Paylocity (NASDAQ:PCTY) SVP Andrew Cappotelli Sells 2,550 Shares of Stock

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

Paylocity Stock Performance

PCTY opened at $152.36 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 $182.83. The firm has a 50 day moving average of $125.25 and a two-hundred day moving average of $114.98. The firm has a market capitalization of $8.08 billion, a PE ratio of 30.78 and a beta of 0.48.

Paylocity (NASDAQ:PCTY) last released its quarterly earnings data on Tuesday, August 4th. The software maker reported $1.84 EPS for the quarter, beating the consensus estimate of $1.62 by $0.22. The business had revenue of $444.73 million for the quarter, compared to the consensus estimate of $431.46 million. Paylocity had a net margin of 15.23% and a return on equity of 27.02%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.56 EPS. On average, analysts anticipate that Paylocity Holding Corporation will post 6.86 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Paylocity in the 2nd quarter valued at $430,315,000. AQR Capital Management LLC lifted its holdings in Paylocity by 75.1% during the fourth quarter. AQR Capital Management LLC now owns 943,591 shares of the software maker’s stock valued at $143,747,000 after purchasing an additional 404,605 shares in the last quarter. Morgan Stanley grew its position in shares of Paylocity by 117.9% in the fourth quarter. Morgan Stanley now owns 817,209 shares of the software maker’s stock valued at $124,625,000 after purchasing an additional 442,218 shares during the period. Millennium Management LLC lifted its stake in Paylocity by 97.7% in the 3rd quarter. Millennium Management LLC now owns 748,803 shares of the software maker’s stock valued at $119,262,000 after buying an additional 369,975 shares in the last quarter. Finally, Jupiter Topco LLC acquired a new stake in Paylocity in the 2nd quarter worth about $70,540,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Paylocity News Summary

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, implying roughly 16% upside from the referenced share price. The upgrade reflects continued confidence in the company’s outlook. Benzinga analyst price-target report
• Positive Sentiment: Paylocity’s 50-day moving average recently crossed above its 200-day moving average, creating a bullish “golden cross” signal. The technical setup may attract momentum-oriented investors, particularly after the stock reached a significant support level. Zacks golden cross analysis
• Positive Sentiment: A recent report said Paylocity’s uptrend extended following a strong earnings print. The company’s latest results also exceeded consensus expectations for both earnings and revenue, supporting the positive investor sentiment. Kalkine Media Paylocity uptrend report
• Neutral Sentiment: Paylocity CFO Ryan Glenn, SVPs Andrew Cappotelli and Joshua Scutt, and Director Steven I. Sarowitz collectively sold approximately 19,164 shares worth about $2.87 million. Each transaction was executed under a pre-arranged Rule 10b5-1 trading plan, reducing its value as a signal of near-term concerns. Sarowitz continues to own more than 4.48 million shares, while the executives retain substantial positions. SEC insider transaction filing

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PCTY shares. Zacks Research cut Paylocity from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. BTIG Research raised their price objective on shares of Paylocity from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Citigroup reaffirmed a “buy” rating on shares of Paylocity in a report on Thursday, August 6th. Robert W. Baird set a $201.00 price target on shares of Paylocity in a report on Wednesday, August 5th. Finally, Stephens cut their price objective on shares of Paylocity from $160.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, May 8th. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Paylocity has an average rating of “Moderate Buy” and a consensus target price of $160.53.

About Paylocity

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.