Paylocity Holding Co. (NASDAQ:PCTY) Shares Purchased by Barclays PLC

Barclays PLC increased its stake in Paylocity Holding Co. (NASDAQ:PCTY) by 14.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,897 shares of the software maker’s stock after purchasing an additional 5,609 shares during the period. Barclays PLC’s holdings in Paylocity were worth $7,407,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of 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 worth $29,000 after buying an additional 165 shares during the period. Prospera Private Wealth LLC purchased a new position in Paylocity in the 3rd quarter worth $39,000. Rothschild Investment LLC acquired a new stake in Paylocity during the 2nd quarter worth about $40,000. Signaturefd LLC grew its stake in Paylocity by 121.0% during the 3rd quarter. Signaturefd LLC now owns 305 shares of the software maker’s stock valued at $50,000 after purchasing an additional 167 shares during the last quarter. Finally, Quarry LP increased its holdings in shares of Paylocity by 149.2% in the third quarter. Quarry LP now owns 309 shares of the software maker’s stock valued at $51,000 after purchasing an additional 185 shares during the period. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Paylocity Trading Down 4.3 %

Shares of PCTY stock opened at $194.40 on Thursday. The stock has a 50 day simple moving average of $194.15 and a 200-day simple moving average of $165.25. Paylocity Holding Co. has a 1-year low of $129.94 and a 1-year high of $215.68. The company has a market cap of $10.84 billion, a price-to-earnings ratio of 49.72, a PEG ratio of 4.93 and a beta of 0.92. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.32 and a quick ratio of 1.32.

Insiders Place Their Bets

In related news, SVP Andrew Cappotelli sold 247 shares of Paylocity stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $193.29, for a total value of $47,742.63. Following the sale, the senior vice president now directly owns 14,634 shares in the company, valued at approximately $2,828,605.86. The trade was a 1.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Rachit Lohani sold 658 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $162.83, for a total value of $107,142.14. Following the transaction, the senior vice president now directly owns 39,764 shares of the company’s stock, valued at $6,474,772.12. The trade was a 1.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 139,710 shares of company stock worth $28,124,978. Company insiders own 21.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PCTY. KeyCorp upped their target price on Paylocity from $187.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Truist Financial upped their price objective on shares of Paylocity from $195.00 to $210.00 and gave the company a “buy” rating in a report on Friday, November 1st. TD Cowen raised their target price on shares of Paylocity from $208.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Piper Sandler upped their price target on shares of Paylocity from $172.00 to $212.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, StockNews.com raised Paylocity from a “hold” rating to a “buy” rating in a report on Saturday, December 7th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $205.71.

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.