Paylocity Holding Corporation $PCTY Shares Bought by Boston Trust Walden Corp

Boston Trust Walden Corp lifted its stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 43.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 226,283 shares of the software maker’s stock after acquiring an additional 68,330 shares during the period. Boston Trust Walden Corp owned 0.42% of Paylocity worth $24,448,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PCTY. Flagship Harbor Advisors LLC purchased a new position in Paylocity in the 4th quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Paylocity by 363.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 190 shares of the software maker’s stock valued at $29,000 after purchasing an additional 149 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Paylocity during the 4th quarter valued at approximately $30,000. Advisory Services Network LLC purchased a new stake in Paylocity during the 3rd quarter worth approximately $38,000. Finally, Allworth Financial LP increased its holdings in Paylocity by 88.0% during the 3rd quarter. Allworth Financial LP now owns 282 shares of the software maker’s stock worth $45,000 after purchasing an additional 132 shares during the last quarter. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Raymond James Financial set a $140.00 target price on shares of Paylocity in a research note on Friday, May 8th. Wall Street Zen cut Paylocity from a “buy” rating to a “hold” rating in a research note on Saturday. BMO Capital Markets increased their target price on Paylocity from $135.00 to $143.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Barclays lifted their target price on Paylocity from $120.00 to $128.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Finally, Citizens Jmp lowered their price target on Paylocity from $170.00 to $150.00 and set a “market outperform” rating for the company in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.61.

Insider Buying and Selling

In other Paylocity news, SVP Andrew Cappotelli sold 899 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $115.05, for a total value of $103,429.95. Following the completion of the sale, the senior vice president owned 17,679 shares of the company’s stock, valued at $2,033,968.95. The trade was a 4.84% decrease in their ownership of the stock. The sale 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 owned by corporate insiders.

Paylocity Price Performance

PCTY stock opened at $115.10 on Friday. Paylocity Holding Corporation has a one year low of $92.99 and a one year high of $197.78. The firm has a 50-day moving average of $108.27 and a two-hundred day moving average of $118.25. The firm has a market capitalization of $6.16 billion, a PE ratio of 24.54 and a beta of 0.52. 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 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.