Michael R. Haske Sells 25,000 Shares of Paylocity Holding Corporation (PCTY) Stock
Paylocity Holding Corporation (NASDAQ:PCTY) insider Michael R. Haske sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $47.02, for a total transaction of $1,175,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Paylocity Holding Corporation (NASDAQ PCTY) traded down $0.20 during midday trading on Tuesday, hitting $47.44. 323,800 shares of the company traded hands, compared to its average volume of 291,142. Paylocity Holding Corporation has a 1 year low of $29.69 and a 1 year high of $53.96. The company has a market cap of $2,501.90, a price-to-earnings ratio of 216.54, a PEG ratio of 6.33 and a beta of 2.24.
Paylocity Holding Corporation (NASDAQ:PCTY) last issued its quarterly earnings results on Thursday, November 2nd. The software maker reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.17. Paylocity Holding Corporation had a net margin of 3.11% and a return on equity of 7.98%. The business had revenue of $81.50 million for the quarter, compared to analyst estimates of $80.88 million. During the same quarter in the prior year, the business posted $0.07 EPS. Paylocity Holding Corporation’s revenue for the quarter was up 25.4% compared to the same quarter last year. analysts expect that Paylocity Holding Corporation will post 0.32 EPS for the current fiscal year.
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Several brokerages have recently weighed in on PCTY. Mizuho reaffirmed a “hold” rating and issued a $45.00 price target on shares of Paylocity Holding Corporation in a research report on Thursday, August 10th. Raymond James Financial, Inc. set a $55.00 price target on shares of Paylocity Holding Corporation and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research cut shares of Paylocity Holding Corporation from a “buy” rating to a “hold” rating in a research report on Friday. JMP Securities reaffirmed an “outperform” rating and issued a $54.00 price target on shares of Paylocity Holding Corporation in a research report on Tuesday, July 18th. Finally, BidaskClub cut shares of Paylocity Holding Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Paylocity Holding Corporation has an average rating of “Buy” and an average price target of $52.92.
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.
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