Paylocity Holding Corporation (NASDAQ:PCTY) CEO Steven R. Beauchamp sold 5,470 shares of the firm’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $50.09, for a total transaction of $273,992.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Paylocity Holding Corporation (NASDAQ:PCTY) traded down 0.30% on Tuesday, hitting $49.99. 114,456 shares of the stock were exchanged. The stock has a market cap of $2.59 billion, a PE ratio of 416.58 and a beta of 2.23. The company’s 50 day moving average is $47.72 and its 200-day moving average is $44.91. Paylocity Holding Corporation has a 52-week low of $29.69 and a 52-week high of $50.72.

Paylocity Holding Corporation (NASDAQ:PCTY) last released its earnings results on Thursday, August 10th. The software maker reported ($0.06) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.04. Paylocity Holding Corporation had a net margin of 2.24% and a return on equity of 6.13%. The firm had revenue of $76.10 million for the quarter, compared to analyst estimates of $73.79 million. During the same period in the prior year, the firm earned ($0.01) earnings per share. The business’s quarterly revenue was up 27.3% compared to the same quarter last year. Analysts predict that Paylocity Holding Corporation will post $0.79 EPS for the current fiscal year.

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A number of research firms have commented on PCTY. ValuEngine raised shares of Paylocity Holding Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. SunTrust Banks, Inc. began coverage on shares of Paylocity Holding Corporation in a research report on Monday, June 26th. They set a “hold” rating and a $45.00 target price on the stock. Northland Securities reissued a “buy” rating and set a $55.00 target price on shares of Paylocity Holding Corporation in a research report on Sunday, September 10th. Zacks Investment Research downgraded shares of Paylocity Holding Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, JMP Securities reissued an “outperform” rating and set a $54.00 target price on shares of Paylocity Holding Corporation in a research report on Tuesday, July 18th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $51.46.

A number of institutional investors have recently made changes to their positions in the business. USA Financial Portformulas Corp purchased a new position in Paylocity Holding Corporation in the second quarter valued at approximately $471,000. Dynamic Technology Lab Private Ltd purchased a new position in Paylocity Holding Corporation in the second quarter valued at approximately $419,000. Wasatch Advisors Inc. increased its stake in Paylocity Holding Corporation by 8.0% in the second quarter. Wasatch Advisors Inc. now owns 863,765 shares of the software maker’s stock valued at $39,025,000 after purchasing an additional 64,268 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Paylocity Holding Corporation by 29.0% in the second quarter. Public Employees Retirement System of Ohio now owns 37,350 shares of the software maker’s stock valued at $1,687,000 after purchasing an additional 8,391 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in Paylocity Holding Corporation by 22.6% in the second quarter. Ameritas Investment Partners Inc. now owns 2,282 shares of the software maker’s stock valued at $103,000 after purchasing an additional 421 shares during the last quarter. Institutional investors own 60.87% of the company’s stock.

Paylocity Holding Corporation 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.

Insider Buying and Selling by Quarter for Paylocity Holding Corporation (NASDAQ:PCTY)

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