Paylocity Holding Corporation $PCTY Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC boosted its stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 393.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,997 shares of the software maker’s stock after buying an additional 8,768 shares during the quarter. Corient Private Wealth LLC’s holdings in Paylocity were worth $1,677,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insiders Place Their Bets

In other Paylocity news, SVP Andrew Cappotelli sold 899 shares of Paylocity 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 transaction, the senior vice president owned 17,679 shares in the company, valued at $2,033,968.95. This trade represents a 4.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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.

Wall Street Analyst Weigh In

PCTY has been the subject of several recent research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Paylocity in a report on Friday, April 24th. Wall Street Zen raised shares of Paylocity from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. KeyCorp cut their price objective 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 target price on Paylocity in a report on Friday, May 8th. Finally, Jefferies Financial Group set a $135.00 price target on Paylocity in a research report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $156.61.

Paylocity Trading Down 1.1%

Shares of PCTY stock opened at $104.53 on Wednesday. The firm’s 50-day simple moving average is $107.65 and its 200-day simple moving average is $118.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.08 and a quick ratio of 1.08. Paylocity Holding Corporation has a 1-year low of $92.99 and a 1-year high of $197.78. The firm has a market cap of $5.60 billion, a P/E ratio of 22.29 and a beta of 0.51.

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.