Paylocity Holding Corporation (PCTY) Scheduled to Post Quarterly Earnings on Thursday
Paylocity Holding Corporation (NASDAQ:PCTY) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 2nd. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Paylocity Holding Corporation has set its Q1 guidance at $0.10-0.12 EPS and its FY18 guidance at $0.78-0.80 EPS.
Paylocity Holding Corporation (NASDAQ:PCTY) last announced its quarterly earnings data on Thursday, August 10th. The software maker reported ($0.06) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.04. Paylocity Holding Corporation had a return on equity of 6.13% and a net margin of 2.24%. The firm had revenue of $76.10 million during the quarter, compared to the consensus estimate of $73.79 million. During the same quarter in the previous year, the company posted ($0.01) earnings per share. The business’s revenue was up 27.3% on a year-over-year basis. On average, analysts expect Paylocity Holding Corporation to post $0.81 EPS for the current fiscal year and $1.03 EPS for the next fiscal year.
Shares of Paylocity Holding Corporation (NASDAQ PCTY) opened at 51.18 on Thursday. Paylocity Holding Corporation has a 12 month low of $29.69 and a 12 month high of $52.00. The company has a market cap of $2.65 billion, a P/E ratio of 426.50 and a beta of 2.23. The firm has a 50-day moving average price of $48.74 and a 200 day moving average price of $45.93.
In other news, VP Michael R. Haske sold 88,600 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $45.21, for a total transaction of $4,005,606.00. Following the completion of the sale, the vice president now directly owns 1,189,606 shares of the company’s stock, valued at $53,782,087.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven R. Beauchamp sold 50,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $46.38, for a total transaction of $2,319,000.00. Following the sale, the insider now directly owns 2,218,486 shares of the company’s stock, valued at $102,893,380.68. The disclosure for this sale can be found here. Insiders have sold 1,563,715 shares of company stock valued at $70,723,858 over the last three months. Insiders own 53.10% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Paylocity Holding Corporation (PCTY) Scheduled to Post Quarterly Earnings on Thursday” was first posted by American Banking News and is the property of of American Banking News. If you are reading this report on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright laws. The original version of this report can be read at https://www.americanbankingnews.com/2017/10/26/paylocity-holding-corporation-pcty-scheduled-to-post-quarterly-earnings-on-thursday.html.
Several research firms have commented on PCTY. Bank of America Corporation lifted their price objective on shares of Paylocity Holding Corporation from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday. Mizuho reaffirmed a “hold” rating and set a $45.00 price objective on shares of Paylocity Holding Corporation in a research note on Thursday, October 12th. ValuEngine raised shares of Paylocity Holding Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Northland Securities reaffirmed a “buy” rating and set a $55.00 price objective on shares of Paylocity Holding Corporation in a research note on Sunday, September 10th. Finally, Zacks Investment Research lowered shares of Paylocity Holding Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Paylocity Holding Corporation presently has a consensus rating of “Hold” and a consensus target price of $52.15.
About Paylocity Holding Corporation
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.