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

Key Points

• Paylocity SVP Andrew Cappotelli sold 69 shares at an average price of $152.37, generating $10,513.53. The transaction, conducted under a Rule 10b5-1 plan, reduced his holdings by 0.16% to 44,202 shares.
• Paylocity shares recently traded at $142.10, while the company reported quarterly EPS of $1.84 and revenue of $444.73 million, exceeding analyst estimates; revenue rose 11% year over year.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus and an average price target of $160.53. Institutional investors own approximately 94.76% of the company.

Paylocity Holding Corporation (NASDAQ:PCTY - Get Free Report) SVP Andrew Cappotelli sold 69 shares of the company's stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $152.37, for a total value of $10,513.53. Following the completion of the transaction, the senior vice president owned 44,202 shares of the company's stock, valued at $6,735,058.74. The trade was a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Andrew Cappotelli also recently made the following trade(s):

• On Wednesday, August 19th, Andrew Cappotelli sold 2,550 shares of Paylocity stock. The shares were sold at an average price of $149.83, for a total value of $382,066.50.

Paylocity Price Performance

NASDAQ:PCTY traded down $1.43 during mid-day trading on Wednesday, reaching $142.10. The stock had a trading volume of 558,534 shares, compared to its average volume of 797,104. The stock has a market capitalization of $7.54 billion, a P/E ratio of 28.71 and a beta of 0.45. The firm has a 50 day moving average price of $138.36 and a two-hundred day moving average price of $118.48. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.09 and a current ratio of 1.09. Paylocity Holding Corporation has a one year low of $92.99 and a one year high of $172.63.

Paylocity (NASDAQ:PCTY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The software maker reported $1.84 EPS for the quarter, topping the consensus estimate of $1.62 by $0.22. Paylocity had a net margin of 15.23% and a return on equity of 27.02%. The firm had revenue of $444.73 million for the quarter, compared to the consensus estimate of $431.46 million. During the same period last year, the firm posted $1.56 earnings per share. The business's revenue was up 11.0% compared to the same quarter last year. As a group, analysts expect that Paylocity Holding Corporation will post 6.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PCTY. Barclays raised their price target on Paylocity from $128.00 to $154.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 5th. Jefferies Financial Group reaffirmed a "buy" rating and set a $165.00 target price on shares of Paylocity in a research note on Wednesday, August 5th. Wall Street Zen cut shares of Paylocity from a "buy" rating to a "hold" rating in a research report on Saturday, July 4th. KeyCorp lifted their price objective on Paylocity from $172.00 to $178.00 and gave the company an "overweight" rating in a research report on Wednesday, August 5th. Finally, Zacks Research downgraded Paylocity from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Twelve equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $160.53.

Hedge Funds Weigh In On Paylocity

Institutional investors and hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System raised its stake in Paylocity by 10,474.6% during the second quarter. California State Teachers Retirement System now owns 5,246,465 shares of the software maker's stock valued at $548,413,000 after buying an additional 5,196,851 shares during the last quarter. BlackRock Inc. purchased a new stake in Paylocity during the 2nd quarter valued at about $430,315,000. Jupiter Topco LLC purchased a new stake in Paylocity during the 2nd quarter valued at about $70,540,000. Alyeska Investment Group L.P. bought a new stake in Paylocity during the 3rd quarter valued at about $104,657,000. Finally, Norges Bank purchased a new position in Paylocity in the fourth quarter worth about $88,428,000. Institutional investors own 94.76% of the company's stock.

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.

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