Bryce Point Capital LLC Has $660,000 Stake in Paylocity Holding Corporation $PCTY

Bryce Point Capital LLC trimmed its stake in Paylocity Holding Corporation (NASDAQ:PCTY) by 9.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,644 shares of the software maker’s stock after selling 383 shares during the period. Bryce Point Capital LLC’s holdings in Paylocity were worth $660,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of PCTY. TCTC Holdings LLC grew its position in Paylocity by 115.9% in the 1st quarter. TCTC Holdings LLC now owns 149 shares of the software maker’s stock worth $28,000 after purchasing an additional 80 shares during the last quarter. Hughes Financial Services LLC acquired a new stake in Paylocity in the 1st quarter worth $48,000. Bayforest Capital Ltd grew its position in Paylocity by 69.1% in the 1st quarter. Bayforest Capital Ltd now owns 296 shares of the software maker’s stock worth $55,000 after purchasing an additional 121 shares during the last quarter. SVB Wealth LLC acquired a new stake in Paylocity in the 1st quarter worth $61,000. Finally, IFP Advisors Inc increased its stake in Paylocity by 248.5% in the second quarter. IFP Advisors Inc now owns 338 shares of the software maker’s stock valued at $61,000 after acquiring an additional 241 shares during the period. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on PCTY. Needham & Company LLC reissued a “buy” rating and issued a $250.00 price target on shares of Paylocity in a research report on Friday, July 18th. Stephens began coverage on shares of Paylocity in a research report on Monday, July 21st. They issued an “equal weight” rating and a $200.00 price target for the company. Guggenheim began coverage on shares of Paylocity in a research report on Thursday, September 25th. They issued a “neutral” rating for the company. Jefferies Financial Group dropped their price target on shares of Paylocity from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Finally, BMO Capital Markets increased their price target on shares of Paylocity from $226.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $221.38.

Paylocity Price Performance

NASDAQ:PCTY opened at $139.33 on Wednesday. The firm has a market cap of $7.58 billion, a PE ratio of 34.75, a price-to-earnings-growth ratio of 2.71 and a beta of 0.58. Paylocity Holding Corporation has a 12 month low of $137.57 and a 12 month high of $223.80. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $159.99 and its two-hundred day moving average price is $176.55.

Paylocity (NASDAQ:PCTY) last released its quarterly earnings results on Tuesday, November 4th. The software maker reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.23. The firm had revenue of $408.17 million for the quarter, compared to analyst estimates of $399.53 million. Paylocity had a net margin of 14.24% and a return on equity of 22.08%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.66 earnings per share. Paylocity has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, equities analysts anticipate that Paylocity Holding Corporation will post 4.36 EPS for the current fiscal year.

About Paylocity

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.