2,005 Shares in Paylocity Holding Co. (NASDAQ:PCTY) Purchased by Summit Trail Advisors LLC

Summit Trail Advisors LLC acquired a new position in Paylocity Holding Co. (NASDAQ:PCTY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,005 shares of the software maker's stock, valued at approximately $400,000.

A number of other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. increased its position in shares of Paylocity by 1,650.0% during 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 purchased a new stake in Paylocity during the third quarter valued at approximately $39,000. Signaturefd LLC boosted its stake in shares of Paylocity by 121.0% during the 3rd quarter. Signaturefd LLC now owns 305 shares of the software maker's stock worth $50,000 after acquiring an additional 167 shares during the last quarter. Quarry LP grew its position in shares of Paylocity by 149.2% during the 3rd quarter. Quarry LP now owns 309 shares of the software maker's stock valued at $51,000 after acquiring an additional 185 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Paylocity by 43.3% in the 4th quarter. GAMMA Investing LLC now owns 384 shares of the software maker's stock worth $77,000 after purchasing an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 94.76% of the company's stock.

Paylocity Trading Down 0.3 %

Shares of NASDAQ PCTY traded down $0.60 during mid-day trading on Friday, reaching $216.96. The company had a trading volume of 450,553 shares, compared to its average volume of 518,184. Paylocity Holding Co. has a 52 week low of $129.94 and a 52 week high of $223.80. The business's 50-day moving average is $201.94 and its 200-day moving average is $184.00. The stock has a market cap of $12.10 billion, a price-to-earnings ratio of 55.63, a price-to-earnings-growth ratio of 5.19 and a beta of 0.95. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.29.

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Paylocity (NASDAQ:PCTY - Get Free Report) last issued its earnings results on Thursday, February 6th. The software maker reported $0.82 EPS for the quarter, missing analysts' consensus estimates of $1.42 by ($0.60). Paylocity had a return on equity of 22.93% and a net margin of 14.76%. Equities analysts expect that Paylocity Holding Co. will post 4.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PCTY has been the subject of several recent research reports. Mizuho raised Paylocity from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $200.00 to $235.00 in a report on Friday, January 31st. BMO Capital Markets boosted their price objective on Paylocity from $175.00 to $203.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. 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 research note on Friday, November 1st. UBS Group upped their price target on shares of Paylocity from $211.00 to $220.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Finally, JMP Securities upped their target price on shares of Paylocity from $250.00 to $270.00 and gave the stock a "market outperform" rating in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Paylocity has a consensus rating of "Moderate Buy" and an average price target of $233.25.

Insiders Place Their Bets

In other Paylocity news, SVP Andrew Cappotelli sold 247 shares of the firm'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 $47,742.63. Following the transaction, the senior vice president now owns 14,634 shares of the company's stock, valued at approximately $2,828,605.86. This trade represents a 1.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Nicholas Rost sold 212 shares of the business'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 completion of the sale, the chief accounting officer now owns 7,364 shares of the company's stock, valued at approximately $1,423,387.56. This represents a 2.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 126,434 shares of company stock worth $25,636,985 in the last ninety days. 21.91% of the stock is owned by company insiders.

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.