On November 11, 2024, Ronald Waters, Director at Paylocity Holding Corp (PCTY, Financial), executed a sale of 888 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 8,172 shares of Paylocity Holding Corp.
Over the past year, Ronald Waters has sold a total of 1,488 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed at Paylocity Holding Corp, where there have been 60 insider sells and no insider buys over the past year.
Paylocity Holding Corp specializes in cloud-based payroll and human capital management software solutions for medium-sized organizations. This technology helps companies manage their workforce more effectively.
On the date of the sale, shares of Paylocity Holding Corp were priced at $212.62, valuing the company with a market cap of approximately $11.80 billion. The price-earnings ratio of the stock stands at 58.14, which is above the industry median of 26.85.
The stock's GF Value is estimated at $260.66, indicating that Paylocity Holding Corp is modestly undervalued with a price-to-GF-Value ratio of 0.82. The GF Value is calculated considering historical trading multiples, an adjustment factor based on the company's past performance, and future business performance estimates provided by Morningstar analysts.
This insider sale might interest investors tracking ownership changes and evaluating 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.
