<div id="readability-page-1"><p>Entropy Technologies LP lowered its holdings in shares of  Paylocity Holding Co. (NASDAQ:PCTY - Free Report) by 74.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,231 shares of the software maker's stock after selling 3,600 shares during the period. Entropy Technologies LP's holdings in Paylocity were worth $203,000 as of its most recent filing with the SEC.</p><ul><li>3 Payroll Software Makers Set For Growth In 2023</li></ul><p>Other large investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of  Paylocity by 24.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 25,816 shares of the software maker's stock worth $4,437,000 after buying an additional 5,000 shares during the period.  Orion Portfolio Solutions LLC increased its stake in shares of  Paylocity by 37.7% in the first quarter. Orion Portfolio Solutions LLC now owns 9,511 shares of the software maker's stock worth $1,635,000 after buying an additional 2,605 shares during the period.  Seven Eight Capital LP purchased a new stake in  Paylocity during the 1st quarter valued at $348,000.  UniSuper Management Pty Ltd grew its holdings in  Paylocity by 100.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 600 shares of the software maker's stock worth $103,000 after acquiring an additional 300 shares during the last quarter.  Finally, CANADA LIFE ASSURANCE Co increased its position in shares of  Paylocity by 13.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 60,997 shares of the software maker's stock valued at $10,484,000 after acquiring an additional 7,144 shares during the period. Hedge funds and other institutional investors own  94.76% of the company's stock. </p><h2>Insiders Place Their Bets</h2><p>In related news, CFO Ryan Glenn sold 500 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $203.28, for a total transaction of $101,640.00. Following the completion of the sale, the chief financial officer now owns 52,134 shares of the company's stock, valued at $10,597,799.52. This trade represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is available at the SEC website. Also, SVP Rachit Lohani sold 658 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $162.83, for a total value of $107,142.14. Following the sale, the senior vice president now owns 39,764 shares in the company, valued at approximately $6,474,772.12. This represents a 1.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,896 shares of company stock valued at $6,049,629. 21.91% of the stock is currently owned by corporate insiders. </p><h2>Paylocity Stock Performance</h2><ul><li>3 Software Plays Showing Signs of Recovery</li></ul><p>Shares of PCTY opened at $197.79 on Monday. Paylocity Holding Co. has a 52 week low of $129.94 and a 52 week high of $215.68. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.29. The stock has a market cap of $11.03 billion, a P/E ratio of 50.59, a P/E/G ratio of 4.96 and a beta of 0.93. The business's 50 day moving average price is $174.91 and its 200-day moving average price is $158.50. </p><h2>Analysts Set New Price Targets</h2><p>PCTY has been the subject of a number of analyst reports. Barclays increased their target price on shares of Paylocity from $174.00 to $180.00 and gave the stock an &#34;equal weight&#34; rating in a report on Thursday, October 31st. Piper Sandler raised their price target on Paylocity from $172.00 to $212.00 and gave the stock an &#34;overweight&#34; rating in a research note on Thursday, October 31st. Needham &amp; Company LLC boosted their price objective on shares of Paylocity from $200.00 to $220.00 and gave the company a &#34;buy&#34; rating in a research report on Thursday, October 31st. Mizuho raised their target price on shares of Paylocity from $175.00 to $180.00 and gave the stock a &#34;neutral&#34; rating in a research report on Monday, November 4th. Finally, KeyCorp boosted their price target on shares of Paylocity from $187.00 to $210.00 and gave the company an &#34;overweight&#34; rating in a research report on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and eleven have issued  a buy rating to the company. Based on data from MarketBeat, the company  has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $196.64.</p><p><b>Read Our Latest Stock Analysis on PCTY</b></p><h2>About Paylocity</h2> (Free Report)<p>Paylocity Holding Corporation engages in the provision of cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers payroll software solution for global payroll, expense management, tax services, on demand payment, and garnishment managed services; and time and labor management software for time and attendance, scheduling, and time collection.</p><h2>See Also</h2><ul><li>Five stocks we like better than Paylocity</li><li>Golden Cross Stocks: Pattern, Examples and Charts </li><li>Warren Buffett, Cathie Wood Own Nu Holdings, Should You? </li><li>Top Stocks Investing in 5G Technology</li><li>MercadoLibre Down 23% After Missed Earnings: Time to Buy the Dip?</li><li>What Does a Stock Split Mean? </li><li>ORIC: Working with Two Pharma Giants, Analysts See +100% Upside</li></ul><p><strong>Want to see what other hedge funds are holding PCTY?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paylocity Holding Co. (NASDAQ:PCTY - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UENUWQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UENUWQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><p>→ 24/7 Automated Profits in Crypto <span><span>(From Crypto Swap Profits)</span> <span>(Ad)</span></span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD0xMDE2NA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD0xMDE2NA"/></p><h2>Should you invest $1,000 in Paylocity right now?</h2><p>Before you consider Paylocity, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Paylocity wasn't on the list.</p><p>While Paylocity currently has a &#34;Moderate Buy&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

PCTY

<p>Entropy Technologies LP has reduced its stake in Paylocity Holding Co. (NASDAQ:PCTY) by 74.5%, selling 3,600 shares during Q3, leaving it with 1,231 shares. Other investors, including Mitsubishi UFJ Asset Management and Orion Portfolio Solutions, have increased their holdings. Insiders have also sold shares, with CFO Ryan Glenn selling 500 shares. Paylocity's stock opened at $79.79, with a market cap of $4.03 billion. Analysts have raised their price targets, with Barclays and Piper Sandler giving it an "equal weight" and "overweight" rating, respectively.</p>

Entropy Technologies LP Sells 3,600 Shares of Paylocity Holding Co. (NASDAQ:PCTY)