Paylocity Holding Corporation $PCTY Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its holdings in Paylocity Holding Corporation (NASDAQ:PCTY) by 6.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,755 shares of the software maker’s stock after buying an additional 5,599 shares during the period. Sei Investments Co.’s holdings in Paylocity were worth $10,345,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in PCTY. Alyeska Investment Group L.P. purchased a new position in Paylocity during the 3rd quarter valued at about $104,657,000. Norges Bank purchased a new stake in shares of Paylocity in the fourth quarter valued at about $88,428,000. Morgan Stanley lifted its holdings in shares of Paylocity by 117.9% in the fourth quarter. Morgan Stanley now owns 817,209 shares of the software maker’s stock valued at $124,625,000 after purchasing an additional 442,218 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Paylocity by 75.1% in the fourth quarter. AQR Capital Management LLC now owns 943,591 shares of the software maker’s stock valued at $143,747,000 after purchasing an additional 404,605 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Paylocity by 261.2% in the fourth quarter. BNP Paribas Financial Markets now owns 534,487 shares of the software maker’s stock valued at $81,509,000 after purchasing an additional 386,494 shares during the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Paylocity

In related news, SVP Andrew Cappotelli sold 899 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $115.05, for a total transaction of $103,429.95. Following the sale, the senior vice president owned 17,679 shares in the company, valued at approximately $2,033,968.95. This trade represents a 4.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 19.40% of the company’s stock.

Analyst Upgrades and Downgrades

PCTY has been the subject of a number of recent research reports. Wall Street Zen cut shares of Paylocity from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. KeyCorp reduced their target price on Paylocity from $190.00 to $172.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 28th. Zacks Research cut Paylocity from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. BMO Capital Markets raised their price target on Paylocity from $135.00 to $143.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, Barclays boosted their price target on Paylocity from $120.00 to $128.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Twelve research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $151.88.

Paylocity Stock Performance

Shares of NASDAQ PCTY opened at $137.90 on Friday. The company has a 50-day simple moving average of $115.60 and a 200-day simple moving average of $114.59. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $7.38 billion, a PE ratio of 29.40 and a beta of 0.52. Paylocity Holding Corporation has a 12 month low of $92.99 and a 12 month high of $197.78.

Paylocity Company Profile

Paylocity (NASDAQ: PCTY) is a leading provider of cloud-based payroll and human capital management (HCM) software designed to streamline workforce administration for mid-sized organizations. The company’s integrated platform automates core functions such as payroll processing, benefits administration, time and labor tracking, and compliance management, enabling employers to manage employee data more efficiently and reduce administrative burdens.

In addition to payroll and HR capabilities, Paylocity offers talent management solutions including recruiting, onboarding, performance tracking, and learning management.