Paylocity Holding Corp (NASDAQ:PCTY) insider Michael R. Haske sold 25,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $43.37, for a total transaction of $1,084,250.00. Following the completion of the transaction, the insider now owns 1,159,202 shares of the company’s stock, valued at $50,274,590.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Paylocity Holding Corp (NASDAQ PCTY) traded up $1.42 on Wednesday, reaching $44.33. 283,983 shares of the company traded hands, compared to its average volume of 252,761. The firm has a market capitalization of $2,330.00, a PE ratio of 201.50, a PEG ratio of 6.18 and a beta of 2.09. Paylocity Holding Corp has a 1 year low of $34.13 and a 1 year high of $53.96.

Paylocity (NASDAQ:PCTY) last posted its quarterly earnings results on Thursday, February 8th. The software maker reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. The firm had revenue of $86.00 million for the quarter, compared to analysts’ expectations of $85.03 million. Paylocity had a net margin of 3.57% and a return on equity of 9.09%. The firm’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 earnings per share. sell-side analysts expect that Paylocity Holding Corp will post 0.33 EPS for the current year.

Several research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Paylocity from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Bank of America upped their target price on shares of Paylocity from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. SunTrust Banks restated a “hold” rating and issued a $47.00 target price on shares of Paylocity in a research note on Friday, November 3rd. Robert W. Baird upped their target price on shares of Paylocity from $52.00 to $56.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Finally, TheStreet upgraded shares of Paylocity from a “c” rating to a “b-” rating in a research note on Friday, November 3rd. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $52.92.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Paylocity by 3.8% in the second quarter. Vanguard Group Inc. now owns 2,070,015 shares of the software maker’s stock valued at $93,524,000 after acquiring an additional 75,709 shares in the last quarter. BlackRock Inc. raised its holdings in Paylocity by 1.7% in the fourth quarter. BlackRock Inc. now owns 1,821,962 shares of the software maker’s stock valued at $85,924,000 after acquiring an additional 30,155 shares in the last quarter. Fred Alger Management Inc. raised its holdings in Paylocity by 12.1% in the fourth quarter. Fred Alger Management Inc. now owns 1,163,567 shares of the software maker’s stock valued at $54,874,000 after acquiring an additional 125,664 shares in the last quarter. TimesSquare Capital Management LLC raised its holdings in Paylocity by 7.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,120,400 shares of the software maker’s stock valued at $52,838,000 after acquiring an additional 77,900 shares in the last quarter. Finally, Wasatch Advisors Inc. raised its holdings in shares of Paylocity by 24.4% during the fourth quarter. Wasatch Advisors Inc. now owns 1,071,943 shares of the software maker’s stock worth $50,553,000 after purchasing an additional 210,556 shares during the period. 60.47% of the stock is currently owned by hedge funds and other institutional investors.

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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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