GSA Capital Partners LLP Sells 5,382 Shares of Paylocity Holding Co. (NASDAQ:PCTY)

GSA Capital Partners LLP lessened its stake in shares of Paylocity Holding Co. (NASDAQ:PCTY) by 68.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,455 shares of the software maker’s stock after selling 5,382 shares during the quarter. GSA Capital Partners LLP’s holdings in Paylocity were worth $405,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PCTY. WCM Investment Management LLC grew its stake in shares of Paylocity by 32.6% in the third quarter. WCM Investment Management LLC now owns 5,313 shares of the software maker’s stock worth $857,000 after purchasing an additional 1,306 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of Paylocity by 45.1% in the third quarter. Venturi Wealth Management LLC now owns 544 shares of the software maker’s stock worth $90,000 after purchasing an additional 169 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Paylocity by 14.6% in the third quarter. Crossmark Global Holdings Inc. now owns 3,367 shares of the software maker’s stock worth $556,000 after purchasing an additional 428 shares during the last quarter. Covestor Ltd lifted its holdings in Paylocity by 6.4% in the third quarter. Covestor Ltd now owns 1,373 shares of the software maker’s stock valued at $227,000 after buying an additional 83 shares during the period. Finally, Tompkins Financial Corp acquired a new position in Paylocity in the third quarter valued at $82,000. Institutional investors own 94.76% of the company’s stock.

Insider Buying and Selling

In other Paylocity news, Director Jeffrey T. Diehl sold 946 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $204.74, for a total value of $193,684.04. Following the sale, the director now directly owns 1,767 shares of the company’s stock, valued at approximately $361,775.58. This represents a 34.87 % 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, CAO Nicholas Rost sold 212 shares of the company’s stock in a transaction dated 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 owns 7,364 shares of the company’s stock, valued at approximately $1,423,387.56. This trade represents a 2.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,527 shares of company stock valued at $8,731,875 over the last 90 days. Corporate insiders own 21.91% of the company’s stock.

Paylocity Stock Up 3.3 %

Shares of NASDAQ:PCTY opened at $201.75 on Friday. The stock has a 50 day moving average price of $177.18 and a 200-day moving average price of $159.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.32 and a current ratio of 1.32. Paylocity Holding Co. has a 52-week low of $129.94 and a 52-week high of $215.68. The firm has a market capitalization of $11.25 billion, a P/E ratio of 51.60, a P/E/G ratio of 4.89 and a beta of 0.93.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PCTY shares. StockNews.com upgraded shares of Paylocity from a “hold” rating to a “buy” rating in a report on Thursday. BMO Capital Markets upped their price objective on shares of Paylocity from $175.00 to $203.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Jefferies Financial Group upped their price objective on shares of Paylocity from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, October 31st. JMP Securities reiterated a “market outperform” rating and set a $250.00 price objective on shares of Paylocity in a report on Monday, August 5th. Finally, Mizuho upped their price objective on shares of Paylocity from $175.00 to $180.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.64.

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.