Havemeyer Place LP Purchases Shares of 6,243 Paylocity Holding Corporation $PCTY

Havemeyer Place LP purchased a new stake in Paylocity Holding Corporation (NASDAQ:PCTY) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 6,243 shares of the software maker’s stock, valued at approximately $952,000.

Other hedge funds also recently bought and sold shares of the company. Flagship Harbor Advisors LLC acquired a new stake in Paylocity in the 4th quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB raised its position in 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 purchasing an additional 149 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Paylocity in the 3rd quarter valued at about $38,000. Parallel Advisors LLC raised its position in Paylocity by 446.2% in the 4th quarter. Parallel Advisors LLC now owns 284 shares of the software maker’s stock valued at $43,000 after purchasing an additional 232 shares in the last quarter. Finally, Allworth Financial LP raised its position in Paylocity by 88.0% in 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 in the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PCTY. Citizens Jmp reduced their price target on Paylocity from $170.00 to $150.00 and set a “market outperform” rating on the stock in a research report on Friday, May 8th. Jefferies Financial Group set a $135.00 price target on Paylocity in a research report on Saturday, May 9th. Barclays increased their price target on Paylocity from $120.00 to $128.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. BMO Capital Markets raised their target price on Paylocity from $135.00 to $143.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Paylocity in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $160.28.

Insider Buying and Selling

In other Paylocity news, SVP Andrew Cappotelli sold 899 shares of Paylocity stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $115.05, for a total transaction of $103,429.95. Following the transaction, 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 transaction was disclosed in a filing with the SEC, 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 company insiders.

Paylocity Stock Performance

PCTY opened at $113.46 on Monday. The firm has a market cap of $6.07 billion, a price-to-earnings ratio of 24.19 and a beta of 0.51. Paylocity Holding Corporation has a 52 week low of $92.99 and a 52 week high of $197.78. The business’s 50 day moving average is $106.99 and its two-hundred day moving average is $123.70. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.07.

About Paylocity

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.