Paylocity Holding Corp (PCTY) Director Sells $4,551,550.00 in Stock
Paylocity Holding Corp (NASDAQ:PCTY) Director Steven I. Sarowitz sold 72,500 shares of the firm’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $62.78, for a total value of $4,551,550.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
NASDAQ:PCTY traded down $0.30 during mid-day trading on Tuesday, reaching $61.19. 203,407 shares of the stock were exchanged, compared to its average volume of 278,756. The firm has a market cap of $3.36 billion, a P/E ratio of 197.39, a PEG ratio of 5.03 and a beta of 2.19. Paylocity Holding Corp has a 1-year low of $41.15 and a 1-year high of $88.47.
Paylocity (NASDAQ:PCTY) last released its earnings results on Thursday, November 1st. The software maker reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $100.50 million for the quarter, compared to analyst estimates of $98.37 million. Paylocity had a return on equity of 12.35% and a net margin of 12.08%. Paylocity’s revenue was up 23.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 earnings per share. On average, equities analysts anticipate that Paylocity Holding Corp will post 0.63 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in PCTY. Cutler Group LP acquired a new position in Paylocity during the second quarter worth about $100,000. Tower Research Capital LLC TRC acquired a new position in Paylocity during the second quarter worth about $102,000. NumerixS Investment Technologies Inc grew its holdings in Paylocity by 2,000.0% during the second quarter. NumerixS Investment Technologies Inc now owns 2,100 shares of the software maker’s stock worth $124,000 after acquiring an additional 2,000 shares during the period. Acadian Asset Management LLC acquired a new position in Paylocity during the third quarter worth about $143,000. Finally, Quantbot Technologies LP acquired a new position in Paylocity during the third quarter worth about $168,000. 66.41% of the stock is currently owned by hedge funds and other institutional investors.
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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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