Paylocity Holding Corp (PCTY) SVP Mark S. Kinsey Sells 386 Shares
Paylocity Holding Corp (NASDAQ:PCTY) SVP Mark S. Kinsey sold 386 shares of the stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $66.65, for a total value of $25,726.90. Following the transaction, the senior vice president now directly owns 86,331 shares of the company’s stock, valued at $5,753,961.15. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of PCTY traded up $0.85 during trading hours on Friday, hitting $68.92. 503,900 shares of the company were exchanged, compared to its average volume of 255,306. The firm has a market cap of $3.56 billion, a PE ratio of 222.39, a P/E/G ratio of 6.97 and a beta of 1.94. Paylocity Holding Corp has a one year low of $41.15 and a one year high of $69.18.
Paylocity (NASDAQ:PCTY) last released its quarterly earnings data on Thursday, August 9th. The software maker reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). The company had revenue of $96.62 million for the quarter, compared to the consensus estimate of $93.33 million. Paylocity had a return on equity of 13.21% and a net margin of 10.22%. The business’s revenue was up 27.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 earnings per share. equities research analysts expect that Paylocity Holding Corp will post 0.44 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in PCTY. Cutler Group LP bought a new stake in shares of Paylocity during the 2nd quarter worth $100,000. Summit Trail Advisors LLC boosted its position in shares of Paylocity by 6,931.5% in the first quarter. Summit Trail Advisors LLC now owns 101,816 shares of the software maker’s stock worth $102,000 after buying an additional 100,368 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of Paylocity in the second quarter worth $102,000. We Are One Seven LLC boosted its position in shares of Paylocity by 431.9% in the first quarter. We Are One Seven LLC now owns 2,404 shares of the software maker’s stock worth $123,000 after buying an additional 1,952 shares during the period. Finally, NumerixS Investment Technologies Inc boosted its position in shares of Paylocity by 2,000.0% in the second quarter. NumerixS Investment Technologies Inc now owns 2,100 shares of the software maker’s stock worth $124,000 after buying an additional 2,000 shares during the period. 63.84% of the stock is owned by institutional investors and hedge funds.
Paylocity Holding Corporation provides cloud-based payroll and human capital management (HCM) software solutions for medium-sized organizations in the United States. It offers Paylocity Web Pay for enterprise-grade payroll processing and administration; Paylocity Web HR for employee record management and HR compliance and reporting; 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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