Public Employees Retirement System of Ohio Raises Position in Paylocity Holding Co. (NASDAQ:PCTY)

Public Employees Retirement System of Ohio increased its stake in Paylocity Holding Co. (NASDAQ:PCTY - Free Report) by 30.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 65,408 shares of the software maker's stock after purchasing an additional 15,092 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.12% of Paylocity worth $10,790,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of PCTY. Millennium Management LLC increased its holdings in Paylocity by 435.2% in the 2nd quarter. Millennium Management LLC now owns 331,253 shares of the software maker's stock valued at $43,676,000 after buying an additional 269,354 shares during the period. Point72 Asset Management L.P. boosted its position in shares of Paylocity by 283.8% during the 3rd 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 in the last quarter. Liontrust Investment Partners LLP increased its stake in Paylocity by 27.1% in the second quarter. Liontrust Investment Partners LLP now owns 810,314 shares of the software maker's stock valued at $106,840,000 after acquiring an additional 172,807 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in Paylocity by 1,662.3% during 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Paylocity by 58.3% during the second quarter. Dimensional Fund Advisors LP now owns 335,946 shares of the software maker's stock worth $44,296,000 after purchasing an additional 123,744 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company's stock.

Insider Buying and Selling at Paylocity

In other news, Director Steven I. Sarowitz sold 12,226 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $196.29, for a total value of $2,399,841.54. Following the sale, the director now directly owns 9,300,847 shares of the company's stock, valued at approximately $1,825,663,257.63. This represents a 0.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Ryan Glenn sold 2,600 shares of Paylocity stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $205.40, for a total transaction of $534,040.00. Following the transaction, the chief financial officer now directly owns 48,150 shares of the company's stock, valued at $9,890,010. This represents a 5.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 115,400 shares of company stock worth $23,208,807. Insiders own 21.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PCTY. Jefferies Financial Group lifted their price target on Paylocity from $215.00 to $240.00 and gave the company a "buy" rating in a research note on Monday. Truist Financial raised their price objective on Paylocity from $195.00 to $210.00 and gave the company a "buy" rating in a research note on Friday, November 1st. TD Cowen boosted their target price on Paylocity from $208.00 to $235.00 and gave the stock a "buy" rating in a research note on Monday. StockNews.com upgraded shares of Paylocity from a "hold" rating to a "buy" rating in a research note on Saturday, December 7th. Finally, Piper Sandler lifted their price target on shares of Paylocity from $172.00 to $212.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, Paylocity has a consensus rating of "Moderate Buy" and a consensus price target of $204.29.

Paylocity Trading Up 0.8 %

Shares of NASDAQ:PCTY traded up $1.68 during mid-day trading on Thursday, reaching $204.59. 335,752 shares of the company's stock were exchanged, compared to its average volume of 492,184. The firm has a market capitalization of $11.41 billion, a price-to-earnings ratio of 52.32, a PEG ratio of 5.07 and a beta of 0.92. Paylocity Holding Co. has a twelve month low of $129.94 and a twelve month high of $215.68. The business's fifty day moving average price is $191.37 and its 200-day moving average price is $163.69. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.32 and a current ratio of 1.32.

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.