Headlines about Paylocity Holding Corporation (NASDAQ:PCTY) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Paylocity Holding Corporation earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the software maker an impact score of 46.6205624654787 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Paylocity Holding Corporation (PCTY) CEO Sells $273,992.30 in Stock (americanbankingnews.com)
- Paylocity Holding Corporation (PCTY) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Paylocity Holding Corporation (PCTY) CEO Steven R. Beauchamp Sells 23,530 Shares (americanbankingnews.com)
- Steven R. Beauchamp Sells 24,530 Shares of Paylocity Holding Corporation (PCTY) Stock (americanbankingnews.com)
Paylocity Holding Corporation (PCTY) opened at 49.99 on Wednesday. The firm has a market capitalization of $2.59 billion, a PE ratio of 416.58 and a beta of 2.23. Paylocity Holding Corporation has a 52-week low of $29.69 and a 52-week high of $50.72. The stock’s 50 day moving average price is $47.83 and its 200 day moving average price is $45.02.
Paylocity Holding Corporation (NASDAQ:PCTY) last announced its earnings results on Thursday, August 10th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.04. Paylocity Holding Corporation had a return on equity of 6.13% and a net margin of 2.24%. The business had revenue of $76.10 million for the quarter, compared to analyst estimates of $73.79 million. During the same period in the previous year, the company earned ($0.01) earnings per share. The company’s revenue for the quarter was up 27.3% compared to the same quarter last year. Analysts expect that Paylocity Holding Corporation will post $0.79 earnings per share for the current year.
Several research analysts recently commented on PCTY shares. Zacks Investment Research cut Paylocity Holding Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Bank of America Corporation reissued a “buy” rating and set a $47.00 target price (down from $50.00) on shares of Paylocity Holding Corporation in a research note on Friday, August 11th. ValuEngine raised Paylocity Holding Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. SunTrust Banks, Inc. started coverage on Paylocity Holding Corporation in a research note on Monday, June 26th. They set a “hold” rating and a $45.00 target price for the company. Finally, JMP Securities reissued an “outperform” rating and set a $54.00 target price on shares of Paylocity Holding Corporation in a research note on Tuesday, July 18th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $51.46.
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In other news, VP Michael R. Haske sold 88,600 shares of Paylocity Holding Corporation stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $45.21, for a total transaction of $4,005,606.00. Following the sale, the vice president now directly owns 1,189,606 shares of the company’s stock, valued at $53,782,087.26. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Steven R. Beauchamp sold 50,000 shares of Paylocity Holding Corporation stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $46.38, for a total value of $2,319,000.00. Following the sale, the insider now directly owns 2,218,486 shares in the company, valued at $102,893,380.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,563,715 shares of company stock worth $70,723,858. Corporate insiders own 53.10% of the company’s stock.
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.
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