Jump Financial LLC Sells 30,061 Shares of Paylocity Holding Co. (NASDAQ:PCTY)

Jump Financial LLC lowered its position in shares of Paylocity Holding Co. (NASDAQ:PCTYFree Report) by 94.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,815 shares of the software maker’s stock after selling 30,061 shares during the period. Jump Financial LLC’s holdings in Paylocity were worth $330,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Coppell Advisory Solutions Corp. bought a new stake in Paylocity during the fourth quarter valued at approximately $44,000. Benjamin Edwards Inc. bought a new stake in Paylocity during the second quarter valued at approximately $47,000. UniSuper Management Pty Ltd bought a new stake in Paylocity during the second quarter valued at approximately $55,000. First Horizon Advisors Inc. lifted its position in Paylocity by 19.8% during the second quarter. First Horizon Advisors Inc. now owns 327 shares of the software maker’s stock valued at $60,000 after purchasing an additional 54 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Paylocity by 88.1% in the 1st quarter. Covestor Ltd now owns 331 shares of the software maker’s stock worth $68,000 after acquiring an additional 155 shares during the last quarter. Hedge funds and other institutional investors own 73.65% of the company’s stock.

Paylocity Price Performance

Shares of Paylocity stock opened at $174.95 on Tuesday. The stock has a market cap of $9.83 billion, a price-to-earnings ratio of 59.10, a PEG ratio of 2.87 and a beta of 0.89. The firm’s 50-day moving average is $160.08 and its 200 day moving average is $176.08. Paylocity Holding Co. has a 1 year low of $139.40 and a 1 year high of $230.52.

Analysts Set New Price Targets

PCTY has been the subject of a number of recent research reports. Citigroup boosted their price objective on shares of Paylocity from $180.00 to $182.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. KeyCorp decreased their target price on shares of Paylocity from $197.00 to $186.00 and set an “overweight” rating on the stock in a research note on Friday. Truist Financial decreased their target price on shares of Paylocity from $250.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday. Jefferies Financial Group reissued a “hold” rating and set a $180.00 price objective (down from $240.00) on shares of Paylocity in a research report on Friday, January 5th. Finally, JMP Securities reissued a “market outperform” rating and set a $250.00 price objective on shares of Paylocity in a research report on Monday, January 22nd. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $207.47.

Check Out Our Latest Stock Analysis on Paylocity

Insider Buying and Selling

In related news, CFO Ryan Glenn sold 1,400 shares of the company’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $163.47, for a total value of $228,858.00. Following the transaction, the chief financial officer now owns 34,152 shares in the company, valued at approximately $5,582,827.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 1,622 shares of company stock worth $262,902 in the last quarter. Corporate insiders own 22.50% of the company’s stock.

Paylocity Company Profile

(Free Report)

Paylocity Holding Corporation provides cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers Payroll and Tax Services solution to simplifies payroll, automates processes, and manages compliance requirements within one system; and expense management, on demand payment, and garnishment solutions.

See Also

Want to see what other hedge funds are holding PCTY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paylocity Holding Co. (NASDAQ:PCTYFree Report).

Institutional Ownership by Quarter for Paylocity (NASDAQ:PCTY)

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