Paylocity Holding Corp (PCTY) Files Form 4 Insider Selling : Steven R Beauchamp Sells 20,000 Shares

Paylocity Holding Corp (PCTY): Steven R Beauchamp , President and CEO of Paylocity Holding Corp sold 20,000 shares on Jun 7, 2016. The Insider selling transaction was reported by the company on Jun 7, 2016 to the Securities and Exchange Commission. The shares were sold at $40.01 per share for a total value of $800,200.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 3, 2016, Steven R Beauchamp (President and CEO) sold 20,000 shares at $38.13 per share price.On May 26, 2016, Peter J Mcgrail (Chief Financial Officer) sold 5,000 shares at $35.90 per share price.Also, On May 23, 2016, Edward W Gaty (Sr. VP of Product Development) sold 8,789 shares at $34.91 per share price.On May 23, 2016, Michael R Haske (Senior VP of Sales & Marketing) sold 11,224 shares at $35.34 per share price.

Shares of Paylocity Holding Corp (PCTY) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.27 points or -0.70% at $38.24 with 2,40,834 shares getting traded. Post opening the session at $38.54, the shares hit an intraday low of $37.39 and an intraday high of $38.85 and the price vacillated in this range throughout the day. The company has a market cap of $1,951 M and the number of outstanding shares has been calculated to be 5,10,10,873 shares. The 52-week high of Paylocity Holding Corp is $46.9 and the 52-week low is $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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