Media stories about Paylocity (NASDAQ:PCTY) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Paylocity earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the software maker an impact score of 46.4724361134589 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s analysis:
- Paylocity (PCTY) Stock Rating Reaffirmed by William Blair (americanbankingnews.com)
- Insider Selling: Paylocity Holding Corp (PCTY) CEO Sells 50,000 Shares of Stock (americanbankingnews.com)
- Michael R. Haske Sells 25,000 Shares of Paylocity Holding Corp (PCTY) Stock (americanbankingnews.com)
- Paylocity (PCTY) Upgraded by Zacks Investment Research to “Hold” (americanbankingnews.com)
Paylocity (NASDAQ:PCTY) opened at $45.19 on Tuesday. Paylocity has a one year low of $34.13 and a one year high of $53.96. The firm has a market capitalization of $2,377.16, a P/E ratio of 205.41, a P/E/G ratio of 6.80 and a beta of 2.09.
A number of equities analysts recently weighed in on the company. Zacks Investment Research upgraded Paylocity from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. William Blair reiterated an “outperform” rating on shares of Paylocity in a research report on Friday, February 9th. BidaskClub upgraded Paylocity from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Dougherty & Co assumed coverage on Paylocity in a research report on Tuesday, December 19th. They issued a “neutral” rating for the company. Finally, TheStreet lowered Paylocity from a “b-” rating to a “c+” rating in a research report on Tuesday, December 5th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $52.92.
In other Paylocity news, SVP Edward W. Gaty sold 5,062 shares of Paylocity stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $45.82, for a total value of $231,940.84. Following the transaction, the senior vice president now directly owns 116,135 shares of the company’s stock, valued at approximately $5,321,305.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael R. Haske sold 25,000 shares of Paylocity stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $43.37, for a total value of $1,084,250.00. Following the completion of the transaction, the insider now directly owns 1,159,202 shares in the company, valued at $50,274,590.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 148,704 shares of company stock worth $6,999,999. Company insiders own 48.80% of the company’s stock.
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.
Receive News & Ratings for Paylocity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paylocity and related companies with MarketBeat.com's FREE daily email newsletter.