Paylocity Holding Co. (NASDAQ:PCTY) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC increased its holdings in shares of Paylocity Holding Co. (NASDAQ:PCTY) by 6.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,795 shares of the software maker’s stock after acquiring an additional 546 shares during the quarter. Empowered Funds LLC’s holdings in Paylocity were worth $1,451,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PCTY. UMB Bank n.a. grew its holdings 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 purchasing an additional 165 shares during the last quarter. Rothschild Investment LLC bought a new position in Paylocity during the 2nd quarter worth $40,000. Signaturefd LLC increased its position in Paylocity by 121.0% in the third quarter. Signaturefd LLC now owns 305 shares of the software maker’s stock worth $50,000 after buying an additional 167 shares during the period. Versant Capital Management Inc bought a new stake in Paylocity in the second quarter valued at $66,000. Finally, CWM LLC boosted its holdings in shares of Paylocity by 103.3% during the second quarter. CWM LLC now owns 557 shares of the software maker’s stock valued at $73,000 after acquiring an additional 283 shares during the period. Institutional investors own 94.76% of the company’s stock.

Paylocity Price Performance

Shares of NASDAQ PCTY opened at $201.75 on Friday. The firm has a 50-day moving average of $177.18 and a two-hundred day moving average of $159.34. The company has a market capitalization of $11.25 billion, a price-to-earnings ratio of 51.60, a PEG ratio of 4.89 and a beta of 0.93. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.29. Paylocity Holding Co. has a twelve month low of $129.94 and a twelve month high of $215.68.

Insider Activity at Paylocity

In other news, Director Steven I. Sarowitz sold 12,226 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $196.29, for a total transaction of $2,399,841.54. Following the completion of the sale, the director now owns 9,300,847 shares in the company, valued at approximately $1,825,663,257.63. This represents a 0.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Rachit Lohani sold 658 shares of Paylocity stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $162.83, for a total value of $107,142.14. Following the completion of the transaction, the senior vice president now owns 39,764 shares in the company, valued at $6,474,772.12. The trade was a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,527 shares of company stock valued at $8,731,875 over the last ninety days. Insiders own 21.91% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on PCTY shares. JMP Securities reiterated a “market outperform” rating and issued a $250.00 price objective on shares of Paylocity in a research report on Monday, August 5th. Jefferies Financial Group lifted their price target on Paylocity from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, October 31st. KeyCorp increased their price objective on Paylocity from $187.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. StockNews.com raised Paylocity from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Mizuho increased their price target on Paylocity from $175.00 to $180.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Paylocity has a consensus rating of “Moderate Buy” and a consensus price target of $196.64.

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.