Paylocity Holding Co. (NASDAQ:PCTY) CAO Sells $40,977.48 in Stock

Paylocity Holding Co. (NASDAQ:PCTY) CAO Nicholas Rost sold 212 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $193.29, for a total value of $40,977.48. Following the transaction, the chief accounting officer now directly owns 7,364 shares in the company, valued at approximately $1,423,387.56. This represents a 2.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nicholas Rost also recently made the following trade(s):

• On Tuesday, September 24th, Nicholas Rost sold 132 shares of Paylocity stock. The shares were sold at an average price of $165.06, for a total value of $21,787.92.

Paylocity Trading Up 0.3 %

Shares of PCTY stock opened at $195.28 on Thursday. Paylocity Holding Co. has a twelve month low of $129.94 and a twelve month high of $215.68. The company has a market capitalization of $10.89 billion, a price-to-earnings ratio of 49.94, a PEG ratio of 4.89 and a beta of 0.93. The firm has a 50-day moving average price of $177.18 and a 200 day moving average price of $159.34. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.29.

Hedge Funds Weigh In On Paylocity

Several institutional investors and hedge funds have recently modified their holdings of the company. Seven Eight Capital LP acquired a new position in Paylocity in the 1st quarter valued at $348,000. UniSuper Management Pty Ltd lifted its position in Paylocity by 100.0% during the first quarter. UniSuper Management Pty Ltd now owns 600 shares of the software maker’s stock worth $103,000 after buying an additional 300 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in Paylocity by 13.3% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 60,997 shares of the software maker’s stock worth $10,484,000 after buying an additional 7,144 shares during the last quarter. Shell Asset Management Co. grew its holdings in Paylocity by 67.0% in the 1st quarter. Shell Asset Management Co. now owns 2,732 shares of the software maker’s stock valued at $470,000 after buying an additional 1,096 shares during the period. Finally, Carlson Capital L P acquired a new position in shares of Paylocity during the 1st quarter valued at about $2,200,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Analyst Upgrades and Downgrades

PCTY has been the subject of a number of analyst reports. KeyCorp upped their price objective on shares of Paylocity from $187.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Truist Financial raised their price objective on shares of Paylocity from $195.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Needham & Company LLC increased their target price on Paylocity from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Mizuho raised their target price on Paylocity from $175.00 to $180.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, BTIG Research lowered their price target on shares of Paylocity from $200.00 to $185.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $196.64.

About Paylocity

Paylocity Holding Corporation engages in the provision of cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers payroll software solution for global payroll, expense management, tax services, on demand payment, and garnishment managed services; and time and labor management software for time and attendance, scheduling, and time collection.