Orion Portfolio Solutions LLC Sells 475 Shares of Paylocity Holding Co. (NASDAQ:PCTY)

Orion Portfolio Solutions LLC trimmed its holdings in Paylocity Holding Co. (NASDAQ:PCTY) by 5.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 8,023 shares of the software maker’s stock after selling 475 shares during the period. Orion Portfolio Solutions LLC’s holdings in Paylocity were worth $1,324,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of PCTY. iSAM Funds UK Ltd bought a new stake in shares of Paylocity during the 3rd quarter valued at about $321,000. Castleark Management LLC bought a new stake in shares of Paylocity during the 3rd quarter valued at about $269,000. Voya Financial Advisors Inc. bought a new stake in shares of Paylocity during the 3rd quarter valued at about $211,000. Sora Investors LLC bought a new stake in shares of Paylocity during the 3rd quarter valued at about $6,535,000. Finally, Stifel Financial Corp grew its stake in shares of Paylocity by 0.6% during the 3rd quarter. Stifel Financial Corp now owns 23,412 shares of the software maker’s stock valued at $3,862,000 after purchasing an additional 133 shares during the period. 94.76% of the stock is currently owned by institutional investors.

Insider Transactions at Paylocity

In other news, CAO Nicholas Rost sold 212 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 7,364 shares of the company’s stock, valued at $1,423,387.56. This represents a 2.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Andrew Cappotelli sold 247 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $193.29, for a total value of $47,742.63. Following the sale, the senior vice president now owns 14,634 shares in the company, valued at $2,828,605.86. The trade was a 1.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 129,089 shares of company stock valued at $25,991,644 in the last ninety days. Corporate insiders own 21.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on PCTY shares. BMO Capital Markets boosted their price objective on Paylocity from $175.00 to $203.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Needham & Company LLC boosted their price objective on Paylocity from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group boosted 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. Piper Sandler boosted their price objective on Paylocity from $172.00 to $212.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, TD Cowen boosted their price objective on Paylocity from $208.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Paylocity has an average rating of “Moderate Buy” and an average price target of $205.71.

Paylocity Stock Down 2.2 %

Shares of PCTY opened at $200.17 on Friday. The stock has a market capitalization of $11.16 billion, a price-to-earnings ratio of 51.19, a price-to-earnings-growth ratio of 5.00 and a beta of 0.92. Paylocity Holding Co. has a 1 year low of $129.94 and a 1 year high of $215.68. The business’s 50 day simple moving average is $191.97 and its 200-day simple moving average is $164.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.32 and a quick ratio of 1.32.

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.