Landscape Capital Management L.L.C. Buys 9,036 Shares of Paylocity Holding Corporation $PCTY

Landscape Capital Management L.L.C. grew its stake in Paylocity Holding Corporation (NASDAQ:PCTY) by 27.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,946 shares of the software maker’s stock after purchasing an additional 9,036 shares during the quarter. Landscape Capital Management L.L.C. owned approximately 0.08% of Paylocity worth $6,397,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of Paylocity by 22.1% in the third quarter. JPMorgan Chase & Co. now owns 555,393 shares of the software maker’s stock valued at $88,459,000 after purchasing an additional 100,400 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of Paylocity in the third quarter valued at about $2,580,000. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Paylocity by 60.8% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 47,486 shares of the software maker’s stock valued at $7,249,000 after acquiring an additional 17,950 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Paylocity by 311.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 432,070 shares of the software maker’s stock valued at $65,891,000 after acquiring an additional 327,082 shares in the last quarter. Finally, Tudor Investment Corp ET AL grew its stake in shares of Paylocity by 50.7% in the third quarter. Tudor Investment Corp ET AL now owns 83,304 shares of the software maker’s stock valued at $13,268,000 after acquiring an additional 28,016 shares in the last quarter. 94.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on PCTY. KeyCorp decreased their price target on shares of Paylocity from $190.00 to $172.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 28th. Raymond James Financial set a $140.00 price target on shares of Paylocity in a research note on Friday, May 8th. Robert W. Baird set a $193.00 price target on shares of Paylocity in a research note on Friday, May 8th. Citigroup upped their price target on shares of Paylocity from $133.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Finally, Zacks Research upgraded shares of Paylocity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Paylocity currently has an average rating of “Moderate Buy” and an average price target of $160.28.

Paylocity Trading Up 0.6%

Shares of Paylocity stock opened at $108.84 on Friday. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 23.21 and a beta of 0.51. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.07. Paylocity Holding Corporation has a 12-month low of $92.99 and a 12-month high of $197.78. The firm’s 50-day moving average price is $107.30 and its two-hundred day moving average price is $122.64.

Insider Transactions at Paylocity

In other Paylocity news, SVP Andrew Cappotelli sold 899 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $115.05, for a total transaction of $103,429.95. Following the sale, the senior vice president directly owned 17,679 shares in the company, valued at $2,033,968.95. This represents a 4.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 19.40% of the stock is owned by insiders.

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.