Paylocity (PCTY) Expected to Announce Quarterly Earnings on Thursday

Paylocity (NASDAQ:PCTYGet Free Report) is anticipated to release its earnings data after the market closes on Thursday, February 6th. Analysts expect Paylocity to post earnings of $1.42 per share and revenue of $366.76 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Paylocity Stock Down 3.0 %

PCTY stock opened at $203.45 on Thursday. The firm’s fifty day moving average is $201.39 and its 200 day moving average is $178.43. Paylocity has a one year low of $129.94 and a one year high of $215.68. The firm has a market cap of $11.34 billion, a PE ratio of 52.03, a P/E/G ratio of 4.84 and a beta of 0.93. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.32 and a current ratio of 1.32.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PCTY shares. Barclays boosted their price target on shares of Paylocity from $174.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. KeyCorp lifted their price objective on Paylocity from $187.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. StockNews.com upgraded shares of Paylocity from a “hold” rating to a “buy” rating in a research note on Saturday, December 7th. Jefferies Financial Group lifted their price target on Paylocity from $215.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Citigroup upgraded shares of Paylocity from a “neutral” rating to a “buy” rating and increased their price target for the company from $214.00 to $231.00 in a research note on Thursday, January 16th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $210.64.

View Our Latest Research Report on Paylocity

Insider Buying and Selling at Paylocity

In other Paylocity news, Director Steven I. Sarowitz sold 2,600 shares of Paylocity stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $200.14, for a total value of $520,364.00. Following the completion of the sale, the director now owns 8,332,347 shares in the company, valued at $1,667,635,928.58. The trade was a 0.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey T. Diehl sold 4,513 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $209.91, for a total value of $947,323.83. Following the sale, the director now owns 1,003 shares of the company’s stock, valued at $210,539.73. The trade was a 81.82 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 157,486 shares of company stock valued at $31,751,368. 21.91% of the stock is owned by company insiders.

About Paylocity

(Get Free Report)

Paylocity Holding Corporation engages in the provision of cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers payroll software solution for global payroll, expense management, tax services, on demand payment, and garnishment managed services; and time and labor management software for time and attendance, scheduling, and time collection.

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Earnings History for Paylocity (NASDAQ:PCTY)

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