Paylocity Holding Corp (NASDAQ:PCTY) SVP Edward W. Gaty sold 5,062 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $45.82, for a total value of $231,940.84. Following the completion of the sale, the senior vice president now directly owns 116,135 shares in the company, valued at approximately $5,321,305.70. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Paylocity Holding Corp (NASDAQ:PCTY) opened at $44.76 on Tuesday. The company has a market capitalization of $2,394.77, a price-to-earnings ratio of 207.27, a price-to-earnings-growth ratio of 5.98 and a beta of 2.11. Paylocity Holding Corp has a one year low of $29.69 and a one year high of $53.96.
Paylocity (NASDAQ:PCTY) last posted its quarterly earnings data on Thursday, November 2nd. The software maker reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.17. The company had revenue of $81.50 million for the quarter, compared to analyst estimates of $80.88 million. Paylocity had a return on equity of 7.98% and a net margin of 3.11%. The business’s revenue was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.07 earnings per share. equities research analysts anticipate that Paylocity Holding Corp will post 0.32 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of PCTY. Teachers Advisors LLC lifted its stake in shares of Paylocity by 2.1% during the first quarter. Teachers Advisors LLC now owns 36,565 shares of the software maker’s stock valued at $1,413,000 after acquiring an additional 753 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Paylocity by 5.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 102,618 shares of the software maker’s stock valued at $3,965,000 after acquiring an additional 5,625 shares during the period. State Street Corp lifted its stake in shares of Paylocity by 5.0% during the first quarter. State Street Corp now owns 401,291 shares of the software maker’s stock valued at $15,504,000 after acquiring an additional 18,990 shares during the period. Bank of Montreal Can lifted its stake in shares of Paylocity by 1.2% during the second quarter. Bank of Montreal Can now owns 3,419 shares of the software maker’s stock valued at $154,000 after acquiring an additional 42 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of Paylocity by 0.4% during the second quarter. Sei Investments Co. now owns 141,900 shares of the software maker’s stock valued at $6,411,000 after acquiring an additional 529 shares during the period. 59.84% of the stock is currently owned by institutional investors.
PCTY has been the topic of several recent analyst reports. TheStreet raised Paylocity from a “c” rating to a “b-” rating in a research note on Friday, November 3rd. Bank of America boosted their price target on Paylocity from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $55.00 price target (up previously from $50.00) on shares of Paylocity in a research note on Friday, August 11th. Northland Securities reaffirmed a “buy” rating and issued a $55.00 price target on shares of Paylocity in a research note on Sunday, September 10th. Finally, Raymond James Financial set a $55.00 price target on Paylocity and gave the company a “buy” rating in a research note on Wednesday, August 9th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Paylocity currently has a consensus rating of “Buy” and an average target price of $52.92.
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Paylocity Company Profile
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.
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