Paylocity Holding Corp (NASDAQ:PCTY) insider Michael R. Haske sold 9,700 shares of the company’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $50.10, for a total transaction of $485,970.00. Following the completion of the transaction, the insider now owns 1,201,844 shares of the company’s stock, valued at approximately $60,212,384.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Paylocity Holding Corp (PCTY) traded up $0.44 on Friday, hitting $50.10. 87,242 shares of the company traded hands, compared to its average volume of 207,850. Paylocity Holding Corp has a 52-week low of $29.69 and a 52-week high of $53.96. The firm has a market cap of $2,610.00, a P/E ratio of 278.33, a PEG ratio of 6.49 and a beta of 2.11.
Paylocity (NASDAQ:PCTY) last released its quarterly earnings results on Thursday, November 2nd. The software maker reported $0.15 earnings per share for the quarter, topping 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 firm 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 company’s revenue for the quarter was up 25.4% on a year-over-year basis. analysts predict that Paylocity Holding Corp will post 0.33 earnings per share for the current year.
A number of research analysts have weighed in on PCTY shares. Zacks Investment Research downgraded 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 downgraded 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 issued 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 investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. Paylocity currently has a consensus rating of “Hold” and a consensus target price 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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