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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., Dec. 19, 6:26 PM

Slide #14. Paylocity Holding Corporation Secondary Offering

Company: Paylocity Holding Corporation (NASDAQ:PCTY)
Date announced: 12/8/2014
Shares Offered: 4,600,000
Date of Pricing: 12/12/2014
Price Per Share: $26.25
Secondary Offering Details: Paylocity Holding Corporation (Nasdaq:PCTY), a cloud-based provider of payroll and human capital management software solutions, today announced that it has commenced a roadshow to market its common stock in advance of its proposed public offering. Paylocity and certain of its stockholders are proposing to sell an aggregate of 4,000,000 shares, consisting of 750,000 shares to be offered by the Company and 3,250,000 shares to be offered by certain selling stockholders. In addition, the underwriters are expected to be granted an option to purchase up to 600,000 additional shares from the Company. - updated 12/12 - Paylocity Holding Corporation (Nasdaq:PCTY), a cloud-based provider of payroll and human capital management software solutions, today announced the pricing of its follow-on public offering of 4,600,000 shares of its common stock at a price to the public of $26.25 per share. Paylocity is offering 750,000 shares of common stock and certain existing stockholders of Paylocity are offering 3,850,000 shares of common stock. In addition, the underwriters of the offering have been granted a 30-day option to purchase from the selling stockholders up to an additional 690,000 shares of common stock, on the same terms and conditions. Paylocity will not receive any proceeds from the sale of the shares by the selling stockholders.

Paylocity Holding is a cloud-based provider of payroll and human capital management (HCM), software. Co.'s multi-tenant software platform includes a suite of payroll and HCM applications, such as time and labor tracking, benefits and talent management. Co.'s clients include for-profit and non-profit organizations across industries including business services, financial services, healthcare, manufacturing, restaurants, retail, technology and others. Co.'s suite of products include Paylocity Web Pay, Paylocity HR, Paylocity Impressions, Performance Management, Self-Service HR Portals, Paylocity Web Onboarding, Paylocity Web Time, Paylocity Web Benefits and Paylocity Enterprise Benefits.
Open the PCTY Page at The Online Investor »

Company Name:  Paylocity Holding Corp
Sector:  Information Technology Services
Number of ETFs Holding PCTY:  18
Total Market Value Held by ETFs:  $7.38M
Total Market Capitalization:  $1.23B
% of Market Cap. Held by ETFs:  0.60%

Open the PCTY Page at The Online Investor (in a new window) »

December 19, 2014    6:26 PM Eastern
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Strong Buy (4.00 out of 4)
92nd percentile
(ranked higher than approx. 92% of all stocks covered)
Based on Zacks ABR data;
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