Insider Unloading: Jeffrey T Diehl Sells $3.44M Worth Of Paylocity Holding Shares

A substantial insider sell was reported on November 7, by Jeffrey T Diehl, Board Member at Paylocity Holding (NASDAQ:PCTY), based on the recent SEC filing.

What Happened: After conducting a thorough analysis, Diehl sold 17,729 shares of Paylocity Holding. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total transaction value is $3,443,121.

The latest market snapshot at Friday morning reveals Paylocity Holding shares down by 0.73%, trading at $209.18.

About Paylocity Holding

Paylocity is a provider of payroll and human capital management solutions servicing small- to midsize clients in the United States. The company was founded in 1997 and targets businesses with 10-5,000 employees and services about 39,000 clients as of fiscal 2024. Alongside core payroll services, Paylocity offers HCM solutions such as time and attendance and recruiting software as well as workplace collaboration and communication tools.

Financial Milestones: Paylocity Holding's Journey

Decline in Revenue: Over the 3 months period, Paylocity Holding faced challenges, resulting in a decline of approximately -12.5% in revenue growth as of 30 September, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry ...

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