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If you purchased shares of Paylocity Holding Corp (NASDAQ:PCTY) and currently hold any of those NASDAQ:PCTY shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
February 17, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Paylocity Holding Corp (NASDAQ:PCTY) was announced over potential breaches of fiduciary duties by certain officers and directors at Paylocity Holding.
The investigation by a law firm concerns whether certain Paylocity Holding officers and directors breached their fiduciary duties.
Paylocity Holding Corp reported that its Total Revenue rose from $108.69 million for the 12 months period that ended on June 30, 2014 to $152.70 million for the 12 months period that ended on June 30, 2015 while its Net Loss for those respective time periods increased from $7.11 million to $13.97 million.
Shares of Paylocity Holding Corp (NASDAQ:PCTY) grew from $19.19 per share in August 2014 to as high as $44.46 per share in November 2015. Since then NASDAQ:PCTY shares lost substantial value. In fact, shares of Paylocity Holding Corp declined to as low as $24.00 per share on February 11, 2016.
