ltd (NASDAQ:ACGL) by 36.36 million shares to 54.46M shares, valued at $1.44B in 2018Q2, according to the filing. It also increased its holding in Flir Sys Inc (NASDAQ:FLIR) by 394,412 shares in the quarter, for a total of 2.10M shares, and has risen its stake in Q2 Hldgs Inc (NYSE:QTWO).

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 firm has “Sector Perform” rating given on Friday, August 10 by RBC Capital Markets. The stock of Paylocity Holding Corporation (NASDAQ:PCTY) has “Buy” rating given on Friday, May 4 by Stifel Nicolaus. The firm has “Outperform” rating given on Monday, May 7 by Robert W. Baird. As per Friday, August 10, the company rating was maintained by Wells Fargo. As per Monday, April 23, the company rating was downgraded by RBC Capital Markets. As per Monday, March 12, the company rating was upgraded by SunTrust.

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: “Paylocity Announces Fourth Quarter and Fiscal Year 2018 Financial Results” on August 09, 2018. More interesting news about Paylocity Holding Corporation (NASDAQ:PCTY) were released by: Nasdaq.com and their article: “Paylocity’s Retention Risk Dashboard Positioned to Improve Retention Challenges Faced by HR Professionals” published on August 07, 2018 as well as Globenewswire.com‘s news article titled: “Investor Expectations to Drive Momentum within Fidelity Southern, Nektar Therapeutics, CSG Systems International …” with publication date: July 26, 2018.

Paylocity Holding Corporation (NASDAQ:PCTY) Institutional Positions Chart

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