Steven R. Beauchamp Sells 5,470 Shares of Paylocity Holding Corporation (PCTY) Stock

Paylocity Holding Corporation (NASDAQ:PCTY) CEO Steven R. Beauchamp sold 5,470 shares of Paylocity Holding Corporation stock in a transaction on Friday, October 6th. The shares were sold at an average price of $50.09, for a total transaction of $273,992.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Paylocity Holding Corporation (PCTY) opened at 49.98 on Thursday. The company’s 50 day moving average price is $47.91 and its 200 day moving average price is $45.06. Paylocity Holding Corporation has a one year low of $29.69 and a one year high of $50.72. The stock has a market capitalization of $2.59 billion, a P/E ratio of 416.50 and a beta of 2.23.

Paylocity Holding Corporation (NASDAQ:PCTY) last released its quarterly earnings results on Thursday, August 10th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.04. The company had revenue of $76.10 million during the quarter, compared to the consensus estimate of $73.79 million. Paylocity Holding Corporation had a return on equity of 6.13% and a net margin of 2.24%. The firm’s revenue was up 27.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.01) EPS. On average, equities analysts expect that Paylocity Holding Corporation will post $0.79 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This piece of content was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this piece of content can be read at https://sportsperspectives.com/2017/10/12/steven-r-beauchamp-sells-5470-shares-of-paylocity-holding-corporation-pcty-stock.html.

Several equities research analysts have issued reports on PCTY shares. SunTrust Banks, Inc. initiated coverage on shares of Paylocity Holding Corporation in a research note on Monday, June 26th. They set a “hold” rating and a $45.00 target price on the stock. Zacks Investment Research lowered shares of Paylocity Holding Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 4th. JMP Securities restated an “outperform” rating and issued a $54.00 price objective on shares of Paylocity Holding Corporation in a report on Tuesday, July 18th. BidaskClub lowered shares of Paylocity Holding Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Raymond James Financial, Inc. set a $55.00 price objective on shares of Paylocity Holding Corporation and gave the company a “buy” rating in a report on Wednesday, August 9th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $51.46.

A number of institutional investors have recently bought and sold shares of PCTY. Janus Henderson Group PLC acquired a new position in Paylocity Holding Corporation in the 2nd quarter valued at approximately $29,148,000. MARSHALL WACE ASIA Ltd bought a new stake in Paylocity Holding Corporation during the 1st quarter worth approximately $16,054,000. Tudor Investment Corp ET AL grew its position in Paylocity Holding Corporation by 2,737.3% during the 1st quarter. Tudor Investment Corp ET AL now owns 314,709 shares of the software maker’s stock worth $12,157,000 after acquiring an additional 303,617 shares during the last quarter. Blair William & Co. IL grew its position in Paylocity Holding Corporation by 70.1% during the 2nd quarter. Blair William & Co. IL now owns 545,439 shares of the software maker’s stock worth $24,643,000 after acquiring an additional 224,771 shares during the last quarter. Finally, Granahan Investment Management Inc. MA bought a new stake in Paylocity Holding Corporation during the 1st quarter worth approximately $4,936,000. 60.87% of the stock is owned by hedge funds and other institutional investors.

Paylocity Holding Corporation Company Profile

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.

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

Receive News & Ratings for Paylocity Holding Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paylocity Holding Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply