Paylocity Holding Corp (NASDAQ:PCTY) SVP Mark S. Kinsey sold 386 shares of the stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $66.65, for a total value of $25,726.90. Following the transaction, the senior vice president now directly owns 86,331 shares of the company’s stock, valued at $5,753,961.15. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of PCTY traded up $0.85 during trading hours on Friday, hitting $68.92. 503,900 shares of the company were exchanged, compared to its average volume of 255,306. The firm has a market cap of $3.56 billion, a PE ratio of 222.39, a P/E/G ratio of 6.97 and a beta of 1.94. Paylocity Holding Corp has a one year low of $41.15 and a one year high of $69.18.

Paylocity (NASDAQ:PCTY) last released its quarterly earnings data on Thursday, August 9th. The software maker reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). The company had revenue of $96.62 million for the quarter, compared to the consensus estimate of $93.33 million. Paylocity had a return on equity of 13.21% and a net margin of 10.22%. The business’s revenue was up 27.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 earnings per share. equities research analysts expect that Paylocity Holding Corp will post 0.44 EPS for the current fiscal year.

A number of equities analysts have issued reports on the company. Royal Bank of Canada decreased their price target on Paylocity from $68.00 to $66.00 and set a “sector perform” rating for the company in a research note on Friday, August 10th. Needham & Company LLC increased their price target on Paylocity from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Wells Fargo & Co increased their price target on Paylocity from $52.00 to $58.00 and gave the company a “market perform” rating in a research note on Friday, August 10th. Stifel Nicolaus increased their price target on Paylocity from $59.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $68.00 price target on shares of Paylocity in a research note on Friday, August 10th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $63.69.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PCTY. Cutler Group LP bought a new stake in shares of Paylocity during the 2nd quarter worth $100,000. Summit Trail Advisors LLC boosted its position in shares of Paylocity by 6,931.5% in the first quarter. Summit Trail Advisors LLC now owns 101,816 shares of the software maker’s stock worth $102,000 after buying an additional 100,368 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of Paylocity in the second quarter worth $102,000. We Are One Seven LLC boosted its position in shares of Paylocity by 431.9% in the first quarter. We Are One Seven LLC now owns 2,404 shares of the software maker’s stock worth $123,000 after buying an additional 1,952 shares during the period. Finally, NumerixS Investment Technologies Inc boosted its position in shares of Paylocity by 2,000.0% in the second quarter. NumerixS Investment Technologies Inc now owns 2,100 shares of the software maker’s stock worth $124,000 after buying an additional 2,000 shares during the period. 63.84% of the stock is owned by institutional investors and hedge funds.

About Paylocity

Paylocity Holding Corporation provides cloud-based payroll and human capital management (HCM) software solutions for medium-sized organizations in the United States. It offers Paylocity Web Pay for enterprise-grade payroll processing and administration; Paylocity Web HR for employee record management and HR compliance and reporting; Talent Management for employee performance appraisal process and performance review; Paylocity Web Time, a time and attendance solution; and Paylocity Web Expense, an expense management tool designed to streamline and automate the expense management process.

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