Icon Wealth Advisors LLC lifted its position in shares of Paylocity Holding Co. (NASDAQ:PCTY - Free Report) by 303.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,569 shares of the software maker's stock after buying an additional 7,949 shares during the period. Icon Wealth Advisors LLC's holdings in Paylocity were worth $1,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. raised its stake in shares of Paylocity by 1,650.0% in the 3rd quarter. UMB Bank n.a. now owns 175 shares of the software maker's stock valued at $29,000 after acquiring an additional 165 shares during the period. Prospera Private Wealth LLC acquired a new position in Paylocity during the third quarter worth $39,000. Rothschild Investment LLC purchased a new position in shares of Paylocity during the second quarter worth $40,000. Signaturefd LLC raised its holdings 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 during the period. Finally, Versant Capital Management Inc acquired a new position in Paylocity during the 2nd quarter worth about $66,000. Hedge funds and other institutional investors own 94.76% of the company's stock.
Insiders Place Their Bets
In other Paylocity news, Director Steven I. Sarowitz sold 15,444 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $195.43, for a total transaction of $3,018,220.92. Following the completion of the sale, the director now directly owns 9,272,906 shares of the company's stock, valued at $1,812,204,019.58. This represents a 0.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Rachit Lohani sold 658 shares of Paylocity stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $162.83, for a total value of $107,142.14. Following the completion of the transaction, the senior vice president now owns 39,764 shares in the company, valued at $6,474,772.12. This trade represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 59,971 shares of company stock valued at $11,750,096 over the last quarter. Company insiders own 21.91% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the company. Barclays boosted their price target on shares of Paylocity from $174.00 to $180.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. BTIG Research cut their target price on shares of Paylocity from $200.00 to $185.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. 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 report on Thursday, October 31st. BMO Capital Markets upped their price objective on Paylocity from $175.00 to $203.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. Finally, Piper Sandler lifted their target price on Paylocity from $172.00 to $212.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $196.64.
Check Out Our Latest Report on Paylocity
Paylocity Stock Up 1.7 %
PCTY traded up $3.53 on Friday, reaching $205.28. The company's stock had a trading volume of 395,829 shares, compared to its average volume of 522,111. The company has a market capitalization of $11.44 billion, a price-to-earnings ratio of 52.50, a P/E/G ratio of 5.06 and a beta of 0.93. Paylocity Holding Co. has a fifty-two week low of $129.94 and a fifty-two week 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 has a 50 day moving average of $179.02 and a two-hundred day moving average of $159.87.
Paylocity Company Profile
(
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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