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.
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.
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.
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