Paylocity Holding Co. (NASDAQ:PCTY – Get Free Report) CAO Nicholas Rost sold 103 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $149.36, for a total value of $15,384.08. Following the completion of the sale, the chief accounting officer now owns 5,194 shares in the company, valued at $775,775.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Paylocity Stock Down 0.2 %
Shares of Paylocity stock traded down $0.25 on Monday, hitting $152.29. The stock had a trading volume of 780,561 shares, compared to its average volume of 449,939. Paylocity Holding Co. has a twelve month low of $139.40 and a twelve month high of $235.00. The business’s 50 day moving average is $179.23 and its two-hundred day moving average is $187.98. The stock has a market cap of $8.56 billion, a price-to-earnings ratio of 59.35, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05.
Wall Street Analyst Weigh In
PCTY has been the topic of several analyst reports. Barclays upped their target price on Paylocity from $213.00 to $223.00 and gave the stock an “equal weight” rating in a report on Thursday, October 12th. KeyCorp dropped their target price on Paylocity from $255.00 to $197.00 and set an “overweight” rating on the stock in a report on Friday, November 3rd. TheStreet lowered Paylocity from a “b-” rating to a “c+” rating in a report on Thursday, November 2nd. Bank of America initiated coverage on Paylocity in a report on Thursday, October 26th. They set a “neutral” rating and a $210.00 target price on the stock. Finally, Needham & Company LLC lowered their price target on Paylocity from $325.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $225.75.
Institutional Investors Weigh In On Paylocity
Several institutional investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans boosted its stake in shares of Paylocity by 0.4% in the second quarter. Thrivent Financial for Lutherans now owns 10,413 shares of the software maker’s stock valued at $1,816,000 after buying an additional 45 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of Paylocity by 19.8% in the second quarter. First Horizon Advisors Inc. now owns 327 shares of the software maker’s stock valued at $60,000 after buying an additional 54 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Paylocity by 5.5% in the second quarter. Parkside Financial Bank & Trust now owns 1,059 shares of the software maker’s stock valued at $195,000 after buying an additional 55 shares during the period. Wealth Alliance boosted its stake in shares of Paylocity by 6.0% in the first quarter. Wealth Alliance now owns 1,099 shares of the software maker’s stock valued at $218,000 after buying an additional 62 shares during the period. Finally, CWM LLC boosted its stake in shares of Paylocity by 18.1% in the third quarter. CWM LLC now owns 412 shares of the software maker’s stock valued at $75,000 after buying an additional 63 shares during the period. 73.65% of the stock is currently owned by institutional investors.
Paylocity Holding Corporation provides cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers Payroll and Tax Services solution to simplifies payroll, automates processes, and manages compliance requirements within one system; and expense management, on demand payment, and garnishment solutions.
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