Paylocity Holding Corp (NASDAQ:PCTY) CEO Steven R. Beauchamp sold 10,042 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $50.09, for a total value of $503,003.78. Following the transaction, the chief executive officer now owns 2,180,425 shares of the company’s stock, valued at $109,217,488.25. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Paylocity Holding Corp (PCTY) opened at $49.99 on Friday. Paylocity Holding Corp has a twelve month low of $29.69 and a twelve month high of $53.96. The company has a market capitalization of $2,607.99, a P/E ratio of 225.73, a P/E/G ratio of 6.52 and a beta of 2.11.
Paylocity (NASDAQ:PCTY) last posted its quarterly earnings results on Thursday, November 2nd. The software maker reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.17. Paylocity had a return on equity of 7.98% and a net margin of 3.11%. The company had revenue of $81.50 million for the quarter, compared to analysts’ expectations of $80.88 million. During the same period in the previous year, the firm earned $0.07 EPS. The firm’s revenue was up 25.4% compared to the same quarter last year. analysts anticipate that Paylocity Holding Corp will post 0.33 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of PCTY. Janus Henderson Group PLC purchased a new stake in shares of Paylocity during the 2nd quarter worth approximately $29,148,000. Alyeska Investment Group L.P. raised its holdings in shares of Paylocity by 56.3% during the 3rd quarter. Alyeska Investment Group L.P. now owns 625,000 shares of the software maker’s stock worth $30,513,000 after acquiring an additional 225,000 shares in the last quarter. Wasatch Advisors Inc. raised its holdings in shares of Paylocity by 24.4% during the 4th quarter. Wasatch Advisors Inc. now owns 1,071,943 shares of the software maker’s stock worth $50,553,000 after acquiring an additional 210,556 shares in the last quarter. FMR LLC raised its holdings in shares of Paylocity by 5.2% during the 2nd quarter. FMR LLC now owns 1,963,017 shares of the software maker’s stock worth $88,689,000 after acquiring an additional 97,368 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Paylocity by 76.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 199,508 shares of the software maker’s stock worth $9,014,000 after acquiring an additional 86,262 shares in the last quarter. 59.78% of the stock is currently owned by institutional investors and hedge funds.
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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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