Andrew Cappotelli Sells 247 Shares of Paylocity Holding Co. (NASDAQ:PCTY) Stock

Paylocity Holding Co. (NASDAQ:PCTY) SVP Andrew Cappotelli sold 247 shares of the company’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 $47,742.63. Following the completion of the sale, the senior vice president now owns 14,634 shares of the company’s stock, valued at approximately $2,828,605.86. The trade was a 1.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Paylocity Trading Up 0.3 %

Paylocity stock traded up $0.54 during trading on Wednesday, hitting $195.32. The company had a trading volume of 337,234 shares, compared to its average volume of 500,783. The company’s 50 day simple moving average is $176.43 and its 200-day simple moving average is $159.08. Paylocity Holding Co. has a 1-year low of $129.94 and a 1-year high of $215.68. The stock has a market cap of $10.89 billion, a price-to-earnings ratio of 49.82, a price-to-earnings-growth ratio of 4.96 and a beta of 0.93. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.29.

Analyst Ratings Changes

A number of brokerages have issued reports on PCTY. Piper Sandler lifted their price target on shares of Paylocity from $172.00 to $212.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. JMP Securities restated a “market outperform” rating and issued a $250.00 price target on shares of Paylocity in a report on Monday, August 5th. KeyCorp lifted their price objective on shares of Paylocity from $187.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. BMO Capital Markets raised their target price on shares of Paylocity from $175.00 to $203.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Barclays raised their price objective on Paylocity from $174.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.64.

Institutional Trading of Paylocity

Hedge funds have recently made changes to their positions in the business. UMB Bank n.a. boosted its position in Paylocity by 1,650.0% in the 3rd quarter. UMB Bank n.a. now owns 175 shares of the software maker’s stock valued at $29,000 after buying an additional 165 shares during the period. Prospera Private Wealth LLC acquired a new position in shares of Paylocity during the third quarter worth $39,000. Rothschild Investment LLC purchased a new stake in Paylocity during the second quarter worth approximately $40,000. Signaturefd LLC boosted its holdings in shares of Paylocity by 121.0% in the 3rd quarter. Signaturefd LLC now owns 305 shares of the software maker’s stock valued at $50,000 after buying an additional 167 shares in the last quarter. Finally, Quarry LP grew its stake in Paylocity by 149.2% during the 3rd quarter. Quarry LP now owns 309 shares of the software maker’s stock worth $51,000 after buying an additional 185 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

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.