Key Points
- SVP Andrew Cappotelli sold 69 shares of Paylocity on Dec. 4 at an average price of $146.90 for about $10,136, reducing his stake by 0.33% to 21,069 shares (≈$3.095M).
- Paylocity recently beat expectations, reporting EPS of $1.75 versus the $1.52 consensus and revenue of $408.17M, a 12.5% year‑over‑year increase.
- Analysts maintain a “Moderate Buy” consensus with a $207.83 average price target; the stock trades at a market cap of $7.97B and a P/E of about 36.7, with a 52‑week range of $135.46–$223.80.
Paylocity Holding Corporation (NASDAQ:PCTY - Get Free Report) SVP Andrew Cappotelli sold 69 shares of Paylocity stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $146.90, for a total value of $10,136.10. Following the sale, the senior vice president owned 21,069 shares of the company's stock, valued at approximately $3,095,036.10. This trade represents a 0.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Paylocity Price Performance
PCTY stock opened at $146.52 on Friday. The firm has a 50 day simple moving average of $148.54 and a two-hundred day simple moving average of $169.43. The stock has a market cap of $7.97 billion, a PE ratio of 36.72, a P/E/G ratio of 4.34 and a beta of 0.57. Paylocity Holding Corporation has a one year low of $135.46 and a one year high of $223.80. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.07 and a quick ratio of 1.07.
Paylocity (NASDAQ:PCTY - Get Free Report) last released its earnings results on Tuesday, November 4th. The software maker reported $1.75 EPS for the quarter, beating the consensus estimate of $1.52 by $0.23. Paylocity had a net margin of 13.75% and a return on equity of 22.07%. The company had revenue of $408.17 million for the quarter, compared to analyst estimates of $399.53 million. During the same quarter last year, the firm earned $1.66 EPS. The firm's quarterly revenue was up 12.5% compared to the same quarter last year. On average, analysts predict that Paylocity Holding Corporation will post 4.36 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the stock. Zacks Research upgraded shares of Paylocity from a "strong sell" rating to a "hold" rating in a report on Monday, November 10th. Stephens reduced their price objective on Paylocity from $200.00 to $170.00 and set an "equal weight" rating for the company in a report on Wednesday, November 5th. JMP Securities set a $245.00 target price on shares of Paylocity in a research note on Wednesday, November 5th. UBS Group dropped their price target on shares of Paylocity from $195.00 to $183.00 and set a "neutral" rating on the stock in a report on Wednesday, September 17th. Finally, Barclays lowered their price objective on shares of Paylocity from $195.00 to $175.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $207.83.
Check Out Our Latest Analysis on Paylocity
Hedge Funds Weigh In On Paylocity
Hedge funds have recently modified their holdings of the company. Associated Banc Corp grew its stake in Paylocity by 4.5% during the first quarter. Associated Banc Corp now owns 1,207 shares of the software maker's stock valued at $226,000 after acquiring an additional 52 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Paylocity by 0.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 6,148 shares of the software maker's stock valued at $1,097,000 after purchasing an additional 54 shares during the last quarter. Cresset Asset Management LLC boosted its stake in Paylocity by 2.4% during the first quarter. Cresset Asset Management LLC now owns 2,613 shares of the software maker's stock valued at $490,000 after buying an additional 62 shares during the last quarter. Verdence Capital Advisors LLC raised its holdings in shares of Paylocity by 5.7% during the 2nd quarter. Verdence Capital Advisors LLC now owns 1,205 shares of the software maker's stock worth $218,000 after acquiring an additional 65 shares in the last quarter. Finally, ProShare Advisors LLC grew its holdings in shares of Paylocity by 3.3% in the second quarter. ProShare Advisors LLC now owns 2,055 shares of the software maker's stock valued at $372,000 after purchasing an additional 65 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors.
Paylocity Company Profile
(
Get Free Report)
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.
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