Trillium Asset Management LLC Lowers Holdings in Paylocity Holding Corporation $PCTY

Trillium Asset Management LLC decreased its stake in Paylocity Holding Corporation (NASDAQ:PCTY) by 15.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,192 shares of the software maker’s stock after selling 15,736 shares during the quarter. Trillium Asset Management LLC owned approximately 0.16% of Paylocity worth $13,247,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of PCTY. Alyeska Investment Group L.P. purchased a new stake in shares of Paylocity in the third quarter worth about $104,657,000. Norges Bank acquired a new position in Paylocity in the 4th quarter worth about $88,428,000. BNP Paribas Financial Markets raised its holdings in Paylocity by 261.2% in the 4th quarter. BNP Paribas Financial Markets now owns 534,487 shares of the software maker’s stock worth $81,509,000 after purchasing an additional 386,494 shares during the period. AQR Capital Management LLC raised its holdings in Paylocity by 500.6% in the 2nd quarter. AQR Capital Management LLC now owns 449,935 shares of the software maker’s stock worth $81,438,000 after purchasing an additional 375,023 shares during the period. Finally, Millennium Management LLC raised its holdings in Paylocity by 97.7% in the 3rd quarter. Millennium Management LLC now owns 748,803 shares of the software maker’s stock worth $119,262,000 after purchasing an additional 369,975 shares during the period. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Insider Activity at Paylocity

In other Paylocity news, SVP Andrew Cappotelli sold 899 shares of the 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 completion of the transaction, the senior vice president owned 17,679 shares of the company’s stock, valued at $2,033,968.95. This represents 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 through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 19.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on PCTY. KeyCorp reduced their price target on Paylocity from $190.00 to $172.00 and set an “overweight” rating for the company in a report on Tuesday, April 28th. Citigroup upped their price target on Paylocity from $133.00 to $136.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Robert W. Baird set a $193.00 price target on Paylocity in a report on Friday, May 8th. UBS Group upped their price target on Paylocity from $114.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Paylocity in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Paylocity presently has a consensus rating of “Moderate Buy” and an average target price of $160.28.

Paylocity Price Performance

Shares of Paylocity stock opened at $108.84 on Friday. The business has a 50 day simple moving average of $107.30 and a two-hundred day simple moving average of $122.64. Paylocity Holding Corporation has a 12 month low of $92.99 and a 12 month high of $197.78. The stock has a market capitalization of $5.83 billion, a P/E ratio of 23.21 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.

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.