State Street Corp Has $210.11 Million Stock Holdings in Paylocity Holding Co. (NASDAQ:PCTY)

State Street Corp decreased its holdings in Paylocity Holding Co. (NASDAQ:PCTY - Free Report) by 10.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,273,646 shares of the software maker's stock after selling 144,167 shares during the quarter. State Street Corp owned approximately 2.28% of Paylocity worth $210,113,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Stifel Financial Corp grew its stake in shares of Paylocity by 0.6% during the third quarter. Stifel Financial Corp now owns 23,412 shares of the software maker's stock valued at $3,862,000 after purchasing an additional 133 shares during the last quarter. Quantinno Capital Management LP boosted its position in Paylocity by 62.2% in the 3rd quarter. Quantinno Capital Management LP now owns 29,557 shares of the software maker's stock valued at $4,876,000 after buying an additional 11,340 shares during the last quarter. Quarry LP boosted its position 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 during the last quarter. Point72 Asset Management L.P. raised its position in shares of Paylocity by 283.8% during the third quarter. Point72 Asset Management L.P. now owns 309,761 shares of the software maker's stock worth $51,101,000 after acquiring an additional 229,057 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of Paylocity by 3.5% during the third quarter. Janus Henderson Group PLC now owns 517,931 shares of the software maker's stock valued at $85,444,000 after acquiring an additional 17,560 shares during the period. Institutional investors and hedge funds own 94.76% of the company's stock.

Paylocity Stock Down 1.9 %

Shares of NASDAQ:PCTY traded down $3.83 during trading on Friday, hitting $200.76. 125,289 shares of the company's stock traded hands, compared to its average volume of 490,640. 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 50-day moving average price of $191.37 and a 200-day moving average price of $163.69. Paylocity Holding Co. has a 52 week low of $129.94 and a 52 week high of $215.68. The company has a market cap of $11.19 billion, a price-to-earnings ratio of 52.32, a price-to-earnings-growth ratio of 5.00 and a beta of 0.92.

Insider Buying and Selling at Paylocity

In other Paylocity news, SVP Rachit Lohani sold 658 shares of Paylocity stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $162.83, for a total value of $107,142.14. Following the sale, the senior vice president now owns 39,764 shares of the company's stock, valued at $6,474,772.12. This trade represents a 1.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Andrew Cappotelli sold 247 shares of the company's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $193.29, for a total value of $47,742.63. Following the transaction, the senior vice president now directly owns 14,634 shares of the company's stock, valued at $2,828,605.86. This represents a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 115,400 shares of company stock valued at $23,208,807. 21.91% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

PCTY has been the subject of a number of research reports. TD Cowen lifted their price objective on Paylocity from $208.00 to $235.00 and gave the stock a "buy" rating in a research report on Monday. Barclays lifted their price target on shares of Paylocity from $174.00 to $180.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. BMO Capital Markets increased their price objective on shares of Paylocity from $175.00 to $203.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Piper Sandler lifted their target price on shares of Paylocity from $172.00 to $212.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. Finally, Truist Financial upped their target price on shares of Paylocity from $195.00 to $210.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $205.71.

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.