Paylocity Holding Corp (NASDAQ:PCTY) CEO Steven R. Beauchamp sold 6,742 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $50.13, for a total transaction of $337,976.46. Following the transaction, the chief executive officer now owns 2,180,425 shares of the company’s stock, valued at $109,304,705.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Paylocity Holding Corp (PCTY) traded up $0.20 during midday trading on Thursday, hitting $49.66. 146,386 shares of the stock were exchanged, compared to its average volume of 207,850. The firm has a market capitalization of $2,560.20, a PE ratio of 275.89, a price-to-earnings-growth ratio of 6.40 and a beta of 2.11. Paylocity Holding Corp has a 1-year low of $29.69 and a 1-year high of $53.96.
Paylocity (NASDAQ:PCTY) last issued its earnings results on Thursday, November 2nd. The software maker reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.17. The business had revenue of $81.50 million during the quarter, compared to analysts’ expectations of $80.88 million. Paylocity had a net margin of 3.11% and a return on equity of 7.98%. The company’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.07 earnings per share. sell-side analysts anticipate that Paylocity Holding Corp will post 0.33 earnings per share for the current year.
A number of equities analysts have weighed in on PCTY shares. Zacks Investment Research cut shares of Paylocity from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Robert W. Baird upped their price objective on shares of Paylocity from $52.00 to $56.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. TheStreet cut shares of Paylocity from a “b-” rating to a “c+” rating in a research report on Tuesday, December 5th. Dougherty & Co started coverage on shares of Paylocity in a research report on Tuesday, December 19th. They set a “neutral” rating for the company. Finally, Bank of America upped their price objective on shares of Paylocity from $50.00 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $52.92.
Paylocity Company Profile
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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