Paylocity (NASDAQ:PCTY) SVP Sells $382,066.50 in Stock

Paylocity Holding Corporation (NASDAQ:PCTY) SVP Andrew Cappotelli sold 2,550 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $382,066.50. Following the sale, the senior vice president owned 44,329 shares in the company, valued at approximately $6,641,814.07. This trade represents a 5.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Paylocity Stock Up 0.6%

NASDAQ:PCTY opened at $153.34 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.09 and a quick ratio of 1.09. The firm’s 50-day moving average price is $126.14 and its 200-day moving average price is $115.25. The company has a market capitalization of $8.14 billion, a PE ratio of 30.98 and a beta of 0.48. Paylocity Holding Corporation has a 1-year low of $92.99 and a 1-year high of $182.83.

Paylocity (NASDAQ:PCTY) last issued its quarterly earnings results 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 net margin of 15.23% and a return on equity of 27.02%. The company 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. Paylocity’s revenue was up 11.0% on a year-over-year basis. On average, equities analysts predict that Paylocity Holding Corporation will post 6.86 EPS for the current fiscal year.

More Paylocity News

Here are the key news stories impacting Paylocity this week:

• Positive Sentiment: TD Cowen raised its price target for Paylocity from $168 to $177 and maintained a “buy” rating, indicating potential upside from the referenced share price. The move signals continued confidence in Paylocity’s growth outlook. Benzinga analyst price-target report
• Positive Sentiment: Paylocity’s 50-day moving average recently moved above its 200-day average, forming a bullish “golden cross.” This technical signal could attract momentum-focused investors and reinforce the stock’s ongoing uptrend. Zacks golden cross analysis
• Positive Sentiment: Recent coverage highlighted the extension of Paylocity’s uptrend after a strong quarterly report. The company reported adjusted earnings of $1.84 per share versus the $1.62 consensus estimate and revenue of $444.7 million versus expectations of $431.5 million, with revenue up 11% year over year. Kalkine Media Paylocity uptrend report
• Neutral Sentiment: CFO Ryan Glenn, SVPs Andrew Cappotelli and Joshua Scutt, and Director Steven I. Sarowitz sold a combined 19,164 shares worth approximately $2.87 million. Because the transactions were executed under pre-arranged Rule 10b5-1 plans, they are a limited signal of near-term pessimism. Sarowitz still owns more than 4.48 million shares, and the other executives retain substantial positions. SEC insider transaction filing

Hedge Funds Weigh In On Paylocity

Several hedge funds and other institutional investors have recently bought and sold shares of PCTY. AlphaGrep UK Ltd bought a new stake in shares of Paylocity in the second quarter worth approximately $230,000. Syon Capital LLC lifted its position in Paylocity by 101.7% during the second quarter. Syon Capital LLC now owns 8,419 shares of the software maker’s stock valued at $880,000 after purchasing an additional 4,246 shares during the period. AXQ Capital LP bought a new position in Paylocity during the second quarter valued at approximately $1,399,000. Nykredit A S purchased a new stake in Paylocity in the second quarter worth approximately $256,000. Finally, Keeler Thomas Management LLC boosted its holdings in Paylocity by 8.4% in the second quarter. Keeler Thomas Management LLC now owns 7,967 shares of the software maker’s stock worth $833,000 after purchasing an additional 615 shares during the last quarter. Institutional investors own 94.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $165.00 target price on shares of Paylocity in a report on Wednesday, August 5th. Wall Street Zen lowered Paylocity from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Truist Financial cut their price objective on shares of Paylocity from $180.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, June 29th. Citigroup reaffirmed a “buy” rating on shares of Paylocity in a report on Thursday, August 6th. Finally, TD Cowen upped their target price on shares of Paylocity from $168.00 to $177.00 and gave the stock a “buy” rating in a research note on Thursday. Twelve equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $160.53.

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.