Sei Investments Co. Boosts Holdings in Paylocity Holding Corporation $PCTY

Sei Investments Co. raised its position in Paylocity Holding Corporation (NASDAQ:PCTY) by 6.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 95,755 shares of the software maker’s stock after buying an additional 5,599 shares during the quarter. Sei Investments Co. owned about 0.18% of Paylocity worth $10,345,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Flagship Harbor Advisors LLC purchased a new stake in shares of Paylocity in the fourth quarter valued at about $27,000. Los Angeles Capital Management LLC purchased a new position in Paylocity during the fourth quarter worth about $30,000. Advisory Services Network LLC acquired a new stake in Paylocity in the third quarter valued at about $38,000. Parallel Advisors LLC lifted its position in Paylocity by 446.2% in the fourth 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 period. Finally, Leonteq Securities AG purchased a new stake in Paylocity in the 4th quarter valued at approximately $45,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Paylocity Trading Up 0.9%

Shares of Paylocity stock opened at $137.90 on Friday. Paylocity Holding Corporation has a 12-month low of $92.99 and a 12-month high of $197.78. 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 stock has a market cap of $7.38 billion, a PE ratio of 29.40 and a beta of 0.52. The company has a 50-day moving average of $115.60 and a two-hundred day moving average of $114.59.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PCTY. Jefferies Financial Group set a $135.00 target price on Paylocity in a research report on Saturday, May 9th. BMO Capital Markets lifted their price target on Paylocity from $135.00 to $143.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Wall Street Zen lowered Paylocity from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. UBS Group increased their price objective on Paylocity from $122.00 to $128.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Finally, Stephens cut their price objective on Paylocity from $160.00 to $120.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.88.

Insider Activity at Paylocity

In related 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 value of $103,429.95. Following the sale, the senior vice president owned 17,679 shares in the company, 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 at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 19.40% of the stock is owned by company insiders.

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.