News headlines about Paylocity (NASDAQ:PCTY) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Paylocity earned a news impact score of 0.06 on Accern’s scale. Accern also gave press coverage about the software maker an impact score of 45.7102145242178 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of PCTY stock opened at $80.61 on Friday. Paylocity has a 12 month low of $41.15 and a 12 month high of $81.35. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 260.03, a PEG ratio of 4.52 and a beta of 2.11.
Paylocity (NASDAQ:PCTY) last issued its quarterly earnings data on Thursday, August 9th. The software maker reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). Paylocity had a return on equity of 12.44% and a net margin of 10.22%. The firm had revenue of $96.62 million during the quarter, compared to analyst estimates of $93.33 million. During the same quarter in the prior year, the firm earned $0.09 EPS. The business’s quarterly revenue was up 27.0% compared to the same quarter last year. sell-side analysts forecast that Paylocity will post 0.75 EPS for the current fiscal year.
Several equities analysts recently weighed in on the stock. BidaskClub upgraded shares of Paylocity from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 28th. Guggenheim assumed coverage on shares of Paylocity in a report on Monday, August 20th. They set a “buy” rating and a $80.00 target price on the stock. Craig Hallum lifted their target price on shares of Paylocity from $58.00 to $65.00 and gave the company a “hold” rating in a report on Friday, August 10th. Royal Bank of Canada reduced their target price on shares of Paylocity from $68.00 to $66.00 and set a “sector perform” rating on the stock in a report on Friday, August 10th. Finally, Zacks Investment Research upgraded shares of Paylocity from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Tuesday, August 14th. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Paylocity has a consensus rating of “Buy” and a consensus target price of $64.86.
In other Paylocity news, Director Jeffrey T. Diehl sold 250,000 shares of the business’s stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $61.50, for a total value of $15,375,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Edward W. Gaty sold 7,614 shares of the business’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $78.90, for a total transaction of $600,744.60. Following the completion of the transaction, the senior vice president now owns 126,392 shares in the company, valued at approximately $9,972,328.80. The disclosure for this sale can be found here. Insiders sold a total of 1,252,124 shares of company stock worth $81,279,551 in the last quarter. 48.80% of the stock is currently owned by company insiders.
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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