Nicholas Rost Sells 212 Shares of Paylocity Holding Co. (NASDAQ:PCTY) Stock

Paylocity Holding Co. (NASDAQ:PCTY) CAO Nicholas Rost sold 212 shares of Paylocity stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $193.29, for a total transaction of $40,977.48. Following the completion of the sale, the chief accounting officer now directly owns 7,364 shares in the company, valued at $1,423,387.56. This represents a 2.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Nicholas Rost also recently made the following trade(s):

• On Tuesday, September 24th, Nicholas Rost sold 132 shares of Paylocity stock. The shares were sold at an average price of $165.06, for a total value of $21,787.92.

Paylocity Price Performance

Paylocity stock traded up $0.54 during midday trading on Wednesday, reaching $195.32. 337,234 shares of the company were exchanged, compared to its average volume of 500,783. The company has a market capitalization of $10.89 billion, a price-to-earnings ratio of 49.82, a P/E/G ratio of 4.96 and a beta of 0.93. The firm’s 50-day simple moving average is $176.43 and its 200-day simple moving average is $159.08. Paylocity Holding Co. has a 1 year low of $129.94 and a 1 year high of $215.68. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.32 and a current ratio of 1.32.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Barclays lifted their price target on Paylocity from $174.00 to $180.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Jefferies Financial Group boosted their price objective on shares of Paylocity from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, October 31st. BTIG Research dropped their target price on Paylocity from $200.00 to $185.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Piper Sandler boosted their price objective on Paylocity from $172.00 to $212.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $250.00 price target on shares of Paylocity in a report on Monday, August 5th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Paylocity presently has an average rating of “Moderate Buy” and an average target price of $196.64.

Institutional Trading of Paylocity

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PCTY. Price T Rowe Associates Inc. MD boosted its stake in 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 buying an additional 278,607 shares during the last quarter. Geode Capital Management LLC boosted its stake in Paylocity by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,048,806 shares of the software maker’s stock worth $173,053,000 after buying an additional 36,590 shares during the last quarter. Liontrust Investment Partners LLP boosted its stake in Paylocity by 27.1% in the 2nd quarter. Liontrust Investment Partners LLP now owns 810,314 shares of the software maker’s stock worth $106,840,000 after buying an additional 172,807 shares during the last quarter. Van Berkom & Associates Inc. boosted its stake in Paylocity by 20.5% in the 2nd quarter. Van Berkom & Associates Inc. now owns 579,801 shares of the software maker’s stock worth $76,447,000 after buying an additional 98,478 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Paylocity by 3.5% in the 3rd quarter. Janus Henderson Group PLC now owns 517,931 shares of the software maker’s stock worth $85,444,000 after buying an additional 17,560 shares during the last quarter. Hedge funds and other institutional investors own 94.76% of the company’s stock.

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.