Intech Investment Management LLC Sells 4,937 Shares of Paylocity Holding Corporation $PCTY

Intech Investment Management LLC lessened its position in Paylocity Holding Corporation (NASDAQ:PCTY) by 49.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,045 shares of the software maker’s stock after selling 4,937 shares during the period. Intech Investment Management LLC’s holdings in Paylocity were worth $769,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Millennium Management LLC increased its position in shares of Paylocity by 97.7% during the third quarter. Millennium Management LLC now owns 748,803 shares of the software maker’s stock worth $119,262,000 after acquiring an additional 369,975 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of Paylocity during the third quarter worth $104,657,000. Dimensional Fund Advisors LP increased its position in shares of Paylocity by 14.2% during the third quarter. Dimensional Fund Advisors LP now owns 616,747 shares of the software maker’s stock worth $98,237,000 after acquiring an additional 76,603 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Paylocity by 22.1% during the third quarter. JPMorgan Chase & Co. now owns 555,393 shares of the software maker’s stock worth $88,459,000 after acquiring an additional 100,400 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its position in shares of Paylocity by 61.3% during the third quarter. Qube Research & Technologies Ltd now owns 552,313 shares of the software maker’s stock worth $87,967,000 after acquiring an additional 209,897 shares in the last quarter. Institutional investors own 94.76% of the company’s stock.

Paylocity Stock Performance

Shares of PCTY stock opened at $112.07 on Tuesday. The stock has a market cap of $6.00 billion, a P/E ratio of 23.90 and a beta of 0.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.08 and a quick ratio of 1.08. The company has a fifty day moving average price of $107.01 and a two-hundred day moving average price of $123.47. Paylocity Holding Corporation has a one year low of $92.99 and a one year high of $197.78.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PCTY. UBS Group increased their price objective on shares of Paylocity from $114.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Citizens Jmp decreased their target price on shares of Paylocity from $170.00 to $150.00 and set a “market outperform” rating for the company in a research report on Friday, May 8th. KeyCorp decreased their target price on shares of Paylocity from $190.00 to $172.00 and set an “overweight” rating for the company in a research report on Tuesday, April 28th. BMO Capital Markets raised their target price on shares of Paylocity from $135.00 to $143.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Finally, Wall Street Zen downgraded shares of Paylocity from a “buy” rating to a “hold” rating in a research report on Sunday, February 22nd. 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 given a Sell rating to the company’s stock. According to data from MarketBeat, Paylocity presently has an average 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 the 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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.

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.