GSA Capital Partners LLP Sells 5,382 Shares of Paylocity Holding Co. (NASDAQ:PCTY)

GSA Capital Partners LLP lessened its holdings in shares of Paylocity Holding Co. (NASDAQ:PCTY - Free Report) by 68.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,455 shares of the software maker's stock after selling 5,382 shares during the period. GSA Capital Partners LLP's holdings in Paylocity were worth $405,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in PCTY. WCM Investment Management LLC increased its holdings in shares of Paylocity by 32.6% in the third quarter. WCM Investment Management LLC now owns 5,313 shares of the software maker's stock worth $857,000 after acquiring an additional 1,306 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Paylocity by 45.1% during the third quarter. Venturi Wealth Management LLC now owns 544 shares of the software maker's stock worth $90,000 after buying an additional 169 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Paylocity by 14.6% in the third quarter. Crossmark Global Holdings Inc. now owns 3,367 shares of the software maker's stock worth $556,000 after purchasing an additional 428 shares in the last quarter. Covestor Ltd increased its stake in Paylocity by 6.4% in the 3rd quarter. Covestor Ltd now owns 1,373 shares of the software maker's stock valued at $227,000 after buying an additional 83 shares during the last quarter. Finally, Tompkins Financial Corp acquired a new position in shares of Paylocity during the 3rd quarter worth approximately $82,000. 94.76% of the stock is currently owned by institutional investors.

Insider Activity at Paylocity

In other Paylocity news, Director Jeffrey T. Diehl sold 946 shares of Paylocity stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $204.74, for a total transaction of $193,684.04. Following the completion of the transaction, the director now owns 1,767 shares in the company, valued at approximately $361,775.58. The trade was a 34.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven I. Sarowitz sold 12,226 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $196.29, for a total value 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 $1,825,663,257.63. The trade was a 0.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 59,971 shares of company stock worth $11,750,096 in the last quarter. Company insiders own 21.91% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on PCTY. KeyCorp lifted their price target on Paylocity from $187.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. StockNews.com raised shares of Paylocity from a "hold" rating to a "buy" rating in a research report on Thursday. JMP Securities reiterated a "market outperform" rating and set a $250.00 price objective on shares of Paylocity in a research note on Monday, August 5th. Piper Sandler lifted their price target on Paylocity from $172.00 to $212.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st. Finally, Mizuho lifted their price target on shares of Paylocity from $175.00 to $180.00 and gave the company a "neutral" rating in a report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $196.64.

Paylocity Trading Up 1.7 %

PCTY traded up $3.53 during trading on Friday, reaching $205.28. 395,827 shares of the stock traded hands, compared to its average volume of 500,631. Paylocity Holding Co. has a 12 month low of $129.94 and a 12 month high of $215.68. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.29. The stock's 50-day moving average is $178.10 and its 200 day moving average is $159.63. The stock has a market capitalization of $11.44 billion, a PE ratio of 51.60, a P/E/G ratio of 4.89 and a beta of 0.93.

About Paylocity

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.