The stock is trading at $53.41 which is marginally higher than the 50 day moving average which is $49.27 and which is well above the 200 day moving average of $46.34. The 50 day moving average went up $4.14 or +8.40% and the 200 day average was up $7.07. (NASDAQ:PCTY) shares saw heavy trading volume with 226K shares changing hands in the last trading session. Shares saw a steep increase in trading volume of 16.05% over the normal average daily volume.
Investors are feeling more bullish on the company if you take note of the motion in short interest. The firm recorded a fall in short interest from September 29, 2017 to October 13, 2017 of -1.16%. Short interest fell from 1,310,003 to 1,294,784 over that period. Days to cover decreased 0.0 to 6.0 and the percentage of shorted shares was 0.03% on October 13.
Paylocity Holding Corporation (NASDAQ:PCTY) has been the object of insider selling activity recently. Edward W. Gaty, SVP of Product and Technology sold $253,650 worth of shares at an average price of $48.92 on Fri the 1st. The SVP of Product and Technology now owns $5,130,974 of the stock per an SEC filing yesterday. Director Jeffrey T. Diehl sold 1,155,000 shares at an average price of $45.00 on August 17th. That brings the Director’s holdings to $19,302,975 as reported to the SEC.
Michael R. Haske, President and COO sold $518,586 worth of shares at an average price of $45.49 on Tue the 15th. Haske now owns $56,337,545 of stock as recorded in a recent Form 4 SEC filing.
Additionally, here are a few investment firms who have increased or decreased their stake in (PCTY). Quotient Investors, LLC added to its holdings by buying 1,000 shares an increase of 20.4% from 06/30/2017 to 09/30/2017. Quotient Investors, LLC now holds 5,900 shares with a value of $288,000. The value of the position overall is up by 30.3%. Nationwide Fund Advisors cut its ownership by selling 270 shares a decrease of 1.8% in the quarter. Nationwide Fund Advisors claims 14,436 shares worth $705,000. The total value of its holdings increased 6.2%.
First Trust Advisors Lp grew its stake by buying 12,432 shares an increase of 52.2%. First Trust Advisors Lp owns 36,258 shares valued at $1,770,000. The value of the position overall is up by 64.5%. As of the end of the quarter Simplex Trading, LLC had sold a total of 137 shares trimming its stake by 19.4%. The value in dollars decreased from $31,000 to $27,000 a change of $4,000 for the reporting period.
The P/E ratio is 445.08 and market cap is 2.76B. As of the last earnings report the EPS was $0.12 and is estimated to be $0.81 for the current year with 51,750,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.12 with next year’s EPS anticipated to be $1.03.
Paylocity Holding Corporation, launched on November 6, 2013, is a cloud-based provider of payroll and human capital management (HCM), software solutions for medium-sized organizations. The Business’s services are provided in a software-as-a-Service (SaaS) delivery model utilizing the Business’s cloud-based platform. The cloud-based platform provides a suite of applications using a multi-tenant architecture. The cloud-based platform features a suite of unified payroll and HCM applications. The Company, through cloud-based 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..