Swedbank AB Has $16.99 Million Stock Position in Paylocity Holding Corporation $PCTY

Swedbank AB lowered its position in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 25.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 111,400 shares of the software maker’s stock after selling 39,000 shares during the quarter. Swedbank AB’s holdings in Paylocity were worth $16,988,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Millennium Management LLC boosted its position in Paylocity by 97.7% during the 3rd quarter. Millennium Management LLC now owns 748,803 shares of the software maker’s stock worth $119,262,000 after acquiring an additional 369,975 shares during the last quarter. Alyeska Investment Group L.P. acquired a new position in Paylocity during the 3rd quarter worth approximately $104,657,000. Dimensional Fund Advisors LP boosted its position in Paylocity by 14.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 616,747 shares of the software maker’s stock worth $98,237,000 after acquiring an additional 76,603 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Paylocity by 22.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 555,393 shares of the software maker’s stock worth $88,459,000 after acquiring an additional 100,400 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in Paylocity by 61.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 552,313 shares of the software maker’s stock worth $87,967,000 after acquiring an additional 209,897 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

Paylocity Stock Performance

Shares of Paylocity stock opened at $113.02 on Tuesday. The business has a fifty day simple moving average of $106.44 and a two-hundred day simple moving average of $125.70. Paylocity Holding Corporation has a 1 year low of $92.99 and a 1 year high of $197.91. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of 24.10 and a beta of 0.49. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.08 and a quick ratio of 1.08.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PCTY shares. Citigroup upped their price target on Paylocity from $133.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Stephens reduced their price target 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. Raymond James Financial set a $140.00 price target on Paylocity in a research report on Friday, May 8th. Barclays increased their price objective on Paylocity from $120.00 to $128.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Finally, Robert W. Baird set a $193.00 price objective on Paylocity in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $160.28.

Insider Transactions at Paylocity

In other Paylocity news, SVP Andrew Cappotelli sold 899 shares of the firm’s stock in a transaction 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 sale, the senior vice president owned 17,679 shares of the company’s stock, valued at $2,033,968.95. This trade represents a 4.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 19.40% of the stock is owned by corporate 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.