Paylocity Holding Corp (PCTY) Insider Michael R. Haske Sells 25,000 Shares
Paylocity Holding Corp (NASDAQ:PCTY) insider Michael R. Haske sold 25,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $43.37, for a total transaction of $1,084,250.00. Following the completion of the transaction, the insider now owns 1,159,202 shares of the company’s stock, valued at $50,274,590.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Paylocity Holding Corp (NASDAQ PCTY) traded up $1.42 on Wednesday, reaching $44.33. 283,983 shares of the company traded hands, compared to its average volume of 252,761. The firm has a market capitalization of $2,330.00, a PE ratio of 201.50, a PEG ratio of 6.18 and a beta of 2.09. Paylocity Holding Corp has a 1 year low of $34.13 and a 1 year high of $53.96.
Paylocity (NASDAQ:PCTY) last posted its quarterly earnings results on Thursday, February 8th. The software maker reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. The firm had revenue of $86.00 million for the quarter, compared to analysts’ expectations of $85.03 million. Paylocity had a net margin of 3.57% and a return on equity of 9.09%. The firm’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 earnings per share. sell-side analysts expect that Paylocity Holding Corp will post 0.33 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Paylocity by 3.8% in the second quarter. Vanguard Group Inc. now owns 2,070,015 shares of the software maker’s stock valued at $93,524,000 after acquiring an additional 75,709 shares in the last quarter. BlackRock Inc. raised its holdings in Paylocity by 1.7% in the fourth quarter. BlackRock Inc. now owns 1,821,962 shares of the software maker’s stock valued at $85,924,000 after acquiring an additional 30,155 shares in the last quarter. Fred Alger Management Inc. raised its holdings in Paylocity by 12.1% in the fourth quarter. Fred Alger Management Inc. now owns 1,163,567 shares of the software maker’s stock valued at $54,874,000 after acquiring an additional 125,664 shares in the last quarter. TimesSquare Capital Management LLC raised its holdings in Paylocity by 7.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,120,400 shares of the software maker’s stock valued at $52,838,000 after acquiring an additional 77,900 shares in the last quarter. Finally, Wasatch Advisors Inc. raised its holdings in shares of Paylocity by 24.4% during the fourth quarter. Wasatch Advisors Inc. now owns 1,071,943 shares of the software maker’s stock worth $50,553,000 after purchasing an additional 210,556 shares during the period. 60.47% of the stock is currently owned by hedge funds and other institutional investors.
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Paylocity Company Profile
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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