Swiss National Bank decreased its holdings in shares of Paylocity Holding Co. (NASDAQ:PCTY - Free Report) by 33.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,300 shares of the software maker's stock after selling 44,450 shares during the quarter. Swiss National Bank owned about 0.16% of Paylocity worth $14,567,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. CIBC Asset Management Inc grew its position in shares of Paylocity by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 1,652 shares of the software maker's stock worth $273,000 after buying an additional 58 shares during the period. Chicago Partners Investment Group LLC increased its holdings in shares of Paylocity by 3.7% in the third quarter. Chicago Partners Investment Group LLC now owns 2,282 shares of the software maker's stock worth $395,000 after acquiring an additional 82 shares in the last quarter. Covestor Ltd increased its holdings 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 position 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 worth $1,316,000 after purchasing an additional 103 shares during the period. Finally, SkyOak Wealth LLC lifted its holdings in shares of Paylocity by 7.1% during the 2nd quarter. SkyOak Wealth LLC now owns 1,837 shares of the software maker's stock valued at $242,000 after purchasing an additional 122 shares in the last quarter. 94.76% of the stock is owned by institutional investors.
Analyst Ratings Changes
PCTY has been the topic of several research analyst reports. Truist Financial raised their target price on shares of Paylocity from $195.00 to $210.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Mizuho raised their price objective on shares of Paylocity from $175.00 to $180.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. Needham & Company LLC upped their target price on shares of Paylocity from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. JMP Securities reissued a "market outperform" rating and issued a $250.00 price target on shares of Paylocity in a research note on Monday, August 5th. Finally, Barclays boosted their price target on Paylocity from $174.00 to $180.00 and gave the company an "equal weight" rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Paylocity has a consensus rating of "Moderate Buy" and a consensus price target of $196.64.
Check Out Our Latest Stock Report on Paylocity
Paylocity Stock Up 1.7 %
PCTY traded up $3.53 during trading on Friday, reaching $205.28. 395,829 shares of the stock were exchanged, compared to its average volume of 522,111. The stock has a market cap of $11.44 billion, a P/E ratio of 52.50, a price-to-earnings-growth ratio of 5.06 and a beta of 0.93. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.32 and a current ratio of 1.32. The stock's 50 day moving average price is $179.02 and its two-hundred day moving average price is $159.87. Paylocity Holding Co. has a twelve month low of $129.94 and a twelve month high of $215.68.
Insider Transactions at Paylocity
In other Paylocity news, CAO Nicholas Rost sold 212 shares of the company's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $193.29, for a total value of $40,977.48. Following the transaction, the chief accounting officer now directly owns 7,364 shares in the company, valued at $1,423,387.56. The trade was a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Rachit Lohani sold 658 shares of the firm's stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $162.83, for a total transaction of $107,142.14. Following the sale, the senior vice president now owns 39,764 shares of the company's stock, valued at approximately $6,474,772.12. This represents a 1.63 % decrease in their position. 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 ninety days. Insiders own 21.91% of the company's stock.
About Paylocity
(
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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