Zevenbergen Capital Investments Has Cut Paylocity Holding (PCTY) Holding by $4.95 Million; Stock Value Declined; Portolan Capital Management Decreased Its Holding in Conns (CONN) by $320,950 as Shares Declined

Paylocity Holding Corporation (NASDAQ:PCTY) Logo

Portolan Capital Management Llc decreased its stake in Conns Inc. (CONN) by 3.29% based on its latest 2018Q3 regulatory filing with the SEC. Portolan Capital Management Llc sold 9,170 shares as the company’s stock declined 35.24% with the market. The hedge fund held 269,206 shares of the consumer services company at the end of 2018Q3, valued at $9.52 million, down from 278,376 at the end of the previous reported quarter. Portolan Capital Management Llc who had been investing in Conns Inc. for a number of months, seems to be less bullish one the $691.67M market cap company. The stock increased 0.09% or $0.02 during the last trading session, reaching $21.8. About 297,278 shares traded. Conn's, Inc. (NASDAQ:CONN) has declined 28.76% since February 17, 2018 and is downtrending. It has underperformed by 28.76% the S&P500. Some Historical CONN News: 05/04/2018 – Conn’s Sees FY Same Store Sales Dn 3%-5%; 09/03/2018 Conn’s Closes Above 50-Day Moving Average: Technicals; 11/04/2018 – Fitch Affirms Conn’s Receivables Funding 2017-A; 24/05/2018 – CONN’S, REPORTS CLOSING OF AMENDED-RESTATED $650M CREDIT LINE; 28/03/2018 – American Greed First Look: ‘Conn’s Job’; 05/04/2018 – Conn’s 4Q Rev $420.4M; 05/04/2018 – CONN’S INC – QTRLY TOTAL REVENUES $420.4 MLN VS $432.8 MLN; 05/04/2018 – CONN’S INC – DURING FISCAL YEAR 2019, CO PLANS TO OPEN BETWEEN FIVE AND NINE NEW STORES IN EXISTING STATES; 24/05/2018 – CONN’S, REPORTS CLOSING OF AMENDED & RESTATED $650M CREDIT LINE; 18/04/2018 – Conn’s at Company Marketing Hosted By Stephens Inc. Today

Zevenbergen Capital Investments Llc decreased its stake in Paylocity Holding Corporation (PCTY) by 10.33% based on its latest 2018Q3 regulatory filing with the SEC. Zevenbergen Capital Investments Llc sold 61,835 shares as the company’s stock declined 22.99% with the market. The institutional investor held 536,730 shares of the prepackaged software company at the end of 2018Q3, valued at $43.11 million, down from 598,565 at the end of the previous reported quarter. Zevenbergen Capital Investments Llc who had been investing in Paylocity Holding Corporation for a number of months, seems to be less bullish one the $4.46 billion market cap company. The stock increased 0.64% or $0.54 during the last trading session, reaching $84.36. About 277,065 shares traded or 11.23% up from the average. Paylocity Holding Corporation (NASDAQ:PCTY) has risen 39.36% since February 17, 2018 and is uptrending. It has outperformed by 39.36% the S&P500. Some Historical PCTY News: 03/05/2018 – PAYLOCITY HOLDING CORP PCTY.O SEES FY 2018 REVENUE $373.5 MLN TO $374.5 MLN; 03/05/2018 – Paylocity Holding 3Q EPS 71c; 10/05/2018 – Paylocity Presenting at Conference Jun 6; 15/05/2018 – Zevenbergen Capital Investments Buys 1.1% Position in Paylocity; 03/05/2018 – PAYLOCITY HOLDING 3Q EPS 27C; 08/03/2018 – PAYLOCITY BUYS THIRD-PARTY BENEFITS ADMINISTRATOR BENEFLEX; 08/03/2018 – PAYLOCITY – ACQUISITION OF SUBSTANTIALLY ALL ASSETS OF BENEFLEX HR RESOURCES IN ALL-CASH TRANSACTION; 19/04/2018 – DJ Paylocity Holding Corp, Inst Holders, 1Q 2018 (PCTY); 15/05/2018 – Royal Bank of Canada Adds Paylocity, Exits Rockwell Collins: 13F; 03/05/2018 – Paylocity Holding 3Q Rev $113.4M

Zevenbergen Capital Investments Llc, which manages about $2.92B and $3.15 billion US Long portfolio, upped its stake in Take (NASDAQ:TTWO) by 73,870 shares to 302,380 shares, valued at $41.73 million in 2018Q3, according to the filing. It also increased its holding in Nevro Corp. by 5,750 shares in the quarter, for a total of 673,480 shares, and has risen its stake in Monolithic Power Systems Inc. (NASDAQ:MPWR).

Among 21 analysts covering Paylocity (NASDAQ:PCTY), 12 have Buy rating, 0 Sell and 9 Hold. Therefore 57% are positive. Paylocity had 56 analyst reports since August 14, 2015 according to SRatingsIntel. The firm has “Buy” rating by Bank of America given on Friday, February 3. The rating was initiated by Oppenheimer on Friday, December 2 with “Perform”. Stifel Nicolaus initiated the shares of PCTY in report on Tuesday, September 29 with “Buy” rating. RBC Capital Markets maintained it with “Buy” rating and $56.0 target in Sunday, September 3 report. The stock of Paylocity Holding Corporation (NASDAQ:PCTY) earned “Sector Perform” rating by RBC Capital Markets on Monday, April 23. The rating was maintained by SunTrust with “Hold” on Thursday, February 8. As per Thursday, February 8, the company rating was maintained by RBC Capital Markets. The firm earned “Underperform” rating on Tuesday, January 26 by Bank of America. JMP Securities maintained it with “Market Outperform” rating and $55 target in Wednesday, August 10 report. The stock of Paylocity Holding Corporation (NASDAQ:PCTY) has “Buy” rating given on Wednesday, October 18 by Needham.

More notable recent Paylocity Holding Corporation (NASDAQ:PCTY) news were published by: Globenewswire.com which released: “Paylocity Launches Integration Marketplace Nasdaq:PCTY – GlobeNewswire” on July 02, 2018, also Nasdaq.com with their article: “PCTY Crosses Below Key Moving Average Level – Nasdaq” published on November 19, 2018, Globenewswire.com published: “Paylocity CEO Steve Beauchamp Named a Glassdoor Top CEO in 2018 – GlobeNewswire” on June 20, 2018. More interesting news about Paylocity Holding Corporation (NASDAQ:PCTY) were released by: Benzinga.com and their article: “Paylocity (NASDAQ:PCTY) Notches Upgrade On Projections Of Sustained Revenue Growth – Benzinga” published on March 12, 2018 as well as Globenewswire.com‘s news article titled: “Paylocity Announces First Quarter Fiscal Year 2019 Financial Results – GlobeNewswire” with publication date: November 01, 2018.

Investors sentiment increased to 1.6 in 2018 Q3. Its up 0.08, from 1.52 in 2018Q2. It improved, as 12 investors sold PCTY shares while 55 reduced holdings. 50 funds opened positions while 57 raised stakes. 28.90 million shares or 0.49% more from 28.76 million shares in 2018Q2 were reported. Mackay Shields Lc invested 0% of its portfolio in Paylocity Holding Corporation (NASDAQ:PCTY). Moreover, Gideon Cap Advsrs Incorporated has 0.29% invested in Paylocity Holding Corporation (NASDAQ:PCTY). 2,822 are owned by Atria Invs Llc. Brown Advisory Incorporated invested in 544,427 shares. Bancorp Of America Corp De has 0% invested in Paylocity Holding Corporation (NASDAQ:PCTY). Oppenheimer Asset Management holds 0.03% or 17,415 shares. Rhumbline Advisers holds 0% of its portfolio in Paylocity Holding Corporation (NASDAQ:PCTY) for 25,839 shares. Gsa Capital Limited Liability Partnership holds 0.05% of its portfolio in Paylocity Holding Corporation (NASDAQ:PCTY) for 10,819 shares. Da Davidson holds 7,125 shares or 0.01% of its portfolio. California Public Employees Retirement System holds 41,281 shares or 0% of its portfolio. Aqr Mngmt Limited Liability Com has invested 0% of its portfolio in Paylocity Holding Corporation (NASDAQ:PCTY). Citadel Advisors Ltd Com holds 0% in Paylocity Holding Corporation (NASDAQ:PCTY) or 109,830 shares. Etrade Cap Management Ltd Limited Liability Company owns 8,132 shares for 0.02% of their portfolio. Echo Street Mngmt Ltd Liability Com has invested 0.66% of its portfolio in Paylocity Holding Corporation (NASDAQ:PCTY). Motley Fool Asset Lc reported 1.28% of its portfolio in Paylocity Holding Corporation (NASDAQ:PCTY).

Portolan Capital Management Llc, which manages about $535.17 million and $1.01B US Long portfolio, upped its stake in Bandwidth Inc. by 305,537 shares to 534,091 shares, valued at $28.61 million in 2018Q3, according to the filing. It also increased its holding in Immune Design Corporation (NASDAQ:IMDZ) by 281,211 shares in the quarter, for a total of 726,086 shares, and has risen its stake in Slm Corporation (NASDAQ:SLM).

Since September 7, 2018, it had 1 buying transaction, and 1 sale for $23,829 activity. Another trade for 2,000 shares valued at $73,000 was made by Schofman David on Friday, September 7.

Analysts await Conn's, Inc. (NASDAQ:CONN) to report earnings on April, 4. They expect $0.77 EPS, up 37.50% or $0.21 from last year’s $0.56 per share. CONN’s profit will be $24.43 million for 7.08 P/E if the $0.77 EPS becomes a reality. After $0.59 actual EPS reported by Conn's, Inc. for the previous quarter, Wall Street now forecasts 30.51% EPS growth.

More notable recent Conn's, Inc. (NASDAQ:CONN) news were published by: Nasdaq.com which released: “Washington Trust Provides $3.3 Million in Financing for Construction of Two-Tenant Retail Property in Old Saybrook, CT – Nasdaq” on February 01, 2019, also Nasdaq.com with their article: “Arvinas Announces Poster Presentation at ASCO 2019 Genitourinary Cancers Symposium – Nasdaq” published on February 07, 2019, Nasdaq.com published: “Omega Flex, Inc. Announces New Director Appointed to the Board – Nasdaq” on February 04, 2019. More interesting news about Conn's, Inc. (NASDAQ:CONN) were released by: Prnewswire.com and their article: “Conn’s HomePlus enters New Orleans with three new stores in 2019 – PRNewswire” published on February 15, 2019 as well as Nasdaq.com‘s news article titled: “Terex Corporation Announces Fourth Quarter and Year-End 2018 Financial Results Conference Call – Nasdaq” with publication date: February 12, 2019.

Investors sentiment increased to 1.25 in 2018 Q3. Its up 0.12, from 1.13 in 2018Q2. It is positive, as 22 investors sold CONN shares while 30 reduced holdings. 32 funds opened positions while 33 raised stakes. 20.14 million shares or 5.77% more from 19.04 million shares in 2018Q2 were reported. California State Teachers Retirement System accumulated 30,076 shares. California Pub Employees Retirement Sys has 0% invested in Conn's, Inc. (NASDAQ:CONN). Public Employees Retirement Of Ohio holds 0% in Conn's, Inc. (NASDAQ:CONN) or 775 shares. Bailard Incorporated has 6,900 shares for 0.01% of their portfolio. Swiss Fincl Bank stated it has 0% in Conn's, Inc. (NASDAQ:CONN). Thompson Davis has 0.01% invested in Conn's, Inc. (NASDAQ:CONN) for 125 shares. Amer Group reported 13,038 shares. Us Bancshares De owns 134 shares. Gsa Capital Prtn Llp reported 0.08% stake. Products Prtn Ltd Llc has 0.07% invested in Conn's, Inc. (NASDAQ:CONN) for 46,644 shares. Utd Capital Advisers Limited Co invested 0.01% of its portfolio in Conn's, Inc. (NASDAQ:CONN). Moreover, Manufacturers Life The has 0% invested in Conn's, Inc. (NASDAQ:CONN). Bridgeway Capital Management has 0.08% invested in Conn's, Inc. (NASDAQ:CONN). Schwab Charles Inv Mgmt holds 164,807 shares. Piermont Capital Management accumulated 46,890 shares.

Among 8 analysts covering CONN’S (NASDAQ:CONN), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. CONN’S had 25 analyst reports since August 17, 2015 according to SRatingsIntel. As per Monday, December 10, the company rating was upgraded by Compass Point. The firm earned “Buy” rating on Monday, August 28 by Stifel Nicolaus. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, June 7. KeyBanc Capital Markets maintained it with “Buy” rating and $24.0 target in Thursday, September 7 report. As per Tuesday, October 24, the company rating was maintained by SunTrust. The rating was upgraded by Stifel Nicolaus on Wednesday, September 21 to “Buy”. The firm has “Neutral” rating by Piper Jaffray given on Friday, June 3. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, December 9 report. Stifel Nicolaus upgraded Conn's, Inc. (NASDAQ:CONN) on Wednesday, July 11 to “Buy” rating. KeyBanc Capital Markets maintained Conn's, Inc. (NASDAQ:CONN) rating on Tuesday, July 10. KeyBanc Capital Markets has “Overweight” rating and $45 target.

Conn's, Inc. (NASDAQ:CONN) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.