Paylocity Holding Corporation (NASDAQ:PCTY – Get Free Report) SVP Andrew Cappotelli sold 69 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $152.37, for a total value of $10,513.53. Following the completion of the transaction, the senior vice president directly owned 44,202 shares in the company, valued at $6,735,058.74. This trade represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Andrew Cappotelli also recently made the following trade(s):
- On Wednesday, August 19th, Andrew Cappotelli sold 2,550 shares of Paylocity stock. The stock was sold at an average price of $149.83, for a total value of $382,066.50.
Paylocity Stock Performance
Shares of NASDAQ:PCTY traded down $1.43 during midday trading on Wednesday, reaching $142.10. 558,534 shares of the company’s stock traded hands, compared to its average volume of 797,104. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.09 and a current ratio of 1.09. Paylocity Holding Corporation has a one year low of $92.99 and a one year high of $172.63. The company has a market cap of $7.54 billion, a price-to-earnings ratio of 28.71 and a beta of 0.45. The stock has a 50 day moving average of $138.36 and a 200 day moving average of $118.48.
Institutional Investors Weigh In On Paylocity
A number of institutional investors have recently bought and sold shares of the business. Los Angeles Capital Management LLC purchased a new position in shares of Paylocity in the fourth quarter valued at about $30,000. Advisory Services Network LLC purchased a new position in Paylocity in the 3rd quarter worth approximately $38,000. Optiver Holding B.V. boosted its stake in Paylocity by 5,925.0% in the 1st quarter. Optiver Holding B.V. now owns 241 shares of the software maker’s stock worth $26,000 after purchasing an additional 237 shares during the period. Global Retirement Partners LLC purchased a new stake in Paylocity during the 2nd quarter valued at approximately $27,000. Finally, Basecamp Wealth Advisors LLC raised its position in shares of Paylocity by 4,250.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 261 shares of the software maker’s stock valued at $28,000 after buying an additional 255 shares during the last quarter. Hedge funds and other institutional investors own 94.76% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. Barclays increased their price objective on shares of Paylocity from $128.00 to $154.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 5th. Robert W. Baird set a $201.00 target price on shares of Paylocity in a research note on Wednesday, August 5th. Citigroup reissued a “buy” rating on shares of Paylocity in a report on Thursday, August 6th. TD Cowen boosted their price target on Paylocity from $168.00 to $177.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Finally, Wall Street Zen lowered shares of Paylocity from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Twelve equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $160.53.
Get Our Latest Stock Analysis on Paylocity
Paylocity Company Profile
Paylocity (NASDAQ: PCTY) is a leading provider of cloud-based payroll and human capital management (HCM) software designed to streamline workforce administration for mid-sized organizations. The company’s integrated platform automates core functions such as payroll processing, benefits administration, time and labor tracking, and compliance management, enabling employers to manage employee data more efficiently and reduce administrative burdens.
In addition to payroll and HR capabilities, Paylocity offers talent management solutions including recruiting, onboarding, performance tracking, and learning management.
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