Nomura Asset Management Co. Ltd. Has $967,000 Holdings in Paylocity Holding Corporation $PCTY

Nomura Asset Management Co. Ltd. cut its holdings in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 59.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,343 shares of the software maker’s stock after selling 9,310 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Paylocity were worth $967,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of Paylocity by 22.1% in the third quarter. JPMorgan Chase & Co. now owns 555,393 shares of the software maker’s stock valued at $88,459,000 after acquiring an additional 100,400 shares during the period. Hillsdale Investment Management Inc. bought a new position in shares of Paylocity in the third quarter valued at approximately $2,580,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Paylocity by 60.8% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 47,486 shares of the software maker’s stock valued at $7,249,000 after acquiring an additional 17,950 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Paylocity by 311.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 432,070 shares of the software maker’s stock valued at $65,891,000 after acquiring an additional 327,082 shares during the period. Finally, Tudor Investment Corp ET AL boosted its position in shares of Paylocity by 50.7% in the third quarter. Tudor Investment Corp ET AL now owns 83,304 shares of the software maker’s stock valued at $13,268,000 after acquiring an additional 28,016 shares during the period. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PCTY. Jefferies Financial Group set a $135.00 price objective on shares of Paylocity in a research report on Saturday, May 9th. BMO Capital Markets raised their price objective on shares of Paylocity from $135.00 to $143.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Stifel Nicolaus dropped their target price on shares of Paylocity from $188.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Citigroup lifted their target price on shares of Paylocity from $133.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Finally, Raymond James Financial set a $140.00 target price on shares of Paylocity in a research report on Friday, May 8th. One research 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $160.28.

Insider Activity at Paylocity

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

Paylocity Trading Up 0.7%

Shares of Paylocity stock opened at $113.46 on Friday. Paylocity Holding Corporation has a 1 year low of $92.99 and a 1 year high of $197.78. The firm has a market cap of $6.07 billion, a PE ratio of 24.19 and a beta of 0.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.08 and a quick ratio of 1.08. The company has a 50 day simple moving average of $106.99 and a two-hundred day simple moving average of $123.86.

Paylocity Company 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.