Charles Schwab Investment Management Inc. grew its position in Paylocity Holding Co. (NASDAQ:PCTY - Free Report) by 1.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 282,426 shares of the software maker's stock after acquiring an additional 4,697 shares during the period. Charles Schwab Investment Management Inc. owned about 0.51% of Paylocity worth $46,592,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. UMB Bank n.a. raised its stake in Paylocity by 1,650.0% in the 3rd quarter. UMB Bank n.a. now owns 175 shares of the software maker's stock worth $29,000 after purchasing an additional 165 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in Paylocity in the 3rd quarter worth about $39,000. Rothschild Investment LLC acquired a new stake in Paylocity in the 2nd quarter worth about $40,000. Signaturefd LLC raised its position in shares of Paylocity by 121.0% in the 3rd quarter. Signaturefd LLC now owns 305 shares of the software maker's stock valued at $50,000 after buying an additional 167 shares in the last quarter. Finally, Versant Capital Management Inc acquired a new position in shares of Paylocity in the 2nd quarter valued at approximately $66,000. Institutional investors own 94.76% of the company's stock.
Wall Street Analyst Weigh In
PCTY has been the subject of several analyst reports. Mizuho boosted their target price on shares of Paylocity from $175.00 to $180.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. Truist Financial boosted their target price on shares of Paylocity from $195.00 to $210.00 and gave the company a "buy" rating in a research report on Friday, November 1st. KeyCorp boosted their target price on shares of Paylocity from $187.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st. StockNews.com lowered shares of Paylocity from a "buy" rating to a "hold" rating in a report on Friday. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $250.00 price objective on shares of Paylocity in a research note on Monday, August 5th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, Paylocity currently has an average rating of "Moderate Buy" and an average price target of $196.64.
View Our Latest Report on PCTY
Paylocity Price Performance
Shares of Paylocity stock traded up $1.92 on Monday, reaching $209.46. The stock had a trading volume of 243,497 shares, compared to its average volume of 496,793. Paylocity Holding Co. has a 1 year low of $129.94 and a 1 year high of $215.68. The company has a market cap of $11.68 billion, a P/E ratio of 53.57, a price-to-earnings-growth ratio of 5.11 and a beta of 0.93. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.29. The business's 50 day moving average is $184.81 and its two-hundred day moving average is $161.51.
Insider Transactions at Paylocity
In related news, SVP Andrew Cappotelli sold 247 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $193.29, for a total value of $47,742.63. Following the sale, the senior vice president now directly owns 14,634 shares of the company's stock, valued at $2,828,605.86. This trade represents a 1.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Steven I. Sarowitz sold 12,226 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $196.29, for a total transaction of $2,399,841.54. Following the completion of the sale, the director now directly owns 9,300,847 shares in the company, valued at $1,825,663,257.63. This represents a 0.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 86,027 shares of company stock valued at $17,155,429. 21.91% of the stock is currently owned by corporate insiders.
About Paylocity
(
Free Report)
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.
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