Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Paylocity Holding Co. (NASDAQ:PCTY - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,282 shares of the software maker's stock, valued at approximately $1,861,000.
Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. lifted its stake in shares of Paylocity by 1,650.0% in the 3rd quarter. UMB Bank n.a. now owns 175 shares of the software maker's stock valued at $29,000 after purchasing an additional 165 shares during the last quarter. Prospera Private Wealth LLC bought a new stake in Paylocity in the third quarter worth $39,000. Rothschild Investment LLC purchased a new position in Paylocity during the second quarter worth $40,000. Signaturefd LLC increased its position in Paylocity by 121.0% during the third quarter. Signaturefd LLC now owns 305 shares of the software maker's stock valued at $50,000 after acquiring an additional 167 shares during the last quarter. Finally, Versant Capital Management Inc purchased a new stake in shares of Paylocity in the second quarter valued at $66,000. Institutional investors own 94.76% of the company's stock.
Paylocity Stock Up 0.3 %
NASDAQ PCTY traded up $0.69 during midday trading on Monday, hitting $208.23. 85,149 shares of the company traded hands, compared to its average volume of 496,089. The company has a market cap of $11.61 billion, a PE ratio of 53.08, a price-to-earnings-growth ratio of 5.11 and a beta of 0.93. 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 52 week low of $129.94 and a 52 week high of $215.68. The company's 50-day simple moving average is $183.90 and its 200-day simple moving average is $161.25.
Insider Activity at Paylocity
In other Paylocity news, 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 value of $107,142.14. Following the completion of the sale, the senior vice president now owns 39,764 shares of the company's stock, valued at approximately $6,474,772.12. This trade represents a 1.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Nicholas Rost sold 212 shares of the company's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $193.29, for a total transaction of $40,977.48. Following the transaction, the chief accounting officer now owns 7,364 shares in the company, valued at approximately $1,423,387.56. This trade represents a 2.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 75,790 shares of company stock valued at $15,004,635 over the last quarter. 21.91% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several brokerages recently commented on PCTY. Mizuho upped their price target on shares of Paylocity from $175.00 to $180.00 and gave the company a "neutral" rating in a report on Monday, November 4th. StockNews.com downgraded Paylocity from a "buy" rating to a "hold" rating in a report on Friday. Barclays boosted their price objective on Paylocity from $174.00 to $180.00 and gave the company an "equal weight" rating in a report on Thursday, October 31st. Jefferies Financial Group increased their target price on Paylocity from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Finally, JMP Securities reiterated a "market outperform" rating and set a $250.00 target price on shares of Paylocity in a research report on Monday, August 5th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $196.64.
Read Our Latest Research Report on Paylocity
Paylocity Company Profile
(
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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