Paylocity Holding (NASDAQ:PCTY) Insider Sells $174,208.00 in Stock

Paylocity Holding (NASDAQ:PCTY) insider Mark S. Kinsey sold 3,200 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $54.44, for a total value of $174,208.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Paylocity stock opened at $51.06 on Friday. Paylocity Holding has a 1-year low of $37.66 and a 1-year high of $57.16. The firm has a market cap of $2,681.74, a PE ratio of 340.40, a price-to-earnings-growth ratio of 7.66 and a beta of 2.00.

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Paylocity (NASDAQ:PCTY) last announced its quarterly earnings results on Thursday, February 8th. The software maker reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Paylocity had a net margin of 3.57% and a return on equity of 8.93%. The company had revenue of $86.00 million for the quarter, compared to the consensus estimate of $85.03 million. During the same period in the previous year, the firm posted $0.10 EPS. Paylocity’s revenue for the quarter was up 25.3% compared to the same quarter last year. equities research analysts forecast that Paylocity Holding will post 0.3 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in shares of Paylocity by 1.7% during the 4th quarter. BlackRock Inc. now owns 1,821,962 shares of the software maker’s stock worth $85,924,000 after acquiring an additional 30,155 shares in the last quarter. Fred Alger Management Inc. increased its stake in shares of Paylocity by 12.1% in the fourth quarter. Fred Alger Management Inc. now owns 1,163,567 shares of the software maker’s stock worth $54,874,000 after acquiring an additional 125,664 shares during the period. TimesSquare Capital Management LLC increased its stake in shares of Paylocity by 7.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,120,400 shares of the software maker’s stock worth $52,838,000 after acquiring an additional 77,900 shares during the period. Wasatch Advisors Inc. increased its stake in shares of Paylocity by 24.4% in the fourth quarter. Wasatch Advisors Inc. now owns 1,071,943 shares of the software maker’s stock worth $50,553,000 after acquiring an additional 210,556 shares during the period. Finally, Standard Life Aberdeen plc purchased a new stake in Paylocity during the fourth quarter worth $46,616,000. 62.59% of the stock is owned by institutional investors.

PCTY has been the topic of a number of research analyst reports. Dougherty & Co began coverage on Paylocity in a report on Tuesday, December 19th. They issued a “neutral” rating on the stock. Zacks Investment Research raised Paylocity from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Tuesday, January 2nd. BidaskClub raised Paylocity from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. First Analysis boosted their target price on Paylocity from $63.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, March 19th. Finally, SunTrust Banks upgraded Paylocity from a “hold” rating to a “buy” rating and cut their target price for the stock from $52.72 to $45.00 in a research note on Monday, March 12th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $54.57.

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Paylocity Company Profile

Paylocity Holding Corporation provides cloud-based payroll and human capital management (HCM) software solutions for medium-sized organizations in the United States. It offers Paylocity Web Pay for enterprise-grade payroll processing and administration; Paylocity Web HR for employee record management and HR compliance and reporting; Talent Management for employee performance appraisal process and performance review; Paylocity Web Time, a time and attendance solution; and Paylocity Web Expense, an expense management tool designed to streamline and automate the expense management process.

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

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