Pacer Advisors Inc. Has $2.25 Million Stock Holdings in Paylocity Holding Corporation $PCTY

Pacer Advisors Inc. raised its position in Paylocity Holding Corporation (NASDAQ:PCTY) by 147.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 14,731 shares of the software maker’s stock after buying an additional 8,769 shares during the period. Pacer Advisors Inc.’s holdings in Paylocity were worth $2,246,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new stake in shares of Paylocity during the fourth quarter worth $27,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Paylocity by 363.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 190 shares of the software maker’s stock valued at $29,000 after acquiring an additional 149 shares during the period. Los Angeles Capital Management LLC bought a new position in Paylocity in the fourth quarter valued at about $30,000. Advisory Services Network LLC bought a new position in Paylocity in the third quarter valued at about $38,000. Finally, Parallel Advisors LLC increased its position in Paylocity by 446.2% in the fourth 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 period. 94.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PCTY. Wall Street Zen raised Paylocity from a “hold” rating to a “buy” rating in a report on Saturday. Barclays raised their target price on shares of Paylocity from $120.00 to $128.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Raymond James Financial set a $140.00 price target on shares of Paylocity in a research note on Friday, May 8th. Stephens cut their price objective on shares of Paylocity from $160.00 to $120.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. Finally, UBS Group raised their price objective on shares of Paylocity from $114.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. One 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $160.28.

Paylocity Trading Up 1.4%

NASDAQ PCTY opened at $100.89 on Wednesday. Paylocity Holding Corporation has a 12 month low of $92.99 and a 12 month high of $197.78. The stock has a 50-day simple moving average of $107.22 and a 200 day simple moving average of $120.27. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $5.40 billion, a PE ratio of 21.51 and a beta of 0.51.

Insider Activity at Paylocity

In other news, SVP Andrew Cappotelli sold 899 shares of the company’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 directly owned 17,679 shares of the company’s stock, valued at $2,033,968.95. This represents a 4.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through 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 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.