2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. lifted its position in shares of Paylocity Holding Co. ( NASDAQ:PCTY – Free Report ) by 2.
4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,947 shares of the software maker’s stock after purchasing an additional 3,104 shares during the quarter. Envestnet Asset Management Inc.
owned 0.23% of Paylocity worth $26,120,000 as of its most recent SEC filing. Other hedge funds and other institutional investors have also made changes to their positions in the company.
Vanguard Group Inc. grew its position in Paylocity by 1.2% during the fourth quarter.
Vanguard Group Inc. now owns 4,029,402 shares of the software maker’s stock valued at $803,745,000 after buying an additional 46,183 shares during the period. Geode Capital Management LLC grew its position in shares of Paylocity by 2.
4% during the 4th quarter. Geode Capital Management LLC now owns 1,073,988 shares of the software maker’s stock valued at $214,275,000 after acquiring an additional 25,182 shares during the period. JPMorgan Chase & Co.
increased its stake in shares of Paylocity by 0.8% in the 4th quarter. JPMorgan Chase & Co.
now owns 863,787 shares of the software maker’s stock valued at $172,300,000 after purchasing an additional 7,251 shares in the last quarter. GW&K Investment Management LLC raised its holdings in Paylocity by 0.6% in the 4th quarter.
GW&K Investment Management LLC now owns 381,010 shares of the software maker’s stock worth $76,000,000 after purchasing an additional 2,193 shares during the period. Finally, American Century Companies Inc. boosted its position in Paylocity by 190.
0% during the fourth quarter. American Century Companies Inc. now owns 349,797 shares of the software maker’s stock worth $69,774,000 after purchasing an additional 229,179 shares in the last quarter.
Institutional investors and hedge funds own 94.76% of the company’s stock. Paylocity Trading Up 1.
9 % Shares of PCTY stock opened at $187.27 on Monday. Paylocity Holding Co.
has a twelve month low of $129.94 and a twelve month high of $223.80.
The stock has a market cap of $10.47 billion, a price-to-earnings ratio of 48.02, a PEG ratio of 4.
49 and a beta of 0.76. The company’s 50-day moving average price is $196.
14 and its 200-day moving average price is $194.30. The company has a current ratio of 1.
14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.28.
Analyst Ratings Changes PCTY has been the subject of a number of recent analyst reports. Piper Sandler restated an “overweight” rating and issued a $254.00 price objective (up from $212.
00) on shares of Paylocity in a research report on Thursday, February 6th. StockNews.com cut shares of Paylocity from a “buy” rating to a “hold” rating in a research report on Monday, February 10th.
TD Cowen dropped their target price on shares of Paylocity from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Monday, January 6th.
Citigroup upgraded shares of Paylocity from a “neutral” rating to a “buy” rating and upped their price target for the stock from $214.00 to $231.00 in a research report on Thursday, January 16th.
Finally, Jefferies Financial Group lifted their price objective on Paylocity from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 7th.
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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $233.25.
Get Our Latest Report on PCTY Insider Buying and Selling In other Paylocity news, Director Steven I. Sarowitz sold 23,243 shares of Paylocity stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $191.
00, for a total transaction of $4,439,413.00. Following the completion of the sale, the director now directly owns 470,452 shares in the company, valued at $89,856,332.
This trade represents a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website .
Corporate insiders own 21.91% of the company’s stock. Paylocity Company Profile ( 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. Further Reading 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 .
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