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

Key Points

• Paylocity SVP Andrew Cappotelli sold 2,550 shares at an average price of $149.83, generating $382,066.50. The transaction, conducted under a Rule 10b5-1 plan, reduced his direct holdings by 5.44% to 44,329 shares.
• Paylocity shares rose 2.0% to $152.36, while the company reported quarterly EPS of $1.84 and revenue of $444.73 million—beating analyst estimates and marking 11% year-over-year revenue growth.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $160.53; institutional investors and hedge funds own 94.76% of the stock.

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

Paylocity Stock Up 2.0%

Shares of PCTY traded up $3.05 during mid-day trading on Thursday, hitting $152.36. The company's stock had a trading volume of 403,122 shares, compared to its average volume of 818,443. The company's 50-day moving average is $124.37 and its 200-day moving average is $114.86. Paylocity Holding Corporation has a 52-week low of $92.99 and a 52-week high of $182.83. The firm has a market capitalization of $8.08 billion, a price-to-earnings ratio of 30.78 and a beta of 0.48. 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 (NASDAQ:PCTY - Get Free Report) last released its quarterly earnings data 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. The firm 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 company's quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the firm earned $1.56 earnings per share. On average, equities research analysts forecast that Paylocity Holding Corporation will post 6.86 EPS for the current fiscal year.

Hedge Funds Weigh In On Paylocity

A number of large investors have recently made changes to their positions in the business. Optiver Holding B.V. boosted its position in shares of 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 purchased a new position in Paylocity during the 2nd quarter worth $27,000. Basecamp Wealth Advisors LLC increased its position in Paylocity by 4,250.0% during the 1st 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 acquired a new position in Paylocity during the 4th quarter valued at about $30,000. Finally, Elevation Wealth Partners LLC raised its stake in Paylocity by 500.0% in the second quarter. Elevation Wealth Partners LLC now owns 342 shares of the software maker's stock valued at $36,000 after buying an additional 285 shares during the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Citigroup reiterated a "buy" rating on shares of Paylocity in a report on Thursday, August 6th. BTIG Research upped their price objective on Paylocity from $150.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Stephens dropped their price objective on Paylocity from $160.00 to $120.00 and set an "equal weight" rating on the stock in a research report on Friday, May 8th. UBS Group lifted their target price on Paylocity from $122.00 to $128.00 and gave the company a "neutral" rating in a research note on Wednesday, July 22nd. Finally, Barclays boosted their target price on shares of Paylocity from $128.00 to $154.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 5th. Twelve investment 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, Paylocity has a consensus rating of "Moderate Buy" and an average 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.

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