Kestra Advisory Services LLC Has $939,000 Stock Holdings in Paylocity Holding Corporation $PCTY

Kestra Advisory Services LLC grew its holdings in Paylocity Holding Corporation (NASDAQ:PCTY) by 495.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 8,687 shares of the software maker’s stock after purchasing an additional 7,228 shares during the period. Kestra Advisory Services LLC’s holdings in Paylocity were worth $939,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. AQR Capital Management LLC raised its stake in Paylocity by 75.1% during the fourth quarter. AQR Capital Management LLC now owns 943,591 shares of the software maker’s stock worth $143,747,000 after acquiring an additional 404,605 shares in the last quarter. Morgan Stanley boosted its stake in shares of Paylocity by 117.9% in the 4th quarter. Morgan Stanley now owns 817,209 shares of the software maker’s stock valued at $124,625,000 after purchasing an additional 442,218 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Paylocity by 97.7% in the 3rd quarter. Millennium Management LLC now owns 748,803 shares of the software maker’s stock valued at $119,262,000 after purchasing an additional 369,975 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Paylocity by 6.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 659,472 shares of the software maker’s stock valued at $100,570,000 after purchasing an additional 42,725 shares during the last quarter. Finally, Alyeska Investment Group L.P. acquired a new position in Paylocity during the 3rd quarter worth approximately $104,657,000. Institutional investors and hedge funds own 94.76% of the company’s stock.

Insider Activity at Paylocity

In related news, SVP Andrew Cappotelli sold 899 shares of the firm’s 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 sale, the senior vice president owned 17,679 shares of the company’s stock, valued at $2,033,968.95. This trade represents a 4.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 currently owned by insiders.

Paylocity Stock Down 0.1%

Shares of PCTY opened at $120.60 on Friday. The stock’s 50-day moving average price is $112.74 and its two-hundred day moving average price is $115.02. Paylocity Holding Corporation has a 12 month low of $92.99 and a 12 month high of $197.78. The company has a market capitalization of $6.46 billion, a PE ratio of 25.71 and a beta of 0.52. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07.

Analysts Set New Price Targets

PCTY has been the subject of several research reports. UBS Group increased their price objective on shares of Paylocity from $122.00 to $128.00 and gave the company a “neutral” rating in a research note on Wednesday. Zacks Research upgraded Paylocity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 20th. Wall Street Zen cut Paylocity from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. BMO Capital Markets lifted their price target on Paylocity from $135.00 to $143.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, Citizens Jmp lowered their price objective on Paylocity from $170.00 to $150.00 and set a “market outperform” rating for the company in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Paylocity has a consensus rating of “Moderate Buy” and an average target price of $151.88.

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.