Paylocity Holding Corporation $PCTY Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its stake in Paylocity Holding Corporation (NASDAQ:PCTY) by 73.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,911 shares of the software maker’s stock after selling 13,790 shares during the quarter. SG Americas Securities LLC’s holdings in Paylocity were worth $531,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its holdings in Paylocity by 3.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,419 shares of the software maker’s stock worth $521,000 after acquiring an additional 106 shares during the period. Smartleaf Asset Management LLC raised its position in Paylocity by 35.0% during the second quarter. Smartleaf Asset Management LLC now owns 428 shares of the software maker’s stock valued at $77,000 after acquiring an additional 111 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Paylocity by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 7,382 shares of the software maker’s stock valued at $1,126,000 after acquiring an additional 122 shares during the period. True Wealth Design LLC boosted its position in Paylocity by 43.4% in the 4th quarter. True Wealth Design LLC now owns 410 shares of the software maker’s stock worth $63,000 after purchasing an additional 124 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in Paylocity by 0.4% in the 4th quarter. Hsbc Holdings PLC now owns 29,653 shares of the software maker’s stock worth $4,535,000 after purchasing an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Paylocity Price Performance

Paylocity stock opened at $118.84 on Wednesday. The stock has a market capitalization of $6.36 billion, a P/E ratio of 25.34 and a beta of 0.52. The company’s fifty day moving average price is $108.87 and its 200 day moving average price is $117.55. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.08. Paylocity Holding Corporation has a 1 year low of $92.99 and a 1 year high of $197.78.

Insider Transactions at Paylocity

In other news, SVP Andrew Cappotelli sold 899 shares of Paylocity stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $115.05, for a total value of $103,429.95. Following 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 document filed with the Securities & Exchange Commission, 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 insiders.

Analyst Ratings Changes

PCTY has been the subject of several recent research reports. Stephens cut their target price on shares of Paylocity from $160.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, May 8th. Raymond James Financial set a $140.00 price target on shares of Paylocity in a research report on Friday, May 8th. Citizens Jmp cut their price objective on shares of Paylocity from $170.00 to $150.00 and set a “market outperform” rating for the company in a report on Friday, May 8th. Citigroup upped their price objective on shares of Paylocity from $133.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Finally, KeyCorp dropped their target price on Paylocity from $190.00 to $172.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 28th. 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $156.61.

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.