Paylocity Holding Corp (NASDAQ:PCTY) CEO Steven R. Beauchamp sold 55,000 shares of Paylocity stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $96.40, for a total value of $5,302,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,881,682 shares of the company’s stock, valued at $181,394,144.80. The transaction was disclosed in a document filed with the SEC, which is available at this link.
PCTY stock traded down $1.23 during mid-day trading on Friday, reaching $102.17. 179,281 shares of the company traded hands, compared to its average volume of 304,185. The company has a market capitalization of $5.12 billion, a P/E ratio of 329.58, a price-to-earnings-growth ratio of 8.56 and a beta of 2.07. Paylocity Holding Corp has a fifty-two week low of $52.93 and a fifty-two week high of $103.71.
Paylocity (NASDAQ:PCTY) last released its quarterly earnings results on Thursday, May 2nd. The software maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.19. The business had revenue of $139.60 million during the quarter, compared to the consensus estimate of $135.97 million. Paylocity had a return on equity of 15.29% and a net margin of 9.52%. The company’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 EPS. Equities research analysts expect that Paylocity Holding Corp will post 0.56 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in PCTY. Bank of New York Mellon Corp boosted its holdings in Paylocity by 6.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 307,932 shares of the software maker’s stock worth $24,733,000 after acquiring an additional 19,459 shares during the period. Jane Street Group LLC purchased a new position in Paylocity in the 3rd quarter worth approximately $265,000. AQR Capital Management LLC boosted its holdings in Paylocity by 8.3% in the 3rd quarter. AQR Capital Management LLC now owns 16,041 shares of the software maker’s stock worth $1,288,000 after acquiring an additional 1,227 shares during the period. Teachers Advisors LLC boosted its stake in shares of Paylocity by 6.2% during the 3rd quarter. Teachers Advisors LLC now owns 320,602 shares of the software maker’s stock valued at $25,751,000 after buying an additional 18,788 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Paylocity by 19.4% during the 3rd quarter. Legal & General Group Plc now owns 10,992 shares of the software maker’s stock valued at $883,000 after buying an additional 1,787 shares during the last quarter. Institutional investors and hedge funds own 65.36% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Paylocity Holding Corp (PCTY) CEO Steven R. Beauchamp Sells 55,000 Shares” was originally reported by Week Herald and is the sole property of of Week Herald. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://weekherald.com/2019/05/17/paylocity-holding-corp-pcty-ceo-steven-r-beauchamp-sells-55000-shares.html.
Paylocity Holding Corporation provides cloud-based payroll and human capital management software solutions for medium-sized organizations in the United States. The company offers Paylocity Web Pay for enterprise-grade payroll processing and administration; Paylocity Web HR for employee record management, HR compliance and reporting, HR insight and analytics, and self-service portals; Talent Management for employee performance appraisal process and performance review; Paylocity Web Time, a time and attendance solution; and Paylocity Web Expense, an expense management tool designed to streamline and automate the expense management process.
Featured Article: Why Invest in Dividend Achievers?
Receive News & Ratings for Paylocity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paylocity and related companies with MarketBeat.com's FREE daily email newsletter.