Paylocity (PCTY) Given Media Sentiment Rating of 0.18
News articles about Paylocity (NASDAQ:PCTY) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. 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 earned a news impact score of 0.18 on Accern’s scale. Accern also gave news stories about the software maker an impact score of 44.708991779806 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Paylocity Reaps the Benefits of Robust SaaS Based Portfolio (zacks.com)
- Paylocity Holding Corp (PCTY) Expected to Announce Quarterly Sales of $84.94 Million (americanbankingnews.com)
- Paylocity (PCTY) Raised to “Buy” at Zacks Investment Research (americanbankingnews.com)
- Paylocity (PCTY) Downgraded to “Sell” at BidaskClub (americanbankingnews.com)
Shares of Paylocity (PCTY) opened at $47.50 on Thursday. Paylocity has a 52 week low of $29.69 and a 52 week high of $53.96. The firm has a market cap of $2,476.69, a price-to-earnings ratio of 263.89, a price-to-earnings-growth ratio of 6.08 and a beta of 2.11.
Paylocity (NASDAQ:PCTY) last posted its quarterly earnings results on Thursday, November 2nd. The software maker reported $0.15 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.17. Paylocity had a net margin of 3.11% and a return on equity of 7.98%. The firm had revenue of $81.50 million during the quarter, compared to the consensus estimate of $80.88 million. During the same period in the previous year, the firm posted $0.07 earnings per share. The business’s revenue was up 25.4% compared to the same quarter last year. equities analysts predict that Paylocity will post 0.33 EPS for the current fiscal year.
PCTY has been the topic of a number of recent research reports. TheStreet upgraded shares of Paylocity from a “c” rating to a “b-” rating in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of Paylocity from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Tuesday. Bank of America lifted their target price on shares of Paylocity from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Northland Securities reissued a “buy” rating and set a $55.00 target price on shares of Paylocity in a research note on Sunday, September 10th. Finally, BidaskClub raised shares of Paylocity from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $52.92.
In other Paylocity news, CEO Steven R. Beauchamp sold 5,470 shares of Paylocity stock in a transaction on Friday, October 6th. The shares were sold at an average price of $50.09, for a total value of $273,992.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven R. Beauchamp sold 50,000 shares of Paylocity stock in a transaction on Monday, November 13th. The shares were sold at an average price of $46.63, for a total transaction of $2,331,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,381,674 shares of company stock valued at $63,816,925. Insiders own 48.80% of the company’s stock.
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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