Paylocity Holding Corp (NASDAQ:PCTY) SVP Edward W. Gaty sold 7,768 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $97.54, for a total transaction of $757,690.72. Following the completion of the sale, the senior vice president now directly owns 126,392 shares in the company, valued at $12,328,275.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NASDAQ PCTY traded up $4.61 on Tuesday, hitting $94.48. 524,545 shares of the company were exchanged, compared to its average volume of 295,875. The firm has a market cap of $5.31 billion, a PE ratio of 304.21, a P/E/G ratio of 8.88 and a beta of 1.91. Paylocity Holding Corp has a 12 month low of $53.46 and a 12 month high of $103.80.

Paylocity (NASDAQ:PCTY) last issued its earnings results on Thursday, May 2nd. The software maker reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.19. The business had revenue of $139.60 million for the quarter, compared to analyst estimates of $135.97 million. Paylocity had a net margin of 9.52% and a return on equity of 15.29%. Paylocity’s revenue was up 23.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 earnings per share. As a group, equities analysts anticipate that Paylocity Holding Corp will post 0.56 EPS for the current year.

A number of equities research analysts have recently commented on PCTY shares. Stifel Nicolaus upped their price objective on shares of Paylocity from $78.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, February 7th. KeyCorp started coverage on shares of Paylocity in a research note on Tuesday, April 16th. They issued an “overweight” rating and a $104.00 price objective on the stock. Jefferies Financial Group increased their target price on shares of Paylocity to $85.00 and gave the stock a “hold” rating in a research note on Thursday, February 7th. Zacks Investment Research raised shares of Paylocity from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research note on Friday, February 15th. Finally, Needham & Company LLC reissued a “buy” rating and set a $100.00 target price (up from $80.00) on shares of Paylocity in a research note on Thursday, February 7th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $90.50.

A number of hedge funds and other institutional investors have recently modified their holdings of PCTY. AQR Capital Management LLC raised its holdings in Paylocity by 0.5% during the first quarter. AQR Capital Management LLC now owns 23,388 shares of the software maker’s stock worth $2,086,000 after buying an additional 124 shares during the last quarter. FTB Advisors Inc. raised its holdings in Paylocity by 25.1% during the fourth quarter. FTB Advisors Inc. now owns 642 shares of the software maker’s stock worth $38,000 after buying an additional 129 shares during the last quarter. Fifth Third Bancorp raised its holdings in Paylocity by 7.4% during the first quarter. Fifth Third Bancorp now owns 2,581 shares of the software maker’s stock worth $230,000 after buying an additional 177 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in Paylocity by 34.8% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 774 shares of the software maker’s stock worth $47,000 after buying an additional 200 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its holdings in Paylocity by 2.2% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 9,390 shares of the software maker’s stock worth $837,000 after buying an additional 200 shares during the last quarter. 64.23% of the stock is currently owned by institutional investors and hedge funds.

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

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