The stock of Paylocity Holding Corp (NASDAQ:PCTY) is a huge mover today! About 2.73 million shares traded hands or 475.42% up from the average. Paylocity Holding Corp (NASDAQ:PCTY) has declined 8.29% since April 27, 2016 and is downtrending. It has underperformed by 13.52% the S&P500.
The move comes after 8 months negative chart setup for the $1.73B company. It was reported on Nov, 30 by Barchart.com. We have $32.15 PT which if reached, will make NASDAQ:PCTY worth $51.90 million less.
Analysts await Paylocity Holding Corp (NASDAQ:PCTY) to report earnings on February, 2. They expect $-0.07 earnings per share, down 600.00% or $0.06 from last year’s $-0.01 per share. After $-0.04 actual earnings per share reported by Paylocity Holding Corp for the previous quarter, Wall Street now forecasts 75.00% negative EPS growth.
Paylocity Holding Corp (NASDAQ:PCTY) Ratings Coverage
Out of 12 analysts covering Paylocity (NASDAQ:PCTY), 9 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 75% are positive. Paylocity has been the topic of 19 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The stock of Paylocity Holding Corp (NASDAQ:PCTY) earned “Neutral” rating by UBS on Tuesday, April 19. The stock has “Sector Weight” rating given by Pacific Crest on Tuesday, September 20. Bank of America downgraded the shares of PCTY in a report on Tuesday, January 26 to “Underperform” rating. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, August 10 report. The stock has “Market Outperform” rating given by JMP Securities on Wednesday, August 10. The rating was maintained by Northland Capital with “Outperform” on Friday, November 6. The firm has “Buy” rating by Needham given on Friday, August 14. The rating was initiated by Stifel Nicolaus with “Buy” on Tuesday, September 29. First Analysis upgraded Paylocity Holding Corp (NASDAQ:PCTY) on Friday, November 4 to “Overweight” rating. The stock of Paylocity Holding Corp (NASDAQ:PCTY) has “Equal-Weight” rating given on Friday, July 8 by First Analysis.
According to Zacks Investment Research, “Paylocity Holding Corporation provides cloud-based payroll and human capital management software solutions for medium-sized organizations. It offers Paylocity Web Pay, Paylocity HR, Paylocity Impressions, Performance Management, Self-Service HR Portals, Paylocity Web Time and Paylocity Web Benefits. Paylocity Holding Corporation is headquartered in Arlington Heights, Illinois.”
Insitutional Activity: The institutional sentiment decreased to 1.16 in 2016 Q2. Its down 0.36, from 1.52 in 2016Q1. The ratio dropped, as 14 funds sold all Paylocity Holding Corp shares owned while 34 reduced positions. 25 funds bought stakes while 48 increased positions. They now own 27.47 million shares or 7.67% more from 25.51 million shares in 2016Q1.
Clinton Grp Inc holds 6,987 shares or 0.01% of its portfolio. The Maryland-based Brown Advisory has invested 0% in Paylocity Holding Corp (NASDAQ:PCTY). Teacher Retirement Systems Of Texas last reported 0% of its portfolio in the stock. Wellington Grp Llp holds 0.02% of its portfolio in Paylocity Holding Corp (NASDAQ:PCTY) for 1.46M shares. Credit Suisse Ag, a Switzerland-based fund reported 37,110 shares. Driehaus Ltd, a Illinois-based fund reported 30,907 shares. Blackrock has invested 0% of its portfolio in Paylocity Holding Corp (NASDAQ:PCTY). The New York-based Gilder Gagnon Howe & Lc has invested 0.13% in Paylocity Holding Corp (NASDAQ:PCTY). Marshall Wace Llp accumulated 167,323 shares or 0.06% of the stock. Royal National Bank Of Canada has 0% invested in the company for 100,015 shares. Moreover, Voya Mngmt Limited Company has 0% invested in Paylocity Holding Corp (NASDAQ:PCTY) for 8,979 shares. Tiaa Cref Mgmt Ltd Co, a New York-based fund reported 63,922 shares. Meeder Asset Mgmt has 0% invested in the company for 230 shares. American Gp holds 0% or 12,408 shares in its portfolio. Macquarie Grp Limited last reported 13,805 shares in the company.
More recent Paylocity Holding Corp (NASDAQ:PCTY) news were published by: Fool.com which released: “Why Paylocity Holding Corporation Shares Dropped Today” on November 04, 2016. Also Marketwatch.com published the news titled: “/quotes/zigman/3870025/realtime” on August 13, 2009. Quotes.Wsj.com‘s news article titled: “News Paylocity Holding Corp.PCTY” with publication date: February 16, 2011 was also an interesting one.
PCTY Company Profile
Paylocity Holding Corporation, incorporated on November 6, 2013, is a cloud well-known 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 (SaaS) delivery model utilizing the Company’s cloud platform. The cloud platform provides a suite of applications using a multi-tenant architecture. The cloud platform features a suite of unified payroll and HCM applications. The Company, through cloud platform, offers various products, which include Paylocity Web Pay, Paylocity HR, Paylocity Affordable Care Act Enhanced, Paylocity Impressions, Performance Management, Self-Service HR Portals, Paylocity Recruiting, Paylocity Web Time, Paylocity Web Onboarding, and Paylocity Web Benefits and Paylocity Enterprise Benefits, Powered by bswift.
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