SCHAUMBURG, Ill., October 13, 2019 – Shares of Paylocity Holding Corporation (NASDAQ: PCTY) gained 0.43% to $99.11. The stock traded total volume of 214.079K shares lower than the average volume of 368.04K shares.

Paylocity Holding Corporation (PCTY) reported fiscal third-quarter earnings of $28.0M. The Schaumburg, Illinois-based Company said it had net income of 51 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 60 cents per share. The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.

The provider of cloud-based payroll and human-resources software services posted revenue of $139.60M in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $135.80M. For the current quarter ending in June, Paylocity said it expects revenue in the range of $116.70M to $117.70M. The company expects full-year revenue in the range of $464.0M to $465.0M.

PCTY has the market capitalization of $5.25B and its EPS growth ratio for the past five years was 42.10%. The return on assets ratio of the Company was 3.10% while its return on investment ratio stands at 16.90%. Price to sales ratio was 11.23 while 67.50% of the stock was owned by institutional investors.

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