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.
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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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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