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

ExodusPoint Capital Management LP increased its holdings in Paylocity Holding Corporation (NASDAQ:PCTY) by 19.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 103,523 shares of the software maker’s stock after buying an additional 16,513 shares during the period. ExodusPoint Capital Management LP owned about 0.19% of Paylocity worth $15,787,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Flagship Harbor Advisors LLC acquired a new position in shares of Paylocity in the 4th quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Paylocity by 363.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 190 shares of the software maker’s stock valued at $29,000 after buying an additional 149 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Paylocity in the 4th quarter valued at about $30,000. Advisory Services Network LLC acquired a new position in shares of Paylocity in the 3rd quarter valued at about $38,000. Finally, Allworth Financial LP boosted its stake in Paylocity by 88.0% during the 3rd quarter. Allworth Financial LP now owns 282 shares of the software maker’s stock valued at $45,000 after purchasing an additional 132 shares during the period. 94.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Paylocity

In other Paylocity news, SVP Andrew Cappotelli sold 899 shares of the business’s stock in a transaction dated 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 approximately $2,033,968.95. The trade was a 4.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 19.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. KeyCorp reduced their target price 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. Stephens reduced their target price on shares of Paylocity from $160.00 to $120.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. Citigroup boosted their target price 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 boosted their target price 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, Raymond James Financial set a $140.00 target price on shares of Paylocity in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Paylocity has an average rating of “Moderate Buy” and an average price target of $160.28.

Paylocity Trading Down 2.5%

Paylocity stock opened at $104.31 on Wednesday. Paylocity Holding Corporation has a 52-week low of $92.99 and a 52-week high of $197.78. The firm has a market capitalization of $5.58 billion, a price-to-earnings ratio of 22.24 and a beta of 0.51. The firm has a 50-day moving average price of $107.28 and a two-hundred day moving average price of $121.89. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.07.

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.