News stories about Paylocity (NASDAQ:PCTY) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Paylocity earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news stories about the software maker an impact score of 46.2672183345271 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Paylocity (PCTY) Downgraded to “Hold” at BidaskClub (americanbankingnews.com)
- Paylocity Holding (PCTY) Expected to Post Quarterly Sales of $110.64 Million (americanbankingnews.com)
- Paylocity (PCTY) Lifted to “Strong-Buy” at BidaskClub (americanbankingnews.com)
- Raymond James Financial Analysts Give Paylocity (PCTY) a $55.00 Price Target (americanbankingnews.com)
- Brokerages Expect Paylocity Holding (PCTY) to Post $0.47 Earnings Per Share (americanbankingnews.com)
Shares of PCTY opened at $54.05 on Monday. Paylocity has a 52-week low of $37.91 and a 52-week high of $57.16. The firm has a market capitalization of $2,876.37, a price-to-earnings ratio of 360.33, a P/E/G ratio of 8.22 and a beta of 2.00.
A number of research analysts have weighed in on the company. BidaskClub upgraded Paylocity from a “buy” rating to a “strong-buy” rating in a report on Thursday. Zacks Investment Research lowered Paylocity from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. ValuEngine upgraded Paylocity from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. First Analysis raised their price objective on Paylocity from $63.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, March 19th. Finally, Needham & Company LLC restated a “buy” rating and issued a $65.00 price objective (up previously from $60.00) on shares of Paylocity in a report on Thursday, March 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $54.57.
In other Paylocity news, CEO Steven R. Beauchamp sold 10,042 shares of the firm’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $50.09, for a total value of $503,003.78. Following the completion of the sale, the chief executive officer now directly owns 2,180,425 shares of the company’s stock, valued at approximately $109,217,488.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Steven R. Beauchamp sold 6,742 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $50.13, for a total value of $337,976.46. Following the sale, the chief executive officer now directly owns 2,180,425 shares of the company’s stock, valued at $109,304,705.25. The disclosure for this sale can be found here. Insiders sold a total of 290,927 shares of company stock valued at $13,750,422 over the last ninety days. Corporate insiders own 48.80% of the company’s stock.
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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