Paylocity Holding Corp (NASDAQ:PCTY) Director Ellen Carnahan bought 1,380 shares of Paylocity stock in a transaction that occurred on Friday, March 16th. The stock was purchased at an average cost of $53.91 per share, with a total value of $74,395.80. Following the completion of the transaction, the director now owns 7,908 shares of the company’s stock, valued at $426,320.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Paylocity Holding Corp (NASDAQ PCTY) opened at $52.96 on Tuesday. Paylocity Holding Corp has a twelve month low of $34.13 and a twelve month high of $57.16. The stock has a market capitalization of $2,846.39, a PE ratio of 208.12, a P/E/G ratio of 8.14 and a beta of 2.13.
Paylocity (NASDAQ:PCTY) last released its quarterly earnings results on Thursday, February 8th. The software maker reported $0.16 earnings per share (EPS) for the quarter, beating 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 business had revenue of $86.00 million during the quarter, compared to analysts’ expectations of $85.03 million. During the same period in the previous year, the business posted $0.10 earnings per share. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. equities analysts predict that Paylocity Holding Corp will post 0.3 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the stock. J. Goldman & Co LP bought a new position in shares of Paylocity in the fourth quarter valued at about $3,436,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of Paylocity in the fourth quarter valued at about $297,000. MetLife Investment Advisors LLC bought a new position in shares of Paylocity in the fourth quarter valued at about $581,000. Macquarie Group Ltd. raised its holdings in shares of Paylocity by 916.7% in the fourth quarter. Macquarie Group Ltd. now owns 6,100 shares of the software maker’s stock valued at $288,000 after buying an additional 5,500 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of Paylocity by 113.6% in the fourth quarter. TIAA CREF Investment Management LLC now owns 146,433 shares of the software maker’s stock valued at $6,906,000 after buying an additional 77,891 shares during the last quarter. 62.59% of the stock is owned by institutional investors and hedge funds.
Paylocity Company Profile
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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