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

Paylocity Holding Co. (NASDAQ:PCTY - Get Free Report) CFO Ryan Glenn sold 500 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $203.28, for a total transaction of $101,640.00. Following the completion of the sale, the chief financial officer now owns 52,134 shares of the company's stock, valued at approximately $10,597,799.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Paylocity Stock Up 0.2 %

Shares of NASDAQ:PCTY traded up $0.45 during trading on Friday, hitting $211.16. The stock had a trading volume of 506,731 shares, compared to its average volume of 504,839. The company has a market capitalization of $11.77 billion, a PE ratio of 54.01, a PEG ratio of 5.36 and a beta of 0.93. The firm's fifty day moving average is $170.00 and its 200 day moving average is $156.71. Paylocity Holding Co. has a 12 month low of $129.94 and a 12 month high of $213.98. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.29.

Hedge Funds Weigh In On Paylocity

Several institutional investors and hedge funds have recently added to or reduced their stakes in PCTY. UMB Bank n.a. increased its stake 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 acquiring an additional 165 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Paylocity in the 3rd quarter worth approximately $39,000. J.Safra Asset Management Corp grew its stake in shares of Paylocity by 80.0% in 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 last quarter. Rothschild Investment LLC bought a new position in Paylocity during the 2nd quarter valued at approximately $40,000. Finally, Signaturefd LLC increased its position in Paylocity by 121.0% during the 3rd quarter. Signaturefd LLC now owns 305 shares of the software maker's stock valued at $50,000 after buying an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 94.76% of the company's stock.

Analyst Ratings Changes

PCTY has been the topic of several analyst reports. Mizuho lifted their price objective on Paylocity from $175.00 to $180.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. JMP Securities reiterated a "market outperform" rating and issued a $250.00 price objective on shares of Paylocity in a research report on Monday, August 5th. Truist Financial increased their price objective on Paylocity from $195.00 to $210.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Piper Sandler lifted their target price on shares of Paylocity from $172.00 to $212.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. Finally, Barclays increased their price target on shares of Paylocity from $174.00 to $180.00 and gave the company an "equal weight" rating in a research report on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.