The transactions were executed under an approved 10b5-1 trading plan, which allows insiders to set up a predetermined schedule for selling shares to avoid potential conflicts of interest. The stock has shown strong momentum, with a 47.5% return over the past six months. The stock has shown strong momentum, with a 47.5% return over the past six months.
The transactions were executed under an approved 10b5-1 trading plan, which allows insiders to set up a predetermined schedule for selling shares to avoid potential conflicts of interest. The stock has shown strong momentum, with a 47.5% return over the past six months.
The transactions were executed under an approved 10b5-1 trading plan, which allows insiders to set up a predetermined schedule for selling shares to avoid potential conflicts of interest.
In other recent news, Paylocity (NASDAQ:PCTY) Holding Corporation reported robust 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 growth was attributed to ongoing innovation and a unique value proposition in the human capital management (HCM) market. In light of these strong results, Paylocity raised its full-year revenue guidance.
TD Cowen, a financial services firm, has adjusted its outlook on Paylocity, raising the price target for the company's shares from $208 to $235 while maintaining a Buy rating. This adjustment is based on recent federal funds rate expectations and considerations for the company's forthcoming second-quarter financial report. TD Cowen's revised revenue estimates for Paylocity are primarily due to anticipated changes in float revenue, which is income earned on funds held temporarily during the payroll process.
These are recent developments for Paylocity, which also include strategic advancements such as the acquisition of Airbase and the launch of its AI Assistant. The company projects fiscal year 2025 recurring and other revenue to be between $1.427 and $1.442 billion.
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