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Landscape Capital Management L.L.C. Increases Its Holdings in Paylocity Holding Co. (NASDAQ:PCTY)

Landscape Capital Management L.L.C. Increases Its Holdings in Paylocity Holding Co. (NASDAQ:PCTY)

The most recent 13F filing that Landscape Capital Management L.L.C. submitted to the Securities and Exchange Commission revealed that during the third quarter of 2018, the company increased the number of Paylocity Holding Co. (NASDAQ: PCTY) shares that it owned by 12.9%. (S.E.C.). The institutional investor’s portfolio currently contains 4,513 software developers’ stock shares. This results from the investor making an additional purchase of 516 shares over time. According to the most recent report that Landscape Capital Management L.L.C. presented to the S.E.C., the value of the company’s interest in Paylocity was one million nine hundred thousand dollars.

In addition, several institutional investors have recently adjusted the percentage of the company’s stock in their respective portfolios. During the second quarter, Castle Wealth Management L.L.C. brought the total value of its portfolio up to approximately $37,000 by investing in Paylocity stock. This contributed to an increase in the portfolio’s value. During the third quarter, All spring Global Investments Holdings L.L.C. saw a rise of 9,150.0% in the amount of Paylocity stock it owned as a percentage of the company. All spring Global Investments Holdings L.L.C. now has a total of 185 shares of the software developer’s company, which are currently valued at $44,000. This is because, during the most recent reporting period, the company made an additional purchase of 183 shares, bringing the total number of shares held by the company up to 185. The Northwestern Mutual Wealth Management Company purchased an additional 39.2 percent of Paylocity during the second quarter. The Northwestern Mutual Wealth Management Company is now the owner of 277 software manufacturer’s stock shares, valued at $48,000, thanks to an additional purchase of 78 shares made during the period in question. During the first three months of this year, Covestor Ltd. increased the percentage of ownership it held in Paylocity by 88.1%. Covestor Ltd. now has 331 shares of the software manufacturer’s stock, worth a combined $68,000 after purchasing an additional 155 shares throughout the period in question.

Last but not least, First Horizon Advisors Inc. increased its holdings in Paylocity by a factor of 5,025.0% during the second quarter. This certainly should not be considered the least significant development. First Horizon Advisors Inc. now has 410 software maker’s stock shares, which are currently valued at $71,000 after the company purchased an additional 402 shares during the period in question. Institutional investors and hedge funds collectively own 72.79 percent of the total number of shares issued by the company.

Recent comments contain the viewpoints of several equity analysts who were asked about the company. You can read their responses here. KeyCorp rated the Paylocity company as “overweight” in a research report made available to the public on Friday, November 4, and decreased their target price for the stock from $310.00 to $295.00. The report was published on the Paylocity company’s website. StockNews.com initially covered Paylocity for the first time on October 12, when a research note introducing the company was published that day. They recommended that shareholders “hold” their shares of the company. DA Davidson has lowered its rating on Paylocity from “buy” to “neutral,” and the company now has a price objective of $250.00 set for itself. The company previously recommended purchasing Paylocity. On Friday, October 28, a study note was distributed to the general public so that they might use it. On Friday, November 4, Piper Jaffray released a research note that increased their price objective on Paylocity from $269.00 to $276.00 and categorized the stock as “overweight.” This is where you can view Piper Sandler’s paper. Citigroup has reduced its price objective for Paylocity from $294.00

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