Caisse DE Depot ET Placement DU Quebec Has $15.90 Million Stock Holdings in Paylocity Holding Co. (NASDAQ:PCTY)

Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Paylocity Holding Co. (NASDAQ:PCTY) by 113.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 96,406 shares of the software maker’s stock after purchasing an additional 51,276 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Paylocity were worth $15,904,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in PCTY. UMB Bank n.a. boosted its holdings in Paylocity by 1,650.0% in the third quarter. UMB Bank n.a. now owns 175 shares of the software maker’s stock worth $29,000 after acquiring an additional 165 shares in the last quarter. Prospera Private Wealth LLC bought a new position in shares of Paylocity in the 3rd quarter worth $39,000. Rothschild Investment LLC acquired a new stake in Paylocity in the 2nd quarter valued at $40,000. Signaturefd LLC increased its stake in Paylocity by 121.0% during the 3rd quarter. Signaturefd LLC now owns 305 shares of the software maker’s stock valued at $50,000 after purchasing an additional 167 shares in the last quarter. Finally, Versant Capital Management Inc acquired a new position in Paylocity during the second quarter worth $66,000. Institutional investors own 94.76% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Nicholas Rost sold 212 shares of Paylocity stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $193.29, for a total value of $40,977.48. Following the sale, the chief accounting officer now owns 7,364 shares of the company’s stock, valued at approximately $1,423,387.56. The trade was a 2.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Rachit Lohani sold 658 shares of the company’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 value of $107,142.14. Following the completion of the transaction, the senior vice president now owns 39,764 shares in the company, valued at approximately $6,474,772.12. The trade was a 1.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 75,790 shares of company stock valued at $15,004,635. Company insiders own 21.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on PCTY shares. Truist Financial boosted their target price on shares of Paylocity from $195.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Mizuho increased their price objective on Paylocity from $175.00 to $180.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Piper Sandler lifted their target price on Paylocity from $172.00 to $212.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. BMO Capital Markets upped their price target on Paylocity from $175.00 to $203.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, KeyCorp raised their price objective on Paylocity from $187.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $196.64.

Paylocity Price Performance

Shares of NASDAQ:PCTY opened at $207.54 on Monday. The company has a market capitalization of $11.57 billion, a P/E ratio of 53.08, a price-to-earnings-growth ratio of 5.11 and a beta of 0.93. The company’s 50-day moving average is $183.90 and its 200 day moving average is $161.25. 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 fifty-two week low of $129.94 and a fifty-two week high of $215.68.

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.