6,243 Shares in Paylocity Holding Corporation $PCTY Acquired by Havemeyer Place LP

Havemeyer Place LP purchased a new position in shares of Paylocity Holding Corporation (NASDAQ:PCTY) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,243 shares of the software maker’s stock, valued at approximately $952,000.

Other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its holdings in Paylocity by 2.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,313 shares of the software maker’s stock valued at $528,000 after buying an additional 81 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Paylocity by 35.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 428 shares of the software maker’s stock valued at $77,000 after buying an additional 111 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Paylocity by 1.7% in the 4th quarter. Fisher Asset Management LLC now owns 7,382 shares of the software maker’s stock valued at $1,126,000 after buying an additional 122 shares in the last quarter. True Wealth Design LLC grew its holdings in Paylocity by 43.4% in the 4th quarter. True Wealth Design LLC now owns 410 shares of the software maker’s stock valued at $63,000 after buying an additional 124 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in Paylocity by 88.0% in the 3rd quarter. Allworth Financial LP now owns 282 shares of the software maker’s stock valued at $45,000 after buying an additional 132 shares in the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

Paylocity Stock Performance

Shares of Paylocity stock opened at $113.46 on Monday. Paylocity Holding Corporation has a 52 week low of $92.99 and a 52 week high of $197.78. The business’s fifty day simple moving average is $106.99 and its 200-day simple moving average is $123.70. 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 quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.07.

Analysts Set New Price Targets

PCTY has been the subject of several analyst reports. BMO Capital Markets upped their target price on Paylocity from $135.00 to $143.00 and gave the company an “outperform” rating in a report on Friday, May 8th. KeyCorp dropped their target price on Paylocity from $190.00 to $172.00 and set an “overweight” rating for the company in a report on Tuesday, April 28th. Raymond James Financial set a $140.00 target price on Paylocity in a report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Paylocity in a research note on Friday, April 24th. Finally, Citigroup upped their price target on Paylocity from $133.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.28.

Insider Transactions at Paylocity

In other Paylocity news, SVP Andrew Cappotelli sold 899 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $115.05, for a total transaction of $103,429.95. Following the sale, the senior vice president directly owned 17,679 shares in the company, valued at $2,033,968.95. This represents a 4.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 19.40% of the company’s stock.

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.