Paylocity Holding Co. (NASDAQ:PCTY) Shares Sold by Gilbert & Cook Inc.

Gilbert & Cook Inc. reduced its position in Paylocity Holding Co. (NASDAQ:PCTY) by 2.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,322 shares of the software maker’s stock after selling 70 shares during the period. Gilbert & Cook Inc.’s holdings in Paylocity were worth $383,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PCTY. International Assets Investment Management LLC increased its position in shares of Paylocity by 16,397.9% in the third quarter. International Assets Investment Management LLC now owns 7,754 shares of the software maker’s stock valued at $1,279,000 after buying an additional 7,707 shares in the last quarter. Cetera Advisors LLC acquired a new stake in Paylocity in the 1st quarter valued at about $729,000. Price T Rowe Associates Inc. MD increased its holdings in Paylocity by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,833,794 shares of the software maker’s stock valued at $1,518,176,000 after acquiring an additional 278,607 shares in the last quarter. Capital Research Global Investors acquired a new position in Paylocity during the first quarter worth about $46,902,000. Finally, Plato Investment Management Ltd lifted its holdings in shares of Paylocity by 4,853.3% in the first quarter. Plato Investment Management Ltd now owns 3,715 shares of the software maker’s stock valued at $638,000 after purchasing an additional 3,640 shares in the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PCTY has been the subject of a number of recent research reports. KeyCorp raised their price objective on shares of Paylocity from $187.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. BTIG Research cut their price target on Paylocity from $200.00 to $185.00 and set a “buy” rating for the company in a report on Friday, August 2nd. StockNews.com downgraded Paylocity from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. Truist Financial lifted their price objective on Paylocity from $195.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Jefferies Financial Group upped their target price on shares of Paylocity from $200.00 to $215.00 and gave the company a “buy” 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $196.64.

Paylocity Price Performance

Shares of Paylocity stock opened at $197.79 on Friday. The stock has a market capitalization of $11.03 billion, a P/E ratio of 50.59, a PEG ratio of 4.96 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. The business’s fifty day moving average price is $174.91 and its 200 day moving average price is $158.50. Paylocity Holding Co. has a twelve month low of $129.94 and a twelve month high of $215.68.

Insider Transactions at Paylocity

In related news, CFO Ryan Glenn sold 500 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $203.28, for a total value of $101,640.00. Following the completion of the sale, the chief financial officer now directly owns 52,134 shares in the company, valued at approximately $10,597,799.52. This represents a 0.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Rachit Lohani sold 658 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $162.83, for a total value of $107,142.14. Following the transaction, the senior vice president now owns 39,764 shares in the company, valued at approximately $6,474,772.12. This represents a 1.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,896 shares of company stock worth $6,049,629 in the last three months. 21.91% of the stock is currently owned by company insiders.

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.