Intech Investment Management LLC Has $769,000 Stake in Paylocity Holding Corporation $PCTY

Intech Investment Management LLC decreased its holdings in Paylocity Holding Corporation (NASDAQ:PCTY) by 49.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,045 shares of the software maker’s stock after selling 4,937 shares during the period. Intech Investment Management LLC’s holdings in Paylocity were worth $769,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Baker Avenue Asset Management LP raised its stake in Paylocity by 51.1% in the 4th quarter. Baker Avenue Asset Management LP now owns 3,724 shares of the software maker’s stock worth $568,000 after purchasing an additional 1,259 shares in the last quarter. AlphaQuest LLC raised its stake in Paylocity by 5.5% in the 4th quarter. AlphaQuest LLC now owns 26,159 shares of the software maker’s stock worth $3,989,000 after purchasing an additional 1,355 shares in the last quarter. Kestra Investment Management LLC raised its stake in Paylocity by 8.4% in the 4th quarter. Kestra Investment Management LLC now owns 22,234 shares of the software maker’s stock worth $3,391,000 after purchasing an additional 1,732 shares in the last quarter. Fisher Asset Management LLC raised its stake in Paylocity by 1.7% in the 4th quarter. Fisher Asset Management LLC now owns 7,382 shares of the software maker’s stock worth $1,126,000 after purchasing an additional 122 shares in the last quarter. Finally, New Age Alpha Advisors LLC increased its holdings in Paylocity by 1.9% in the 4th quarter. New Age Alpha Advisors LLC now owns 9,888 shares of the software maker’s stock valued at $1,508,000 after buying an additional 182 shares during the period. Institutional investors and hedge funds own 94.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on PCTY. Raymond James Financial set a $140.00 target price on shares of Paylocity in a report on Friday, May 8th. Barclays raised their target price on shares of Paylocity from $120.00 to $128.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Robert W. Baird set a $193.00 target price on shares of Paylocity in a report on Friday, May 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Paylocity in a report on Friday, April 24th. Finally, Jefferies Financial Group set a $135.00 target price on shares of Paylocity in a report on Saturday, May 9th. One 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 given a Sell rating to the company. According to MarketBeat.com, Paylocity currently has an average rating of “Moderate Buy” and an average price target of $160.28.

Insider Buying and Selling

In related 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 sale, the senior vice president directly owned 17,679 shares in the company, valued at $2,033,968.95. This trade represents a 4.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 Down 1.2%

Shares of Paylocity stock opened at $112.07 on Tuesday. The firm has a market capitalization of $6.00 billion, a PE ratio of 23.90 and a beta of 0.51. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. The firm’s 50 day moving average is $107.01 and its 200 day moving average is $123.47. Paylocity Holding Corporation has a 1 year low of $92.99 and a 1 year high of $197.78.

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.