Paylocity Holding Corp (NASDAQ:PCTY) hit a new 52-week high during trading on Tuesday . The stock traded as high as $94.14 and last traded at $94.15, with a volume of 9059 shares traded. The stock had previously closed at $91.15.

PCTY has been the topic of several research analyst reports. Zacks Investment Research reiterated a “hold” rating on shares of Paylocity in a research note on Monday, December 31st. BidaskClub upgraded shares of Paylocity from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 25th. ValuEngine upgraded shares of Paylocity from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 4th. SunTrust Banks lifted their price target on shares of Paylocity to $83.00 and gave the stock 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 target (up from $80.00) on shares of Paylocity in a research note on Thursday, February 7th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $81.53.

The company has a market cap of $4.82 billion, a P/E ratio of 305.48, a price-to-earnings-growth ratio of 8.21 and a beta of 2.09.

Paylocity (NASDAQ:PCTY) last posted its quarterly earnings data on Wednesday, February 6th. The software maker reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). The business had revenue of $107.20 million during the quarter, compared to analyst estimates of $104.68 million. Paylocity had a net margin of 12.81% and a return on equity of 13.43%. The company’s revenue for the quarter was up 24.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 earnings per share. Equities analysts expect that Paylocity Holding Corp will post 0.54 earnings per share for the current fiscal year.

In other Paylocity news, Director Jeffrey T. Diehl sold 58,700 shares of Paylocity stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $89.56, for a total transaction of $5,257,172.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Edward W. Gaty sold 11,281 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $87.00, for a total transaction of $981,447.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 882,481 shares of company stock worth $75,511,619. 41.20% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the company. BB&T Corp purchased a new position in shares of Paylocity in the first quarter valued at $208,000. Strs Ohio boosted its stake in Paylocity by 84.3% during the 1st quarter. Strs Ohio now owns 28,200 shares of the software maker’s stock valued at $2,515,000 after acquiring an additional 12,900 shares during the last quarter. Conestoga Capital Advisors LLC boosted its stake in Paylocity by 1.1% during the 1st quarter. Conestoga Capital Advisors LLC now owns 588,637 shares of the software maker’s stock valued at $52,501,000 after acquiring an additional 6,305 shares during the last quarter. Pennsylvania Trust Co bought a new position in Paylocity during the 1st quarter valued at $1,585,000. Finally, Summit Creek Advisors LLC bought a new position in Paylocity during the 1st quarter valued at $8,588,000. 64.95% of the stock is owned by institutional investors and hedge funds.

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Paylocity Company Profile (NASDAQ:PCTY)

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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