Paylocity Holding Corp (NASDAQ:PCTY) insider Mark S. Kinsey sold 3,200 shares of the business’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $54.44, for a total value of $174,208.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Paylocity Holding Corp (NASDAQ:PCTY) traded up $2.57 during midday trading on Monday, hitting $55.29. The company had a trading volume of 862,806 shares, compared to its average volume of 279,346. The company has a market cap of $2,773.27, a PE ratio of 239.64, a price-to-earnings-growth ratio of 7.93 and a beta of 2.13. Paylocity Holding Corp has a 1-year low of $34.13 and a 1-year high of $57.16.
Paylocity (NASDAQ:PCTY) last announced its quarterly earnings results on Thursday, February 8th. The software maker reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.04. The business had revenue of $86.00 million during the quarter, compared to analysts’ expectations of $85.03 million. Paylocity had a return on equity of 8.93% and a net margin of 3.57%. The firm’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 EPS. analysts expect that Paylocity Holding Corp will post 0.3 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in PCTY. State Street Corp grew its stake in shares of Paylocity by 18.4% in the 2nd quarter. State Street Corp now owns 475,077 shares of the software maker’s stock valued at $21,468,000 after buying an additional 73,786 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Paylocity by 18.3% during the second quarter. The Manufacturers Life Insurance Company now owns 20,929 shares of the software maker’s stock worth $945,000 after purchasing an additional 3,242 shares during the period. California State Teachers Retirement System boosted its position in Paylocity by 8.4% during the second quarter. California State Teachers Retirement System now owns 46,071 shares of the software maker’s stock worth $2,081,000 after purchasing an additional 3,577 shares during the period. First Trust Advisors LP boosted its position in Paylocity by 52.2% during the third quarter. First Trust Advisors LP now owns 36,258 shares of the software maker’s stock worth $1,770,000 after purchasing an additional 12,432 shares during the period. Finally, Prudential Financial Inc. bought a new stake in Paylocity during the third quarter worth approximately $267,000. 62.59% of the stock is owned by institutional investors and hedge funds.
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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