Paylocity (PCTY) Releases Earnings Results, Misses Estimates By $0.01 EPS
Paylocity (NASDAQ:PCTY) posted its quarterly earnings data on Thursday. The software maker reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01), Briefing.com reports. Paylocity had a return on equity of 11.74% and a net margin of 10.17%. The firm had revenue of $96.62 million during the quarter, compared to analysts’ expectations of $93.33 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. Paylocity’s revenue for the quarter was up 27.0% compared to the same quarter last year.
PCTY stock traded up $3.60 during trading on Friday, hitting $67.65. 724,178 shares of the company traded hands, compared to its average volume of 212,668. The stock has a market capitalization of $3.36 billion, a PE ratio of 218.23, a P/E/G ratio of 6.58 and a beta of 1.94. Paylocity has a 1 year low of $41.15 and a 1 year high of $68.14.
In other Paylocity news, CEO Steven R. Beauchamp sold 80,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $55.37, for a total transaction of $4,429,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark S. Kinsey sold 4,971 shares of the company’s stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $57.65, for a total value of $286,578.15. The disclosure for this sale can be found here. Insiders have sold a total of 414,072 shares of company stock valued at $24,839,094 over the last 90 days. 48.80% of the stock is currently owned by company insiders.
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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