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Andrew Cappotelli, the Senior Vice President of Operations at Paylocity Holding Corp (NASDAQ:PCTY), a $11.3 billion market cap company with impressive gross profit margins of 68.6%, recently sold shares of the company. According to InvestingPro analysis, the company currently trades at a P/E ratio of 51.2, reflecting its premium valuation in the market. According to a filing with the Securities and Exchange Commission, Cappotelli sold 11 shares of common stock on March 4, 2025, at a price of $201.92 per share, amounting to a total of $2,221. This transaction was conducted under an approved 10b5-1 Plan, which was adopted on September 17, 2024. The sale price represents a significant premium to the 52-week low of $129.94, with the stock showing strong momentum with a 28% gain over the past six months. For comprehensive insider trading analysis and 13 additional key insights, check out the detailed Pro Research Report available on InvestingPro.
Following this sale, Cappotelli owns 14,107 shares of Paylocity. Prior to this, on March 3, 2025, Cappotelli disposed of 52 shares at a price of $204.29 per share, which was not a market sale but rather involved another type of transaction. The company maintains a strong financial health score of "GOOD" according to InvestingPro metrics, with solid cash flow coverage of its debt obligations.
In other recent news, Paylocity Holding Corporation released its second-quarter earnings report for fiscal 2024, showing mixed results. The company reported earnings per share (EPS) of $0.66, which fell significantly short of the forecasted $1.42, marking a notable miss. However, Paylocity’s revenue reached $377 million, surpassing the anticipated $367.01 million and reflecting a 16% year-over-year increase. The company highlighted a 17% growth in recurring and other revenue, contributing to its robust performance. Paylocity also announced new product launches, including an AI Assistant Chatbot and a Headcount Planning tool, aimed at expanding its offerings. The company maintains a strong cash position with $482.4 million in cash and cash equivalents. Looking ahead, Paylocity has provided guidance for fiscal year 2025, projecting total revenue between $1.558 billion and $1.568 billion, reflecting an 11% year-over-year growth. Additionally, Paylocity continues to focus on integrating its recent acquisition of Airbase, with positive early feedback from clients.
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