Paylocity Holding Corporation (NASDAQ:PCTY) CEO Steven R. Beauchamp sold 24,530 shares of Paylocity Holding Corporation stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $50.24, for a total transaction of $1,232,387.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Paylocity Holding Corporation (NASDAQ PCTY) traded down 0.08% during trading on Wednesday, hitting $49.62. 90,529 shares of the company were exchanged. Paylocity Holding Corporation has a 1-year low of $29.69 and a 1-year high of $50.72. The stock has a market capitalization of $2.57 billion, a PE ratio of 413.50 and a beta of 2.23. The company has a 50 day moving average of $47.23 and a 200-day moving average of $44.50.

Paylocity Holding Corporation (NASDAQ:PCTY) last announced its quarterly earnings data on Thursday, August 10th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.04. Paylocity Holding Corporation had a return on equity of 6.13% and a net margin of 2.24%. The business had revenue of $76.10 million for the quarter, compared to analysts’ expectations of $73.79 million. During the same period in the previous year, the business posted ($0.01) EPS. The firm’s quarterly revenue was up 27.3% compared to the same quarter last year. On average, analysts forecast that Paylocity Holding Corporation will post $0.79 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Steven R. Beauchamp Sells 24,530 Shares of Paylocity Holding Corporation (PCTY) Stock” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another domain, it was stolen and reposted in violation of US & international trademark & copyright law. The original version of this news story can be accessed at https://www.thecerbatgem.com/2017/10/04/steven-r-beauchamp-sells-24530-shares-of-paylocity-holding-corporation-pcty-stock.html.

A number of institutional investors have recently made changes to their positions in PCTY. Janus Henderson Group PLC bought a new stake in Paylocity Holding Corporation in the 2nd quarter valued at about $29,148,000. Marshall Wace North America L.P. bought a new stake in Paylocity Holding Corporation in the 1st quarter valued at about $16,054,000. MARSHALL WACE ASIA Ltd bought a new stake in Paylocity Holding Corporation in the 1st quarter valued at about $16,054,000. Tudor Investment Corp ET AL raised its stake in Paylocity Holding Corporation by 2,737.3% in the 1st quarter. Tudor Investment Corp ET AL now owns 314,709 shares of the software maker’s stock valued at $12,157,000 after acquiring an additional 303,617 shares during the period. Finally, Blair William & Co. IL raised its stake in Paylocity Holding Corporation by 70.1% in the 2nd quarter. Blair William & Co. IL now owns 545,439 shares of the software maker’s stock valued at $24,643,000 after acquiring an additional 224,771 shares during the period. Institutional investors and hedge funds own 60.87% of the company’s stock.

PCTY has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Paylocity Holding Corporation from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Tuesday, July 18th. ValuEngine raised shares of Paylocity Holding Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. JMP Securities reaffirmed an “outperform” rating and set a $54.00 price objective on shares of Paylocity Holding Corporation in a report on Tuesday, July 18th. SunTrust Banks, Inc. initiated coverage on shares of Paylocity Holding Corporation in a report on Monday, June 26th. They set a “hold” rating and a $45.00 price objective on the stock. Finally, Northland Securities reaffirmed a “buy” rating and set a $55.00 price objective on shares of Paylocity Holding Corporation in a report on Sunday, September 10th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $51.46.

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 & Stock 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 stocks with our FREE daily email newsletter.