Paylocity Holding Corporation $PCTY is Fox Run Management L.L.C.’s 6th Largest Position

Fox Run Management L.L.C. lifted its position in Paylocity Holding Corporation (NASDAQ:PCTY) by 114.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,614 shares of the software maker’s stock after buying an additional 8,854 shares during the period. Paylocity makes up about 0.4% of Fox Run Management L.L.C.’s investment portfolio, making the stock its 6th biggest position. Fox Run Management L.L.C.’s holdings in Paylocity were worth $2,646,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Paylocity by 5.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 136,388 shares of the software maker’s stock valued at $25,551,000 after purchasing an additional 7,594 shares during the last quarter. Focus Partners Wealth increased its holdings in Paylocity by 24.5% during the first quarter. Focus Partners Wealth now owns 1,365 shares of the software maker’s stock valued at $256,000 after buying an additional 269 shares during the last quarter. Focus Partners Advisor Solutions LLC bought a new position in Paylocity in the second quarter worth approximately $256,000. MQS Management LLC bought a new position in shares of Paylocity in the second quarter worth about $217,000. Finally, Brighton Jones LLC raised its stake in Paylocity by 36.9% during the 2nd quarter. Brighton Jones LLC now owns 3,399 shares of the software maker’s stock worth $616,000 after acquiring an additional 916 shares during the period. Institutional investors own 94.76% of the company’s stock.

Paylocity Stock Performance

NASDAQ:PCTY opened at $103.14 on Wednesday. The company has a market cap of $5.56 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 2.93 and a beta of 0.54. Paylocity Holding Corporation has a 1 year low of $100.50 and a 1 year high of $210.35. The stock’s 50 day simple moving average is $135.66 and its two-hundred day simple moving average is $149.93. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.04 and a quick ratio of 1.04.

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PCTY shares. BTIG Research cut their price target on Paylocity from $180.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Robert W. Baird set a $220.00 target price on Paylocity in a research report on Friday, February 6th. BMO Capital Markets lowered their price target on Paylocity from $185.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Zacks Research upgraded Paylocity from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Barclays set a $146.00 price objective on shares of Paylocity in a research report on Friday, February 6th. Fifteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Paylocity presently has an average rating of “Moderate Buy” and an average target price of $180.05.

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.