Andrew Cappotelli Sells 899 Shares of Paylocity (NASDAQ:PCTY) Stock

Paylocity Holding Corporation (NASDAQ:PCTY) SVP Andrew Cappotelli sold 899 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $115.05, for a total value of $103,429.95. Following the completion of the sale, the senior vice president owned 17,679 shares of the company’s stock, valued at $2,033,968.95. The trade was a 4.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Paylocity Stock Performance

Shares of PCTY stock opened at $113.02 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.08. Paylocity Holding Corporation has a fifty-two week low of $92.99 and a fifty-two week high of $197.91. The stock has a 50 day moving average price of $106.39 and a two-hundred day moving average price of $125.99. The company has a market capitalization of $6.05 billion, a P/E ratio of 24.10 and a beta of 0.49.

Wall Street Analysts Forecast Growth

PCTY has been the subject of a number of recent analyst reports. BTIG Research decreased their target price on Paylocity from $180.00 to $150.00 and set a “buy” rating for the company in a report on Friday, February 6th. Robert W. Baird set a $193.00 target price on Paylocity in a report on Friday, May 8th. Barclays upped their target price on Paylocity from $120.00 to $128.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Stephens decreased their target price on Paylocity from $160.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, May 8th. Finally, Truist Financial decreased their target price on Paylocity from $240.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $160.28.

Institutional Investors Weigh In On Paylocity

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PCTY. Flagship Harbor Advisors LLC purchased a new stake in Paylocity in the fourth quarter worth $27,000. MassMutual Private Wealth & Trust FSB grew its stake in Paylocity by 363.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 190 shares of the software maker’s stock worth $29,000 after purchasing an additional 149 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Paylocity in the fourth quarter worth $30,000. Advisory Services Network LLC purchased a new stake in Paylocity in the third quarter worth $38,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in Paylocity in the third quarter worth $41,000. 94.76% of the stock is owned by hedge funds and other institutional investors.

Paylocity Company Profile

Paylocity (NASDAQ: PCTY) is a leading provider of cloud-based payroll and human capital management (HCM) software designed to streamline workforce administration for mid-sized organizations. The company’s integrated platform automates core functions such as payroll processing, benefits administration, time and labor tracking, and compliance management, enabling employers to manage employee data more efficiently and reduce administrative burdens.

In addition to payroll and HR capabilities, Paylocity offers talent management solutions including recruiting, onboarding, performance tracking, and learning management.