Paylocity Holding Corp. (NASDAQ:PCTY) CFO Peter J. Mcgrail sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $34.28, for a total transaction of $171,400.00. Following the sale, the chief financial officer now owns 147,058 shares in the company, valued at $5,041,148.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Paylocity Holding Corp. (NASDAQ:PCTY) opened at 34.98 on Friday. The stock’s 50 day moving average price is $41.55 and its 200-day moving average price is $41.75. Paylocity Holding Corp. has a 12 month low of $24.00 and a 12 month high of $49.65. The firm’s market capitalization is $1.80 billion.

Paylocity Holding Corp. (NASDAQ:PCTY) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. Paylocity Holding Corp. had a negative return on equity of 1.24% and a negative net margin of 1.19%. The firm had revenue of $65 million for the quarter, compared to analyst estimates of $63.58 million. During the same period last year, the company earned $0.02 EPS. The firm’s quarterly revenue was up 44.1% on a year-over-year basis. On average, analysts forecast that Paylocity Holding Corp. will post $0.39 earnings per share for the current year.

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

A number of hedge funds have recently modified their holdings of the company. First Trust Advisors LP acquired a new stake in shares of Paylocity Holding Corp. during the second quarter worth about $985,000. TD Asset Management Inc. acquired a new stake in shares of Paylocity Holding Corp. during the second quarter worth about $3,452,000. Emerald Acquisition Ltd. acquired a new stake in shares of Paylocity Holding Corp. during the second quarter worth about $638,000. Swiss National Bank raised its stake in shares of Paylocity Holding Corp. by 13.5% in the second quarter. Swiss National Bank now owns 36,250 shares of the company’s stock worth $1,566,000 after buying an additional 4,300 shares during the last quarter. Finally, Riverbridge Partners LLC acquired a new stake in shares of Paylocity Holding Corp. during the second quarter worth about $23,597,000. 64.78% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on PCTY. JMP Securities boosted their price target on shares of Paylocity Holding Corp. from $43.00 to $55.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 10th. Deutsche Bank AG boosted their price target on shares of Paylocity Holding Corp. from $52.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, August 10th. Stifel Nicolaus boosted their price target on shares of Paylocity Holding Corp. from $43.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, August 10th. Zacks Investment Research upgraded shares of Paylocity Holding Corp. from a “hold” rating to a “strong-buy” rating and set a $52.00 price target on the stock in a research note on Saturday, August 13th. Finally, Pacific Crest reiterated a “hold” rating on shares of Paylocity Holding Corp. in a research note on Wednesday, September 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. Paylocity Holding Corp. has a consensus rating of “Hold” and an average price target of $47.55.

Paylocity Holding Corp. 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 solutions enable its clients to manage their workforce. Its multi-tenant software platform is configurable and includes a suite of payroll and HCM applications, such as time and labor tracking, benefits and talent management.

5 Day Chart for NASDAQ:PCTY

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