Paylocity Holding Corp (NASDAQ:PCTY) Director Ronald V. Waters sold 4,516 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $106.30, for a total transaction of $480,050.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
PCTY stock traded down $6.21 during midday trading on Wednesday, reaching $98.24. The company had a trading volume of 378,502 shares, compared to its average volume of 333,055. Paylocity Holding Corp has a 1 year low of $53.46 and a 1 year high of $111.61. The company has a market cap of $5.86 billion, a P/E ratio of 90.96, a P/E/G ratio of 6.14 and a beta of 1.69. The company’s 50-day moving average is $102.09.
Paylocity (NASDAQ:PCTY) last released its quarterly earnings results on Thursday, August 8th. The software maker reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.27. Paylocity had a net margin of 11.57% and a return on equity of 19.10%. The business had revenue of $120.37 million during the quarter, compared to analysts’ expectations of $117.51 million. During the same quarter in the previous year, the company earned $0.11 EPS. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Paylocity Holding Corp will post 0.9 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in PCTY. Wasatch Advisors Inc. lifted its holdings in shares of Paylocity by 9.3% in the 1st quarter. Wasatch Advisors Inc. now owns 2,008,033 shares of the software maker’s stock worth $179,096,000 after acquiring an additional 171,514 shares during the last quarter. TimesSquare Capital Management LLC lifted its holdings in shares of Paylocity by 4.5% in the 2nd quarter. TimesSquare Capital Management LLC now owns 1,476,188 shares of the software maker’s stock worth $138,496,000 after acquiring an additional 63,940 shares during the last quarter. FMR LLC lifted its holdings in shares of Paylocity by 19.5% in the 4th quarter. FMR LLC now owns 846,032 shares of the software maker’s stock worth $50,940,000 after acquiring an additional 138,231 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Paylocity by 636.8% in the 2nd quarter. Invesco Ltd. now owns 757,846 shares of the software maker’s stock worth $71,101,000 after acquiring an additional 654,996 shares during the last quarter. Finally, Conestoga Capital Advisors LLC lifted its holdings in shares of Paylocity by 2.5% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 603,401 shares of the software maker’s stock worth $56,611,000 after acquiring an additional 14,764 shares during the last quarter. 64.43% of the stock is owned by institutional investors and hedge funds.
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.
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