Y Intercept Hong Kong Ltd Has $716,000 Stock Holdings in Paylocity Holding Co. (NASDAQ:PCTY)

Y Intercept Hong Kong Ltd trimmed its position in shares of Paylocity Holding Co. (NASDAQ:PCTY - Free Report) by 46.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,592 shares of the software maker's stock after selling 3,177 shares during the period. Y Intercept Hong Kong Ltd's holdings in Paylocity were worth $716,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Prospera Private Wealth LLC bought a new position in Paylocity in the third quarter valued at $39,000. UMB Bank n.a. raised its holdings in Paylocity by 41.1% in the fourth quarter. UMB Bank n.a. now owns 247 shares of the software maker's stock worth $49,000 after purchasing an additional 72 shares in the last quarter. Quarry LP boosted its stake in Paylocity by 149.2% during the third quarter. Quarry LP now owns 309 shares of the software maker's stock worth $51,000 after acquiring an additional 185 shares in the last quarter. GAMMA Investing LLC grew 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 buying an additional 116 shares during the last quarter. Finally, Tompkins Financial Corp bought a new position in shares of Paylocity during the third quarter valued at $82,000. 94.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Raymond James reissued an "outperform" rating and issued a $265.00 target price (up from $215.00) on shares of Paylocity in a research report on Friday, February 7th. UBS Group raised their price objective on Paylocity from $211.00 to $220.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Piper Sandler restated an "overweight" rating and issued a $254.00 price target (up previously from $212.00) on shares of Paylocity in a research report on Thursday, February 6th. JMP Securities boosted their price objective on Paylocity from $250.00 to $270.00 and gave the stock a "market outperform" rating in a research note on Friday, February 7th. Finally, Citigroup upgraded shares of Paylocity from a "neutral" rating to a "buy" rating and upped their price target for the company from $214.00 to $231.00 in a report on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $233.25.

Remove Ads

Paylocity Trading Down 2.0 %

Shares of PCTY stock traded down $4.13 on Tuesday, reaching $200.82. 286,384 shares of the stock were exchanged, compared to its average volume of 493,169. The stock has a market cap of $11.22 billion, a P/E ratio of 51.56, a price-to-earnings-growth ratio of 4.49 and a beta of 0.95. Paylocity Holding Co. has a 1-year low of $129.94 and a 1-year high of $223.80. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average of $203.50 and a two-hundred day moving average of $188.23.

Paylocity (NASDAQ:PCTY - Get Free Report) last announced its earnings results on Thursday, February 6th. The software maker reported $0.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.42 by ($0.60). Paylocity had a return on equity of 22.45% and a net margin of 14.76%. On average, research analysts anticipate that Paylocity Holding Co. will post 4.36 EPS for the current year.

Insiders Place Their Bets

In other news, Director Steven I. Sarowitz sold 6,900 shares of the company's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $209.02, for a total transaction of $1,442,238.00. Following the completion of the transaction, the director now owns 8,933,409 shares of the company's stock, valued at approximately $1,867,261,149.18. This represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 63,849 shares of company stock valued at $12,982,226 over the last three months. 21.91% of the stock is currently owned by insiders.

About Paylocity

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.