1,312 Shares in Paylocity Holding Co. (NASDAQ:PCTY) Acquired by Associated Banc Corp

Associated Banc Corp acquired a new position in Paylocity Holding Co. (NASDAQ:PCTY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,312 shares of the software maker’s stock, valued at approximately $216,000.

Other large investors also recently made changes to their positions in the company. UMB Bank n.a. increased its holdings in shares of Paylocity by 1,650.0% in the third quarter. UMB Bank n.a. now owns 175 shares of the software maker’s stock valued at $29,000 after purchasing an additional 165 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in Paylocity in the third quarter valued at about $39,000. Rothschild Investment LLC acquired a new position in Paylocity in the second quarter valued at about $40,000. Signaturefd LLC boosted its stake in Paylocity by 121.0% during the 3rd quarter. Signaturefd LLC now owns 305 shares of the software maker’s stock worth $50,000 after acquiring an additional 167 shares during the last quarter. Finally, Versant Capital Management Inc bought a new stake in Paylocity in the second quarter valued at approximately $66,000. Institutional investors own 94.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PCTY. BTIG Research reduced their price target 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. Mizuho lifted their target price on Paylocity from $175.00 to $180.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. BMO Capital Markets raised their price target on Paylocity from $175.00 to $203.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Jefferies Financial Group lifted their price objective on Paylocity from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, KeyCorp increased their target price on Paylocity from $187.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $196.64.

Paylocity Stock Up 0.8 %

PCTY stock opened at $211.88 on Wednesday. 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 business’s fifty day moving average price is $181.09 and its two-hundred day moving average price is $160.41. Paylocity Holding Co. has a fifty-two week low of $129.94 and a fifty-two week high of $215.68. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of 54.19, a PEG ratio of 5.17 and a beta of 0.93.

Insider Buying and Selling at Paylocity

In other Paylocity news, Director Steven I. Sarowitz sold 11,306 shares of Paylocity stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $204.07, for a total value of $2,307,215.42. Following the transaction, the director now owns 9,243,074 shares in the company, valued at $1,886,234,111.18. The trade was a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jeffrey T. Diehl sold 29,606 shares of Paylocity stock in a transaction 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 completion of the sale, the director now directly owns 11,755 shares of the company’s stock, valued at approximately $2,310,445.25. This trade represents a 71.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,277 shares of company stock valued at $14,057,311 in the last quarter. Company insiders own 21.91% of the company’s stock.

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.