Paylocity (PCTY) Set to Announce Quarterly Earnings on Thursday

Paylocity (NASDAQ:PCTY) will post its quarterly earnings results after the market closes on Thursday, February 8th. Analysts expect Paylocity to post earnings of ($0.01) per share for the quarter.

Paylocity (NASDAQ:PCTY) opened at $47.96 on Tuesday. Paylocity has a 52-week low of $33.39 and a 52-week high of $53.96. The company has a market capitalization of $2,520.00, a P/E ratio of 266.44, a P/E/G ratio of 6.64 and a beta of 2.09.

In other news, SVP Edward W. Gaty sold 5,062 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $45.82, for a total transaction of $231,940.84. Following the transaction, the senior vice president now owns 116,135 shares in the company, valued at $5,321,305.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven I. Sarowitz sold 1,296,142 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $46.14, for a total value of $59,803,991.88. Following the transaction, the director now owns 15,343,130 shares in the company, valued at approximately $707,932,018.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,444,846 shares of company stock worth $66,981,241. 48.80% of the stock is owned by corporate insiders.

Several research analysts recently commented on the company. BidaskClub raised Paylocity from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Zacks Investment Research cut Paylocity from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Dougherty & Co assumed coverage on Paylocity in a research report on Tuesday, December 19th. They set a “neutral” rating for the company. TheStreet cut Paylocity from a “b-” rating to a “c+” rating in a research report on Tuesday, December 5th. Finally, SunTrust Banks reissued a “hold” rating and set a $47.00 price target on shares of Paylocity in a research report on Friday, November 3rd. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $52.92.

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About Paylocity

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.

Earnings History for Paylocity (NASDAQ:PCTY)

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