Paylocity Holding Co. (NASDAQ:PCTY) SVP Andrew Cappotelli Sells 247 Shares

Paylocity Holding Co. (NASDAQ:PCTY) SVP Andrew Cappotelli sold 247 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $193.29, for a total value of $47,742.63. Following the sale, the senior vice president now directly owns 14,634 shares in the company, valued at $2,828,605.86. This trade represents a 1.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Paylocity Stock Up 0.3 %

PCTY opened at $195.28 on Thursday. The stock has a market capitalization of $10.89 billion, a price-to-earnings ratio of 49.94, a price-to-earnings-growth ratio of 4.89 and a beta of 0.93. Paylocity Holding Co. has a 12 month low of $129.94 and a 12 month high of $215.68. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.32 and a quick ratio of 1.32. The business has a 50-day moving average of $177.18 and a two-hundred day moving average of $159.34.

Hedge Funds Weigh In On Paylocity

Hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. raised its position in shares of Paylocity by 1,650.0% in the 3rd quarter. UMB Bank n.a. now owns 175 shares of the software maker’s stock worth $29,000 after buying an additional 165 shares during the period. Prospera Private Wealth LLC purchased a new position in shares of Paylocity in the 3rd quarter worth about $39,000. Rothschild Investment LLC acquired a new position in shares of Paylocity in the 2nd quarter valued at about $40,000. Signaturefd LLC grew its holdings in shares of Paylocity by 121.0% during the 3rd quarter. Signaturefd LLC now owns 305 shares of the software maker’s stock worth $50,000 after purchasing an additional 167 shares during the period. Finally, Quarry LP increased its position in Paylocity by 149.2% during the 3rd quarter. Quarry LP now owns 309 shares of the software maker’s stock worth $51,000 after purchasing an additional 185 shares in the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. KeyCorp increased their target price on shares of Paylocity from $187.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Piper Sandler lifted their target price on Paylocity from $172.00 to $212.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. StockNews.com cut shares of Paylocity from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. JMP Securities reaffirmed a “market outperform” rating and set a $250.00 price target on shares of Paylocity in a research note on Monday, August 5th. Finally, Needham & Company LLC boosted their price target on Paylocity from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $196.64.

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.