Paylocity Holding Co. (NASDAQ:PCTY) CFO Ryan Glenn Sells 500 Shares

Paylocity Holding Co. (NASDAQ:PCTY) CFO Ryan Glenn sold 500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $203.28, for a total transaction of $101,640.00. Following the completion of the transaction, the chief financial officer now owns 52,134 shares in the company, valued at approximately $10,597,799.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Paylocity Stock Up 0.2 %

Shares of NASDAQ:PCTY opened at $211.16 on Friday. The company has a 50 day moving average of $170.00 and a 200-day moving average of $156.71. Paylocity Holding Co. has a one year low of $129.94 and a one year high of $213.98. The stock has a market cap of $11.77 billion, a price-to-earnings ratio of 54.01, a P/E/G ratio of 5.36 and a beta of 0.93. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.32 and a quick ratio of 1.32.

Analyst Ratings Changes

A number of research firms have recently issued reports on PCTY. Jefferies Financial Group lifted their target price on shares of Paylocity from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. BMO Capital Markets lifted their price objective on Paylocity from $175.00 to $203.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Barclays increased their target price on Paylocity from $174.00 to $180.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. JMP Securities reaffirmed a “market outperform” rating and issued a $250.00 price target on shares of Paylocity in a report on Monday, August 5th. Finally, Piper Sandler increased their price objective on shares of Paylocity from $172.00 to $212.00 and gave the stock an “overweight” rating in a report 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $196.64.

Institutional Trading of Paylocity

Institutional investors have recently bought and sold shares of the business. UMB Bank n.a. boosted 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 purchasing an additional 165 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in Paylocity in the third quarter valued at about $39,000. Rothschild Investment LLC bought a new position in Paylocity during the second quarter worth about $40,000. J.Safra Asset Management Corp grew its position in shares of Paylocity by 80.0% during the 1st quarter. J.Safra Asset Management Corp now owns 243 shares of the software maker’s stock worth $42,000 after buying an additional 108 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Paylocity by 121.0% in the 3rd quarter. Signaturefd LLC now owns 305 shares of the software maker’s stock valued at $50,000 after acquiring an additional 167 shares during the last quarter. 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.