Paylocity Holding Corporation (NASDAQ:PCTY) CEO Steven R. Beauchamp sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $46.63, for a total transaction of $2,331,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Paylocity Holding Corporation (PCTY) opened at $47.80 on Friday. The company has a market cap of $2,452.01, a price-to-earnings ratio of 212.23, a PEG ratio of 6.20 and a beta of 2.24. Paylocity Holding Corporation has a 1 year low of $29.69 and a 1 year high of $53.96.

Paylocity Holding Corporation (NASDAQ:PCTY) last posted its quarterly earnings results on Thursday, November 2nd. The software maker reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.17. Paylocity Holding Corporation had a net margin of 3.11% and a return on equity of 7.98%. The firm had revenue of $81.50 million for the quarter, compared to analyst estimates of $80.88 million. During the same period in the prior year, the firm posted $0.07 earnings per share. The company’s quarterly revenue was up 25.4% compared to the same quarter last year. equities analysts anticipate that Paylocity Holding Corporation will post 0.32 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Paylocity Holding Corporation by 3.8% during 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. FMR LLC raised its position in Paylocity Holding Corporation by 5.2% during the second quarter. FMR LLC now owns 1,963,017 shares of the software maker’s stock worth $88,689,000 after acquiring an additional 97,368 shares in the last quarter. TimesSquare Capital Management LLC raised its position in Paylocity Holding Corporation by 4.7% during the third quarter. TimesSquare Capital Management LLC now owns 1,042,500 shares of the software maker’s stock worth $50,895,000 after acquiring an additional 46,950 shares in the last quarter. Wasatch Advisors Inc. raised its position in Paylocity Holding Corporation by 8.0% during the second quarter. Wasatch Advisors Inc. now owns 863,765 shares of the software maker’s stock worth $39,025,000 after acquiring an additional 64,268 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new stake in Paylocity Holding Corporation during the second quarter worth $29,148,000. 59.44% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the stock. Bank of America Corporation upped their price target on shares of Paylocity Holding Corporation from $50.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $47.00 price target on shares of Paylocity Holding Corporation in a report on Friday, November 3rd. Robert W. Baird upped their price target on shares of Paylocity Holding Corporation from $52.00 to $56.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Mizuho reiterated a “hold” rating and issued a $45.00 price target on shares of Paylocity Holding Corporation in a report on Thursday, October 12th. Finally, TheStreet upgraded shares of Paylocity Holding Corporation from a “c” rating to a “b-” rating in a report on Friday, November 3rd. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Paylocity Holding Corporation has an average rating of “Buy” and a consensus price target of $52.92.

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.

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

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