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Deutsche Bank Reports Initiation of TTM Technologies (TTMI) with $19 Target; Paylocity Holding (PCTY) Shorts Decreased By 1.31%

Paylocity Holding Corporation (NASDAQ:PCTY) Logo

Deutsche Bank initiated its coverage on TTM Technologies (NASDAQ:TTMI), today 14 June. The firm finds the stock of TTMI attractive and has PT of $19 with “Hold” rating.

Paylocity Holding Corporation (NASDAQ:PCTY) had a decrease of 1.31% in short interest. PCTY’s SI was 1.03M shares in June as released by FINRA. Its down 1.31% from 1.05 million shares previously. With 252,500 avg volume, 4 days are for Paylocity Holding Corporation (NASDAQ:PCTY)’s short sellers to cover PCTY’s short positions. The SI to Paylocity Holding Corporation’s float is 3.42%. The stock increased 2.00% or $1.23 during the last trading session, reaching $62.82. About 240,957 shares traded. Paylocity Holding Corporation (NASDAQ:PCTY) has risen 28.17% since June 16, 2017 and is uptrending. It has outperformed by 15.60% the S&P500. Some Historical PCTY News: ; 03/05/2018 – Paylocity Holding Sees FY18 Rev $373.5M-$374.5M; 15/05/2018 – Zevenbergen Capital Investments Buys 1.1% Position in Paylocity; 03/05/2018 – PAYLOCITY HOLDING 3Q EPS 27C; 03/05/2018 – PAYLOCITY 3Q REV. $113.4M, EST. $110.9M; 20/03/2018 – Dir Waters III Gifts 182 Of Paylocity Holding Corp; 03/05/2018 – CORRECT: PAYLOCITY HOLDING 3Q EPS 71 WITH TAX BENEFIT; 01/05/2018 – Paylocity Presenting at Conference May 8; 03/05/2018 – Paylocity Holding Sees 4Q Rev $92.6M-$93.6M; 23/05/2018 – Paylocity Recognized as Rapidly Growing Company and Best Place to Work; 21/05/2018 – Factors of Influence in 2018, Key Indicators and Opportunity within The Andersons, Ferroglobe, Paylocity Holding, USANA Health

Among 19 analysts covering Paylocity (NASDAQ:PCTY), 12 have Buy rating, 0 Sell and 7 Hold. Therefore 63% are positive. Paylocity had 47 analyst reports since August 14, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Friday, November 4 by First Analysis. SunTrust maintained the stock with “Hold” rating in Thursday, February 8 report. The firm has “Outperform” rating given on Wednesday, August 9 by Raymond James. The company was maintained on Friday, October 27 by Northland Capital. The stock of Paylocity Holding Corporation (NASDAQ:PCTY) earned “Outperform” rating by Northland Capital on Friday, November 6. First Analysis downgraded Paylocity Holding Corporation (NASDAQ:PCTY) on Friday, July 8 to “Equal-Weight” rating. The firm earned “Buy” rating on Friday, February 3 by Bank of America. The company was maintained on Thursday, February 8 by Stifel Nicolaus. The firm has “Buy” rating given on Thursday, February 8 by RBC Capital Markets. The firm earned “Outperform” rating on Friday, November 3 by Robert W. Baird.

More news for Paylocity Holding Corporation (NASDAQ:PCTY) were recently published by: Nasdaq.com, which released: “Factors of Influence in 2018, Key Indicators and Opportunity within The Andersons, Ferroglobe, Paylocity Holding …” on May 21, 2018. Nasdaq.com‘s article titled: “Paylocity Recognized as Rapidly Growing Company and Best Place to Work” and published on May 23, 2018 is yet another important article.

Investors sentiment decreased to 1 in Q1 2018. Its down 0.68, from 1.68 in 2017Q4. It dropped, as 15 investors sold Paylocity Holding Corporation 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. Granite Inv Prtnrs Ltd Company holds 20,831 shares. Ubs Asset Mngmt Americas holds 17,270 shares or 0% of its portfolio. Citadel Advsr Ltd Llc invested in 0% or 17,962 shares. Geode Cap Llc reported 0% in Paylocity Holding Corporation (NASDAQ:PCTY). Peak6 Invests L P reported 9,785 shares. 18,800 are held by Strs Ohio. Manufacturers Life Insur The stated it has 0% of its portfolio in Paylocity Holding Corporation (NASDAQ:PCTY). Koch has 4,146 shares for 0.02% of their portfolio. Prudential reported 39,041 shares or 0% of all its holdings. 4,500 were reported by Macquarie Group Incorporated Ltd. California-based California Public Employees Retirement has invested 0% in Paylocity Holding Corporation (NASDAQ:PCTY). Driehaus Capital Mngmt Ltd Liability Co holds 0.15% or 81,277 shares. Numerixs Technology has 100 shares for 0% of their portfolio. Winslow Evans Crocker stated it has 110 shares or 0% of all its holdings. Tocqueville Asset Mngmt Lp holds 0.02% of its portfolio in Paylocity Holding Corporation (NASDAQ:PCTY) for 36,550 shares.

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 $3.31 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 299.14 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.

The stock increased 1.06% or $0.2 during the last trading session, reaching $19.03. About 697,545 shares traded. TTM Technologies, Inc. (NASDAQ:TTMI) has risen 4.20% since June 16, 2017 and is uptrending. It has underperformed by 8.37% the S&P500. Some Historical TTMI News: 23/03/2018 TTM Tech Closes Below 200-Day Moving Average: Technicals; 09/05/2018 – TTM Technologies: James K. Bass Resigns From Board; 02/05/2018 – TTM Technologies 1Q Adj EPS 26c; 02/05/2018 – TTM Technologies Sees 2Q Rev $700M-$750M; 21/05/2018 – TTM Tech Presenting at Barclays Conference Tomorrow; 11/04/2018 – TTM Technologies, Inc. to Host Analyst and Investor Day on May 24, 2018; 14/05/2018 – Nuveen Asset Management Buys New 2.2% Position in TTM Tech; 02/05/2018 – TTM TECH SEES 2Q ADJ EPS 34C TO 40C, EST. 33C; 08/05/2018 – TTM Technologies, Inc. earns recognition as a John Deere “Partner-level Supplier” and Supplier of the Year; 02/05/2018 – TTM TECH SEES 2Q REV. $700M TO $750.0M, EST. $652.2M

Since February 22, 2018, it had 0 buys, and 13 insider sales for $2.65 million activity. Hardwick William Kent had sold 2,000 shares worth $31,325. 6,798 shares were sold by SANCHEZ TONY, worth $108,142 on Friday, March 2. Pereira Jon also sold $32,946 worth of TTM Technologies, Inc. (NASDAQ:TTMI) on Friday, March 2. $141,397 worth of stock was sold by Titterton Philip on Friday, March 2. Barber Brian W also sold $156,997 worth of TTM Technologies, Inc. (NASDAQ:TTMI) shares. $18,830 worth of TTM Technologies, Inc. (NASDAQ:TTMI) was sold by Weber Daniel J on Tuesday, May 29. On Wednesday, February 28 the insider Chung Tai Keung sold $1.70 million.

Among 7 analysts covering TTM Tech (NASDAQ:TTMI), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. TTM Tech has $22 highest and $9 lowest target. $20’s average target is 5.10% above currents $19.03 stock price. TTM Tech had 24 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of TTM Technologies, Inc. (NASDAQ:TTMI) earned “Buy” rating by J.P. Morgan on Thursday, February 8. The rating was maintained by Needham with “Buy” on Thursday, August 6. The stock has “Hold” rating by Stifel Nicolaus on Monday, August 10. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, February 8. Needham maintained it with “Buy” rating and $18 target in Thursday, February 9 report. The stock of TTM Technologies, Inc. (NASDAQ:TTMI) has “Neutral” rating given on Friday, February 17 by JP Morgan. The stock of TTM Technologies, Inc. (NASDAQ:TTMI) earned “Buy” rating by Stifel Nicolaus on Friday, August 25. As per Friday, July 28, the company rating was downgraded by Stifel Nicolaus. Stifel Nicolaus maintained TTM Technologies, Inc. (NASDAQ:TTMI) on Friday, May 25 with “Buy” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, December 4 report.

Analysts await TTM Technologies, Inc. (NASDAQ:TTMI) to report earnings on August, 1. They expect $0.23 EPS, up 27.78% or $0.05 from last year’s $0.18 per share. TTMI’s profit will be $23.80M for 20.68 P/E if the $0.23 EPS becomes a reality. After $0.09 actual EPS reported by TTM Technologies, Inc. for the previous quarter, Wall Street now forecasts 155.56% EPS growth.

TTM Technologies, Inc., together with its subsidiaries, makes printed circuit boards worldwide. The company has market cap of $1.97 billion. It provides a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates. It has a 18.26 P/E ratio. It also produces test specialized circuits that are used in radio-frequency or microwave emission and collection applications; printed circuits with heavy copper cores, and embedded and press-fit coins; PCBs with electrically passive heat sinks; and PCBs with electrically active thermal cores.

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.27, from 1.14 in 2017Q4. It fall, as 29 investors sold TTM Technologies, Inc. shares while 74 reduced holdings. 26 funds opened positions while 64 raised stakes. 105.33 million shares or 1.56% more from 103.71 million shares in 2017Q4 were reported. Geode Cap Management Limited Liability holds 0.01% or 1.20M shares in its portfolio. Oppenheimer And Incorporated has invested 0.01% in TTM Technologies, Inc. (NASDAQ:TTMI). Natixis Advsr Limited Partnership reported 0.01% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI). Deutsche Commercial Bank Ag reported 1.72 million shares. Blackrock reported 11.92M shares. Ubs Asset Americas reported 0% stake. Fiera holds 0.03% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI) for 355,866 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mgmt has 0.01% invested in TTM Technologies, Inc. (NASDAQ:TTMI). Gotham Asset has 0.05% invested in TTM Technologies, Inc. (NASDAQ:TTMI). Dimensional Fund Advsr Ltd Partnership owns 8.61M shares. Panagora Asset Management has 0.05% invested in TTM Technologies, Inc. (NASDAQ:TTMI) for 818,452 shares. Massachusetts Services Ma invested in 42,863 shares or 0% of the stock. State Of Tennessee Treasury Department, a Tennessee-based fund reported 65,365 shares. Federated Pa owns 1.12 million shares for 0.05% of their portfolio. Voya Invest Mgmt Limited Liability Corporation owns 123,826 shares.

TTM Technologies, Inc. (NASDAQ:TTMI) Institutional Positions Chart

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