Paylocity Holding Corporation (NASDAQ:PCTY – Get Free Report) SVP Andrew Cappotelli sold 899 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $115.05, for a total value of $103,429.95. Following the sale, the senior vice president directly owned 17,679 shares of the company’s stock, valued at $2,033,968.95. This represents a 4.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Paylocity Trading Down 0.9%
NASDAQ PCTY opened at $111.72 on Friday. The business has a 50 day simple moving average of $106.40 and a 200 day simple moving average of $126.08. The stock has a market capitalization of $5.98 billion, a P/E ratio of 23.82 and a beta of 0.49. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.08 and a quick ratio of 1.08. Paylocity Holding Corporation has a one year low of $92.99 and a one year high of $197.91.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of PCTY. Alyeska Investment Group L.P. bought a new position in shares of Paylocity in the third quarter valued at approximately $104,657,000. Norges Bank bought a new position in shares of Paylocity in the fourth quarter valued at approximately $88,428,000. Morgan Stanley lifted its holdings in shares of Paylocity by 117.9% in the fourth quarter. Morgan Stanley now owns 817,209 shares of the software maker’s stock valued at $124,625,000 after purchasing an additional 442,218 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Paylocity by 75.1% in the fourth quarter. AQR Capital Management LLC now owns 943,591 shares of the software maker’s stock valued at $143,747,000 after purchasing an additional 404,605 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Paylocity by 261.2% in the fourth quarter. BNP Paribas Financial Markets now owns 534,487 shares of the software maker’s stock valued at $81,509,000 after purchasing an additional 386,494 shares in the last quarter. Institutional investors own 94.76% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Analysis on PCTY
About Paylocity
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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