Paylocity Holding Corp (PCTY) CEO Sells $503,003.78 in Stock

Paylocity Holding Corp (NASDAQ:PCTY) CEO Steven R. Beauchamp sold 10,042 shares of the business’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $50.09, for a total transaction of $503,003.78. Following the sale, the chief executive officer now directly owns 2,180,425 shares of the company’s stock, valued at approximately $109,217,488.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Paylocity Holding Corp (NASDAQ PCTY) traded up $0.20 on Thursday, hitting $49.66. 146,386 shares of the company’s stock traded hands, compared to its average volume of 207,850. Paylocity Holding Corp has a twelve month low of $29.69 and a twelve month high of $53.96. The company has a market cap of $2,560.20, a P/E ratio of 275.89, a PEG ratio of 6.40 and a beta of 2.11.

Paylocity (NASDAQ:PCTY) last released its quarterly earnings data on Thursday, November 2nd. The software maker reported $0.15 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.17. Paylocity had a net margin of 3.11% and a return on equity of 7.98%. The business had revenue of $81.50 million during the quarter, compared to the consensus estimate of $80.88 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The business’s revenue was up 25.4% on a year-over-year basis. equities research analysts predict that Paylocity Holding Corp will post 0.33 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Paylocity by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 2,070,015 shares of the software maker’s stock valued at $93,524,000 after purchasing an additional 75,709 shares during the last quarter. FMR LLC boosted its holdings in shares of Paylocity by 5.2% during the 2nd quarter. FMR LLC now owns 1,963,017 shares of the software maker’s stock valued at $88,689,000 after purchasing an additional 97,368 shares during the last quarter. Wasatch Advisors Inc. boosted its holdings in shares of Paylocity by 24.4% during the 4th quarter. Wasatch Advisors Inc. now owns 1,071,943 shares of the software maker’s stock valued at $50,553,000 after purchasing an additional 210,556 shares during the last quarter. TimesSquare Capital Management LLC boosted its holdings in shares of Paylocity by 4.7% during the 3rd quarter. TimesSquare Capital Management LLC now owns 1,042,500 shares of the software maker’s stock valued at $50,895,000 after purchasing an additional 46,950 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new position in shares of Paylocity during the 2nd quarter valued at about $29,148,000. 59.78% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on PCTY. Zacks Investment Research downgraded shares of Paylocity from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. BidaskClub downgraded shares of Paylocity from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Dougherty & Co assumed coverage on shares of Paylocity in a report on Tuesday, December 19th. They issued a “neutral” rating for the company. TheStreet downgraded shares of Paylocity from a “b-” rating to a “c+” rating in a report on Tuesday, December 5th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $47.00 target price on shares of Paylocity in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. Paylocity presently has an average rating of “Hold” and a consensus price target of $52.92.

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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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