Voya Financial Advisors Inc. Takes Position in Paylocity Holding Co. (NASDAQ:PCTY)

Voya Financial Advisors Inc. acquired a new position in shares of Paylocity Holding Co. (NASDAQ:PCTY) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 1,306 shares of the software maker’s stock, valued at approximately $211,000.

A number of other hedge funds have also recently added to or reduced their stakes in PCTY. International Assets Investment Management LLC boosted its holdings in shares of Paylocity by 16,397.9% in the 3rd quarter. International Assets Investment Management LLC now owns 7,754 shares of the software maker’s stock valued at $1,279,000 after buying an additional 7,707 shares during the period. Cetera Advisors LLC acquired a new position in Paylocity in the first quarter valued at approximately $729,000. Cetera Investment Advisers grew its holdings in shares of Paylocity by 128.7% during the first quarter. Cetera Investment Advisers now owns 11,783 shares of the software maker’s stock valued at $2,025,000 after purchasing an additional 6,630 shares during the last quarter. Qsemble Capital Management LP acquired a new stake in shares of Paylocity during the 2nd quarter worth approximately $842,000. Finally, Quest Partners LLC lifted its holdings in shares of Paylocity by 82,275.0% in the 2nd quarter. Quest Partners LLC now owns 6,590 shares of the software maker’s stock worth $869,000 after purchasing an additional 6,582 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

Paylocity Price Performance

NASDAQ:PCTY opened at $205.80 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.29. The business’s 50-day moving average price is $188.32 and its 200 day moving average price is $162.62. Paylocity Holding Co. has a 52-week low of $129.94 and a 52-week high of $215.68. The firm has a market cap of $11.47 billion, a P/E ratio of 52.63, a PEG ratio of 5.16 and a beta of 0.92.

Analyst Ratings Changes

PCTY has been the topic of several analyst reports. Jefferies Financial Group increased their target price on Paylocity from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Truist Financial lifted their price objective on shares of Paylocity from $195.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Piper Sandler upped their target price on shares of Paylocity from $172.00 to $212.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. StockNews.com raised Paylocity from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Barclays increased their price objective on Paylocity from $174.00 to $180.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Paylocity has an average rating of “Moderate Buy” and a consensus target price of $196.64.

Insider Transactions at Paylocity

In other news, 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 sale, the chief accounting officer now directly owns 7,364 shares of the company’s stock, valued at $1,423,387.56. This trade represents a 2.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Andrew Cappotelli sold 247 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $193.29, for a total value of $47,742.63. Following the sale, the senior vice president now directly owns 14,634 shares in the company, valued at $2,828,605.86. This trade represents a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,327 shares of company stock valued at $20,340,311 in the last quarter. Insiders own 21.91% of the company’s stock.

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.