Paylocity Holding Corp (PCTY) Files Form 4 Insider Selling : Steven R Beauchamp Sells 40,000 Shares

Paylocity Holding Corp (PCTY): Steven R Beauchamp , President and CEO of Paylocity Holding Corp sold 40,000 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $34.79 per share for a total value of $1,391,600.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 4, 2015, Michael R Haske (Senior VP of Sales & Marketing) sold 50,000 shares at $43.51 per share price.On Dec 1, 2015, Peter J Mcgrail (Chief Financial Officer) sold 25,184 shares at $43.87 per share price.Also, On Nov 30, 2015, Steven R Beauchamp (President and CEO) sold 40,000 shares at $44.03 per share price.On Nov 25, 2015, Jeffrey T Diehl (director) sold 1,500,000 shares at $42.50 per share price.

Paylocity Holding Corp: On Tuesday, May 10, 2016 heightened volatility was witnessed in Paylocity Holding Corp which led to swings in the share price. The shares opened for trading at $34.15 and hit $35.35 on the upside , eventually ending the session at $34.8, with a gain of 1.49% or 0.51 points. The heightened volatility saw the trading volume jump to 3,13,826 shares. The 52-week high of the share price is $46.9 and the company has a market cap of $1,775 M . The 52-week low of the share price is at $24.0001.

Paylocity Holding Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Paylocity Holding Corp is Reiterated by Stifel to Buy while Lowering the Price Target of the company shares to $ 43 from a previous price target of $47 . The Rating was issued on May 6, 2016.

Paylocity Holding Corporation is a cloud-based provider of payroll and human capital management (HCM) software solutions for medium-sized organizations. The Company’s solutions enable its clients to manage their workforce. Its multi-tenant software platform is configurable and includes a suite of payroll and HCM applications such as time and labor tracking benefits and talent management. Its payroll and HCM applications use a unified database and provide on-demand reporting and analytics. The Company’s platform provides intuitive self-service functionality for employees and managers combined with seamless integration across all its solutions. The Company markets and sells its products primarily through its direct sales force. Its products include Paylocity Web Pay Paylocity Affordable Care Act Enhanced Paylocity Impressions Performance Management Paylocity Web Onboarding Paylocity Web Time and Paylocity Web Benefits and Paylocity Enterprise Benefits powered by bswift.

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