Wall Street analysts predict that Paylocity Holding Corp (NASDAQ:PCTY) will report earnings of $0.22 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Paylocity’s earnings, with estimates ranging from $0.16 to $0.34. Paylocity reported earnings per share of $0.15 in the same quarter last year, which suggests a positive year over year growth rate of 46.7%. The company is scheduled to announce its next quarterly earnings report on Thursday, November 1st.

According to Zacks, analysts expect that Paylocity will report full year earnings of $1.40 per share for the current financial year, with EPS estimates ranging from $1.17 to $1.72. For the next fiscal year, analysts forecast that the business will report earnings of $1.82 per share, with EPS estimates ranging from $1.43 to $2.18. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Paylocity.

Paylocity (NASDAQ:PCTY) last issued its quarterly earnings results on Thursday, August 9th. The software maker reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). Paylocity had a return on equity of 12.44% and a net margin of 10.22%. The company had revenue of $96.62 million for the quarter, compared to analysts’ expectations of $93.33 million. During the same quarter last year, the company earned $0.09 EPS. Paylocity’s revenue for the quarter was up 27.0% compared to the same quarter last year.

A number of research analysts have recently commented on PCTY shares. Zacks Investment Research upgraded Paylocity from a “sell” rating to a “hold” rating in a report on Thursday, May 10th. Raymond James reiterated a “buy” rating and issued a $75.00 price objective on shares of Paylocity in a report on Monday, August 13th. BidaskClub downgraded Paylocity from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Guggenheim started coverage on Paylocity in a report on Monday, August 20th. They issued a “buy” rating and a $80.00 price objective on the stock. Finally, Robert W. Baird increased their price objective on Paylocity to $56.00 and gave the company an “outperform” rating in a report on Monday, May 7th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $64.86.

Shares of PCTY traded down $0.18 during mid-day trading on Tuesday, reaching $79.26. The company’s stock had a trading volume of 431,700 shares, compared to its average volume of 263,616. Paylocity has a 12-month low of $41.15 and a 12-month high of $80.96. The company has a market cap of $4.19 billion, a P/E ratio of 256.26, a PEG ratio of 4.85 and a beta of 2.09. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.08 and a current ratio of 1.08.

In related news, Director Steven I. Sarowitz sold 144,124 shares of the company’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $64.75, for a total value of $9,332,029.00. Following the completion of the sale, the director now directly owns 14,820,606 shares of the company’s stock, valued at approximately $959,634,238.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey T. Diehl sold 250,000 shares of the company’s stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $61.50, for a total value of $15,375,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,244,510 shares of company stock valued at $80,678,806. Insiders own 48.80% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in PCTY. Wasatch Advisors Inc. boosted its position in shares of Paylocity by 61.1% in the 1st quarter. Wasatch Advisors Inc. now owns 1,727,257 shares of the software maker’s stock valued at $88,487,000 after purchasing an additional 655,314 shares during the period. Zevenbergen Capital Investments LLC acquired a new stake in shares of Paylocity in the 1st quarter valued at about $30,851,000. Voya Investment Management LLC boosted its position in shares of Paylocity by 3,670.3% in the 2nd quarter. Voya Investment Management LLC now owns 446,288 shares of the software maker’s stock valued at $26,269,000 after purchasing an additional 434,451 shares during the period. Standard Life Aberdeen plc boosted its position in shares of Paylocity by 31.4% in the 2nd quarter. Standard Life Aberdeen plc now owns 1,469,941 shares of the software maker’s stock valued at $86,521,000 after purchasing an additional 350,996 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of Paylocity by 46.2% in the 1st quarter. Royal Bank of Canada now owns 870,958 shares of the software maker’s stock valued at $44,620,000 after purchasing an additional 275,364 shares during the period. 65.41% of the stock is owned by hedge funds and other institutional investors.

Paylocity Company Profile

Paylocity Holding Corporation provides cloud-based payroll and human capital management software solutions for medium-sized organizations in the United States. The company offers Paylocity Web Pay for enterprise-grade payroll processing and administration; Paylocity Web HR for employee record management, HR compliance and reporting, HR insight and analytics, and self-service portals; Talent Management for employee performance appraisal process and performance review; Paylocity Web Time, a time and attendance solution; and Paylocity Web Expense, an expense management tool designed to streamline and automate the expense management process.

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