Bridgefront Capital LLC Has $1.69 Million Stock Holdings in Paylocity Holding Corporation $PCTY

Bridgefront Capital LLC increased its stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 116.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,581 shares of the software maker’s stock after buying an additional 5,695 shares during the period. Paylocity accounts for about 0.5% of Bridgefront Capital LLC’s portfolio, making the stock its 22nd largest holding. Bridgefront Capital LLC’s holdings in Paylocity were worth $1,685,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. SBI Securities Co. Ltd. raised its holdings in Paylocity by 47.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 252 shares of the software maker’s stock valued at $46,000 after acquiring an additional 81 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Paylocity during the third quarter worth approximately $41,000. Employees Retirement System of Texas acquired a new position in shares of Paylocity in the second quarter valued at approximately $51,000. True Wealth Design LLC grew its position in shares of Paylocity by 155.4% in the third quarter. True Wealth Design LLC now owns 286 shares of the software maker’s stock valued at $46,000 after purchasing an additional 174 shares during the last quarter. Finally, SJS Investment Consulting Inc. increased its stake in shares of Paylocity by 14,800.0% during the third quarter. SJS Investment Consulting Inc. now owns 298 shares of the software maker’s stock worth $47,000 after purchasing an additional 296 shares during the period. Institutional investors and hedge funds own 94.76% of the company’s stock.

Paylocity Trading Down 1.0%

Shares of NASDAQ:PCTY opened at $109.39 on Friday. The business’s 50 day simple moving average is $125.34 and its 200 day simple moving average is $144.31. Paylocity Holding Corporation has a 1 year low of $100.50 and a 1 year high of $201.97. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $5.89 billion, a P/E ratio of 25.74, a P/E/G ratio of 3.14 and a beta of 0.58.

Paylocity (NASDAQ:PCTY) last announced its quarterly earnings data on Thursday, February 5th. The software maker reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.28. The firm had revenue of $416.13 million during the quarter, compared to analysts’ expectations of $408.37 million. Paylocity had a return on equity of 23.44% and a net margin of 14.19%.The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.52 EPS. On average, research analysts anticipate that Paylocity Holding Corporation will post 4.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on PCTY shares. KeyCorp dropped their price target on Paylocity from $225.00 to $190.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Stephens set a $160.00 price objective on Paylocity in a research report on Friday, January 16th. Barclays set a $146.00 target price on Paylocity in a report on Friday, February 6th. TD Cowen reissued a “buy” rating on shares of Paylocity in a report on Friday, February 6th. Finally, Citizens Jmp reduced their target price on shares of Paylocity from $245.00 to $170.00 and set a “market outperform” rating for the company in a research report on Friday, February 6th. Fifteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Paylocity presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.05.

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.