Paylocity Holding Corporation (PCTY) CEO Sells $273,992.30 in Stock
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.
WARNING: “Paylocity Holding Corporation (PCTY) CEO Sells $273,992.30 in Stock” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was illegally stolen and reposted in violation of US & international copyright law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/10/10/paylocity-holding-corporation-pcty-ceo-sells-273992-30-in-stock.html.
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.
Receive News & Ratings for Paylocity Holding Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paylocity Holding Corporation and related companies with MarketBeat.com's FREE daily email newsletter.