Paylocity Holding Co. (NASDAQ:PCTY) Director Bernard Robinson Kenneth sold 330 shares of the business’s stock in a transaction that occurred on Monday, September 13th. The stock was sold at an average price of $258.18, for a total transaction of $85,199.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of PCTY stock traded up $5.80 during mid-day trading on Wednesday, reaching $272.80. The company’s stock had a trading volume of 20,970 shares, compared to its average volume of 229,097. Paylocity Holding Co. has a 1-year low of $139.31 and a 1-year high of $275.45. The company has a market cap of $14.90 billion, a P/E ratio of 217.80 and a beta of 1.31. The firm’s 50-day moving average is $233.23 and its two-hundred day moving average is $198.83.
Paylocity (NASDAQ:PCTY) last announced its quarterly earnings data on Thursday, August 5th. The software maker reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.39. Paylocity had a net margin of 11.14% and a return on equity of 16.19%. On average, analysts forecast that Paylocity Holding Co. will post 1.15 EPS for the current fiscal year.
Several research firms recently issued reports on PCTY. Wolfe Research upped their price objective on shares of Paylocity from $180.00 to $230.00 and gave the stock a “peer perform” rating in a report on Friday, August 6th. JMP Securities upped their price objective on shares of Paylocity from $220.00 to $272.00 and gave the stock an “outperform” rating in a report on Friday, August 6th. Mizuho upped their price objective on shares of Paylocity from $175.00 to $220.00 and gave the stock a “neutral” rating in a report on Monday, August 9th. Citigroup reaffirmed a “neutral” rating and set a $203.71 price objective (up from $194.00) on shares of Paylocity in a report on Monday, July 26th. Finally, Raymond James upped their price objective on shares of Paylocity from $205.00 to $270.00 and gave the stock an “outperform” rating in a report on Friday, August 6th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Paylocity presently has an average rating of “Buy” and a consensus target price of $216.86.
Paylocity Holding Corp. engages in the development and provision of cloud-based software solution. It offers cloud-based payroll, human capital management applications, time labor tracking, benefits administration, and talent management. The company was founded by Steve I. Sarowitz in 1997 and is headquartered in Schaumburg, IL.
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