Paylocity Holding Co. (NASDAQ:PCTY) CFO Ryan Glenn Sells 2,600 Shares

Paylocity Holding Co. (NASDAQ:PCTY) CFO Ryan Glenn sold 2,600 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $205.40, for a total transaction of $534,040.00. Following the sale, the chief financial officer now directly owns 48,150 shares in the company, valued at approximately $9,890,010. The trade was a 5.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ryan Glenn also recently made the following trade(s):

• On Wednesday, November 6th, Ryan Glenn sold 500 shares of Paylocity stock. The shares were sold at an average price of $203.28, for a total transaction of $101,640.00.

Paylocity Stock Up 1.0 %

PCTY stock traded up $2.14 during trading on Wednesday, reaching $209.71. 406,589 shares of the company traded hands, compared to its average volume of 494,477. The business has a 50 day simple moving average of $185.65 and a 200 day simple moving average of $161.75. Paylocity Holding Co. has a 12 month low of $129.94 and a 12 month 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. The company has a market capitalization of $11.69 billion, a price-to-earnings ratio of 53.09, a price-to-earnings-growth ratio of 5.16 and a beta of 0.92.

Institutional Trading of Paylocity

A number of institutional investors have recently modified their holdings of PCTY. Geode Capital Management LLC lifted 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 acquiring an additional 36,590 shares during the last quarter. Liontrust Investment Partners LLP lifted its holdings in shares of Paylocity by 27.1% during the 2nd quarter. Liontrust Investment Partners LLP now owns 810,314 shares of the software maker’s stock valued at $106,840,000 after purchasing an additional 172,807 shares during the last quarter. Van Berkom & Associates Inc. boosted its position in shares of 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 purchasing an additional 98,478 shares in the last quarter. Janus Henderson Group PLC grew its stake in Paylocity by 3.5% during 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. Finally, Bank of New York Mellon Corp increased its position in Paylocity by 4.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 472,686 shares of the software maker’s stock valued at $62,324,000 after buying an additional 21,127 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on PCTY. KeyCorp upped their target price on Paylocity from $187.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. StockNews.com lowered Paylocity from a “buy” rating to a “hold” rating in a research note on Friday, November 29th. BMO Capital Markets boosted their target price on shares of Paylocity from $175.00 to $203.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Jefferies Financial Group upped their price target on shares of Paylocity from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Barclays boosted their price objective on shares of Paylocity from $174.00 to $180.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.