Paylocity Holding Corporation (PCTY) Getting Somewhat Favorable Press Coverage, Analysis Shows
News stories about Paylocity Holding Corporation (NASDAQ:PCTY) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Paylocity Holding Corporation earned a news impact score of 0.12 on Accern’s scale. Accern also assigned headlines about the software maker an impact score of 45.3226416587177 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Paylocity Announces Michael Haske’s Promotion to President & COO (finance.yahoo.com)
- Paylocity Holding Corporation (PCTY) Insider Sells $519,840.00 in Stock (americanbankingnews.com)
- Paylocity Holding Corp. breached its 50 day moving average in a Bullish Manner : PCTY-US : August 16, 2017 (finance.yahoo.com)
- Paylocity Holding Corporation (PCTY) Insider Steven R. Beauchamp Sells 50,000 Shares (americanbankingnews.com)
- Paylocity Holding Corporation (PCTY) Director Sells $8,962,000.00 in Stock (americanbankingnews.com)
Paylocity Holding Corporation (NASDAQ PCTY) opened at 45.10 on Friday. The firm has a market capitalization of $2.33 billion, a PE ratio of 375.83 and a beta of 2.26. Paylocity Holding Corporation has a 52-week low of $29.69 and a 52-week high of $49.65. The firm’s 50-day moving average is $45.64 and its 200-day moving average is $41.63.
Paylocity Holding Corporation (NASDAQ:PCTY) last issued its earnings results on Thursday, August 10th. The software maker reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.04. The company had revenue of $76.10 million for the quarter, compared to analyst estimates of $73.79 million. Paylocity Holding Corporation had a net margin of 2.24% and a return on equity of 6.13%. The business’s revenue was up 27.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.01) EPS. On average, analysts anticipate that Paylocity Holding Corporation will post $0.79 earnings per share for the current year.
Several research analysts recently commented on the stock. Deutsche Bank AG boosted their price objective on shares of Paylocity Holding Corporation from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, May 15th. Raymond James Financial, Inc. set a $55.00 target price on shares of Paylocity Holding Corporation and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of Paylocity Holding Corporation from a “hold” rating to a “strong-buy” rating and set a $50.00 target price on the stock in a research report on Wednesday, May 10th. Needham & Company LLC reissued a “buy” rating and set a $46.00 target price (up previously from $40.00) on shares of Paylocity Holding Corporation in a research report on Friday, May 5th. Finally, Royal Bank Of Canada boosted their target price on shares of Paylocity Holding Corporation from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Thursday, May 25th. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $51.17.
In other Paylocity Holding Corporation news, VP Michael R. Haske sold 88,600 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $45.21, for a total transaction of $4,005,606.00. Following the sale, the vice president now directly owns 1,189,606 shares in the company, valued at approximately $53,782,087.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Peter J. Mcgrail sold 49,764 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $47.27, for a total transaction of $2,352,344.28. Following the sale, the chief financial officer now owns 227,475 shares in the company, valued at $10,752,743.25. The disclosure for this sale can be found here. Insiders have sold a total of 399,764 shares of company stock worth $18,158,790 over the last 90 days. Insiders own 53.10% of the company’s stock.
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.
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