WCM Investment Management LLC Has $857,000 Stock Position in Paylocity Holding Co. (NASDAQ:PCTY)

WCM Investment Management LLC increased its stake in shares of Paylocity Holding Co. (NASDAQ:PCTY) by 32.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,313 shares of the software maker’s stock after acquiring an additional 1,306 shares during the quarter. WCM Investment Management LLC’s holdings in Paylocity were worth $857,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. UMB Bank n.a. increased its holdings in shares of Paylocity by 1,650.0% during the 3rd quarter. UMB Bank n.a. now owns 175 shares of the software maker’s stock worth $29,000 after purchasing an additional 165 shares during the period. Rothschild Investment LLC acquired a new position in Paylocity in the 2nd quarter valued at approximately $40,000. J.Safra Asset Management Corp lifted its position in shares of Paylocity by 80.0% in the 1st quarter. J.Safra Asset Management Corp now owns 243 shares of the software maker’s stock worth $42,000 after acquiring an additional 108 shares during the period. Signaturefd LLC grew its holdings in shares of Paylocity by 121.0% during the 3rd quarter. Signaturefd LLC now owns 305 shares of the software maker’s stock worth $50,000 after purchasing an additional 167 shares in the last quarter. Finally, Versant Capital Management Inc bought a new stake in shares of Paylocity during the second quarter valued at approximately $66,000. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Paylocity

In other news, Director Jeffrey T. Diehl sold 29,606 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $196.55, for a total transaction of $5,819,059.30. Following the transaction, the director now directly owns 11,755 shares in the company, valued at approximately $2,310,445.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Paylocity news, CFO Ryan Glenn sold 500 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $203.28, for a total transaction of $101,640.00. Following the transaction, the chief financial officer now directly owns 52,134 shares in the company, valued at approximately $10,597,799.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey T. Diehl sold 29,606 shares of Paylocity stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $196.55, for a total transaction of $5,819,059.30. Following the sale, the director now owns 11,755 shares of the company’s stock, valued at approximately $2,310,445.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,896 shares of company stock worth $6,049,629. 21.91% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PCTY has been the topic of a number of recent research reports. Truist Financial lifted their price target on shares of Paylocity from $195.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. BTIG Research decreased their target price on shares of Paylocity from $200.00 to $185.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Needham & Company LLC increased their price target on shares of Paylocity from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. JMP Securities restated a “market outperform” rating and set a $250.00 price target on shares of Paylocity in a research note on Monday, August 5th. Finally, Piper Sandler upped their price objective on Paylocity from $172.00 to $212.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Paylocity has a consensus rating of “Moderate Buy” and an average target price of $196.64.

Paylocity Stock Performance

Shares of NASDAQ:PCTY opened at $212.85 on Wednesday. The business has a fifty day moving average of $171.00 and a 200-day moving average of $157.10. The firm has a market cap of $11.87 billion, a PE ratio of 54.45, a price-to-earnings-growth ratio of 5.30 and a beta of 0.93. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.32 and a current ratio of 1.32. Paylocity Holding Co. has a twelve month low of $129.94 and a twelve month high of $215.68.

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.