Glenn Ryan, the Chief Financial Officer of Paylocity (NASDAQ:PCTY) Holding Corp (NASDAQ:PCTY), recently sold 2,600 shares of the company's common stock. The transaction, executed on December 2, 2024, was conducted at a price of $205.40 per share, amounting to a total sale value of $534,040. The sale comes as Paylocity, currently valued at $11.7 billion, maintains impressive gross profit margins of 69% and trades near its 52-week high following a strong 48% gain over the past six months. This sale was conducted under an approved 10b5-1 Plan, which Ryan adopted on September 14, 2023. Following this transaction, Ryan holds 48,150 shares of Paylocity stock directly. According to InvestingPro analysis, Paylocity maintains a "GREAT" financial health score, with over 16 key insights available to subscribers, including detailed valuation metrics and growth indicators in the comprehensive Pro Research Report.
In other recent news, Paylocity Holding Corporation has reported strong financial results for the first quarter of fiscal year 2025. The company's total revenue reached $363 million, marking a 14.3% year-over-year growth. This positive development has led to an increase in the company's full-year revenue guidance. In addition, Paylocity has made significant strategic advancements, including the acquisition of Airbase and the launch of its AI Assistant. These recent developments have been integral to the company's growth strategy.
Paylocity's adjusted gross profit improved to 74%, and its adjusted EBITDA margin stood at 35.5%. The company projects fiscal year 2025 recurring and other revenue to be between $1.427 and $1.442 billion. Furthermore, Paylocity has seen success in selling to larger businesses with 150+ employees, a trend expected to continue with the Airbase acquisition. The company's leadership has expressed confidence in their modern software offerings and their market resonance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.