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

Paylocity Holding Co. (NASDAQ:PCTY) CAO Nicholas Rost sold 212 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $193.29, for a total value of $40,977.48. Following the sale, the chief accounting officer now owns 7,364 shares of the company’s stock, valued at approximately $1,423,387.56. This represents a 2.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

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

Paylocity Stock Up 3.3 %

Shares of PCTY opened at $201.75 on Friday. Paylocity Holding Co. has a one year low of $129.94 and a one year high of $215.68. The company has a market cap of $11.25 billion, a P/E ratio of 51.60, a P/E/G ratio of 4.89 and a beta of 0.93. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a 50 day simple moving average of $177.18 and a two-hundred day simple moving average of $159.34.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. StockNews.com upgraded Paylocity from a “hold” rating to a “buy” rating in a report on Thursday. Barclays boosted their price objective 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 lifted their price target on shares of Paylocity from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. JMP Securities reiterated a “market outperform” rating and issued a $250.00 price target on shares of Paylocity in a research report on Monday, August 5th. Finally, KeyCorp lifted their price target on shares of Paylocity from $187.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $196.64.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its position in Paylocity by 3.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,833,794 shares of the software maker’s stock valued at $1,518,176,000 after purchasing an additional 278,607 shares in the last quarter. Geode Capital Management LLC raised its position in Paylocity by 3.6% during the third quarter. Geode Capital Management LLC now owns 1,048,806 shares of the software maker’s stock valued at $173,053,000 after purchasing an additional 36,590 shares in the last quarter. Liontrust Investment Partners LLP increased its holdings in shares of Paylocity by 27.1% during the second 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 in the last quarter. Van Berkom & Associates Inc. increased its holdings in shares of Paylocity by 20.5% during the second 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 in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Paylocity by 3.5% during the third 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 in the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.

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.