Paylocity Holding Corporation $PCTY Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC increased its position in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 97.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 452,153 shares of the software maker’s stock after buying an additional 222,593 shares during the period. Janus Henderson Group PLC’s holdings in Paylocity were worth $48,857,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PCTY. Flagship Harbor Advisors LLC purchased a new position in Paylocity in the fourth quarter worth approximately $27,000. Los Angeles Capital Management LLC acquired a new position in Paylocity during the 4th quarter worth approximately $30,000. Advisory Services Network LLC purchased a new stake in shares of Paylocity in the 3rd quarter valued at approximately $38,000. Parallel Advisors LLC increased its position in shares of 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 during the last quarter. Finally, Leonteq Securities AG acquired a new stake in shares of Paylocity in the 4th quarter valued at $45,000. Institutional investors and hedge funds own 94.76% of the company’s stock.

Paylocity Trading Up 0.9%

Shares of Paylocity stock opened at $137.90 on Friday. The company has a fifty day simple moving average of $115.60 and a 200-day simple moving average of $114.59. Paylocity Holding Corporation has a 12-month low of $92.99 and a 12-month high of $197.78. 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 stock has a market cap of $7.38 billion, a price-to-earnings ratio of 29.40 and a beta of 0.52.

Insider Buying and Selling

In related news, SVP Andrew Cappotelli sold 899 shares of the business’s 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 directly 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 legal 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.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PCTY shares. Truist Financial decreased their price objective on shares of Paylocity from $180.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, June 29th. Weiss Ratings restated a “sell (d+)” rating on shares of Paylocity in a research note on Tuesday, July 21st. Wall Street Zen cut Paylocity from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Jefferies Financial Group set a $135.00 price objective on Paylocity in a research report on Saturday, May 9th. Finally, Barclays increased their price objective on Paylocity from $120.00 to $128.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Twelve analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Paylocity presently has a consensus rating of “Moderate Buy” and an average price target of $151.88.

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.