Paylocity Holding Co. (NASDAQ:PCTY) Director Jeffrey T. Diehl Sells 4,513 Shares

Paylocity Holding Co. (NASDAQ:PCTY) Director Jeffrey T. Diehl sold 4,513 shares of Paylocity stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $209.91, for a total transaction of $947,323.83. Following the transaction, the director now owns 1,003 shares of the company’s stock, valued at approximately $210,539.73. The trade was a 81.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Paylocity Stock Performance

Shares of PCTY stock opened at $207.54 on Friday. The firm has a market capitalization of $11.57 billion, a price-to-earnings ratio of 53.08, a price-to-earnings-growth ratio of 5.17 and a beta of 0.93. The company has a 50 day moving average price of $183.90 and a 200 day moving average price of $161.38. Paylocity Holding Co. has a one year low of $129.94 and a one 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.

Institutional Trading of Paylocity

A number of institutional investors and hedge funds have recently made changes to their positions in the company. UMB Bank n.a. grew its position in Paylocity by 1,650.0% during the third quarter. UMB Bank n.a. now owns 175 shares of the software maker’s stock valued at $29,000 after acquiring an additional 165 shares during the period. Prospera Private Wealth LLC acquired a new position in shares of Paylocity in the 3rd quarter valued at about $39,000. Rothschild Investment LLC purchased a new stake in shares of Paylocity during the 2nd quarter worth about $40,000. Signaturefd LLC increased its position in Paylocity by 121.0% during the 3rd quarter. Signaturefd LLC now owns 305 shares of the software maker’s stock worth $50,000 after purchasing an additional 167 shares in the last quarter. Finally, Quarry LP raised its holdings in 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 buying an additional 185 shares during the period. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PCTY has been the subject of several research reports. Piper Sandler lifted 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. Mizuho raised their price target on Paylocity from $175.00 to $180.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. KeyCorp upped their price objective on Paylocity from $187.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. StockNews.com cut Paylocity from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Truist Financial upped their target price on shares of Paylocity from $195.00 to $210.00 and gave the company a “buy” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Paylocity presently has a consensus rating of “Moderate Buy” and an average target price of $196.64.

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.