Paylocity Holding Corp (NASDAQ:PCTY) CEO Steven R. Beauchamp sold 10,042 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $50.09, for a total value of $503,003.78. Following the completion of the sale, the chief executive officer now owns 2,180,425 shares of the company’s stock, valued at approximately $109,217,488.25. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Paylocity Holding Corp (PCTY) traded up $0.44 during trading on Friday, hitting $50.10. The stock had a trading volume of 87,242 shares, compared to its average volume of 207,850. The stock has a market capitalization of $2,610.00, a price-to-earnings ratio of 278.33, a price-to-earnings-growth ratio of 6.49 and a beta of 2.11. Paylocity Holding Corp has a 52-week low of $29.69 and a 52-week high of $53.96.

Paylocity (NASDAQ:PCTY) last issued its quarterly earnings data on Thursday, November 2nd. The software maker reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.17. The firm had revenue of $81.50 million during the quarter, compared to analyst estimates of $80.88 million. Paylocity had a return on equity of 7.98% and a net margin of 3.11%. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 earnings per share. equities research analysts expect that Paylocity Holding Corp will post 0.33 earnings per share for the current year.

A number of equities research analysts have issued reports on the company. Zacks Investment Research lowered Paylocity from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. BidaskClub lowered Paylocity from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. SunTrust Banks reiterated a “hold” rating and issued a $47.00 price target on shares of Paylocity in a research note on Friday, November 3rd. Mizuho reiterated a “hold” rating and issued a $45.00 price target on shares of Paylocity in a research note on Thursday, October 12th. Finally, Robert W. Baird increased their price target on Paylocity from $52.00 to $56.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $52.92.

Institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its position in shares of Paylocity by 10.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 113,529 shares of the software maker’s stock valued at $5,130,000 after purchasing an additional 10,911 shares in the last quarter. Menta Capital LLC purchased a new position in shares of Paylocity during the second quarter valued at about $1,270,000. Teachers Advisors LLC grew its position in Paylocity by 29.0% in the second quarter. Teachers Advisors LLC now owns 47,178 shares of the software maker’s stock worth $2,132,000 after acquiring an additional 10,613 shares in the last quarter. Jane Street Group LLC purchased a new position in Paylocity in the third quarter worth about $260,000. Finally, Vanguard Group Inc. grew its position in Paylocity by 3.8% in the second quarter. Vanguard Group Inc. now owns 2,070,015 shares of the software maker’s stock worth $93,524,000 after acquiring an additional 75,709 shares in the last quarter. Hedge funds and other institutional investors own 59.78% of the company’s stock.

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Paylocity 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 (NASDAQ:PCTY)

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