Paylocity Holding Corp (NASDAQ:PCTY) SVP Mark S. Kinsey sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $97.01, for a total transaction of $485,050.00. Following the completion of the transaction, the senior vice president now owns 85,312 shares in the company, valued at approximately $8,276,117.12. The sale was disclosed in a legal filing with the SEC, which is available through this link.

PCTY traded up $0.56 during midday trading on Wednesday, hitting $96.68. 261,100 shares of the company traded hands, compared to its average volume of 286,975. The stock has a market capitalization of $4.95 billion, a P/E ratio of 311.26, a P/E/G ratio of 8.27 and a beta of 2.07. Paylocity Holding Corp has a 52 week low of $52.93 and a 52 week high of $99.80.

Paylocity (NASDAQ:PCTY) last posted its earnings results on Thursday, May 2nd. The software maker reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.19. Paylocity had a net margin of 9.52% and a return on equity of 15.29%. The business had revenue of $139.60 million for the quarter, compared to analysts’ expectations of $135.97 million. During the same quarter in the prior year, the business earned $0.71 EPS. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. Research analysts forecast that Paylocity Holding Corp will post 0.56 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PCTY. FTB Advisors Inc. increased its holdings in Paylocity by 25.1% in the 4th quarter. FTB Advisors Inc. now owns 642 shares of the software maker’s stock worth $38,000 after acquiring an additional 129 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in Paylocity during the 1st quarter valued at approximately $61,000. Hilton Capital Management LLC purchased a new stake in Paylocity during the 1st quarter valued at approximately $63,000. Bronfman E.L. Rothschild L.P. grew its holdings in Paylocity by 34.8% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 774 shares of the software maker’s stock valued at $47,000 after buying an additional 200 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Paylocity during the 1st quarter valued at approximately $132,000. 65.36% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on PCTY. SunTrust Banks upped their price target on shares of Paylocity to $108.00 and gave the stock a “positive” rating in a research note on Friday, May 3rd. Craig Hallum restated a “hold” rating and set a $97.00 target price (up previously from $78.00) on shares of Paylocity in a research note on Friday, May 3rd. Jefferies Financial Group upped their target price on shares of Paylocity from $85.00 to $103.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. KeyCorp started coverage on shares of Paylocity in a research note on Tuesday, April 16th. They set an “overweight” rating and a $104.00 target price on the stock. Finally, Zacks Investment Research cut shares of Paylocity from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $88.57.

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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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