Paylocity Holding Corporation (PCTY) Receives Coverage Optimism Score of 0.11
Press coverage about Paylocity Holding Corporation (NASDAQ:PCTY) has been trending somewhat positive on Saturday, Accern Sentiment reports. The research group rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Paylocity Holding Corporation earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave media stories about the software maker an impact score of 47.2266957739334 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Paylocity Holding Corporation (PCTY) Issues Quarterly Earnings Results (americanbankingnews.com)
- Paylocity Holding Corporation (PCTY) Issues Q2 Earnings Guidance (americanbankingnews.com)
- Paylocity Holding Corporation (PCTY) Releases FY18 Earnings Guidance (americanbankingnews.com)
- Paylocity Holding Corporation (PCTY) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- SaaS HCM Solutions to Drive Paylocity's (PCTY) Q1 Earnings (finance.yahoo.com)
Several research firms recently issued reports on PCTY. Bank of America Corporation raised their price objective on shares of Paylocity Holding Corporation from $50.00 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. SunTrust Banks, Inc. restated a “hold” rating and set a $47.00 price objective on shares of Paylocity Holding Corporation in a research report on Friday. Robert W. Baird raised their price objective on shares of Paylocity Holding Corporation from $52.00 to $56.00 and gave the stock an “outperform” rating in a research report on Friday. Mizuho restated a “hold” rating and set a $45.00 price objective on shares of Paylocity Holding Corporation in a research report on Thursday, October 12th. Finally, ValuEngine upgraded shares of Paylocity Holding Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $52.57.
Paylocity Holding Corporation (PCTY) opened at $50.31 on Friday. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 234.50, a PEG ratio of 7.03 and a beta of 2.24.
Paylocity Holding Corporation (NASDAQ:PCTY) last posted its quarterly earnings data on Thursday, November 2nd. The software maker reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.17. Paylocity Holding Corporation had a net margin of 3.11% and a return on equity of 8.11%. The business had revenue of $81.50 million during the quarter, compared to analyst estimates of $80.88 million. During the same quarter last year, the firm posted $0.07 earnings per share. The business’s revenue for the quarter was up 25.4% compared to the same quarter last year. research analysts predict that Paylocity Holding Corporation will post 0.27 EPS for the current year.
In other news, VP Michael R. Haske sold 88,600 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $45.21, for a total value of $4,005,606.00. Following the completion of the transaction, the vice president now owns 1,189,606 shares of the company’s stock, valued at $53,782,087.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Steven I. Sarowitz sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $44.81, for a total transaction of $8,962,000.00. Following the completion of the transaction, the director now directly owns 16,212,317 shares of the company’s stock, valued at approximately $726,473,924.77. The disclosure for this sale can be found here. In the last three months, insiders sold 1,563,715 shares of company stock valued at $70,723,858. Insiders own 48.80% of the company’s stock.
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About Paylocity Holding Corporation
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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