Dynamic Technology Lab Private Ltd lessened its holdings in Paylocity Holding Co. (NASDAQ:PCTY - Free Report) by 84.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,348 shares of the software maker's stock after selling 13,176 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Paylocity were worth $387,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of PCTY. UMB Bank n.a. grew its position in Paylocity by 1,650.0% during the 3rd quarter. UMB Bank n.a. now owns 175 shares of the software maker's stock worth $29,000 after acquiring an additional 165 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in shares of Paylocity in the third quarter valued at approximately $39,000. Rothschild Investment LLC bought a new position in Paylocity in the 2nd quarter valued at approximately $40,000. Signaturefd LLC boosted its position in Paylocity by 121.0% during the 3rd quarter. Signaturefd LLC now owns 305 shares of the software maker's stock worth $50,000 after buying an additional 167 shares during the period. Finally, Versant Capital Management Inc bought a new stake in Paylocity during the 2nd quarter worth approximately $66,000. Institutional investors and hedge funds own 94.76% of the company's stock.
Paylocity Stock Down 1.1 %
NASDAQ PCTY traded down $2.33 on Friday, hitting $207.54. 226,511 shares of the company were exchanged, compared to its average volume of 466,489. Paylocity Holding Co. has a 12 month low of $129.94 and a 12 month high of $215.68. 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 company has a market cap of $11.57 billion, a PE ratio of 53.08, a PEG ratio of 5.11 and a beta of 0.93. The stock has a fifty day moving average of $183.90 and a 200-day moving average of $161.25.
Insider Transactions at Paylocity
In other news, SVP Rachit Lohani sold 658 shares of the company's stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $162.83, for a total transaction of $107,142.14. Following the transaction, the senior vice president now directly owns 39,764 shares of the company's stock, valued at $6,474,772.12. This represents a 1.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven I. Sarowitz sold 12,226 shares of Paylocity stock in a transaction 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 of the company's stock, valued at approximately $1,825,663,257.63. The trade was a 0.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,790 shares of company stock valued at $15,004,635 in the last 90 days. 21.91% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several equities analysts have recently issued reports on PCTY shares. KeyCorp raised 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. StockNews.com lowered Paylocity from a "buy" rating to a "hold" rating in a research report on Friday. Jefferies Financial Group upped their price target on Paylocity from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Truist Financial raised their price objective on Paylocity from $195.00 to $210.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, Needham & Company LLC upped their target price on Paylocity from $200.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $196.64.
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About Paylocity
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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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