Paylocity Holding Corp (NASDAQ:PCTY) insider Mark S. Kinsey sold 1,355 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $101.14, for a total transaction of $137,044.70. Following the completion of the transaction, the insider now directly owns 92,790 shares of the company’s stock, valued at approximately $9,384,780.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
PCTY opened at $109.47 on Thursday. The firm has a 50-day simple moving average of $103.47 and a two-hundred day simple moving average of $94.23. Paylocity Holding Corp has a 52 week low of $53.46 and a 52 week high of $111.61. The company has a market capitalization of $5.59 billion, a PE ratio of 101.36, a price-to-earnings-growth ratio of 4.95 and a beta of 1.69.
Paylocity (NASDAQ:PCTY) last released its quarterly earnings data on Thursday, August 8th. The software maker reported $0.34 EPS for the quarter, beating the consensus estimate of $0.07 by $0.27. Paylocity had a net margin of 11.57% and a return on equity of 18.19%. The business had revenue of $120.37 million during the quarter, compared to the consensus estimate of $117.51 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The business’s revenue was up 24.6% on a year-over-year basis. As a group, analysts forecast that Paylocity Holding Corp will post 1.06 earnings per share for the current year.
Several research analysts recently weighed in on the stock. Cantor Fitzgerald assumed coverage on shares of Paylocity in a report on Tuesday, June 18th. They issued an “overweight” rating for the company. Jefferies Financial Group upped their target price on shares of Paylocity to $115.00 in a report on Thursday, August 8th. BidaskClub downgraded shares of Paylocity from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 15th. Raymond James increased their price objective on shares of Paylocity from $105.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Finally, KeyCorp increased their price objective on shares of Paylocity from $112.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Paylocity currently has a consensus rating of “Buy” and a consensus price target of $105.73.
Paylocity Company Profile
Paylocity Holding Corporation provides cloud-based payroll and human capital management software solutions for medium-sized organizations in the United States. The company offers Paylocity Web Pay for enterprise-grade payroll processing and administration; Paylocity Web HR for employee record management, HR compliance and reporting, HR insight and analytics, and self-service portals; 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.
Further Reading: How much money do you need to begin day trading?
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.