Paylocity Holding Corp (PCTY) CEO Steven R. Beauchamp Sells 10,042 Shares
Paylocity Holding Corp (NASDAQ:PCTY) CEO Steven R. Beauchamp sold 10,042 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $50.09, for a total value of $503,003.78. Following the completion of the sale, the chief executive officer now owns 2,180,425 shares of the company’s stock, valued at approximately $109,217,488.25. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Paylocity Holding Corp (PCTY) traded up $0.44 during trading on Friday, hitting $50.10. The stock had a trading volume of 87,242 shares, compared to its average volume of 207,850. The stock has a market capitalization of $2,610.00, a price-to-earnings ratio of 278.33, a price-to-earnings-growth ratio of 6.49 and a beta of 2.11. Paylocity Holding Corp has a 52-week low of $29.69 and a 52-week high of $53.96.
Paylocity (NASDAQ:PCTY) last issued its quarterly earnings data on Thursday, November 2nd. The software maker reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.17. The firm had revenue of $81.50 million during the quarter, compared to analyst estimates of $80.88 million. Paylocity had a return on equity of 7.98% and a net margin of 3.11%. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 earnings per share. equities research analysts expect that Paylocity Holding Corp will post 0.33 earnings per share for the current year.
Institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its position in shares of Paylocity by 10.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 113,529 shares of the software maker’s stock valued at $5,130,000 after purchasing an additional 10,911 shares in the last quarter. Menta Capital LLC purchased a new position in shares of Paylocity during the second quarter valued at about $1,270,000. Teachers Advisors LLC grew its position in Paylocity by 29.0% in the second quarter. Teachers Advisors LLC now owns 47,178 shares of the software maker’s stock worth $2,132,000 after acquiring an additional 10,613 shares in the last quarter. Jane Street Group LLC purchased a new position in Paylocity in the third quarter worth about $260,000. Finally, Vanguard Group Inc. grew its position in Paylocity by 3.8% in the second quarter. Vanguard Group Inc. now owns 2,070,015 shares of the software maker’s stock worth $93,524,000 after acquiring an additional 75,709 shares in the last quarter. Hedge funds and other institutional investors own 59.78% of the company’s stock.
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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