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

Caisse DE Depot ET Placement DU Quebec raised its position in Paylocity Holding Co. (NASDAQ:PCTY) by 113.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,406 shares of the software maker’s stock after purchasing an additional 51,276 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.17% of Paylocity worth $15,904,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Fred Alger Management LLC boosted its holdings in Paylocity by 2.8% during the third quarter. Fred Alger Management LLC now owns 62,450 shares of the software maker’s stock worth $10,302,000 after purchasing an additional 1,727 shares during the last quarter. Eventide Asset Management LLC acquired a new position in shares of Paylocity during the 3rd quarter worth about $1,154,000. Verition Fund Management LLC grew its holdings in shares of Paylocity by 46.6% in the 3rd quarter. Verition Fund Management LLC now owns 24,506 shares of the software maker’s stock valued at $4,043,000 after acquiring an additional 7,785 shares in the last quarter. Blueshift Asset Management LLC increased its position in shares of Paylocity by 221.1% in the third quarter. Blueshift Asset Management LLC now owns 5,028 shares of the software maker’s stock valued at $829,000 after acquiring an additional 3,462 shares during the last quarter. Finally, FMR LLC raised its holdings in Paylocity by 19.3% during the third quarter. FMR LLC now owns 272,764 shares of the software maker’s stock worth $44,998,000 after acquiring an additional 44,118 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PCTY shares. Barclays boosted their price target on Paylocity from $174.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. StockNews.com downgraded shares of Paylocity from a “buy” rating to a “hold” rating in a report on Friday. KeyCorp lifted their price objective on shares of Paylocity from $187.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Piper Sandler raised their target price on shares of Paylocity from $172.00 to $212.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, JMP Securities reissued a “market outperform” rating and set a $250.00 price target on shares of Paylocity in a research report on Monday, August 5th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Paylocity currently has a consensus rating of “Moderate Buy” and a consensus price target of $196.64.

Paylocity Trading Down 1.1 %

PCTY stock opened at $207.54 on Monday. Paylocity Holding Co. has a 52 week low of $129.94 and a 52 week high of $215.68. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.32 and a current ratio of 1.32. The company’s 50-day simple moving average is $183.90 and its 200 day simple moving average is $161.25. The company has a market capitalization of $11.57 billion, a PE ratio of 53.08, a price-to-earnings-growth ratio of 5.11 and a beta of 0.93.

Insiders Place Their Bets

In other Paylocity news, SVP Rachit Lohani sold 658 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $162.83, for a total transaction of $107,142.14. Following the sale, the senior vice president now directly owns 39,764 shares in the company, valued at $6,474,772.12. This represents a 1.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven I. Sarowitz sold 12,226 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $196.29, for a total transaction of $2,399,841.54. Following the completion of the transaction, the director now owns 9,300,847 shares of the company’s stock, valued at $1,825,663,257.63. The trade was a 0.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,790 shares of company stock worth $15,004,635 in the last quarter. Corporate insiders own 21.91% of the company’s stock.

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.