Paylocity Holding Co. (NASDAQ:PCTY - Get Free Report) has earned a consensus rating of "Moderate Buy" from the fourteen ratings firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $205.71.
Several analysts have commented on PCTY shares. Needham & Company LLC lifted their price objective on shares of Paylocity from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Piper Sandler boosted their target price on shares of Paylocity from $172.00 to $212.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st. BMO Capital Markets increased their price target on Paylocity from $175.00 to $203.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. TD Cowen boosted their price objective on Paylocity from $208.00 to $235.00 and gave the company a "buy" rating in a report on Monday, December 9th. Finally, Truist Financial raised their target price on Paylocity from $195.00 to $210.00 and gave the stock a "buy" rating in a report on Friday, November 1st.
Get Our Latest Research Report on PCTY
Insider Activity at Paylocity
In other Paylocity news, CFO Ryan Glenn sold 2,600 shares of Paylocity stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $205.40, for a total transaction of $534,040.00. Following the sale, the chief financial officer now owns 48,150 shares of the company's stock, valued at $9,890,010. The trade was a 5.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven I. Sarowitz sold 12,226 shares of the company's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $196.29, for a total transaction of $2,399,841.54. Following 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 157,486 shares of company stock valued at $31,751,368. 21.91% of the stock is owned by company insiders.
Hedge Funds Weigh In On Paylocity
A number of institutional investors and hedge funds have recently bought and sold shares of the business. UMB Bank n.a. lifted 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 purchased a new position in Paylocity during the third quarter worth approximately $39,000. Signaturefd LLC boosted its stake in Paylocity by 121.0% during the third quarter. Signaturefd LLC now owns 305 shares of the software maker's stock worth $50,000 after buying an additional 167 shares during the last quarter. Quarry LP grew its holdings in Paylocity by 149.2% in the 3rd quarter. Quarry LP now owns 309 shares of the software maker's stock valued at $51,000 after buying an additional 185 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Paylocity by 43.3% in the 4th quarter. GAMMA Investing LLC now owns 384 shares of the software maker's stock valued at $77,000 after buying an additional 116 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.
Paylocity Stock Performance
Shares of NASDAQ:PCTY traded down $2.31 during trading on Thursday, hitting $194.46. The stock had a trading volume of 595,610 shares, compared to its average volume of 379,122. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.29. Paylocity has a 12-month low of $129.94 and a 12-month high of $215.68. The stock has a market capitalization of $10.84 billion, a price-to-earnings ratio of 49.73, a price-to-earnings-growth ratio of 4.93 and a beta of 0.93. The stock has a 50-day simple moving average of $202.27 and a two-hundred day simple moving average of $171.60.
About Paylocity
(
Get Free ReportPaylocity 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.
See Also
Before you consider Paylocity, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Paylocity wasn't on the list.
While Paylocity currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
