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 Friday, September 4th. The stock was sold at an average price of $152.37, for a total transaction of $10,513.53. Following the completion of the transaction, the senior vice president owned 44,202 shares in the company, valued at $6,735,058.74. This trade represents a 0.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 opened at $142.10 on Thursday. The stock has a 50-day simple moving average of $138.98 and a 200 day simple moving average of $118.71. Paylocity Holding Corporation has a twelve month low of $92.99 and a twelve month high of $172.63. The stock has a market capitalization of $7.54 billion, a PE ratio of 28.71 and a beta of 0.45. 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 (NASDAQ:PCTY) last released its earnings results 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. Paylocity had a return on equity of 27.02% and a net margin of 15.23%.The firm had revenue of $444.73 million for the quarter, compared to analyst estimates of $431.46 million. During the same quarter last year, the firm posted $1.56 EPS. The company’s revenue was up 11.0% on a year-over-year basis. Research analysts anticipate that Paylocity Holding Corporation will post 6.92 EPS for the current year.

Hedge Funds Weigh In On Paylocity

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Optiver Holding B.V. increased its stake in Paylocity by 5,925.0% in the first quarter. Optiver Holding B.V. now owns 241 shares of the software maker’s stock valued at $26,000 after acquiring an additional 237 shares during the period. Global Retirement Partners LLC acquired a new stake in Paylocity during the second quarter valued at approximately $27,000. Basecamp Wealth Advisors LLC boosted its holdings in Paylocity by 4,250.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 261 shares of the software maker’s stock valued at $28,000 after purchasing an additional 255 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Paylocity in the 4th quarter valued at approximately $30,000. Finally, Elevation Wealth Partners LLC raised its holdings in shares of Paylocity by 500.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 342 shares of the software maker’s stock worth $36,000 after buying an additional 285 shares in the last quarter. 94.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on PCTY. Robert W. Baird set a $201.00 price target on shares of Paylocity in a research report on Wednesday, August 5th. Jefferies Financial Group reiterated a “buy” rating and issued a $165.00 target price on shares of Paylocity in a research note on Wednesday, August 5th. Zacks Research downgraded Paylocity from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. BMO Capital Markets boosted their price target on Paylocity from $143.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, Cantor Fitzgerald upped their price target on Paylocity from $140.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Twelve 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.