Analysts expect Paylocity Holding Corp (NASDAQ:PCTY) to report earnings per share of $0.12 for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Paylocity’s earnings, with the highest EPS estimate coming in at $0.14 and the lowest estimate coming in at $0.11. Paylocity reported earnings of $0.10 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 20%. The firm is scheduled to issue its next earnings results on Thursday, February 1st.
On average, analysts expect that Paylocity will report full-year earnings of $0.87 per share for the current fiscal year, with EPS estimates ranging from $0.85 to $1.03. For the next fiscal year, analysts forecast that the company will post earnings of $1.11 per share, with EPS estimates ranging from $0.99 to $1.46. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Paylocity.
Paylocity (NASDAQ:PCTY) last announced its quarterly earnings data on Thursday, November 2nd. The software maker reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.17. The firm had revenue of $81.50 million during the quarter, compared to analyst estimates of $80.88 million. Paylocity had a return on equity of 7.98% and a net margin of 3.11%. The company’s revenue was up 25.4% on a year-over-year basis. During the same period last year, the company earned $0.07 earnings per share.
Shares of Paylocity (PCTY) opened at $46.80 on Thursday. The company has a market capitalization of $2,450.44, a PE ratio of 212.09, a P/E/G ratio of 6.01 and a beta of 2.11. Paylocity has a 12-month low of $29.69 and a 12-month high of $53.96.
In other news, SVP Edward W. Gaty sold 5,062 shares of Paylocity stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $45.82, for a total transaction of $231,940.84. Following the transaction, the senior vice president now owns 116,135 shares in the company, valued at approximately $5,321,305.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Steven R. Beauchamp sold 23,530 shares of Paylocity stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $50.25, for a total value of $1,182,382.50. Following the transaction, the chief executive officer now owns 2,253,978 shares in the company, valued at approximately $113,262,394.50. The disclosure for this sale can be found here. Insiders have sold a total of 1,429,734 shares of company stock valued at $66,231,695 over the last 90 days. Corporate insiders own 48.80% of the company’s stock.
Several large investors have recently added to or reduced their stakes in PCTY. Ameritas Investment Partners Inc. lifted its holdings in shares of Paylocity by 22.6% during the 2nd 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 in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Paylocity by 562.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,293 shares of the software maker’s stock valued at $149,000 after purchasing an additional 2,796 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Paylocity by 1.2% during the 2nd quarter. Bank of Montreal Can now owns 3,419 shares of the software maker’s stock valued at $154,000 after purchasing an additional 42 shares in the last quarter. Turner Investments LLC bought a new position in shares of Paylocity during the 2nd quarter valued at about $158,000. Finally, Nomura Holdings Inc. bought a new position in shares of Paylocity during the 2nd quarter valued at about $208,000. Institutional investors and hedge funds own 59.84% of the company’s stock.
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Paylocity 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.
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