Equities research analysts expect Paylocity Holding Corporation (NASDAQ:PCTY) to report earnings of $0.11 per share for the current quarter, according to Zacks. Nine analysts have made estimates for Paylocity Holding Corporation’s earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.12. Paylocity Holding Corporation posted earnings per share of $0.07 during the same quarter last year, which indicates a positive year-over-year growth rate of 57.1%. The business is expected to issue its next quarterly earnings results after the market closes on Thursday, November 2nd.
On average, analysts expect that Paylocity Holding Corporation will report full-year earnings of $0.80 per share for the current year, with EPS estimates ranging from $0.78 to $0.89. For the next financial year, analysts expect that the company will report earnings of $1.05 per share, with EPS estimates ranging from $0.90 to $1.22. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Paylocity Holding Corporation.
Paylocity Holding Corporation (NASDAQ:PCTY) last posted its earnings results on Thursday, August 10th. The software maker reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04. The firm had revenue of $76.10 million during the quarter, compared to the consensus estimate of $73.79 million. Paylocity Holding Corporation had a return on equity of 6.13% and a net margin of 2.24%. The company’s quarterly revenue was up 27.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.01) EPS.
A number of analysts have recently commented on the company. Stifel Nicolaus restated a “buy” rating and issued a $55.00 price objective (up from $50.00) on shares of Paylocity Holding Corporation in a research report on Friday, August 11th. Mizuho reaffirmed a “hold” rating and issued a $45.00 price target on shares of Paylocity Holding Corporation in a research note on Thursday, August 10th. Raymond James Financial, Inc. set a $55.00 price target on Paylocity Holding Corporation and gave the stock a “buy” rating in a research note on Wednesday, August 9th. BidaskClub lowered Paylocity Holding Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research raised Paylocity Holding Corporation from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Tuesday, July 18th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $51.46.
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In other Paylocity Holding Corporation news, SVP Edward W. Gaty sold 5,185 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $48.92, for a total transaction of $253,650.20. Following the transaction, the senior vice president now owns 116,135 shares of the company’s stock, valued at $5,681,324.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael R. Haske sold 88,600 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $45.21, for a total value of $4,005,606.00. Following the transaction, the vice president now directly owns 1,189,606 shares in the company, valued at approximately $53,782,087.26. The disclosure for this sale can be found here. Insiders have sold 1,563,715 shares of company stock worth $70,723,858 in the last three months. 53.10% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PCTY. Ameritas Investment Partners Inc. boosted its stake in Paylocity Holding Corporation by 22.6% during the second quarter. Ameritas Investment Partners Inc. now owns 2,282 shares of the software maker’s stock worth $103,000 after buying an additional 421 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Paylocity Holding Corporation by 562.6% during the second quarter. BNP Paribas Arbitrage SA now owns 3,293 shares of the software maker’s stock worth $149,000 after buying an additional 2,796 shares during the last quarter. Bank of Montreal Can boosted its stake in Paylocity Holding Corporation by 1.2% during the second quarter. Bank of Montreal Can now owns 3,419 shares of the software maker’s stock worth $154,000 after buying an additional 42 shares during the last quarter. Turner Investments LLC acquired a new position in Paylocity Holding Corporation during the second quarter worth $158,000. Finally, Invictus RG acquired a new position in Paylocity Holding Corporation during the first quarter worth $198,000. 60.87% of the stock is currently owned by institutional investors.
Paylocity Holding Corporation (NASDAQ PCTY) traded up 0.88% on Wednesday, hitting $51.34. The stock had a trading volume of 351,541 shares. Paylocity Holding Corporation has a 12 month low of $29.69 and a 12 month high of $52.00. The company has a market cap of $2.66 billion, a PE ratio of 427.83 and a beta of 2.23. The company has a 50-day moving average of $48.11 and a 200 day moving average of $45.27.
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.
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