Paylocity Holding Co. (NASDAQ:PCTY – Get Rating) Director Steven I. Sarowitz sold 48,930 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $163.12, for a total transaction of $7,981,461.60. Following the completion of the sale, the director now owns 11,467,247 shares in the company, valued at $1,870,537,330.64. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Paylocity stock traded down $8.54 during mid-day trading on Wednesday, hitting $159.43. 257,078 shares of the stock were exchanged, compared to its average volume of 274,142. Paylocity Holding Co. has a 12 month low of $152.97 and a 12 month high of $314.49. The firm’s fifty day simple moving average is $195.87 and its two-hundred day simple moving average is $216.35. The stock has a market capitalization of $8.79 billion, a price-to-earnings ratio of 102.81 and a beta of 1.30.
Paylocity (NASDAQ:PCTY – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The software maker reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.31. Paylocity had a net margin of 11.06% and a return on equity of 17.32%. The firm had revenue of $245.97 million during the quarter, compared to analyst estimates of $241.64 million. During the same quarter last year, the business earned $0.67 EPS. The company’s revenue was up 32.2% compared to the same quarter last year. On average, analysts forecast that Paylocity Holding Co. will post 1.44 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in shares of Paylocity by 0.9% in the 1st quarter. BlackRock Inc. now owns 4,089,361 shares of the software maker’s stock valued at $841,466,000 after acquiring an additional 35,661 shares in the last quarter. Invesco Ltd. increased its stake in shares of Paylocity by 20.7% in the 1st quarter. Invesco Ltd. now owns 1,382,116 shares of the software maker’s stock valued at $284,399,000 after acquiring an additional 236,876 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Paylocity by 0.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,165,374 shares of the software maker’s stock valued at $239,799,000 after acquiring an additional 7,627 shares in the last quarter. State Street Corp increased its stake in shares of Paylocity by 4.4% in the 1st quarter. State Street Corp now owns 1,041,583 shares of the software maker’s stock valued at $214,327,000 after acquiring an additional 44,059 shares in the last quarter. Finally, Riverbridge Partners LLC increased its stake in shares of Paylocity by 5.8% in the 1st quarter. Riverbridge Partners LLC now owns 794,297 shares of the software maker’s stock valued at $163,442,000 after acquiring an additional 43,297 shares in the last quarter. Hedge funds and other institutional investors own 69.01% of the company’s stock.
Paylocity Company Profile (Get Rating)
Paylocity Holding Corporation provides cloud-based payroll and human capital management software solutions for medium-sized organizations in the United States. The company offers Payroll and Tax Services solution to simplify payroll, automate processes and manage compliance requirements within one system; expense management, on demand payment, and garnishment solutions; human capital management and employee self-service solutions, document library, compliance dashboard, and HR edge; time and attendance solution, which tracks time and attendance data, eliminating the need for manual tracking of accruals and reducing administrative tasks; schedule tracking services; and time collection devices, including kiosks, time clocks, and mobile and web applications.
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