Paylocity Holding Corporation $PCTY Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. reduced its position in Paylocity Holding Corporation (NASDAQ:PCTY) by 68.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,279 shares of the software maker’s stock after selling 11,335 shares during the period. Fox Run Management L.L.C.’s holdings in Paylocity were worth $805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in PCTY. Cerity Partners LLC raised its position in Paylocity by 49.7% during the fourth quarter. Cerity Partners LLC now owns 42,090 shares of the software maker’s stock worth $6,419,000 after acquiring an additional 13,981 shares during the period. Franklin Resources Inc. raised its position in Paylocity by 19.1% during the fourth quarter. Franklin Resources Inc. now owns 28,676 shares of the software maker’s stock worth $4,373,000 after acquiring an additional 4,600 shares during the period. Syon Capital LLC raised its position in Paylocity by 62.7% during the fourth quarter. Syon Capital LLC now owns 5,079 shares of the software maker’s stock worth $775,000 after acquiring an additional 1,958 shares during the period. ING Groep NV raised its position in Paylocity by 135.9% during the fourth quarter. ING Groep NV now owns 21,700 shares of the software maker’s stock worth $3,309,000 after acquiring an additional 12,500 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in Paylocity during the fourth quarter worth $30,000. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Andrew Cappotelli sold 899 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were 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 represents a 4.84% decrease in their ownership of the stock. The transaction was disclosed in a 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.

Wall Street Analysts Forecast Growth

PCTY has been the subject of a number of research analyst reports. Citizens Jmp reduced their price objective on shares of Paylocity from $170.00 to $150.00 and set a “market outperform” rating for the company in a research report on Friday, May 8th. KeyCorp reduced their price objective on shares of Paylocity from $190.00 to $172.00 and set an “overweight” rating for the company in a research report on Tuesday, April 28th. 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. Zacks Research upgraded shares of Paylocity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 20th. Finally, Jefferies Financial Group set a $135.00 price objective on shares of Paylocity in a research report on Saturday, May 9th. One equities research 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $160.28.

Paylocity Price Performance

Paylocity stock opened at $111.64 on Thursday. Paylocity Holding Corporation has a 52-week low of $92.99 and a 52-week high of $197.78. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 23.80 and a beta of 0.51. The company has a fifty day simple moving average of $107.22 and a 200-day simple moving average of $123.03. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.07.

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.