Paylocity Holding Corporation (PCTY) Receives Daily Coverage Optimism Score of 0.18
News stories about Paylocity Holding Corporation (NASDAQ:PCTY) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Paylocity Holding Corporation earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the software maker an impact score of 46.9873362129613 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- IHS Markit Score Update: Rise in demand for ETFs holding Paylocity Holding Corp is a positive for its shares (finance.yahoo.com)
- Paylocity Holding Corporation’s (NASDAQ:PCTY) “Buy” Rating Reaffirmed at Stifel Nicolaus (americanbankingnews.com)
- Paylocity Holding Corporation (NASDAQ:PCTY) Earns “Buy” Rating from Bank of America Corporation (americanbankingnews.com)
- Paylocity (PCTY) Q2 Loss Narrower than Expected, Revenues Top (zacks.com)
Paylocity Holding Corporation (NASDAQ PCTY) traded up 3.81% during midday trading on Friday, reaching $45.00. 688,178 shares of the company were exchanged. The company has a 50 day moving average of $45.78 and a 200-day moving average of $41.24. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 375.00 and a beta of 2.26. Paylocity Holding Corporation has a 52-week low of $29.69 and a 52-week high of $49.65.
Paylocity Holding Corporation (NASDAQ:PCTY) last announced its quarterly earnings data on Thursday, August 10th. The software maker reported ($0.06) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.04. Paylocity Holding Corporation had a return on equity of 6.33% and a net margin of 2.24%. The firm had revenue of $76.10 million for the quarter, compared to analyst estimates of $73.79 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. Paylocity Holding Corporation’s quarterly revenue was up 27.3% on a year-over-year basis. On average, equities research analysts anticipate that Paylocity Holding Corporation will post $0.78 earnings per share for the current fiscal year.
A number of brokerages have recently commented on PCTY. ValuEngine raised shares of Paylocity Holding Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. SunTrust Banks, Inc. began coverage on shares of Paylocity Holding Corporation in a research note on Monday, June 26th. They set a “hold” rating and a $45.00 price objective on the stock. Zacks Investment Research cut shares of Paylocity Holding Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. JMP Securities reaffirmed an “outperform” rating and set a $54.00 price objective on shares of Paylocity Holding Corporation in a research note on Tuesday, July 18th. Finally, BidaskClub cut shares of Paylocity Holding Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $51.17.
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In other Paylocity Holding Corporation news, CFO Peter J. Mcgrail sold 49,764 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $47.27, for a total value of $2,352,344.28. Following the sale, the chief financial officer now owns 227,475 shares of the company’s stock, valued at $10,752,743.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven I. Sarowitz sold 27,301 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $45.05, for a total value of $1,229,910.05. Following the completion of the sale, the director now directly owns 16,250,729 shares in the company, valued at approximately $732,095,341.45. The disclosure for this sale can be found here. Insiders sold 182,322 shares of company stock worth $8,279,403 in the last three months. 53.10% of the stock is owned by corporate insiders.
About Paylocity Holding Corporation
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.
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