BNP Paribas Financial Markets Has $1.27 Million Holdings in Paylocity Holding Co. (NASDAQ:PCTY)

BNP Paribas Financial Markets cut its position in Paylocity Holding Co. (NASDAQ:PCTY - Free Report) by 73.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,671 shares of the software maker's stock after selling 20,855 shares during the quarter. BNP Paribas Financial Markets' holdings in Paylocity were worth $1,265,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PCTY. International Assets Investment Management LLC increased its holdings in shares of Paylocity by 16,397.9% in the third quarter. International Assets Investment Management LLC now owns 7,754 shares of the software maker's stock valued at $1,279,000 after purchasing an additional 7,707 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Paylocity by 128.7% in the first quarter. Cetera Investment Advisers now owns 11,783 shares of the software maker's stock valued at $2,025,000 after purchasing an additional 6,630 shares during the last quarter. Qsemble Capital Management LP bought a new position in shares of Paylocity during the second quarter worth approximately $842,000. Quest Partners LLC increased its stake in shares of Paylocity by 82,275.0% during the second quarter. Quest Partners LLC now owns 6,590 shares of the software maker's stock worth $869,000 after purchasing an additional 6,582 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its holdings in Paylocity by 21.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 58,087 shares of the software maker's stock worth $7,659,000 after purchasing an additional 10,323 shares during the last quarter. 94.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Steven I. Sarowitz sold 2,295 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $205.83, for a total value of $472,379.85. Following the completion of the transaction, the director now owns 8,426,714 shares in the company, valued at $1,734,470,542.62. This trade represents a 0.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey T. Diehl sold 29,606 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $196.55, for a total transaction of $5,819,059.30. Following the sale, the director now directly owns 11,755 shares in the company, valued at $2,310,445.25. The trade was a 71.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 103,622 shares of company stock valued at $20,812,691. 21.91% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. Needham & Company LLC upped their price objective on Paylocity from $200.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, October 31st. KeyCorp upped their price target on shares of Paylocity from $187.00 to $210.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st. Mizuho lifted their price objective on shares of Paylocity from $175.00 to $180.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. StockNews.com upgraded shares of Paylocity from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Piper Sandler lifted their price target on shares of Paylocity from $172.00 to $212.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $204.29.

Paylocity Price Performance

NASDAQ PCTY traded down $0.03 during trading on Tuesday, hitting $203.58. 457,948 shares of the company's stock were exchanged, compared to its average volume of 493,005. The company has a market cap of $11.35 billion, a PE ratio of 52.07, a P/E/G ratio of 5.07 and a beta of 0.92. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.29. Paylocity Holding Co. has a fifty-two week low of $129.94 and a fifty-two week high of $215.68. The stock's 50 day moving average price is $189.90 and its two-hundred day moving average price is $163.12.

Paylocity Profile

Paylocity Holding Corporation engages in the provision of cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers payroll software solution for global payroll, expense management, tax services, on demand payment, and garnishment managed services; and time and labor management software for time and attendance, scheduling, and time collection.