Nucor earnings beat by $0.08, revenue fell short of estimates
Paylocity (NASDAQ:PCTY) Holding Corp (NASDAQ: PCTY), a $9.65 billion market cap company with impressive 69% gross profit margins and strong financial health according to InvestingPro, saw Senior Vice President of Operations Andrew Cappotelli sell 1,717 shares of common stock on June 23, 2025, at a price of $176.74, for a total value of $303,462. Following the transaction, Cappotelli directly owns 11,953 shares of Paylocity. The sale was executed under a pre-arranged 10b5-1 trading plan adopted on February 25, 2025. With 13 analysts recently revising earnings upward and a consensus recommendation of 1.84 (Buy), InvestingPro offers additional valuable insights through its comprehensive Pro Research Report, one of 1,400+ available for top US stocks.
In other recent news, Paylocity Holding Corp. reported its third-quarter earnings for 2025, delivering results that exceeded Wall Street expectations. The company reported an earnings per share (EPS) of $2.43, surpassing the forecasted $2.13, and revenue of $454.55 million, which was higher than the anticipated $442 million. This performance reflects a 13% year-over-year revenue growth, driven by strong execution in the broker channel and continued investment in AI and product innovation. Stifel analysts maintained a Buy rating on Paylocity with a price target of $235, indicating confidence in the company’s future prospects despite a slight adjustment in subscription revenue growth expectations for fiscal year 2026. The analysts anticipate a modest increase in core margins, suggesting that Paylocity’s profitability remains stable. Paylocity’s strategic focus on product innovation and market expansion, particularly in the mid-market segment, continues to resonate with clients. The company’s outlook for fiscal year 2025 includes projected recurring revenue growth of 14% and total revenue growth of 13%. These developments underscore Paylocity’s robust financial health and positive market sentiment.
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