Paylocity Holding Corporation (NASDAQ:PCTY) CEO Steven R. Beauchamp sold 50,000 shares of Paylocity Holding Corporation stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $46.63, for a total value of $2,331,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Paylocity Holding Corporation (NASDAQ PCTY) traded down $0.20 during mid-day trading on Tuesday, hitting $47.44. The stock had a trading volume of 323,800 shares, compared to its average volume of 291,142. The company has a market cap of $2,501.90, a price-to-earnings ratio of 216.54, a P/E/G ratio of 6.33 and a beta of 2.24. Paylocity Holding Corporation has a 12-month low of $29.69 and a 12-month high of $53.96.

Paylocity Holding Corporation (NASDAQ:PCTY) last released its quarterly earnings results on Thursday, November 2nd. The software maker reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.17. Paylocity Holding Corporation had a return on equity of 7.98% and a net margin of 3.11%. The company had revenue of $81.50 million for the quarter, compared to analyst estimates of $80.88 million. During the same period in the previous year, the company posted $0.07 earnings per share. The firm’s revenue was up 25.4% on a year-over-year basis. equities analysts anticipate that Paylocity Holding Corporation will post 0.32 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in PCTY. Janus Henderson Group PLC bought a new stake in shares of Paylocity Holding Corporation during the second quarter valued at approximately $29,148,000. Alyeska Investment Group L.P. boosted its position in shares of Paylocity Holding Corporation by 56.3% during the third quarter. Alyeska Investment Group L.P. now owns 625,000 shares of the software maker’s stock valued at $30,513,000 after purchasing an additional 225,000 shares in the last quarter. Blair William & Co. IL boosted its position in shares of Paylocity Holding Corporation by 70.1% during the second quarter. Blair William & Co. IL now owns 545,439 shares of the software maker’s stock valued at $24,643,000 after purchasing an additional 224,771 shares in the last quarter. Palisade Capital Management LLC NJ bought a new stake in shares of Paylocity Holding Corporation during the second quarter valued at approximately $5,092,000. Finally, FMR LLC boosted its position in shares of Paylocity Holding Corporation by 5.2% during the second quarter. FMR LLC now owns 1,963,017 shares of the software maker’s stock valued at $88,689,000 after purchasing an additional 97,368 shares in the last quarter. Institutional investors own 59.44% of the company’s stock.

PCTY has been the topic of a number of analyst reports. Mizuho reaffirmed a “hold” rating and issued a $45.00 price target on shares of Paylocity Holding Corporation in a research note on Thursday, October 12th. Bank of America Corporation reaffirmed a “buy” rating and issued a $47.00 price target (down from $50.00) on shares of Paylocity Holding Corporation in a research note on Friday, August 11th. ValuEngine raised Paylocity Holding Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research cut Paylocity Holding Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Robert W. Baird lifted their price target on Paylocity Holding Corporation from $52.00 to $56.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $52.92.

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.

Insider Buying and Selling by Quarter for Paylocity Holding Corporation (NASDAQ:PCTY)

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