Positive Press Coverage Somewhat Likely to Affect Paylocity Holding Corporation (PCTY) Share Price
News headlines about Paylocity Holding Corporation (NASDAQ:PCTY) have been trending positive on Monday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than twenty 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 media sentiment score of 0.32 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 56 out of 100, indicating that recent media coverage is somewhat likely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s rankings:
- Zacks: Brokerages Expect Paylocity Holding Corporation (PCTY) Will Announce Quarterly Sales of $73.75 Million (americanbankingnews.com)
- Zacks: Brokerages Anticipate Paylocity Holding Corporation (NASDAQ:PCTY) Will Announce Earnings of -$0.10 Per Share (americanbankingnews.com)
- Paylocity Holding Corp. breached its 50 day moving average in a Bullish Manner : PCTY-US : July 13, 2017 (finance.yahoo.com)
- ETFs with exposure to Paylocity Holding Corp. : July 13, 2017 (finance.yahoo.com)
- Paylocity Introduces HR Compliance Dashboard (finance.yahoo.com)
Paylocity Holding Corporation (NASDAQ PCTY) opened at 46.17 on Monday. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 461.70 and a beta of 2.28. The stock’s 50 day moving average price is $46.42 and its 200-day moving average price is $38.33. Paylocity Holding Corporation has a one year low of $29.69 and a one year high of $49.65.
PCTY has been the topic of several research reports. Deutsche Bank AG upped their target price on Paylocity Holding Corporation from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, May 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $46.00 target price (up from $40.00) on shares of Paylocity Holding Corporation in a research report on Friday, May 5th. TheStreet raised Paylocity Holding Corporation from a “d+” rating to a “c” rating in a research report on Monday, March 20th. SunTrust Banks, Inc. initiated coverage on Paylocity Holding Corporation in a research report on Monday, June 26th. They issued a “hold” rating and a $45.00 target price on the stock. Finally, ValuEngine raised Paylocity Holding Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $48.18.
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In other news, CFO Peter J. Mcgrail sold 49,764 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $47.27, for a total value of $2,352,344.28. Following the sale, the chief financial officer now directly owns 227,475 shares in the company, valued at $10,752,743.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Edward W. Gaty sold 4,257 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $44.78, for a total value of $190,628.46. Following the completion of the sale, the senior vice president now owns 85,934 shares in the company, valued at $3,848,124.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 364,537 shares of company stock worth $16,323,091. Corporate 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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