Boston Trust Walden Corp Has $24.45 Million Stock Position in Paylocity Holding Corporation $PCTY

Boston Trust Walden Corp lifted its stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 43.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 226,283 shares of the software maker’s stock after purchasing an additional 68,330 shares during the period. Boston Trust Walden Corp’s holdings in Paylocity were worth $24,448,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Flagship Harbor Advisors LLC acquired a new stake in shares of Paylocity in the fourth quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Paylocity by 363.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 190 shares of the software maker’s stock worth $29,000 after buying an additional 149 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Paylocity in the 4th quarter valued at $30,000. Advisory Services Network LLC acquired a new stake in Paylocity during the 3rd quarter worth $38,000. Finally, Parallel Advisors LLC raised its position in shares of Paylocity by 446.2% during the 4th quarter. Parallel Advisors LLC now owns 284 shares of the software maker’s stock valued at $43,000 after acquiring an additional 232 shares during the last quarter. 94.76% of the stock is owned by institutional investors.

Paylocity Stock Performance

Shares of PCTY stock opened at $115.10 on Friday. The stock’s fifty day moving average price is $108.27 and its two-hundred day moving average price is $118.25. The company has a market cap of $6.16 billion, a PE ratio of 24.54 and a beta of 0.52. Paylocity Holding Corporation has a fifty-two week low of $92.99 and a fifty-two week high of $197.78. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.08.

Insider Activity at Paylocity

In other Paylocity news, SVP Andrew Cappotelli sold 899 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $115.05, for a total value of $103,429.95. Following the completion of the transaction, the senior vice president directly owned 17,679 shares in the company, valued at approximately $2,033,968.95. This represents a 4.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 19.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on PCTY shares. Jefferies Financial Group set a $135.00 price target on Paylocity in a research note on Saturday, May 9th. Citizens Jmp lowered their target price on shares of Paylocity from $170.00 to $150.00 and set a “market outperform” rating for the company in a research note on Friday, May 8th. Stephens lowered their target price on shares of Paylocity from $160.00 to $120.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. KeyCorp cut their target price on shares of Paylocity from $190.00 to $172.00 and set an “overweight” rating on the stock in a report on Tuesday, April 28th. Finally, UBS Group boosted their price target on shares of Paylocity from $114.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Paylocity presently has an average rating of “Moderate Buy” and a consensus price target of $156.61.

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.