Versor Investments LP Has $609,000 Holdings in Paylocity Holding Co. (NASDAQ:PCTY)

Versor Investments LP cut its position in shares of Paylocity Holding Co. (NASDAQ:PCTY) by 74.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,689 shares of the software maker’s stock after selling 10,527 shares during the period. Versor Investments LP’s holdings in Paylocity were worth $609,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Chicago Partners Investment Group LLC increased its holdings in Paylocity by 3.7% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,282 shares of the software maker’s stock valued at $395,000 after buying an additional 82 shares during the period. Covestor Ltd boosted its position in shares of Paylocity by 6.4% during the 3rd quarter. Covestor Ltd now owns 1,373 shares of the software maker’s stock valued at $227,000 after acquiring an additional 83 shares in the last quarter. King Luther Capital Management Corp increased its stake in Paylocity by 1.0% in the second quarter. King Luther Capital Management Corp now owns 9,981 shares of the software maker’s stock valued at $1,316,000 after acquiring an additional 103 shares during the period. J.Safra Asset Management Corp raised its position in Paylocity by 80.0% in the first quarter. J.Safra Asset Management Corp now owns 243 shares of the software maker’s stock worth $42,000 after purchasing an additional 108 shares in the last quarter. Finally, SkyOak Wealth LLC lifted its stake in Paylocity by 7.1% during the second quarter. SkyOak Wealth LLC now owns 1,837 shares of the software maker’s stock worth $242,000 after purchasing an additional 122 shares during the period. 94.76% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Rachit Lohani sold 658 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $162.83, for a total transaction of $107,142.14. Following the completion of the sale, the senior vice president now directly owns 39,764 shares of the company’s stock, valued at $6,474,772.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, SVP Rachit Lohani sold 658 shares of Paylocity stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $162.83, for a total transaction of $107,142.14. Following the completion of the sale, the senior vice president now directly owns 39,764 shares of the company’s stock, valued at $6,474,772.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey T. Diehl sold 29,606 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $196.55, for a total value of $5,819,059.30. Following the completion of the transaction, the director now directly owns 11,755 shares in the company, valued at $2,310,445.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,896 shares of company stock valued at $6,049,629. 21.91% of the stock is currently owned by insiders.

Paylocity Price Performance

Paylocity stock opened at $211.62 on Thursday. The business’s 50-day simple moving average is $173.03 and its 200 day simple moving average is $157.87. 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 stock has a market cap of $11.80 billion, a price-to-earnings ratio of 54.12, a P/E/G ratio of 5.34 and a beta of 0.93. Paylocity Holding Co. has a 12-month low of $129.94 and a 12-month high of $215.68.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PCTY shares. Truist Financial upped their price objective on Paylocity from $195.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Piper Sandler increased their price objective on Paylocity from $172.00 to $212.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Mizuho lifted their price objective on Paylocity from $175.00 to $180.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Needham & Company LLC upped their price objective on shares of Paylocity from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, KeyCorp raised their price objective on shares of Paylocity from $187.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Paylocity currently has a consensus rating of “Moderate Buy” and a consensus price target of $196.64.

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.