Paylocity Holding Corporation (NASDAQ:PCTY) updated its second quarter earnings guidance on Thursday. The company provided EPS guidance of $0.11-0.13 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.12. The company issued revenue guidance of $84.3-85.3 million, compared to the consensus revenue estimate of $84.89 million.Paylocity Holding Corporation also updated its FY18 guidance to $0.84-0.85 EPS.

Several equities research analysts recently issued reports on the company. Bank of America Corporation increased their price objective on Paylocity Holding Corporation from $50.00 to $56.00 and gave the stock a buy rating in a research note on Tuesday, October 24th. Mizuho reissued a hold rating and issued a $45.00 price objective on shares of Paylocity Holding Corporation in a research note on Thursday, October 12th. Northland Securities reissued a buy rating and issued a $55.00 price objective on shares of Paylocity Holding Corporation in a research note on Sunday, September 10th. ValuEngine raised Paylocity Holding Corporation from a sell rating to a hold rating in a research note on Friday, September 1st. Finally, Stifel Nicolaus reissued a buy rating and issued a $55.00 price objective (up from $50.00) on shares of Paylocity Holding Corporation in a research note on Friday, August 11th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $52.15.

Paylocity Holding Corporation (NASDAQ:PCTY) last issued its quarterly earnings results on Thursday, November 2nd. The software maker reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The company had revenue of $81.50 million for the quarter, compared to analyst estimates of $80.88 million. Paylocity Holding Corporation had a return on equity of 6.13% and a net margin of 2.24%. The company’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.07 earnings per share.

In related news, CEO Steven R. Beauchamp sold 5,470 shares of the company’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $50.09, for a total transaction of $273,992.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Edward W. Gaty sold 5,185 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $48.92, for a total value of $253,650.20. Following the sale, the senior vice president now owns 116,135 shares in the company, valued at approximately $5,681,324.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,563,715 shares of company stock worth $70,723,858. Corporate insiders own 48.80% of the company’s stock.

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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.

Earnings History and Estimates for Paylocity Holding Corporation (NASDAQ:PCTY)

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