Y.D. More Investments Ltd Boosts Holdings in Paylocity Holding Co. (NASDAQ:PCTY)

Y.D. More Investments Ltd raised its stake in shares of Paylocity Holding Co. (NASDAQ:PCTY) by 10.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 13,613 shares of the software maker’s stock after acquiring an additional 1,250 shares during the period. Y.D. More Investments Ltd’s holdings in Paylocity were worth $2,715,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CIBC Asset Management Inc increased its holdings in Paylocity by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 1,652 shares of the software maker’s stock valued at $273,000 after acquiring an additional 58 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Paylocity by 41.1% in the fourth quarter. UMB Bank n.a. now owns 247 shares of the software maker’s stock worth $49,000 after buying an additional 72 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in Paylocity by 3.7% during the third quarter. Chicago Partners Investment Group LLC now owns 2,282 shares of the software maker’s stock valued at $395,000 after buying an additional 82 shares during the last quarter. Covestor Ltd increased its stake in Paylocity by 6.4% in the 3rd quarter. Covestor Ltd now owns 1,373 shares of the software maker’s stock worth $227,000 after acquiring an additional 83 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Paylocity by 43.3% during the 4th quarter. GAMMA Investing LLC now owns 384 shares of the software maker’s stock worth $77,000 after acquiring an additional 116 shares in the last quarter. Institutional investors own 94.76% of the company’s stock.

Paylocity Trading Up 2.2 %

Shares of NASDAQ PCTY opened at $210.82 on Wednesday. The business has a fifty day moving average price of $201.29 and a 200 day moving average price of $180.34. Paylocity Holding Co. has a 1-year low of $129.94 and a 1-year high of $215.68. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market capitalization of $11.75 billion, a P/E ratio of 53.92, a price-to-earnings-growth ratio of 5.03 and a beta of 0.95.

Analyst Ratings Changes

Several equities research analysts recently weighed in on PCTY shares. Jefferies Financial Group boosted their price target on shares of Paylocity from $215.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Needham & Company LLC reiterated a “buy” rating and issued a $220.00 price target on shares of Paylocity in a research report on Wednesday, January 15th. StockNews.com upgraded Paylocity from a “hold” rating to a “buy” rating in a research report on Saturday, December 7th. Piper Sandler lifted their target price on Paylocity from $172.00 to $212.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Finally, Citigroup upgraded Paylocity from a “neutral” rating to a “buy” rating and increased their price target for the company from $214.00 to $231.00 in a report on Thursday, January 16th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Paylocity currently has a consensus rating of “Moderate Buy” and an average price target of $213.86.

Insider Buying and Selling at Paylocity

In other Paylocity news, Director Jeffrey T. Diehl sold 946 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $204.74, for a total transaction of $193,684.04. Following the sale, the director now owns 1,767 shares of the company’s stock, valued at approximately $361,775.58. The trade was a 34.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Nicholas Rost sold 212 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $193.29, for a total transaction of $40,977.48. Following the completion of the transaction, the chief accounting officer now directly owns 7,364 shares of the company’s stock, valued at approximately $1,423,387.56. This represents a 2.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 127,380 shares of company stock worth $25,830,669 over the last three months. Corporate insiders own 21.91% of the company’s stock.

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.