Versor Investments LP Has $609,000 Stake in Paylocity Holding Co. (NASDAQ:PCTY)

Versor Investments LP decreased its holdings in Paylocity Holding Co. (NASDAQ:PCTY - Free Report) by 74.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,689 shares of the software maker's stock after selling 10,527 shares during the quarter. Versor Investments LP's holdings in Paylocity were worth $609,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Chicago Partners Investment Group LLC boosted its position in shares of Paylocity by 3.7% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,282 shares of the software maker's stock valued at $395,000 after purchasing an additional 82 shares during the period. Covestor Ltd increased its position in shares of Paylocity by 6.4% in the third quarter. Covestor Ltd now owns 1,373 shares of the software maker's stock worth $227,000 after acquiring an additional 83 shares in the last quarter. King Luther Capital Management Corp raised its holdings in shares of Paylocity by 1.0% during the second quarter. King Luther Capital Management Corp now owns 9,981 shares of the software maker's stock valued at $1,316,000 after acquiring an additional 103 shares during the period. J.Safra Asset Management Corp lifted its position in shares of Paylocity by 80.0% in the 1st quarter. J.Safra Asset Management Corp now owns 243 shares of the software maker's stock valued at $42,000 after acquiring an additional 108 shares in the last quarter. Finally, SkyOak Wealth LLC boosted its stake in Paylocity by 7.1% in the 2nd quarter. SkyOak Wealth LLC now owns 1,837 shares of the software maker's stock worth $242,000 after purchasing an additional 122 shares during the period. 94.76% of the stock is owned by institutional investors.

Paylocity Stock Performance

Paylocity stock traded down $6.12 on Thursday, reaching $205.50. 240,993 shares of the stock were exchanged, compared to its average volume of 502,511. 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 firm has a fifty day moving average price of $173.03 and a two-hundred day moving average price of $157.87. The stock has a market cap of $11.46 billion, a PE ratio of 53.08, a PEG ratio of 5.34 and a beta of 0.93. Paylocity Holding Co. has a twelve month low of $129.94 and a twelve month high of $215.68.

Insider Buying and Selling at Paylocity

In other Paylocity news, CFO Ryan Glenn sold 500 shares of the firm's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $203.28, for a total value of $101,640.00. Following the sale, the chief financial officer now directly owns 52,134 shares in the company, valued at $10,597,799.52. This trade represents a 0.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeffrey T. Diehl sold 29,606 shares of Paylocity stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $196.55, for a total value of $5,819,059.30. Following the sale, the director now directly owns 11,755 shares in the company, valued at approximately $2,310,445.25. This trade represents a 71.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,896 shares of company stock valued at $6,049,629 in the last 90 days. 21.91% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. 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 note on Friday, November 1st. BMO Capital Markets lifted their target price on Paylocity from $175.00 to $203.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. Needham & Company LLC increased their price target on shares of Paylocity from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Jefferies Financial Group boosted their price objective on shares of Paylocity from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Finally, JMP Securities reiterated a "market outperform" rating and issued a $250.00 target price on shares of Paylocity in a research report on Monday, August 5th. Four investment 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 company presently has a consensus rating of "Moderate Buy" and an average target price of $196.64.

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.