6,200 Shares in Paylocity Holding Corporation $PCTY Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Paylocity Holding Corporation (NASDAQ:PCTY) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 6,200 shares of the software maker’s stock, valued at approximately $946,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in 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. purchased a new stake in Paylocity in the third quarter valued at $2,580,000. Sawgrass Asset Management LLC purchased a new stake in Paylocity in the third quarter valued at $9,156,000. Assenagon Asset Management S.A. raised its position in 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 purchasing an additional 327,082 shares during the period. Finally, Tudor Investment Corp ET AL raised its position in 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 purchasing an additional 28,016 shares during the period. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on PCTY. Cantor Fitzgerald restated an “overweight” rating on shares of Paylocity in a research report on Thursday, January 29th. TD Cowen restated a “buy” rating on shares of Paylocity in a research report on Friday, February 6th. Mizuho reduced their target price on Paylocity from $180.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Stephens reduced their target price on Paylocity from $160.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. Finally, Citizens Jmp cut their price objective on Paylocity from $170.00 to $150.00 and set a “market outperform” rating on the stock in a report on Friday, May 8th. Fourteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Paylocity has an average rating of “Moderate Buy” and an average target price of $160.28.

Paylocity Price Performance

PCTY stock opened at $107.12 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $5.74 billion, a PE ratio of 22.84 and a beta of 0.49. Paylocity Holding Corporation has a 12-month low of $92.99 and a 12-month high of $201.62. The business’s fifty day moving average price is $106.76 and its 200 day moving average price is $127.11.

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.