Paylocity (NASDAQ:PCTY) Director Sells $1,524,659.00 in Stock

Paylocity Holding Corporation (NASDAQ:PCTY) Director Steven Sarowitz sold 8,900 shares of the stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $171.31, for a total value of $1,524,659.00. Following the transaction, the director directly owned 4,354,869 shares of the company’s stock, valued at approximately $746,032,608.39. This trade represents a 0.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Paylocity Stock Performance

Shares of PCTY opened at $170.91 on Friday. The firm has a market cap of $8.92 billion, a PE ratio of 29.49, a PEG ratio of 2.00 and a beta of 0.50. The stock’s fifty day moving average price is $154.29 and its two-hundred day moving average price is $126.67. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.09 and a quick ratio of 1.09. Paylocity Holding Corporation has a 1 year low of $92.99 and a 1 year high of $178.53.

Paylocity (NASDAQ:PCTY) last issued its quarterly earnings results on Tuesday, August 4th. The software maker reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.22. Paylocity had a return on equity of 27.02% and a net margin of 15.23%. The firm had revenue of $444.73 million for the quarter, compared to analysts’ expectations of $431.46 million. During the same quarter in the prior year, the firm earned $1.56 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities research analysts forecast that Paylocity Holding Corporation will post 6.92 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PCTY shares. Guggenheim lifted their target price on shares of Paylocity from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, October 23rd. Wall Street Zen cut shares of Paylocity from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. Zacks Research cut shares of Paylocity from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Citizens Jmp raised their price objective on shares of Paylocity from $150.00 to $180.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 20th. Finally, Robert W. Baird set a $201.00 price objective on shares of Paylocity in a research note on Wednesday, August 5th. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $174.88.

More Paylocity News

Here are the key news stories impacting Paylocity this week:

• Positive Sentiment: Cantor Fitzgerald raised its price target from $165 to $200 and maintained an “overweight” rating. The new target implies additional upside and is the most immediate catalyst supporting PCTY. Cantor Fitzgerald analyst rating
• Positive Sentiment: KeyBanc maintained its “buy” rating, while other firms including Guggenheim and BTIG Research have recently cited $200 targets. The continued concentration of bullish ratings reinforces confidence in Paylocity’s growth outlook. KeyBanc rating
• Positive Sentiment: Investors are positioning ahead of the company’s upcoming earnings report. Zacks identifies Paylocity as a potential earnings-beat candidate, supported by cloud and AI-related software demand. In the latest reported quarter, EPS of $1.84 exceeded the $1.62 consensus and revenue grew 11% year over year. Zacks software earnings outlook
• Neutral Sentiment: Institutional investors and hedge funds own approximately 94.8% of PCTY, indicating strong sponsorship. However, the stock’s valuation—roughly 34 times earnings—leaves less room for disappointment if results or guidance fall short.
• Negative Sentiment: Director Steven Sarowitz sold 8,900 shares for approximately $1.52 million and an additional 100 shares for $17,023. Both transactions were conducted under pre-arranged Rule 10b5-1 plans, and he still owns more than 4.35 million shares. The limited reduction in ownership reduces the significance of the sales, but repeated insider selling may weigh modestly on sentiment. SEC insider transaction filing

Institutional Trading of Paylocity

A number of institutional investors have recently added to or reduced their stakes in the stock. Covestor Ltd lifted its stake in Paylocity by 29.5% in the 3rd quarter. Covestor Ltd now owns 821 shares of the software maker’s stock worth $117,000 after purchasing an additional 187 shares in the last quarter. Provenance Wealth Advisors LLC bought a new position in Paylocity in the 3rd quarter valued at $280,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Paylocity in the 3rd quarter valued at $547,000. Vise Technologies Inc. grew its position in shares of Paylocity by 66.1% during the 3rd quarter. Vise Technologies Inc. now owns 10,160 shares of the software maker’s stock valued at $1,449,000 after purchasing an additional 4,045 shares in the last quarter. Finally, MGO One Seven LLC purchased a new position in shares of Paylocity during the 3rd quarter valued at $259,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.

About Paylocity

Paylocity Holding Corporation (NASDAQ:PCTY) provides cloud-based human capital management (HCM) and payroll software for organizations. Its platform is designed to help employers manage payroll, human resources, employee benefits, talent acquisition, onboarding, performance, learning, and workforce administration through an integrated system.

The company also offers tools for time and labor management, scheduling, employee communications, engagement, surveys, expense management, and other workplace activities.