ING Groep NV Has $3.31 Million Stock Position in Paylocity Holding Corporation $PCTY

ING Groep NV raised its position in Paylocity Holding Corporation (NASDAQ:PCTY) by 135.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,700 shares of the software maker’s stock after purchasing an additional 12,500 shares during the quarter. ING Groep NV’s holdings in Paylocity were worth $3,309,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in 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 purchasing an additional 100,400 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in Paylocity in the third quarter valued at about $2,580,000. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in 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 purchasing an additional 17,950 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in 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 purchasing an additional 327,082 shares in the last quarter. Finally, Tudor Investment Corp ET AL grew its stake in 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 purchasing an additional 28,016 shares in the last quarter. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Paylocity in a research note on Friday, April 24th. Citigroup boosted their target price on Paylocity from $133.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Citizens Jmp lowered their target price on Paylocity from $170.00 to $150.00 and set a “market outperform” rating on the stock in a research note on Friday, May 8th. 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 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 company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $160.28.

Paylocity Stock Performance

Shares of NASDAQ PCTY opened at $112.07 on Tuesday. 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 $6.00 billion, a price-to-earnings ratio of 23.90 and a beta of 0.51. The business’s 50-day simple moving average is $107.01 and its 200-day simple moving average is $123.47. Paylocity Holding Corporation has a 52 week low of $92.99 and a 52 week high of $197.78.

Insider Activity at Paylocity

In other news, SVP Andrew Cappotelli sold 899 shares of the 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 approximately $2,033,968.95. This represents a 4.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate 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.