Paylocity Holding Corp, a provider of cloud-based payroll and human capital management software solutions, has filed a Form 144 with the Securities and Exchange Commission. The filing indicates that certain shareholders, including company executives, directors, or large investors, are planning to sell a portion of their shares in the company. Form 144 is required by the SEC when insiders of a company plan to sell their shares and serves as a notice of their intent to sell within a specific timeframe.
Paylocity Holding Corp, traded on the Nasdaq under the symbol PCTY, caters to small and medium-sized businesses, offering a range of services including payroll processing, time and labor management, talent management, and HR analytics. The company has been experiencing steady growth in recent years as more businesses turn to cloud-based solutions for their HR and payroll needs. With this Form 144 filing, investors will be keeping a close eye on how the market reacts to the potential sale of shares by insiders.
Form 144 filed by Paylocity Holding Corp signifies a potential upcoming sale of shares by company insiders, which could impact the company’s stock price and overall market sentiment. Investors and analysts will be monitoring the situation closely to gauge the implications of this planned sale on the company’s performance and future prospects. For more information about Paylocity Holding Corp and its range of cloud-based HR and payroll solutions, visit their website at Paylocity.
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Paylocity Holding Corp Submits Form 144 Filing – Find Out More About the Company
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