Paylocity Holding Corporation $PCTY Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP increased its holdings in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 31.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 502,913 shares of the software maker’s stock after acquiring an additional 119,374 shares during the quarter. Quantinno Capital Management LP’s holdings in Paylocity were worth $54,335,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Paylocity by 5.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 136,388 shares of the software maker’s stock worth $25,551,000 after purchasing an additional 7,594 shares in the last quarter. Focus Partners Wealth boosted its holdings in shares of Paylocity by 24.5% in the 1st quarter. Focus Partners Wealth now owns 1,365 shares of the software maker’s stock valued at $256,000 after buying an additional 269 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Paylocity by 537.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 465 shares of the software maker’s stock valued at $84,000 after buying an additional 392 shares during the last quarter. Marshall Wace LLP raised its stake in Paylocity by 2,782.7% during the 2nd quarter. Marshall Wace LLP now owns 35,688 shares of the software maker’s stock worth $6,466,000 after acquiring an additional 34,450 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in Paylocity by 10.0% during the 2nd quarter. Cerity Partners LLC now owns 19,241 shares of the software maker’s stock worth $3,486,000 after acquiring an additional 1,749 shares in the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Andrew Cappotelli sold 899 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $115.05, for a total transaction of $103,429.95. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 19.40% of the stock is currently owned by corporate insiders.

Paylocity Trading Up 4.4%

NASDAQ PCTY opened at $144.79 on Thursday. The firm’s fifty day moving average is $114.60 and its two-hundred day moving average is $114.52. 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 quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $7.75 billion, a PE ratio of 30.87 and a beta of 0.52.

Analysts Set New Price Targets

Several equities analysts have issued reports on PCTY shares. BMO Capital Markets upped their price objective on shares of Paylocity from $135.00 to $143.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Stephens reduced their target price on Paylocity from $160.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, May 8th. KeyCorp decreased their target price on Paylocity from $190.00 to $172.00 and set an “overweight” rating for the company in a research report on Tuesday, April 28th. Robert W. Baird set a $193.00 price target on Paylocity in a research note on Friday, May 8th. Finally, Raymond James Financial set a $140.00 price objective on Paylocity in a research note on Friday, May 8th. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Paylocity currently has an average rating of “Moderate Buy” and an average price target of $151.88.

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.