Paylocity Holding Co. (NASDAQ:PCTY) Shares Acquired by UMB Bank n.a.

UMB Bank n.a. lifted its position in shares of Paylocity Holding Co. (NASDAQ:PCTY) by 41.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 247 shares of the software maker’s stock after buying an additional 72 shares during the period. UMB Bank n.a.’s holdings in Paylocity were worth $49,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Prospera Private Wealth LLC acquired a new position in shares of Paylocity in the 3rd quarter valued at about $39,000. Signaturefd LLC grew its stake in Paylocity by 121.0% during the third quarter. Signaturefd LLC now owns 305 shares of the software maker’s stock worth $50,000 after buying an additional 167 shares during the period. Quarry LP increased its position in shares of Paylocity by 149.2% in the third quarter. Quarry LP now owns 309 shares of the software maker’s stock worth $51,000 after acquiring an additional 185 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Paylocity by 43.3% in the 4th quarter. GAMMA Investing LLC now owns 384 shares of the software maker’s stock valued at $77,000 after acquiring an additional 116 shares during the period. Finally, Tompkins Financial Corp acquired a new position in shares of Paylocity during the 3rd quarter valued at $82,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Insider Activity

In other Paylocity news, CFO Ryan Glenn sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $203.28, for a total value of $101,640.00. Following the transaction, the chief financial officer now owns 52,134 shares in the company, valued at approximately $10,597,799.52. This represents a 0.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the director now directly owns 11,755 shares of the company’s stock, valued at $2,310,445.25. This trade represents a 71.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 157,486 shares of company stock valued at $31,751,368 over the last three months. Insiders own 21.91% of the company’s stock.

Paylocity Price Performance

NASDAQ:PCTY opened at $206.50 on Friday. The business’s 50-day moving average price is $200.74 and its 200 day moving average price is $176.97. The firm has a market cap of $11.51 billion, a P/E ratio of 52.81, a PEG ratio of 4.84 and a beta of 0.93. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.29. Paylocity Holding Co. has a 52-week low of $129.94 and a 52-week high of $215.68.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PCTY shares. Jefferies Financial Group raised their price objective on Paylocity from $215.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, December 9th. KeyCorp lifted their price target on shares of Paylocity from $187.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Piper Sandler raised their price objective on shares of Paylocity from $172.00 to $212.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. TD Cowen cut their target price on shares of Paylocity from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, Truist Financial lifted their price target on Paylocity from $195.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $210.64.

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.