Paylocity Holding Corp (NASDAQ:PCTY) CEO Steven R. Beauchamp sold 50,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $44.91, for a total transaction of $2,245,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Paylocity Holding Corp (PCTY) opened at $45.19 on Friday. Paylocity Holding Corp has a 52-week low of $34.13 and a 52-week high of $53.96. The company has a market cap of $2,380.00, a price-to-earnings ratio of 205.41, a price-to-earnings-growth ratio of 6.79 and a beta of 2.09.
Paylocity (NASDAQ:PCTY) last posted its earnings results on Thursday, February 8th. The software maker reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.04. Paylocity had a return on equity of 8.93% and a net margin of 3.57%. The company had revenue of $86.00 million during the quarter, compared to the consensus estimate of $85.03 million. During the same quarter last year, the firm earned $0.10 earnings per share. The company’s revenue was up 25.3% on a year-over-year basis. equities analysts predict that Paylocity Holding Corp will post 0.3 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Ameritas Investment Partners Inc. lifted its holdings in shares of Paylocity by 22.6% during the second quarter. Ameritas Investment Partners Inc. now owns 2,282 shares of the software maker’s stock worth $103,000 after buying an additional 421 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Paylocity in the third quarter valued at about $211,000. Nomura Holdings Inc. acquired a new position in Paylocity in the second quarter valued at about $208,000. Jane Street Group LLC acquired a new position in Paylocity in the third quarter valued at about $260,000. Finally, Fortaleza Asset Management Inc. acquired a new position in Paylocity in the fourth quarter valued at about $255,000. 60.47% of the stock is owned by institutional investors.
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Paylocity Holding Corporation is a cloud-based 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 delivery model utilizing its cloud-based platform. The cloud-based platform provides a suite of applications using a multi-tenant architecture.
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