Paylocity Holding Co. (NASDAQ:PCTY) Stock Position Trimmed by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. trimmed its position in shares of Paylocity Holding Co. (NASDAQ:PCTY) by 98.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 200 shares of the software maker’s stock after selling 16,293 shares during the period. Asset Management One Co. Ltd.’s holdings in Paylocity were worth $33,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Chicago Partners Investment Group LLC grew its holdings in Paylocity by 3.7% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,282 shares of the software maker’s stock worth $395,000 after buying an additional 82 shares in the last quarter. Insight Folios Inc acquired a new position in Paylocity during the 3rd quarter worth $203,000. State of Alaska Department of Revenue boosted its position in Paylocity by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,046 shares of the software maker’s stock worth $832,000 after acquiring an additional 340 shares during the period. Masso Torrence Wealth Management Inc. bought a new position in shares of Paylocity in the third quarter worth $251,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Paylocity by 1,896.9% during the third quarter. Assenagon Asset Management S.A. now owns 47,966 shares of the software maker’s stock valued at $7,913,000 after purchasing an additional 45,564 shares during the period. Institutional investors own 94.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PCTY. KeyCorp increased their target price on shares of Paylocity from $187.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. StockNews.com cut shares of Paylocity from a “buy” rating to a “hold” rating in a report on Saturday. Barclays boosted their target price on Paylocity from $174.00 to $180.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Mizuho upped their target price on Paylocity from $175.00 to $180.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, BMO Capital Markets lifted their price target on Paylocity from $175.00 to $203.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $196.64.

Insider Activity

In related news, CFO Ryan Glenn sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $203.28, for a total value of $101,640.00. Following the completion of the transaction, the chief financial officer now owns 52,134 shares of the company’s stock, valued at approximately $10,597,799.52. This trade 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. In other news, 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 completion of the sale, the senior vice president now directly owns 39,764 shares of the company’s stock, valued at $6,474,772.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ryan Glenn sold 500 shares of the business’s stock in a transaction that occurred on 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 $10,597,799.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,896 shares of company stock worth $6,049,629 over the last 90 days. 21.91% of the stock is owned by company insiders.

Paylocity Price Performance

NASDAQ PCTY opened at $211.17 on Tuesday. Paylocity Holding Co. has a 1 year low of $129.94 and a 1 year high of $215.68. The stock’s 50-day moving average price is $170.00 and its two-hundred day moving average price is $156.71. The company has a market cap of $11.77 billion, a PE ratio of 53.96, a PEG ratio of 5.30 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 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.