Paylocity (NASDAQ:PCTY) SVP Andrew Cappotelli Sells 69 Shares

Paylocity Holding Corporation (NASDAQ:PCTY) SVP Andrew Cappotelli sold 69 shares of Paylocity stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $146.90, for a total transaction of $10,136.10. Following the completion of the sale, the senior vice president directly owned 21,069 shares of the company’s stock, valued at approximately $3,095,036.10. The trade was a 0.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Paylocity Stock Up 0.2%

PCTY stock opened at $146.52 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of 36.72, a price-to-earnings-growth ratio of 4.34 and a beta of 0.57. The company has a 50-day moving average of $148.54 and a two-hundred day moving average of $169.43. Paylocity Holding Corporation has a 52-week low of $135.46 and a 52-week high of $223.80.

Paylocity (NASDAQ:PCTY) last posted its quarterly earnings data on Tuesday, November 4th. The software maker reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.23. Paylocity had a net margin of 13.75% and a return on equity of 22.07%. The company had revenue of $408.17 million for the quarter, compared to the consensus estimate of $399.53 million. During the same quarter in the previous year, the firm posted $1.66 EPS. The business’s revenue was up 12.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Paylocity Holding Corporation will post 4.36 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PCTY. Cowen reissued a “buy” rating on shares of Paylocity in a research note on Monday, October 6th. Zacks Research upgraded shares of Paylocity from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. JMP Securities set a $245.00 price objective on shares of Paylocity in a research note on Wednesday, November 5th. Jefferies Financial Group cut their target price on shares of Paylocity from $225.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Paylocity in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $207.83.

Institutional Investors Weigh In On Paylocity

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Paylocity by 7.0% in the 1st quarter. Vanguard Group Inc. now owns 4,312,832 shares of the software maker’s stock worth $807,966,000 after acquiring an additional 283,430 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Paylocity by 3.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,287,514 shares of the software maker’s stock valued at $803,224,000 after buying an additional 141,705 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Paylocity by 0.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,987,037 shares of the software maker’s stock worth $746,932,000 after acquiring an additional 13,027 shares in the last quarter. Millennium Management LLC raised its stake in shares of Paylocity by 97.7% during the 3rd quarter. Millennium Management LLC now owns 748,803 shares of the software maker’s stock valued at $119,262,000 after purchasing an additional 369,975 shares during the period. Finally, Alyeska Investment Group L.P. bought a new position in Paylocity in the 3rd quarter worth about $104,657,000. Institutional investors and hedge funds own 94.76% of the company’s stock.

Paylocity Company Profile

Paylocity Holding Corporation engages in the provision of cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers payroll software solution for global payroll, expense management, tax services, on demand payment, and garnishment managed services; and time and labor management software for time and attendance, scheduling, and time collection.