Paylocity Holding Co. (NASDAQ:PCTY – Get Free Report) CAO Nicholas Rost sold 331 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $138.73, for a total transaction of $45,919.63. Following the sale, the chief accounting officer now directly owns 4,751 shares of the company’s stock, valued at approximately $659,106.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Paylocity Stock Down 3.0 %
Shares of PCTY stock opened at $133.87 on Wednesday. Paylocity Holding Co. has a 12-month low of $133.72 and a 12-month high of $230.52. The firm has a market capitalization of $7.55 billion, a price-to-earnings ratio of 38.92, a price-to-earnings-growth ratio of 2.52 and a beta of 0.89. The firm has a fifty day moving average of $155.96 and a 200-day moving average of $161.52.
Paylocity (NASDAQ:PCTY – Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The software maker reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.29. Paylocity had a net margin of 14.42% and a return on equity of 22.08%. The company had revenue of $401.28 million during the quarter, compared to analyst estimates of $396.93 million. Research analysts expect that Paylocity Holding Co. will post 3.95 earnings per share for the current year.
Wall Street Analyst Weigh In
Check Out Our Latest Report on PCTY
Hedge Funds Weigh In On Paylocity
Several institutional investors and hedge funds have recently made changes to their positions in the company. Venturi Wealth Management LLC boosted its stake in Paylocity by 144.1% in the 1st quarter. Venturi Wealth Management LLC now owns 166 shares of the software maker’s stock worth $29,000 after purchasing an additional 98 shares during the period. American National Bank acquired a new position in Paylocity in the 4th quarter worth $31,000. GAMMA Investing LLC acquired a new position in Paylocity in the 4th quarter worth $36,000. Principal Securities Inc. acquired a new position in Paylocity in the 4th quarter worth $41,000. Finally, J.Safra Asset Management Corp boosted its stake in Paylocity by 80.0% in the 1st quarter. J.Safra Asset Management Corp now owns 243 shares of the software maker’s stock worth $42,000 after purchasing an additional 108 shares during the period. Institutional investors and hedge funds own 94.76% of the company’s stock.
About Paylocity
Paylocity Holding Corporation provides cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers Payroll and Tax Services solution to simplifies payroll, automates processes, and manages compliance requirements within one system; and expense management, on demand payment, and garnishment solutions.
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