Paylocity Holding Co. (NASDAQ:PCTY – Get Free Report) CEO Steven R. Beauchamp sold 49,442 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $142.68, for a total transaction of $7,054,384.56. Following the transaction, the chief executive officer now owns 1,745,022 shares in the company, valued at $248,979,738.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Paylocity Stock Up 1.2 %
Shares of NASDAQ:PCTY opened at $149.43 on Friday. The company’s 50 day moving average price is $142.22 and its two-hundred day moving average price is $157.06. Paylocity Holding Co. has a 12-month low of $129.94 and a 12-month high of $230.52. The firm has a market cap of $8.43 billion, a PE ratio of 43.44, a PEG ratio of 2.46 and a beta of 0.92.
Paylocity (NASDAQ:PCTY – Get Free Report) last announced its earnings results on Thursday, May 2nd. The software maker reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.29. Paylocity had a net margin of 14.42% and a return on equity of 22.08%. The firm had revenue of $401.28 million for the quarter, compared to analyst estimates of $396.93 million. On average, research analysts expect that Paylocity Holding Co. will post 3.95 EPS for the current year.
Institutional Trading of Paylocity
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on PCTY shares. Needham & Company LLC restated a “buy” rating and set a $200.00 price objective on shares of Paylocity in a research note on Friday, May 3rd. Barclays lowered their price objective on shares of Paylocity from $178.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. Robert W. Baird decreased their price target on shares of Paylocity from $225.00 to $195.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 18th. Piper Sandler decreased their price target on shares of Paylocity from $210.00 to $194.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. Finally, TD Cowen decreased their price target on shares of Paylocity from $180.00 to $153.00 and set a “buy” rating on the stock in a research note on Thursday, June 20th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $187.88.
About Paylocity
Paylocity Holding Corporation provides cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers Payroll and Tax Services solution to simplifies payroll, automates processes, and manages compliance requirements within one system; and expense management, on demand payment, and garnishment solutions.
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