Louisiana State Employees Retirement System Invests $1.37 Million in Paylocity Holding Corporation $PCTY

Louisiana State Employees Retirement System bought a new position in shares of Paylocity Holding Corporation (NASDAQ:PCTY) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 12,700 shares of the software maker’s stock, valued at approximately $1,372,000.

Several other institutional investors have also bought and sold shares of PCTY. Flagship Harbor Advisors LLC acquired a new position in Paylocity during the fourth quarter worth $27,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Paylocity by 363.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 190 shares of the software maker’s stock worth $29,000 after purchasing an additional 149 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Paylocity during the 4th quarter worth about $30,000. Advisory Services Network LLC bought a new position in Paylocity during the 3rd quarter valued at about $38,000. Finally, Parallel Advisors LLC lifted its holdings in Paylocity by 446.2% during the 4th quarter. Parallel Advisors LLC now owns 284 shares of the software maker’s stock valued at $43,000 after purchasing an additional 232 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on PCTY shares. Zacks Research raised shares of Paylocity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 20th. Stephens cut their target price on shares of Paylocity from $160.00 to $120.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. Wall Street Zen raised Paylocity from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. BMO Capital Markets increased 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, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Paylocity in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $156.61.

Insider Buying and Selling at Paylocity

In related news, SVP Andrew Cappotelli sold 899 shares of the business’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 value of $103,429.95. Following the completion of the transaction, the senior vice president owned 17,679 shares in the company, valued at $2,033,968.95. The trade was a 4.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 19.40% of the stock is currently owned by corporate insiders.

Paylocity Trading Up 3.4%

PCTY opened at $115.10 on Friday. Paylocity Holding Corporation has a 1-year low of $92.99 and a 1-year high of $197.78. The stock has a market capitalization of $6.16 billion, a PE ratio of 24.54 and a beta of 0.52. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average price of $108.05 and a two-hundred day moving average price of $118.27.

About Paylocity

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.