Press coverage about Paylocity Holding Corporation (NASDAQ:PCTY) has been trending somewhat positive this week, Accern reports. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Paylocity Holding Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the software maker an impact score of 46.0338666686047 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Paylocity Holding Corporation (PCTY) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Paylocity Announces Michael Haske’s Promotion to President & COO (finance.yahoo.com)
- Paylocity Holding Corporation (PCTY) Insider Sells $519,840.00 in Stock (americanbankingnews.com)
- Paylocity Holding Corp. breached its 50 day moving average in a Bullish Manner : PCTY-US : August 16, 2017 (finance.yahoo.com)
- Paylocity Holding Corporation (PCTY) Insider Steven R. Beauchamp Sells 50,000 Shares (americanbankingnews.com)
Shares of Paylocity Holding Corporation (PCTY) opened at 45.05 on Friday. Paylocity Holding Corporation has a one year low of $29.69 and a one year high of $49.65. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 375.42 and a beta of 2.26. The stock’s 50 day moving average is $45.65 and its 200-day moving average is $41.74.
Paylocity Holding Corporation (NASDAQ:PCTY) last announced its quarterly earnings results on Thursday, August 10th. The software maker reported ($0.06) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.04. Paylocity Holding Corporation had a net margin of 2.24% and a return on equity of 6.13%. The firm had revenue of $76.10 million for the quarter, compared to analyst estimates of $73.79 million. During the same period last year, the business earned ($0.01) EPS. Paylocity Holding Corporation’s revenue for the quarter was up 27.3% compared to the same quarter last year. On average, equities research analysts predict that Paylocity Holding Corporation will post $0.79 EPS for the current fiscal year.
PCTY has been the topic of a number of recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $55.00 price target (up from $50.00) on shares of Paylocity Holding Corporation in a research report on Friday, August 11th. Bank of America Corporation reaffirmed a “buy” rating and set a $47.00 price target (down from $50.00) on shares of Paylocity Holding Corporation in a research report on Friday, August 11th. Mizuho reaffirmed a “hold” rating and set a $45.00 price target on shares of Paylocity Holding Corporation in a research report 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 report on Wednesday, August 9th. Finally, BidaskClub downgraded Paylocity Holding Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Paylocity Holding Corporation currently has a consensus rating of “Hold” and an average price target of $51.17.
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In other Paylocity Holding Corporation news, CFO Peter J. Mcgrail sold 49,764 shares of Paylocity Holding Corporation stock in a transaction on Friday, June 9th. The shares were sold at an average price of $47.27, for a total value of $2,352,344.28. Following the transaction, the chief financial officer now directly owns 227,475 shares in the company, valued at $10,752,743.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Michael R. Haske sold 88,600 shares of Paylocity Holding Corporation stock in a transaction on Monday, August 14th. The shares were sold at an average price of $45.21, for a total transaction of $4,005,606.00. Following the completion of the transaction, the vice president now owns 1,189,606 shares in the company, valued at $53,782,087.26. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 399,764 shares of company stock worth $18,158,790. 53.10% of the stock is currently owned by company insiders.
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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