Paylocity Holding Corporation (NASDAQ:PCTY) insider Michael R. Haske sold 25,000 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $47.02, for a total transaction of $1,175,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Paylocity Holding Corporation (PCTY) opened at $47.80 on Friday. The stock has a market cap of $2,452.01, a PE ratio of 212.23, a PEG ratio of 6.20 and a beta of 2.24. Paylocity Holding Corporation has a 1 year low of $29.69 and a 1 year high of $53.96.
Paylocity Holding Corporation (NASDAQ:PCTY) last issued its earnings results on Thursday, November 2nd. The software maker reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.17. The firm had revenue of $81.50 million for the quarter, compared to analysts’ expectations of $80.88 million. Paylocity Holding Corporation had a net margin of 3.11% and a return on equity of 7.98%. The firm’s revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.07 earnings per share. research analysts anticipate that Paylocity Holding Corporation will post 0.32 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This article was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.dispatchtribunal.com/2017/11/17/insider-selling-paylocity-holding-corporation-pcty-insider-sells-1175500-00-in-stock.html.
Several brokerages have weighed in on PCTY. Raymond James Financial, Inc. set a $55.00 target price on shares of Paylocity Holding Corporation and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Bank of America Corporation reaffirmed a “buy” rating and set a $47.00 target price (down previously from $50.00) on shares of Paylocity Holding Corporation in a research note on Friday, August 11th. Mizuho reaffirmed a “hold” rating and set a $45.00 target price on shares of Paylocity Holding Corporation in a research note on Thursday, August 10th. Zacks Investment Research lowered shares of Paylocity Holding Corporation from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $55.00 target price (up previously from $50.00) on shares of Paylocity Holding Corporation in a research note on Friday, August 11th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Paylocity Holding Corporation currently has an average rating of “Buy” and an average price target of $52.92.
Large investors have recently modified their holdings of the stock. State of Wisconsin Investment Board acquired a new stake in Paylocity Holding Corporation in the second quarter valued at approximately $3,660,000. Schwab Charles Investment Management Inc. raised its holdings in Paylocity Holding Corporation by 10.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 113,529 shares of the software maker’s stock valued at $5,130,000 after acquiring an additional 10,911 shares in the last quarter. Chicago Equity Partners LLC acquired a new stake in Paylocity Holding Corporation in the second quarter valued at approximately $1,129,000. Bank of America Corp DE raised its holdings in Paylocity Holding Corporation by 13.4% in the first quarter. Bank of America Corp DE now owns 131,015 shares of the software maker’s stock valued at $5,062,000 after acquiring an additional 15,504 shares in the last quarter. Finally, Menta Capital LLC acquired a new stake in Paylocity Holding Corporation in the second quarter valued at approximately $1,270,000. 59.44% of the stock is currently owned by hedge funds and other institutional investors.
About Paylocity Holding Corporation
Paylocity Holding Corporation is a cloud-based provider of payroll and human capital management (HCM), software solutions for medium-sized organizations. The Company’s services are provided in a software-as-a-service delivery model utilizing its cloud-based platform. The cloud-based platform provides a suite of applications using a multi-tenant architecture.
Receive News & Ratings for Paylocity Holding Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paylocity Holding Corporation and related companies with MarketBeat.com's FREE daily email newsletter.