Paylocity Holding Corp (PCTY) CEO Sells $2,245,500.00 in Stock

Paylocity Holding Corp (NASDAQ:PCTY) CEO Steven R. Beauchamp sold 50,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $44.91, for a total transaction of $2,245,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Paylocity Holding Corp (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 company has a market cap of $2,380.00, a price-to-earnings ratio of 205.41, a price-to-earnings-growth ratio of 6.79 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 for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.04. Paylocity had a return on equity of 8.93% and a net margin of 3.57%. The company had revenue of $86.00 million during the quarter, compared to the consensus estimate of $85.03 million. During the same quarter last year, the firm earned $0.10 earnings per share. The company’s revenue was up 25.3% on a year-over-year basis. equities analysts predict that Paylocity Holding Corp will post 0.3 EPS for the current fiscal year.

Several equities analysts recently weighed in on the stock. William Blair reissued an “outperform” rating on shares of Paylocity in a research note on Friday, February 9th. Zacks Investment Research raised shares of Paylocity from a “sell” rating to a “hold” rating in a research report on Wednesday. BidaskClub raised shares of Paylocity from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. SunTrust Banks reaffirmed a “hold” rating and set a $47.00 price objective on shares of Paylocity in a research report on Friday, November 3rd. Finally, TheStreet raised shares of Paylocity from a “c” rating to a “b-” rating in a research report on Friday, November 3rd. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Paylocity has an average rating of “Buy” and an average target price of $52.92.

Institutional investors and hedge funds have recently bought and sold shares of the company. Ameritas Investment Partners Inc. lifted its holdings in shares of Paylocity by 22.6% during the second quarter. Ameritas Investment Partners Inc. now owns 2,282 shares of the software maker’s stock worth $103,000 after buying an additional 421 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Paylocity in the third quarter valued at about $211,000. Nomura Holdings Inc. acquired a new position in Paylocity in the second quarter valued at about $208,000. Jane Street Group LLC acquired a new position in Paylocity in the third quarter valued at about $260,000. Finally, Fortaleza Asset Management Inc. acquired a new position in Paylocity in the fourth quarter valued at about $255,000. 60.47% of the stock is owned by institutional investors.

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About Paylocity

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.

Insider Buying and Selling by Quarter for Paylocity (NASDAQ:PCTY)

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