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

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

Paylocity Stock Performance

PCTY stock opened at $195.28 on Thursday. The firm has a market cap of $10.89 billion, a P/E ratio of 49.94, a P/E/G ratio of 4.89 and a beta of 0.93. The stock’s 50 day simple moving average is $177.18 and its 200 day simple moving average is $159.34. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.29. Paylocity Holding Co. has a 12-month low of $129.94 and a 12-month high of $215.68.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. International Assets Investment Management LLC raised its stake in Paylocity by 16,397.9% during the third quarter. International Assets Investment Management LLC now owns 7,754 shares of the software maker’s stock worth $1,279,000 after acquiring an additional 7,707 shares during the period. Cetera Advisors LLC acquired a new stake in shares of Paylocity during the 1st quarter worth approximately $729,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Paylocity by 3.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,833,794 shares of the software maker’s stock worth $1,518,176,000 after purchasing an additional 278,607 shares during the last quarter. Capital Research Global Investors acquired a new position in Paylocity during the 1st quarter valued at approximately $46,902,000. Finally, Plato Investment Management Ltd increased its position in Paylocity by 4,853.3% in the first quarter. Plato Investment Management Ltd now owns 3,715 shares of the software maker’s stock worth $638,000 after buying an additional 3,640 shares during the period. 94.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PCTY has been the subject of several analyst reports. Barclays upped their target price on Paylocity from $174.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Mizuho boosted their target price on shares of Paylocity from $175.00 to $180.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Truist Financial raised their price target on shares of Paylocity from $195.00 to $210.00 and gave the company a “buy” rating in a report on Friday, November 1st. Jefferies Financial Group boosted their price objective on shares of Paylocity from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, BMO Capital Markets raised their target price on Paylocity from $175.00 to $203.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Paylocity has a consensus rating of “Moderate Buy” and an average price target of $196.64.

About Paylocity

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.