Paylocity Holding Corp (NASDAQ:PCTY) CAO Sells $253,290.90 in Stock

Paylocity Holding Corp (NASDAQ:PCTY) CAO Andrew Cappotelli sold 2,109 shares of Paylocity stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $120.10, for a total value of $253,290.90. Following the transaction, the chief accounting officer now owns 12,883 shares of the company’s stock, valued at approximately $1,547,248.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

NASDAQ:PCTY opened at $117.68 on Tuesday. Paylocity Holding Corp has a 52 week low of $53.46 and a 52 week high of $122.65. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $6.30 billion, a PE ratio of 108.96, a price-to-earnings-growth ratio of 5.64 and a beta of 1.54. The stock’s 50-day moving average price is $106.96 and its 200-day moving average price is $102.39.

Paylocity (NASDAQ:PCTY) last posted its earnings results on Wednesday, October 30th. The software maker reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.25. Paylocity had a return on equity of 19.03% and a net margin of 11.78%. The firm had revenue of $126.72 million for the quarter, compared to analysts’ expectations of $124.15 million. During the same period last year, the firm earned $0.20 EPS. The company’s quarterly revenue was up 26.1% on a year-over-year basis. Sell-side analysts expect that Paylocity Holding Corp will post 1.09 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of PCTY. BB&T Corp boosted its holdings in Paylocity by 4.8% in the 3rd quarter. BB&T Corp now owns 2,862 shares of the software maker’s stock worth $279,000 after buying an additional 130 shares during the last quarter. Hardy Reed LLC boosted its holdings in Paylocity by 6.3% in the 3rd quarter. Hardy Reed LLC now owns 2,378 shares of the software maker’s stock worth $232,000 after buying an additional 140 shares during the last quarter. Rehmann Capital Advisory Group boosted its holdings in Paylocity by 14.0% in the 2nd quarter. Rehmann Capital Advisory Group now owns 1,196 shares of the software maker’s stock worth $112,000 after buying an additional 147 shares during the last quarter. Cim LLC boosted its holdings in Paylocity by 2.3% in the 3rd quarter. Cim LLC now owns 6,676 shares of the software maker’s stock worth $651,000 after buying an additional 150 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in Paylocity by 38.5% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 568 shares of the software maker’s stock worth $53,000 after buying an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 66.47% of the company’s stock.

A number of research firms have weighed in on PCTY. Royal Bank of Canada reiterated a “neutral” rating on shares of Paylocity in a research note on Sunday, August 11th. KeyCorp lifted their price objective on Paylocity from $115.00 to $124.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Jefferies Financial Group lifted their price objective on Paylocity to $115.00 in a research note on Thursday, August 8th. Citigroup began coverage on Paylocity in a research note on Friday, October 25th. They set a “neutral” rating and a $105.00 price objective for the company. Finally, ValuEngine upgraded Paylocity from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Eight equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Paylocity presently has an average rating of “Buy” and an average price target of $110.50.

About Paylocity

Paylocity Holding Corporation provides cloud-based payroll and human capital management software solutions for medium-sized organizations in the United States. The company offers Paylocity Web Pay for enterprise-grade payroll processing and administration; Paylocity Web HR for employee record management, HR compliance and reporting, HR insight and analytics, and self-service portals; Talent Management for employee performance appraisal process and performance review; Paylocity Web Time, a time and attendance solution; and Paylocity Web Expense, an expense management tool designed to streamline and automate the expense management process.

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Insider Buying and Selling by Quarter for Paylocity (NASDAQ:PCTY)

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