Asset Management One Co. Ltd. Sells 16,293 Shares of Paylocity Holding Co. (NASDAQ:PCTY)

Asset Management One Co. Ltd. decreased its stake in shares of Paylocity Holding Co. (NASDAQ:PCTY - Free Report) by 98.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 200 shares of the software maker's stock after selling 16,293 shares during the period. Asset Management One Co. Ltd.'s holdings in Paylocity were worth $33,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in shares of Paylocity by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,833,794 shares of the software maker's stock valued at $1,518,176,000 after buying an additional 278,607 shares during the last quarter. Capital Research Global Investors acquired a new position in shares of Paylocity during the first quarter valued at $46,902,000. Millennium Management LLC grew its position in shares of Paylocity by 435.2% during the second quarter. Millennium Management LLC now owns 331,253 shares of the software maker's stock worth $43,676,000 after acquiring an additional 269,354 shares during the last quarter. Liontrust Investment Partners LLP increased its holdings in shares of Paylocity by 27.1% in the 2nd quarter. Liontrust Investment Partners LLP now owns 810,314 shares of the software maker's stock worth $106,840,000 after acquiring an additional 172,807 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in shares of Paylocity by 1,662.3% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 181,920 shares of the software maker's stock valued at $23,986,000 after purchasing an additional 171,597 shares during the period. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PCTY has been the topic of several recent analyst reports. Mizuho lifted their target price on Paylocity from $175.00 to $180.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. StockNews.com downgraded shares of Paylocity from a "buy" rating to a "hold" rating in a report on Saturday. JMP Securities reissued a "market outperform" rating and set a $250.00 target price on shares of Paylocity in a research note on Monday, August 5th. Truist Financial boosted their price target on shares of Paylocity from $195.00 to $210.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, BMO Capital Markets raised their price objective on shares of Paylocity from $175.00 to $203.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $196.64.

Insider Transactions at Paylocity

In related news, SVP Rachit Lohani sold 658 shares of the 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 completion of the sale, the senior vice president now directly owns 39,764 shares of the company's stock, valued at approximately $6,474,772.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Jeffrey T. Diehl sold 29,606 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $196.55, for a total transaction of $5,819,059.30. Following the completion of the sale, the director now directly owns 11,755 shares in the company, valued at approximately $2,310,445.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Rachit Lohani sold 658 shares of Paylocity stock in a transaction 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 sale, the senior vice president now directly owns 39,764 shares of the company's stock, valued at approximately $6,474,772.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,896 shares of company stock valued at $6,049,629 over the last quarter. Company insiders own 21.91% of the company's stock.

Paylocity Trading Up 0.5 %

Paylocity stock traded up $1.10 during midday trading on Tuesday, reaching $212.27. The stock had a trading volume of 114,139 shares, compared to its average volume of 503,163. The firm's fifty day simple moving average is $171.00 and its two-hundred day simple moving average is $157.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.32 and a quick ratio of 1.32. Paylocity Holding Co. has a twelve month low of $129.94 and a twelve month high of $215.68. The firm has a market cap of $11.83 billion, a price-to-earnings ratio of 54.45, a PEG ratio of 5.30 and a beta of 0.93.

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.