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

August 12, 2018 - By Megan Stone

Paylocity Holding Corporation (NASDAQ:PCTY) LogoInvestors sentiment decreased to 1 in Q1 2018. Its down 0.68, from 1.68 in 2017Q4. It worsened, 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. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0% of its portfolio in Paylocity Holding Corporation (NASDAQ:PCTY). Moreover, Price T Rowe Associates Md has 0.02% invested in Paylocity Holding Corporation (NASDAQ:PCTY). Massmutual Tru Fsb Adv invested 0% of its portfolio in Paylocity Holding Corporation (NASDAQ:PCTY). Employees Retirement Of Ohio holds 87,851 shares or 0.02% of its portfolio. Zacks Invest Mngmt stated it has 0.03% of its portfolio in Paylocity Holding Corporation (NASDAQ:PCTY). California State Teachers Retirement Sys holds 40,366 shares. Artisan Prtnrs Ltd Partnership holds 620,346 shares or 0.06% of its portfolio. Parametrica Mngmt Ltd accumulated 4,960 shares. Citadel Ltd Limited Liability Company has 0% invested in Paylocity Holding Corporation (NASDAQ:PCTY). Winslow Evans And Crocker Inc has invested 0% in Paylocity Holding Corporation (NASDAQ:PCTY). Ameriprise Fincl has 0% invested in Paylocity Holding Corporation (NASDAQ:PCTY). Alliancebernstein Lp holds 0.04% of its portfolio in Paylocity Holding Corporation (NASDAQ:PCTY) for 953,091 shares. Nordea Investment, a Sweden-based fund reported 60,930 shares. 244,516 were reported by Palisade Cap Limited Liability Company Nj. 1832 Asset Mngmt Ltd Partnership reported 0.01% of its portfolio 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 $12.85 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 $49.86 billion US Long portfolio, upped its stake in Credicorp Ltd (NYSE:BAP) by 142,635 shares to 212,571 shares, valued at $47.85 million in 2018Q2, according to the filing. It also increased its holding in Oracle Corp (NYSE:ORCL) by 584,748 shares in the quarter, for a total of 15.66 million shares, and has risen its stake in Telefonica Brasil Sa ().

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. As per Monday, March 12, the company rating was upgraded by SunTrust. As per Friday, May 4, the company rating was maintained by Stifel Nicolaus. The firm has “Sector Perform” rating given on Monday, April 23 by RBC Capital Markets. On Monday, May 7 the stock rating was maintained by Robert W. Baird with “Outperform”. On Friday, August 10 the stock rating was maintained by Wells Fargo with “Market Perform”. On Friday, August 10 the stock rating was maintained by RBC Capital Markets with “Sector Perform”.

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: which released: “Paylocity Holding Corporation (PCTY) CEO Steve Beauchamp on Q4 2018 Results – Earnings Call Transcript” on August 10, 2018, also with their article: “Investor Expectations to Drive Momentum within Fidelity Southern, Nektar Therapeutics, CSG Systems International …” published on July 26, 2018, 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: 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‘s news article titled: “Paylocity Announces Conference Call to Review Fourth Quarter and Fiscal Year 2018 Financial Results” with publication date: July 23, 2018.

Paylocity Holding Corporation (NASDAQ:PCTY) Institutional Positions Chart

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