Paylocity Holding Corp (NASDAQ:PCTY) insider Michael R. Haske sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $43.37, for a total value of $1,084,250.00. Following the sale, the insider now directly owns 1,159,202 shares in the company, valued at approximately $50,274,590.74. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Paylocity Holding Corp (NASDAQ:PCTY) opened at $45.19 on Friday. Paylocity Holding Corp has a 52 week low of $34.13 and a 52 week high of $53.96. The stock has a market capitalization of $2,380.00, a P/E ratio of 205.41, a P/E/G ratio of 6.67 and a beta of 2.09.
Paylocity (NASDAQ:PCTY) last posted its earnings results on Thursday, February 8th. The software maker reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Paylocity had a return on equity of 8.93% and a net margin of 3.57%. The firm had revenue of $86.00 million for the quarter, compared to analyst estimates of $85.03 million. During the same quarter in the prior year, the company earned $0.10 EPS. Paylocity’s revenue was up 25.3% on a year-over-year basis. analysts predict that Paylocity Holding Corp will post 0.3 earnings per share for the current year.
Several brokerages have recently commented on PCTY. Zacks Investment Research raised Paylocity from a “sell” rating to a “hold” rating in a research note on Wednesday. William Blair reissued an “outperform” rating on shares of Paylocity in a research note on Friday, February 9th. BidaskClub raised Paylocity from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Dougherty & Co began coverage on Paylocity in a research note on Tuesday, December 19th. They set a “neutral” rating on the stock. Finally, TheStreet lowered Paylocity from a “b-” rating to a “c+” rating in a research note on Tuesday, December 5th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $52.92.
A number of hedge funds have recently bought and sold shares of PCTY. Ameritas Investment Partners Inc. lifted its stake in Paylocity by 22.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,282 shares of the software maker’s stock valued at $103,000 after buying an additional 421 shares in the last quarter. Nomura Holdings Inc. acquired a new position in Paylocity in the 2nd quarter valued at $208,000. GSA Capital Partners LLP acquired a new position in Paylocity in the 3rd quarter valued at $211,000. Fortaleza Asset Management Inc. acquired a new position in Paylocity in the 4th quarter valued at $255,000. Finally, Jane Street Group LLC acquired a new position in Paylocity in the 3rd quarter valued at $260,000. 60.47% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: “Insider Selling: Paylocity Holding Corp (PCTY) Insider Sells $1,084,250.00 in Stock” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2018/02/17/insider-selling-paylocity-holding-corp-pcty-insider-sells-1084250-00-in-stock.html.
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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