Director Bernard Kenneth sold 709 shares of Paylocity Holding Corp (PCTY, Financial) on November 13, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 4,587 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, benefits administration, time and labor tracking, and talent management.
Over the past year, Bernard Kenneth has engaged in the sale of 709 shares and has not purchased any shares. This recent transaction is part of a broader trend within the company, where there have been 65 insider sells and no insider buys over the past year.
Shares of Paylocity Holding Corp were priced at $214.6 on the day of the transaction. The company has a market cap of $11.03 billion. The price-earnings ratio stands at 54.34, which is above the industry median of 26.31.
The stock's valuation according to the GF Value is $260.66, indicating that with a current price of $214.6, Paylocity Holding Corp is considered Modestly Undervalued with a price-to-GF-Value ratio of 0.82.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This insider sale might interest investors tracking insider behaviors as an indicator of confidence levels regarding the company's current valuation and future prospects.
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.
