Paylocity Holding Corporation $PCTY Shares Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL increased its holdings in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 50.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 83,304 shares of the software maker’s stock after purchasing an additional 28,016 shares during the period. Tudor Investment Corp ET AL’s holdings in Paylocity were worth $13,268,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Amiral Gestion increased its position in shares of Paylocity by 37.6% during the third quarter. Amiral Gestion now owns 84,703 shares of the software maker’s stock worth $13,491,000 after acquiring an additional 23,162 shares during the period. JPMorgan Chase & Co. boosted its holdings 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. acquired a new position in Paylocity during the 3rd quarter worth $2,580,000. Sawgrass Asset Management LLC acquired a new position in Paylocity during the 3rd quarter worth $9,156,000. Finally, AlphaQuest LLC increased its holdings in Paylocity by 80.3% during the 3rd quarter. AlphaQuest LLC now owns 24,804 shares of the software maker’s stock worth $3,951,000 after purchasing an additional 11,050 shares during the period. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Paylocity Price Performance

Shares of NASDAQ PCTY opened at $106.14 on Monday. The business has a 50-day moving average of $114.33 and a two-hundred day moving average of $137.34. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 3.07 and a beta of 0.57. 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.

Paylocity (NASDAQ:PCTY) last released its quarterly earnings data 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 business had revenue of $416.13 million for the quarter, compared to the consensus estimate of $408.37 million. During the same quarter in the prior year, the business posted $1.52 EPS. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, analysts forecast that Paylocity Holding Corporation will post 4.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PCTY has been the topic of a number of analyst reports. Stifel Nicolaus reduced their price target on Paylocity from $188.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. KeyCorp cut their target price on shares of Paylocity from $225.00 to $190.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Citizens Jmp reduced their target price on shares of Paylocity from $245.00 to $170.00 and set a “market outperform” rating on the stock in a report on Friday, February 6th. Truist Financial decreased their price target on shares of Paylocity from $240.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Finally, Jefferies Financial Group lowered their price target on shares of Paylocity from $180.00 to $150.00 and set a “buy” rating for the company in a report on Friday, February 6th. Fifteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Paylocity currently has a consensus rating of “Moderate Buy” and a consensus price target 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.