Paylocity (NASDAQ:PCTY) CFO Sells $500,913.75 in Stock

Paylocity Holding Corporation (NASDAQ:PCTY) CFO Ryan Glenn sold 3,345 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $149.75, for a total value of $500,913.75. Following the sale, the chief financial officer directly owned 122,563 shares in the company, valued at approximately $18,353,809.25. The trade was a 2.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Paylocity Stock Performance

PCTY opened at $153.34 on Friday. The business has a 50 day moving average price of $126.14 and a two-hundred day moving average price of $115.25. 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 company has a market capitalization of $8.14 billion, a price-to-earnings 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 the consensus estimate 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 analysts’ expectations of $431.46 million. During the same period last year, the firm earned $1.56 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. Research analysts predict that Paylocity Holding Corporation will post 6.86 EPS for the current fiscal year.

Institutional Investors Weigh In On Paylocity

Several hedge funds have recently modified their holdings of PCTY. Optiver Holding B.V. increased its stake in 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 acquired a new stake in Paylocity during the 2nd quarter worth about $27,000. Basecamp Wealth Advisors LLC lifted its stake in 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 buying an additional 255 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in Paylocity during the fourth quarter valued at about $30,000. Finally, Elevation Wealth Partners LLC boosted its holdings in shares of Paylocity by 500.0% in the second quarter. Elevation Wealth Partners LLC now owns 342 shares of the software maker’s stock worth $36,000 after buying an additional 285 shares during the period. 94.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on PCTY shares. Raymond James Financial set a $140.00 price target on shares of Paylocity in a research report on Friday, May 8th. Barclays raised their price objective on shares of Paylocity from $128.00 to $154.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 5th. UBS Group lifted their price objective on shares of Paylocity from $122.00 to $128.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. Stephens dropped their target price on shares of Paylocity from $160.00 to $120.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. Finally, Weiss Ratings raised shares of Paylocity from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Twelve analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $160.53.

Paylocity News Roundup

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

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.