Paylocity (NASDAQ:PCTY) Stock: Insider Steven Sarowitz Sells 100 Shares

Paylocity Holding Corporation (NASDAQ:PCTY) Director Steven Sarowitz sold 100 shares of Paylocity stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $170.23, for a total transaction of $17,023.00. Following the completion of the sale, the director owned 4,354,769 shares in the company, valued at approximately $741,312,326.87. This trade represents a 0.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Paylocity Stock Up 1.5%

Shares of NASDAQ PCTY opened at $170.91 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.07. Paylocity Holding Corporation has a 12 month low of $92.99 and a 12 month high of $178.53. The firm has a market capitalization of $8.92 billion, a PE ratio of 29.49, a price-to-earnings-growth ratio of 2.00 and a beta of 0.50. The firm has a fifty day simple moving average of $154.29 and a two-hundred day simple moving average of $126.67.

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

Institutional Trading of Paylocity

Several hedge funds and other institutional investors have recently made changes to their positions in PCTY. Optiver Holding B.V. increased its holdings in shares of Paylocity by 5,925.0% in the 1st quarter. Optiver Holding B.V. now owns 241 shares of the software maker’s stock worth $26,000 after purchasing an additional 237 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Paylocity during the second quarter valued at $27,000. Basecamp Wealth Advisors LLC lifted its holdings in shares of Paylocity by 4,250.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 261 shares of the software maker’s stock valued at $28,000 after purchasing an additional 255 shares in the last quarter. Elevation Wealth Partners LLC boosted its position in shares of Paylocity by 500.0% during the second quarter. Elevation Wealth Partners LLC now owns 342 shares of the software maker’s stock valued at $36,000 after buying an additional 285 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Paylocity by 58.8% during the first quarter. Parallel Advisors LLC now owns 451 shares of the software maker’s stock valued at $49,000 after buying an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PCTY. Weiss Ratings raised Paylocity from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. BTIG Research lifted their price target on Paylocity from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, October 26th. Robert W. Baird set a $201.00 price target on Paylocity in a research report on Wednesday, August 5th. UBS Group set a $175.00 price target on Paylocity in a research note on Tuesday, September 29th. Finally, BMO Capital Markets increased their price objective on Paylocity from $143.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $174.88.

More Paylocity News

Here are the key news stories impacting Paylocity this week:

• Positive Sentiment: Cantor Fitzgerald raised its price target from $165 to $200 and maintained an “overweight” rating. The new target implies additional upside and is the most immediate catalyst supporting PCTY. Cantor Fitzgerald analyst rating
• Positive Sentiment: KeyBanc maintained its “buy” rating, while other firms including Guggenheim and BTIG Research have recently cited $200 targets. The continued concentration of bullish ratings reinforces confidence in Paylocity’s growth outlook. KeyBanc rating
• Positive Sentiment: Investors are positioning ahead of the company’s upcoming earnings report. Zacks identifies Paylocity as a potential earnings-beat candidate, supported by cloud and AI-related software demand. In the latest reported quarter, EPS of $1.84 exceeded the $1.62 consensus and revenue grew 11% year over year. Zacks software earnings outlook
• Neutral Sentiment: Institutional investors and hedge funds own approximately 94.8% of PCTY, indicating strong sponsorship. However, the stock’s valuation—roughly 34 times earnings—leaves less room for disappointment if results or guidance fall short.
• Negative Sentiment: Director Steven Sarowitz sold 8,900 shares for approximately $1.52 million and an additional 100 shares for $17,023. Both transactions were conducted under pre-arranged Rule 10b5-1 plans, and he still owns more than 4.35 million shares. The limited reduction in ownership reduces the significance of the sales, but repeated insider selling may weigh modestly on sentiment. SEC insider transaction filing

Paylocity Company Profile

Paylocity Holding Corporation (NASDAQ:PCTY) provides cloud-based human capital management (HCM) and payroll software for organizations. Its platform is designed to help employers manage payroll, human resources, employee benefits, talent acquisition, onboarding, performance, learning, and workforce administration through an integrated system.

The company also offers tools for time and labor management, scheduling, employee communications, engagement, surveys, expense management, and other workplace activities.