Paylocity Holding Corp (NASDAQ:PCTY) Director Steven I. Sarowitz sold 144,124 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $64.75, for a total transaction of $9,332,029.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of PCTY stock opened at $68.07 on Friday. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 214.61, a P/E/G ratio of 6.97 and a beta of 1.94. Paylocity Holding Corp has a 12-month low of $41.15 and a 12-month high of $68.50.
Paylocity (NASDAQ:PCTY) last issued its quarterly earnings data on Thursday, August 9th. The software maker reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). The company had revenue of $96.62 million for the quarter, compared to analyst estimates of $93.33 million. Paylocity had a return on equity of 13.21% and a net margin of 10.22%. The company’s revenue was up 27.0% on a year-over-year basis. During the same quarter last year, the business earned $0.09 earnings per share. sell-side analysts anticipate that Paylocity Holding Corp will post 0.44 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of the business. California Public Employees Retirement System lifted its position in Paylocity by 29.3% during the second quarter. California Public Employees Retirement System now owns 46,344 shares of the software maker’s stock worth $2,728,000 after acquiring an additional 10,506 shares during the last quarter. Putnam Investments LLC acquired a new stake in Paylocity during the second quarter worth approximately $1,966,000. MetLife Investment Advisors LLC lifted its position in Paylocity by 8.0% during the second quarter. MetLife Investment Advisors LLC now owns 13,301 shares of the software maker’s stock worth $783,000 after acquiring an additional 989 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its position in Paylocity by 13.4% during the second quarter. Metropolitan Life Insurance Co. NY now owns 9,895 shares of the software maker’s stock worth $582,000 after acquiring an additional 1,166 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in Paylocity during the second quarter worth approximately $102,000. Hedge funds and other institutional investors own 63.84% of the company’s stock.
Paylocity Company Profile
Paylocity Holding Corporation provides cloud-based payroll and human capital management (HCM) software solutions for medium-sized organizations in the United States. It offers Paylocity Web Pay for enterprise-grade payroll processing and administration; Paylocity Web HR for employee record management and HR compliance and reporting; 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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