Paylocity (NASDAQ:PCTY) SVP Sells $10,513.53 in Stock

Paylocity Holding Corporation (NASDAQ:PCTY) SVP Andrew Cappotelli sold 69 shares of the business’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $152.37, for a total transaction of $10,513.53. Following the sale, the senior vice president directly owned 44,202 shares in the company, valued at $6,735,058.74. The trade was a 0.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Andrew Cappotelli also recently made the following trade(s):

• On Wednesday, August 19th, Andrew Cappotelli sold 2,550 shares of Paylocity stock. The stock was sold at an average price of $149.83, for a total value of $382,066.50.

Paylocity Price Performance

Shares of NASDAQ PCTY opened at $141.66 on Friday. The stock has a market cap of $7.52 billion, a PE ratio of 28.62 and a beta of 0.45. Paylocity Holding Corporation has a fifty-two week low of $92.99 and a fifty-two week high of $172.21. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a fifty day moving average of $140.06 and a 200-day moving average of $119.13.

Paylocity (NASDAQ:PCTY) last released its quarterly earnings data on Tuesday, August 4th. The software maker reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.22. Paylocity had a return on equity of 27.02% and a net margin of 15.23%.The company had revenue of $444.73 million for the quarter, compared to analyst estimates of $431.46 million. During the same period in the previous year, the company posted $1.56 EPS. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities research analysts anticipate that Paylocity Holding Corporation will post 6.92 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on PCTY. BTIG Research raised their price objective on shares of Paylocity from $150.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Wall Street Zen lowered shares of Paylocity from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Cantor Fitzgerald increased their target price on shares of Paylocity from $140.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Citigroup reissued a “buy” rating on shares of Paylocity in a report on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of Paylocity from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.53.

Institutional Trading of Paylocity

A number of hedge funds have recently made changes to their positions in PCTY. California State Teachers Retirement System raised its position in Paylocity by 10,474.6% during the second quarter. California State Teachers Retirement System now owns 5,246,465 shares of the software maker’s stock valued at $548,413,000 after purchasing an additional 5,196,851 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Paylocity in the 2nd quarter worth about $430,315,000. AQR Capital Management LLC boosted its holdings in shares of Paylocity by 75.1% in the 4th quarter. AQR Capital Management LLC now owns 943,591 shares of the software maker’s stock worth $143,747,000 after purchasing an additional 404,605 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Paylocity by 117.9% in the 4th quarter. Morgan Stanley now owns 817,209 shares of the software maker’s stock worth $124,625,000 after purchasing an additional 442,218 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of Paylocity by 97.7% during the 3rd quarter. Millennium Management LLC now owns 748,803 shares of the software maker’s stock valued at $119,262,000 after purchasing an additional 369,975 shares during the last quarter. 94.76% of the stock is owned by institutional investors.

About Paylocity

Paylocity Holding Corporation is a provider of cloud-based human capital management (HCM) and workforce management software. Its platform is designed to help organizations manage payroll, human resources, employee benefits, talent, compliance and workforce operations through a unified system.

The company’s products and services include payroll processing, time and labor management, benefits administration, recruiting, onboarding, performance management, employee surveys and workplace communication tools.