B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Paylocity Holding Co. (NASDAQ:PCTY – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 17,955 shares of the software maker’s stock, valued at approximately $2,962,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. UMB Bank n.a. lifted its stake in shares of Paylocity by 1,650.0% during the third quarter. UMB Bank n.a. now owns 175 shares of the software maker’s stock valued at $29,000 after buying an additional 165 shares during the period. Rothschild Investment LLC purchased a new position in shares of Paylocity during the 2nd quarter worth $40,000. Signaturefd LLC boosted its holdings in shares of Paylocity by 121.0% during the third quarter. Signaturefd LLC now owns 305 shares of the software maker’s stock worth $50,000 after purchasing an additional 167 shares during the last quarter. Versant Capital Management Inc purchased a new stake in shares of Paylocity in the second quarter valued at $66,000. Finally, CWM LLC increased its stake in Paylocity by 103.3% in the second quarter. CWM LLC now owns 557 shares of the software maker’s stock valued at $73,000 after purchasing an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 94.76% of the company’s stock.
Paylocity Price Performance
PCTY opened at $195.28 on Thursday. Paylocity Holding Co. has a twelve month low of $129.94 and a twelve month high of $215.68. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.29. The firm has a market cap of $10.89 billion, a price-to-earnings ratio of 49.94, a PEG ratio of 4.96 and a beta of 0.93. The company has a fifty day simple moving average of $176.43 and a 200 day simple moving average of $159.08.
Insiders Place Their Bets
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on PCTY shares. Piper Sandler raised their target price on shares of Paylocity from $172.00 to $212.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Needham & Company LLC boosted their price objective on shares of Paylocity from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. BTIG Research cut their target price on Paylocity from $200.00 to $185.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. JMP Securities restated a “market outperform” rating and set a $250.00 price target on shares of Paylocity in a research note on Monday, August 5th. Finally, Barclays raised their price objective on Paylocity from $174.00 to $180.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $196.64.
View Our Latest Analysis on Paylocity
Paylocity Company 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.
Further Reading
- Five stocks we like better than Paylocity
- How to Use the MarketBeat Stock Screener
- Target Results Are Not a Retail Bellwether: Why the Dip Is a Buy
- Technology Stocks Explained: Here’s What to Know About Tech
- Williams-Sonoma Stock: Buy It and Never Let It Go
- There Are Different Types of Stock To Invest In
- 5 Dividend ETFs to Buy and Hold Forever
Want to see what other hedge funds are holding PCTY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paylocity Holding Co. (NASDAQ:PCTY – Free Report).
Receive News & Ratings for Paylocity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paylocity and related companies with MarketBeat.com's FREE daily email newsletter.