Y Intercept Hong Kong Ltd Purchases New Position in Paylocity Holding Corporation $PCTY

Y Intercept Hong Kong Ltd acquired a new position in shares of Paylocity Holding Corporation (NASDAQ:PCTY) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,238 shares of the software maker’s stock, valued at approximately $782,000.

A number of other institutional investors have also recently bought and sold shares of the company. Flagship Harbor Advisors LLC bought a new position in shares of 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 valued at $29,000 after buying an additional 149 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Paylocity in the 4th quarter valued at $30,000. Advisory Services Network LLC bought a new stake in shares of Paylocity in the 3rd quarter valued at $38,000. Finally, Parallel Advisors LLC increased its position in shares of Paylocity by 446.2% in the 4th quarter. Parallel Advisors LLC now owns 284 shares of the software maker’s stock valued at $43,000 after buying an additional 232 shares in the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

Insider Buying and Selling

In other Paylocity 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 completion of the transaction, the senior vice president owned 17,679 shares of the company’s stock, valued at $2,033,968.95. This represents a 4.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 19.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on PCTY shares. Stephens reduced their target price on Paylocity from $160.00 to $120.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. TD Cowen lowered their price target on Paylocity from $155.00 to $137.00 and set a “buy” rating for the company in a report on Friday, June 26th. BMO Capital Markets increased their price target on Paylocity from $135.00 to $143.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Robert W. Baird set a $193.00 price target on Paylocity in a research report on Friday, May 8th. Finally, Citigroup lifted their price objective on Paylocity from $133.00 to $136.00 and gave the company a “buy” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $156.61.

Paylocity Stock Performance

Shares of Paylocity stock opened at $118.50 on Monday. The firm has a market cap of $6.34 billion, a price-to-earnings ratio of 25.27 and a beta of 0.52. The stock’s 50-day moving average is $109.64 and its 200-day moving average is $116.79. Paylocity Holding Corporation has a one year low of $92.99 and a one year high of $197.78. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.08 and a quick ratio of 1.08.

Paylocity 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.