Paylocity Holding Corp (PCTY) Files Form 4 Insider Selling : Peter J Mcgrail Sells 5,000 Shares

Paylocity Holding Corp (PCTY): Peter J Mcgrail , Chief Financial Officer of Paylocity Holding Corp sold 5,000 shares on Sep 13, 2016. The Insider selling transaction was reported by the company on Sep 13, 2016 to the Securities and Exchange Commission. The shares were sold at $43.17 per share for a total value of $215,850.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 16, 2016, Michael R Haske (Senior VP of Sales & Marketing) sold 100,000 shares at $45.60 per share price.On Aug 16, 2016, Street Partners Llc Adams (10% owner) sold 1,200,000 shares at $44.40 per share price.Also, On Aug 16, 2016, Jeffrey T Diehl (director) sold 1,200,000 shares at $44.40 per share price.On Aug 11, 2016, Steven R Beauchamp (President and CEO) sold 100,000 shares at $45.56 per share price.

Paylocity Holding Corp: On Monday, Sep 12, 2016 heightened volatility was witnessed in Paylocity Holding Corp which led to swings in the share price. The shares opened for trading at $41.89 and hit $43.66 on the upside , eventually ending the session at $43.64, with a gain of 3.05% or 1.29 points. The heightened volatility saw the trading volume jump to 157,572 shares. The 52-week high of the share price is $49.65 and the company has a market cap of $2,233 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 Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 55 from a previous price target of $52 .The Rating was issued on Aug 10, 2016.Paylocity Holding Corp is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 50 from a previous price target of $43 .The Rating was issued on Aug 10, 2016.Paylocity Holding Corp is Downgraded by First Analysis Sec to Equal-Weight and the brokerage firm has set the Price Target at $42. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Jul 8, 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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