Chicago Partners Investment Group LLC Buys 4,082 Shares of Paylocity Holding Corporation $PCTY

Chicago Partners Investment Group LLC boosted its stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 67.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,094 shares of the software maker’s stock after acquiring an additional 4,082 shares during the period. Chicago Partners Investment Group LLC’s holdings in Paylocity were worth $1,051,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Paylocity by 5.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 136,388 shares of the software maker’s stock valued at $25,551,000 after buying an additional 7,594 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of Paylocity by 24.5% during the 1st quarter. Focus Partners Wealth now owns 1,365 shares of the software maker’s stock worth $256,000 after acquiring an additional 269 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Paylocity by 537.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 465 shares of the software maker’s stock valued at $84,000 after acquiring an additional 392 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Paylocity by 2,782.7% during the 2nd quarter. Marshall Wace LLP now owns 35,688 shares of the software maker’s stock valued at $6,466,000 after acquiring an additional 34,450 shares during the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of Paylocity by 10.0% in the second quarter. Cerity Partners LLC now owns 19,241 shares of the software maker’s stock valued at $3,486,000 after purchasing an additional 1,749 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors.

Insider Activity

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

Paylocity Stock Performance

Shares of NASDAQ:PCTY opened at $123.05 on Thursday. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 26.24 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. The firm’s 50-day moving average is $110.74 and its 200 day moving average is $116.19. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PCTY. Jefferies Financial Group set a $135.00 price target on shares of Paylocity in a research note on Saturday, May 9th. Zacks Research raised shares of Paylocity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 20th. Truist Financial reduced their target price on shares of Paylocity from $180.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, June 29th. Raymond James Financial set a $140.00 target price on shares of Paylocity in a research report on Friday, May 8th. Finally, UBS Group increased their price target on shares of Paylocity from $114.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Paylocity presently has a consensus rating of “Moderate Buy” and an average target price of $156.61.

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.