Paylocity Holding Co. (NASDAQ:PCTY - Get Free Report) Director Steven I. Sarowitz sold 10,621 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $200.86, for a total transaction of $2,133,334.06. Following the transaction, the director now directly owns 8,365,533 shares of the company's stock, valued at $1,680,300,958.38. This represents a 0.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Paylocity Stock Performance
NASDAQ PCTY opened at $202.78 on Tuesday. Paylocity Holding Co. has a 52-week low of $129.94 and a 52-week high of $215.68. The stock has a market cap of $11.30 billion, a PE ratio of 51.86, a P/E/G ratio of 4.93 and a beta of 0.92. The firm has a 50-day moving average of $191.97 and a 200-day moving average of $164.21. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.32 and a current ratio of 1.32.
Institutional Investors Weigh In On Paylocity
Hedge funds have recently bought and sold shares of the stock. UMB Bank n.a. increased its stake in shares of Paylocity by 1,650.0% during the third 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 period. Prospera Private Wealth LLC acquired a new position in Paylocity in the 3rd quarter valued at $39,000. Rothschild Investment LLC bought a new position in Paylocity during the 2nd quarter worth $40,000. Signaturefd LLC lifted its holdings in shares of Paylocity by 121.0% during the third quarter. Signaturefd LLC now owns 305 shares of the software maker's stock worth $50,000 after buying an additional 167 shares in the last quarter. Finally, Quarry LP boosted its position in shares of Paylocity by 149.2% in the third quarter. Quarry LP now owns 309 shares of the software maker's stock valued at $51,000 after acquiring an additional 185 shares during the period. 94.76% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Most People Are Dead Wrong.
From Brownstone Research | Ad
Turn on any financial news outlet at any given moment and within minutes you're guaranteed to see headlines about artificial intelligence.
Everyone's talking about AI right now.
But see, I've been talking about it for years.
I call it my AI Retirement Playbook. I recommend you check it out now.
Several brokerages recently commented on PCTY. Mizuho increased their target price on shares of Paylocity from $180.00 to $200.00 and gave the stock a "neutral" rating in a report on Friday. StockNews.com upgraded shares of Paylocity from a "hold" rating to a "buy" rating in a research note on Saturday, December 7th. BMO Capital Markets lifted their target price on Paylocity from $175.00 to $203.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. Jefferies Financial Group increased their price target on Paylocity from $215.00 to $240.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Finally, TD Cowen boosted their price target on Paylocity from $208.00 to $235.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Paylocity has an average rating of "Moderate Buy" and an average target price of $205.71.
Read Our Latest Stock Analysis on PCTY
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
