Paylocity Holding Co. (NASDAQ:PCTY) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in shares of Paylocity Holding Co. (NASDAQ:PCTYFree Report) by 43.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 384 shares of the software maker’s stock after purchasing an additional 116 shares during the quarter. GAMMA Investing LLC’s holdings in Paylocity were worth $77,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC grew its position in shares of Paylocity by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,048,806 shares of the software maker’s stock valued at $173,053,000 after buying an additional 36,590 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Paylocity by 81.9% in the third quarter. JPMorgan Chase & Co. now owns 856,536 shares of the software maker’s stock valued at $141,303,000 after acquiring an additional 385,625 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Paylocity by 3.5% during the third quarter. Janus Henderson Group PLC now owns 517,931 shares of the software maker’s stock worth $85,444,000 after purchasing an additional 17,560 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of 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 purchasing an additional 269,354 shares during the last quarter. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Mizuho increased their price objective on Paylocity from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, December 13th. BMO Capital Markets boosted their price target on shares of Paylocity from $175.00 to $203.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. StockNews.com upgraded Paylocity from a “hold” rating to a “buy” rating in a research report on Saturday, December 7th. TD Cowen reduced their price target on shares of Paylocity from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, Needham & Company LLC boosted their target price on Paylocity from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $205.21.

Read Our Latest Research Report on Paylocity

Insider Activity

In other Paylocity news, CAO Nicholas Rost sold 212 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $193.29, for a total value of $40,977.48. Following the sale, the chief accounting officer now directly owns 7,364 shares of the company’s stock, valued at approximately $1,423,387.56. This trade represents a 2.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven I. Sarowitz sold 2,600 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $200.14, for a total transaction of $520,364.00. Following the transaction, the director now directly owns 8,332,347 shares of the company’s stock, valued at approximately $1,667,635,928.58. This represents a 0.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 157,486 shares of company stock valued at $31,751,368 over the last quarter. Company insiders own 21.91% of the company’s stock.

Paylocity Stock Down 1.6 %

PCTY stock opened at $191.43 on Friday. The company has a 50 day moving average price of $202.46 and a two-hundred day moving average price of $172.42. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market capitalization of $10.67 billion, a P/E ratio of 48.96, a PEG ratio of 4.93 and a beta of 0.93. Paylocity Holding Co. has a one year low of $129.94 and a one year high of $215.68.

About Paylocity

(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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Institutional Ownership by Quarter for Paylocity (NASDAQ:PCTY)

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