Paylocity Holding Corporation (PCTY) CEO Sells $273,992.30 in Stock

Paylocity Holding Corporation (NASDAQ:PCTY) CEO Steven R. Beauchamp sold 5,470 shares of Paylocity Holding Corporation stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Paylocity Holding Corporation (NASDAQ:PCTY) opened at 49.29 on Friday. The company’s 50-day moving average is $47.98 and its 200-day moving average is $45.09. Paylocity Holding Corporation has a 52-week low of $29.69 and a 52-week high of $50.72. The firm has a market capitalization of $2.55 billion, a P/E ratio of 410.75 and a beta of 2.23.

Paylocity Holding Corporation (NASDAQ:PCTY) last posted its earnings results on Thursday, August 10th. The software maker reported ($0.06) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.04. The firm had revenue of $76.10 million for the quarter, compared to the consensus estimate of $73.79 million. Paylocity Holding Corporation had a net margin of 2.24% and a return on equity of 6.13%. The company’s revenue was up 27.3% on a year-over-year basis. During the same period last year, the firm posted ($0.01) EPS. On average, analysts predict that Paylocity Holding Corporation will post $0.79 EPS for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. USA Financial Portformulas Corp purchased a new position in Paylocity Holding Corporation during the 2nd quarter worth $471,000. Dynamic Technology Lab Private Ltd purchased a new position in Paylocity Holding Corporation during the 2nd quarter worth $419,000. Wasatch Advisors Inc. grew its position in Paylocity Holding Corporation by 8.0% during the 2nd quarter. Wasatch Advisors Inc. now owns 863,765 shares of the software maker’s stock worth $39,025,000 after purchasing an additional 64,268 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Paylocity Holding Corporation by 29.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 37,350 shares of the software maker’s stock worth $1,687,000 after purchasing an additional 8,391 shares during the last quarter. Finally, Ameritas Investment Partners Inc. grew its position in Paylocity Holding Corporation by 22.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,282 shares of the software maker’s stock worth $103,000 after purchasing an additional 421 shares during the last quarter. 60.87% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on PCTY shares. Stifel Nicolaus reissued a “buy” rating and set a $55.00 price objective (up from $50.00) on shares of Paylocity Holding Corporation in a report on Friday, August 11th. Mizuho reissued a “hold” rating and set a $45.00 price objective on shares of Paylocity Holding Corporation in a report on Thursday, August 10th. Raymond James Financial, Inc. set a $55.00 price objective on shares of Paylocity Holding Corporation and gave the company a “buy” rating in a report on Wednesday, August 9th. BidaskClub lowered shares of Paylocity Holding Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Zacks Investment Research raised shares of Paylocity Holding Corporation from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Tuesday, July 18th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Paylocity Holding Corporation presently has an average rating of “Hold” and a consensus price target of $51.46.

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.

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

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