Chicago Capital LLC Has $1.51 Million Stock Position in Paylocity Holding Co. (NASDAQ:PCTY)

Chicago Capital LLC raised its holdings in Paylocity Holding Co. (NASDAQ:PCTY) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,555 shares of the software maker’s stock after buying an additional 394 shares during the quarter. Chicago Capital LLC’s holdings in Paylocity were worth $1,507,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PCTY. Sanctuary Advisors LLC bought a new position in Paylocity during the second quarter worth $194,000. SG Americas Securities LLC raised its holdings in shares of Paylocity by 20.7% during the third quarter. SG Americas Securities LLC now owns 7,053 shares of the software maker’s stock valued at $1,164,000 after purchasing an additional 1,210 shares during the period. Handelsbanken Fonder AB boosted its position in shares of Paylocity by 24.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 12,551 shares of the software maker’s stock worth $2,071,000 after purchasing an additional 2,500 shares in the last quarter. RK Asset Management LLC acquired a new stake in shares of Paylocity in the 3rd quarter valued at about $5,344,000. Finally, UMB Bank n.a. increased its position in Paylocity by 1,650.0% in the 3rd quarter. UMB Bank n.a. now owns 175 shares of the software maker’s stock valued at $29,000 after buying an additional 165 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Paylocity news, Director Steven I. Sarowitz sold 15,444 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $195.43, for a total value of $3,018,220.92. Following the completion of the sale, the director now directly owns 9,272,906 shares of the company’s stock, valued at $1,812,204,019.58. This trade represents a 0.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Ryan Glenn sold 2,600 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $205.40, for a total value of $534,040.00. Following the transaction, the chief financial officer now directly owns 48,150 shares in the company, valued at $9,890,010. This represents a 5.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,880 shares of company stock worth $25,932,309. Insiders own 21.91% of the company’s stock.

Paylocity Stock Up 0.4 %

Shares of NASDAQ:PCTY opened at $206.38 on Tuesday. The company has a market capitalization of $11.51 billion, a PE ratio of 52.78, a price-to-earnings-growth ratio of 5.03 and a beta of 0.95. 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 business has a fifty day moving average price of $201.39 and a two-hundred day moving average price of $179.40.

Analysts Set New Price Targets

A number of equities research analysts have commented on PCTY shares. KeyCorp raised their price objective on Paylocity from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday. Piper Sandler boosted their price target on shares of Paylocity from $172.00 to $212.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. StockNews.com raised shares of Paylocity from a “hold” rating to a “buy” rating in a research note on Saturday, December 7th. Citigroup raised shares of Paylocity from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $214.00 to $231.00 in a research report on Thursday, January 16th. Finally, TD Cowen cut their price target on Paylocity from $235.00 to $228.00 and set a “buy” rating for the company in a research note on Monday, January 6th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Paylocity currently has an average rating of “Moderate Buy” and a consensus target price of $213.86.

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.