Paylocity (NASDAQ:PCTY) will post its quarterly earnings results after the market closes on Thursday, February 8th. Analysts expect Paylocity to post earnings of ($0.01) per share for the quarter.
Paylocity (NASDAQ:PCTY) opened at $47.96 on Tuesday. Paylocity has a 52-week low of $33.39 and a 52-week high of $53.96. The company has a market capitalization of $2,520.00, a P/E ratio of 266.44, a P/E/G ratio of 6.64 and a beta of 2.09.
In other news, SVP Edward W. Gaty sold 5,062 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $45.82, for a total transaction of $231,940.84. Following the transaction, the senior vice president now owns 116,135 shares in the company, valued at $5,321,305.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven I. Sarowitz sold 1,296,142 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $46.14, for a total value of $59,803,991.88. Following the transaction, the director now owns 15,343,130 shares in the company, valued at approximately $707,932,018.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,444,846 shares of company stock worth $66,981,241. 48.80% of the stock is owned by corporate insiders.
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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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