Michael R. Haske Sells 15,300 Shares of Paylocity Holding Corp (PCTY) Stock

Paylocity Holding Corp (NASDAQ:PCTY) insider Michael R. Haske sold 15,300 shares of the company’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $50.05, for a total transaction of $765,765.00. Following the transaction, the insider now directly owns 1,190,221 shares in the company, valued at $59,570,561.05. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Paylocity Holding Corp (PCTY) traded up $0.78 during midday trading on Tuesday, reaching $50.52. 159,621 shares of the company were exchanged, compared to its average volume of 195,953. The firm has a market cap of $2,640.00, a PE ratio of 280.67, a price-to-earnings-growth ratio of 6.56 and a beta of 2.11. Paylocity Holding Corp has a 12-month low of $29.69 and a 12-month high of $53.96.

Paylocity (NASDAQ:PCTY) last issued its quarterly earnings data on Thursday, November 2nd. The software maker reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.17. The firm had revenue of $81.50 million for the quarter, compared to analysts’ expectations of $80.88 million. Paylocity had a net margin of 3.11% and a return on equity of 7.98%. The firm’s revenue was up 25.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.07 EPS. sell-side analysts anticipate that Paylocity Holding Corp will post 0.33 EPS for the current year.

PCTY has been the topic of a number of recent analyst reports. TheStreet raised shares of Paylocity from a “c” rating to a “b-” rating in a research note on Friday, November 3rd. Bank of America increased their price objective on shares of Paylocity from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. Zacks Investment Research raised shares of Paylocity from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Tuesday, January 2nd. BidaskClub raised shares of Paylocity from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. Finally, Dougherty & Co assumed coverage on shares of Paylocity in a research note on Tuesday, December 19th. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $52.92.

Large investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. lifted its holdings in Paylocity by 22.6% in 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 Paylocity by 562.6% in 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. Nomura Holdings Inc. purchased a new position in Paylocity in the 2nd quarter valued at about $208,000. GSA Capital Partners LLP purchased a new position in Paylocity in the 3rd quarter valued at about $211,000. Finally, Jane Street Group LLC purchased a new position in Paylocity in the 3rd quarter valued at about $260,000. Institutional investors own 60.19% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Michael R. Haske Sells 15,300 Shares of Paylocity Holding Corp (PCTY) Stock” was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/23/michael-r-haske-sells-15300-shares-of-paylocity-holding-corp-pcty-stock.html.

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.

Insider Buying and Selling by Quarter for Paylocity (NASDAQ:PCTY)

Receive News & Ratings for Paylocity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paylocity and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply