Paylocity (NASDAQ:PCTY) SVP Joshua Scutt Sells 4,730 Shares

Paylocity Holding Corporation (NASDAQ:PCTY) SVP Joshua Scutt sold 4,730 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $149.82, for a total transaction of $708,648.60. Following the completion of the transaction, the senior vice president owned 75,729 shares of the company’s stock, valued at approximately $11,345,718.78. The trade was a 5.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Paylocity Price Performance

Shares of PCTY opened at $152.36 on Friday. Paylocity Holding Corporation has a fifty-two week low of $92.99 and a fifty-two week high of $182.83. The firm’s 50-day simple moving average is $125.25 and its two-hundred day simple moving average is $114.98. The stock has a market cap of $8.08 billion, a PE ratio of 30.78 and a beta of 0.48. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.09 and a current ratio of 1.09.

Paylocity (NASDAQ:PCTY) last posted its quarterly earnings data on Tuesday, August 4th. The software maker reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.22. The company had revenue of $444.73 million during the quarter, compared to analyst estimates of $431.46 million. Paylocity had a return on equity of 27.02% and a net margin of 15.23%.The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $1.56 EPS. Analysts anticipate that Paylocity Holding Corporation will post 6.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PCTY has been the topic of several analyst reports. Barclays upped their price objective on Paylocity from $128.00 to $154.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 5th. Robert W. Baird set a $201.00 price objective on Paylocity in a report on Wednesday, August 5th. Wall Street Zen cut shares of Paylocity from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. BTIG Research lifted their price target on shares of Paylocity from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, Cantor Fitzgerald boosted their price objective on shares of Paylocity from $140.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $160.53.

Institutional Investors Weigh In On Paylocity

A number of institutional investors have recently bought and sold shares of the business. Optiver Holding B.V. raised its holdings in Paylocity by 5,925.0% during the first quarter. Optiver Holding B.V. now owns 241 shares of the software maker’s stock valued at $26,000 after acquiring an additional 237 shares during the period. Global Retirement Partners LLC bought a new position in shares of Paylocity in the second quarter worth about $27,000. Basecamp Wealth Advisors LLC grew its position in shares of Paylocity by 4,250.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 261 shares of the software maker’s stock worth $28,000 after purchasing an additional 255 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Paylocity during the fourth quarter worth about $30,000. Finally, Elevation Wealth Partners LLC raised its stake in Paylocity by 500.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 342 shares of the software maker’s stock valued at $36,000 after purchasing an additional 285 shares during the period. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Trending Headlines about Paylocity

Here are the key news stories impacting Paylocity this week:

• Positive Sentiment: TD Cowen raised its price target for Paylocity from $168 to $177 and maintained a “buy” rating, implying roughly 16% upside from the referenced share price. The upgrade reflects continued confidence in the company’s outlook. Benzinga analyst price-target report
• Positive Sentiment: Paylocity’s 50-day moving average recently crossed above its 200-day moving average, creating a bullish “golden cross” signal. The technical setup may attract momentum-oriented investors, particularly after the stock reached a significant support level. Zacks golden cross analysis
• Positive Sentiment: A recent report said Paylocity’s uptrend extended following a strong earnings print. The company’s latest results also exceeded consensus expectations for both earnings and revenue, supporting the positive investor sentiment. Kalkine Media Paylocity uptrend report
• Neutral Sentiment: Paylocity CFO Ryan Glenn, SVPs Andrew Cappotelli and Joshua Scutt, and Director Steven I. Sarowitz collectively sold approximately 19,164 shares worth about $2.87 million. Each transaction was executed under a pre-arranged Rule 10b5-1 trading plan, reducing its value as a signal of near-term concerns. Sarowitz continues to own more than 4.48 million shares, while the executives retain substantial positions. SEC insider transaction filing

Paylocity Company Profile

Paylocity (NASDAQ: PCTY) is a leading provider of cloud-based payroll and human capital management (HCM) software designed to streamline workforce administration for mid-sized organizations. The company’s integrated platform automates core functions such as payroll processing, benefits administration, time and labor tracking, and compliance management, enabling employers to manage employee data more efficiently and reduce administrative burdens.

In addition to payroll and HR capabilities, Paylocity offers talent management solutions including recruiting, onboarding, performance tracking, and learning management.