Paylocity Holding Co. (NASDAQ:PCTY) CFO Ryan Glenn Sells 2,600 Shares

Paylocity Holding Co. (NASDAQ:PCTY) CFO Ryan Glenn sold 2,600 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $205.40, for a total value of $534,040.00. Following the sale, the chief financial officer now directly owns 48,150 shares in the company, valued at $9,890,010. This represents a 5.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Ryan Glenn also recently made the following trade(s):

• On Wednesday, November 6th, Ryan Glenn sold 500 shares of Paylocity stock. The stock was sold at an average price of $203.28, for a total value of $101,640.00.

Paylocity Stock Up 1.0 %

Shares of NASDAQ PCTY traded up $2.14 during midday trading on Wednesday, hitting $209.71. The stock had a trading volume of 406,589 shares, compared to its average volume of 494,477. The company has a market cap of $11.69 billion, a P/E ratio of 53.09, a PEG ratio of 5.16 and a beta of 0.92. Paylocity Holding Co. has a 52 week low of $129.94 and a 52 week high of $215.68. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $185.65 and its 200-day moving average is $161.75.

Analyst Ratings Changes

Several research firms have recently weighed in on PCTY. BMO Capital Markets boosted their price target on Paylocity from $175.00 to $203.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Piper Sandler lifted their target price on Paylocity from $172.00 to $212.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Jefferies Financial Group increased their price target on Paylocity from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC lifted their price objective on Paylocity from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Mizuho increased their target price on shares of Paylocity from $175.00 to $180.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Paylocity currently has a consensus rating of “Moderate Buy” and an average price target of $196.64.

Institutional Investors Weigh In On Paylocity

Several hedge funds and other institutional investors have recently modified their holdings of PCTY. Tidal Investments LLC lifted its position in shares of Paylocity by 207.0% in the third quarter. Tidal Investments LLC now owns 8,836 shares of the software maker’s stock valued at $1,458,000 after acquiring an additional 5,958 shares in the last quarter. Coldstream Capital Management Inc. bought a new position in shares of Paylocity during the third quarter worth $239,000. Geode Capital Management LLC increased its holdings in Paylocity by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,048,806 shares of the software maker’s stock valued at $173,053,000 after acquiring an additional 36,590 shares during the last quarter. Vestcor Inc lifted its stake in Paylocity by 943.8% in the 3rd quarter. Vestcor Inc now owns 10,000 shares of the software maker’s stock worth $1,650,000 after purchasing an additional 9,042 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of Paylocity by 14.3% during the 3rd quarter. Barclays PLC now owns 44,897 shares of the software maker’s stock valued at $7,407,000 after purchasing an additional 5,609 shares during the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

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.