Senior Vice President Rachit Lohani sold 960 shares of Paylocity Holding Corp (PCTY, Financial) on November 6, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 38,804 shares of the company.
Paylocity Holding Corp (PCTY, Financial) specializes in cloud-based payroll and human capital management software solutions for medium-sized organizations. This technology platform assists businesses in managing their workforce with tools for payroll, human resources, time tracking, and talent management.
Over the past year, Rachit Lohani has engaged in multiple transactions, selling a total of 1,971 shares and purchasing none. This recent sale is part of a broader trend observed within the company, where there have been 50 insider sells and no insider buys over the last year.
Shares of Paylocity Holding Corp were priced at $210 on the day of the transaction. The company's market cap stands at approximately $11.77 billion. The price-earnings ratio is currently 58.01, which is above the industry median of 26.69.
According to the GF Value, the intrinsic value of Paylocity Holding Corp's stock is estimated at $260.34, suggesting that the stock is Modestly Undervalued with a price-to-GF-Value ratio of 0.81.
The GF Value is calculated considering historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider selling activity could be of interest to current and potential investors, providing insights into executive sentiment and potential future stock performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
