Paylocity Holding Co. (NASDAQ:PCTY – Get Free Report) SVP Rachit Lohani sold 658 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $162.83, for a total transaction of $107,142.14. Following the sale, the senior vice president now owns 39,764 shares in the company, valued at approximately $6,474,772.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Paylocity Stock Performance
PCTY opened at $170.23 on Friday. The company has a market capitalization of $9.61 billion, a PE ratio of 49.49, a P/E/G ratio of 3.91 and a beta of 0.95. The stock’s fifty day moving average is $157.87 and its 200-day moving average is $154.58. Paylocity Holding Co. has a one year low of $129.94 and a one year high of $206.28.
Paylocity (NASDAQ:PCTY – Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The software maker reported $1.48 EPS for the quarter, topping the consensus estimate of $1.29 by $0.19. Paylocity had a net margin of 14.74% and a return on equity of 22.17%. The firm had revenue of $357.30 million for the quarter, compared to analysts’ expectations of $350.29 million. During the same period in the previous year, the business earned $0.76 earnings per share. Paylocity’s revenue for the quarter was up 15.8% compared to the same quarter last year. On average, equities research analysts forecast that Paylocity Holding Co. will post 4.51 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Read Our Latest Research Report on PCTY
Institutional Trading of Paylocity
A number of large investors have recently added to or reduced their stakes in PCTY. J.Safra Asset Management Corp lifted its position in shares of Paylocity by 80.0% during the 1st quarter. J.Safra Asset Management Corp now owns 243 shares of the software maker’s stock valued at $42,000 after acquiring an additional 108 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of Paylocity in the 2nd quarter worth $40,000. GAMMA Investing LLC raised its position in shares of Paylocity by 34.7% during the first quarter. GAMMA Investing LLC now owns 303 shares of the software maker’s stock worth $52,000 after purchasing an additional 78 shares during the period. RiverPark Advisors LLC lifted its holdings in shares of Paylocity by 152.0% during the first quarter. RiverPark Advisors LLC now owns 383 shares of the software maker’s stock valued at $66,000 after purchasing an additional 231 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Paylocity by 46.6% in the 1st quarter. Advisors Asset Management Inc. now owns 428 shares of the software maker’s stock valued at $74,000 after purchasing an additional 136 shares during the period. 94.76% of the stock is currently owned by institutional investors.
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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