Fox Run Management L.L.C. Reduces Position in Paylocity Holding Corporation $PCTY

Fox Run Management L.L.C. lessened its stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 68.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,279 shares of the software maker’s stock after selling 11,335 shares during the period. Fox Run Management L.L.C.’s holdings in Paylocity were worth $805,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PCTY. Flagship Harbor Advisors LLC purchased a new stake in Paylocity during the 4th quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB grew its position in Paylocity by 363.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 190 shares of the software maker’s stock worth $29,000 after purchasing an additional 149 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Paylocity during the 4th quarter worth approximately $30,000. Advisory Services Network LLC purchased a new stake in Paylocity during the 3rd quarter worth approximately $38,000. Finally, Parallel Advisors LLC grew its position in Paylocity by 446.2% during the 4th quarter. Parallel Advisors LLC now owns 284 shares of the software maker’s stock worth $43,000 after purchasing an additional 232 shares during the last quarter. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Paylocity Stock Performance

Shares of NASDAQ PCTY opened at $111.64 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. Paylocity Holding Corporation has a 12 month low of $92.99 and a 12 month high of $197.78. The company has a 50 day simple moving average of $107.22 and a two-hundred day simple moving average of $123.03. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 23.80 and a beta of 0.51.

Insider Activity

In related news, SVP Andrew Cappotelli sold 899 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $115.05, for a total value of $103,429.95. Following the completion of the transaction, the senior vice president directly owned 17,679 shares in the company, valued at $2,033,968.95. The trade was a 4.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 19.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on PCTY shares. Raymond James Financial set a $140.00 target price on shares of Paylocity in a research report on Friday, May 8th. Robert W. Baird set a $193.00 price objective on shares of Paylocity in a research note on Friday, May 8th. Citigroup lifted their price objective on shares of Paylocity from $133.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, May 11th. BMO Capital Markets lifted 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. Finally, KeyCorp decreased their price objective on shares of Paylocity from $190.00 to $172.00 and set an “overweight” rating for the company in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $160.28.

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.