On November 6, 2024, Ryan Glenn, Chief Financial Officer of Paylocity Holding Corp (PCTY, Financial), executed a sale of 500 shares of the company at a price of $203.28 per share. This transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 52,134 shares of Paylocity Holding Corp.
Paylocity Holding Corp specializes in cloud-based payroll and human capital management software solutions for medium-sized organizations. The company's services include payroll processing, human resources management, time and labor tracking, and employee benefits management.
Over the past year, Ryan Glenn has sold a total of 3,300 shares and has not made any purchases of the company's stock. The broader insider transaction trend at Paylocity Holding Corp shows a total of 50 insider sales and no insider buys over the past year.
Shares of Paylocity Holding Corp were trading at $203.28 on the day of the sale, giving the company a market cap of approximately $11.77 billion. The price-earnings ratio of the stock stands at 58.01, which is above the industry median of 26.69.
The stock's valuation according to the GF Value is $260.34, indicating that Paylocity Holding Corp is modestly undervalued with a price-to-GF-Value ratio of 0.78. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates.
This insider sale comes at a time when the stock is considered modestly undervalued, suggesting that potential investors should consider both the insider trading trends and the company's current valuation metrics.
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.
