Insider Selling: Paylocity Holding Corp (PCTY) SVP Sells 5,000 Shares of Stock

Paylocity Holding Corp (NASDAQ:PCTY) SVP Mark S. Kinsey sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $97.01, for a total transaction of $485,050.00. Following the sale, the senior vice president now directly owns 85,312 shares of the company’s stock, valued at approximately $8,276,117.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of NASDAQ:PCTY traded up $6.11 during mid-day trading on Thursday, reaching $102.79. 25,402 shares of the company traded hands, compared to its average volume of 286,983. The company has a market cap of $4.95 billion, a PE ratio of 331.52, a price-to-earnings-growth ratio of 8.27 and a beta of 2.07. Paylocity Holding Corp has a 52 week low of $52.93 and a 52 week high of $99.80.

Paylocity (NASDAQ:PCTY) last announced its quarterly earnings data on Thursday, May 2nd. The software maker reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.19. The company had revenue of $139.60 million during the quarter, compared to the consensus estimate of $135.97 million. Paylocity had a return on equity of 15.29% and a net margin of 9.52%. The firm’s revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 EPS. On average, research analysts predict that Paylocity Holding Corp will post 0.56 EPS for the current year.

A number of hedge funds have recently bought and sold shares of PCTY. FTB Advisors Inc. boosted its stake in Paylocity by 25.1% in the 4th quarter. FTB Advisors Inc. now owns 642 shares of the software maker’s stock worth $38,000 after purchasing an additional 129 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in Paylocity by 34.8% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 774 shares of the software maker’s stock worth $47,000 after purchasing an additional 200 shares during the period. O Shaughnessy Asset Management LLC bought a new position in Paylocity in the 1st quarter worth approximately $61,000. Hilton Capital Management LLC bought a new position in Paylocity in the 1st quarter worth approximately $63,000. Finally, First Quadrant L P CA boosted its stake in Paylocity by 460.3% in the 4th quarter. First Quadrant L P CA now owns 1,496 shares of the software maker’s stock worth $90,000 after purchasing an additional 1,229 shares during the period. Institutional investors and hedge funds own 65.36% of the company’s stock.

Several equities research analysts have recently commented on PCTY shares. Zacks Investment Research raised shares of Paylocity from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. BidaskClub upgraded Paylocity from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 25th. ValuEngine upgraded Paylocity from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 4th. SunTrust Banks boosted their price objective on Paylocity to $83.00 and gave the company a “positive” rating in a research note on Tuesday, February 5th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective (up from $80.00) on shares of Paylocity in a research note on Thursday, February 7th. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $88.57.

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Paylocity Company Profile

Paylocity Holding Corporation provides cloud-based payroll and human capital management software solutions for medium-sized organizations in the United States. The company offers Paylocity Web Pay for enterprise-grade payroll processing and administration; Paylocity Web HR for employee record management, HR compliance and reporting, HR insight and analytics, and self-service portals; 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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Insider Buying and Selling by Quarter for Paylocity (NASDAQ:PCTY)

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