Paylocity Holding Corp (NASDAQ:PCTY) CEO Steven R. Beauchamp sold 30,000 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $50.02, for a total value of $1,500,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Paylocity Holding Corp (PCTY) traded up $0.79 during trading on Wednesday, reaching $55.22. The company’s stock had a trading volume of 288,979 shares, compared to its average volume of 279,918. The stock has a market capitalization of $2,908.46, a price-to-earnings ratio of 251.00, a P/E/G ratio of 8.32 and a beta of 2.13. Paylocity Holding Corp has a fifty-two week low of $34.13 and a fifty-two week high of $57.16.
Paylocity (NASDAQ:PCTY) last issued its quarterly earnings results on Thursday, February 8th. The software maker reported $0.16 earnings per share for the quarter, beating the 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 firm had revenue of $86.00 million during the quarter, compared to the consensus estimate of $85.03 million. During the same period last year, the company earned $0.10 earnings per share. The company’s revenue was up 25.3% on a year-over-year basis. sell-side analysts forecast that Paylocity Holding Corp will post 0.3 earnings per share for the current fiscal year.
PCTY has been the subject of a number of research analyst reports. TheStreet lowered Paylocity from a “b-” rating to a “c+” rating in a research note on Tuesday, December 5th. BidaskClub raised Paylocity from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. Dougherty & Co initiated coverage on Paylocity in a research note on Tuesday, December 19th. They issued a “neutral” rating for the company. Zacks Investment Research raised Paylocity from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Tuesday, January 2nd. Finally, William Blair reissued an “outperform” rating on shares of Paylocity in a research report on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $52.77.
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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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