Paylocity Holding Co. (NASDAQ:PCTY) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its holdings in shares of Paylocity Holding Co. (NASDAQ:PCTY) by 3.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 76,160 shares of the software maker’s stock after buying an additional 2,354 shares during the quarter. Fisher Asset Management LLC’s holdings in Paylocity were worth $12,564,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PCTY. Cerity Partners LLC grew its stake in shares of Paylocity by 28.6% in the 3rd quarter. Cerity Partners LLC now owns 17,046 shares of the software maker’s stock valued at $2,812,000 after purchasing an additional 3,794 shares during the last quarter. Leelyn Smith LLC lifted its holdings in shares of Paylocity by 11.8% during the third quarter. Leelyn Smith LLC now owns 8,581 shares of the software maker’s stock worth $1,416,000 after purchasing an additional 908 shares during the period. Icon Wealth Advisors LLC grew its position in Paylocity by 303.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 10,569 shares of the software maker’s stock valued at $1,698,000 after buying an additional 7,949 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Paylocity by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 282,426 shares of the software maker’s stock valued at $46,592,000 after buying an additional 4,697 shares during the period. Finally, King Luther Capital Management Corp raised its position in Paylocity by 1.7% during the 3rd quarter. King Luther Capital Management Corp now owns 10,149 shares of the software maker’s stock worth $1,674,000 after buying an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Insider Activity

In other news, SVP Rachit Lohani sold 658 shares of the business’s 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Steven I. Sarowitz sold 12,226 shares of Paylocity stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $196.29, for a total value of $2,399,841.54. Following the sale, the director now owns 9,300,847 shares of the company’s stock, valued at approximately $1,825,663,257.63. This represents a 0.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 71,277 shares of company stock worth $14,057,311 over the last ninety days. 21.91% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PCTY shares. Mizuho lifted their target price on shares of Paylocity from $175.00 to $180.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Truist Financial lifted their price objective on Paylocity from $195.00 to $210.00 and gave the company a “buy” rating in a report on Friday, November 1st. Barclays increased their target price on Paylocity from $174.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Piper Sandler lifted their price target on Paylocity from $172.00 to $212.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC increased their price objective on Paylocity from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Paylocity presently has an average rating of “Moderate Buy” and a consensus price target of $196.64.

Paylocity Price Performance

Shares of NASDAQ PCTY opened at $209.87 on Thursday. 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 stock has a market cap of $11.70 billion, a price-to-earnings ratio of 53.68, a PEG ratio of 5.17 and a beta of 0.93. The company’s 50-day moving average price is $182.07 and its 200 day moving average price is $160.76. Paylocity Holding Co. has a 52 week low of $129.94 and a 52 week high of $215.68.

Paylocity Company 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.