$0.25 Earnings Per Share Expected for Paylocity Holding Corp (PCTY) This Quarter

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Wall Street analysts predict that Paylocity Holding Corp (NASDAQ:PCTY) will announce earnings per share of $0.25 for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Paylocity’s earnings. The highest EPS estimate is $0.28 and the lowest is $0.22. Paylocity posted earnings per share of $0.11 in the same quarter last year, which indicates a positive year over year growth rate of 127.3%. The firm is expected to report its next earnings results on Thursday, August 8th.

On average, analysts expect that Paylocity will report full year earnings of $1.29 per share for the current financial year, with EPS estimates ranging from $1.22 to $1.31. For the next fiscal year, analysts expect that the firm will post earnings of $1.67 per share, with EPS estimates ranging from $1.53 to $1.82. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Paylocity.

Paylocity (NASDAQ:PCTY) last announced its earnings results on Thursday, May 2nd. The software maker reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.19. Paylocity had a net margin of 9.52% and a return on equity of 15.29%. The company had revenue of $139.60 million during the quarter, compared to analyst estimates of $135.97 million. During the same period in the previous year, the business earned $0.71 earnings per share. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year.

Several brokerages recently issued reports on PCTY. Zacks Investment Research upgraded shares of Paylocity from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a research report on Monday, April 8th. ValuEngine upgraded shares of Paylocity from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 4th. Craig Hallum reiterated a “hold” rating and issued a $97.00 target price (up from $78.00) on shares of Paylocity in a research report on Friday, May 3rd. BidaskClub raised shares of Paylocity from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 25th. Finally, Bank of America boosted their price target on shares of Paylocity from $80.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, February 7th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $90.50.

NASDAQ:PCTY traded down $2.30 during midday trading on Tuesday, hitting $101.10. The company had a trading volume of 289,606 shares, compared to its average volume of 319,677. Paylocity has a 52-week low of $53.46 and a 52-week high of $103.71. The firm has a market capitalization of $5.36 billion, a PE ratio of 326.13, a price-to-earnings-growth ratio of 8.96 and a beta of 2.07.

In other Paylocity news, Director Jeffrey T. Diehl sold 500,000 shares of the business’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $86.50, for a total value of $43,250,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Steven R. Beauchamp sold 55,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $96.40, for a total transaction of $5,302,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,881,682 shares of the company’s stock, valued at $181,394,144.80. The disclosure for this sale can be found here. Insiders sold 847,405 shares of company stock valued at $75,586,534 over the last three months. 41.20% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. AQR Capital Management LLC raised its stake in shares of Paylocity by 0.5% during the first quarter. AQR Capital Management LLC now owns 23,388 shares of the software maker’s stock valued at $2,086,000 after acquiring an additional 124 shares during the last quarter. FTB Advisors Inc. raised its stake in shares of Paylocity by 25.1% during the fourth quarter. FTB Advisors Inc. now owns 642 shares of the software maker’s stock valued at $38,000 after acquiring an additional 129 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Paylocity by 7.4% during the first quarter. Fifth Third Bancorp now owns 2,581 shares of the software maker’s stock valued at $230,000 after acquiring an additional 177 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of Paylocity by 34.8% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 774 shares of the software maker’s stock valued at $47,000 after acquiring an additional 200 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Paylocity by 2.2% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 9,390 shares of the software maker’s stock valued at $837,000 after acquiring an additional 200 shares during the last quarter. 65.36% of the stock is owned by hedge funds and other institutional investors.

Paylocity Company Profile

Paylocity Holding Corporation provides cloud-based payroll and human capital management software solutions for medium-sized organizations in the United States. The company offers Paylocity Web Pay for enterprise-grade payroll processing and administration; Paylocity Web HR for employee record management, HR compliance and reporting, HR insight and analytics, and self-service portals; Talent Management for employee performance appraisal process and performance review; Paylocity Web Time, a time and attendance solution; and Paylocity Web Expense, an expense management tool designed to streamline and automate the expense management process.

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Earnings History and Estimates for Paylocity (NASDAQ:PCTY)

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