Director and 10% Owner Steven Sarowitz has sold 24,504 shares of Paylocity Holding Corp (PCTY, Financial) on February 12, 2024, according to a recent SEC Filing. Paylocity Holding Corp is a provider of cloud-based payroll and human capital management software solutions for medium-sized organizations. This transaction has been part of a series of sales by the insider over the past year.
Over the past year, the insider has sold a total of 806,568 shares and has not made any purchases of the company's stock. The insider transaction history for Paylocity Holding Corp shows a pattern of 39 insider sells and no insider buys over the same timeframe.
On the day of the insider's recent sale, shares of Paylocity Holding Corp were trading at $175.47, giving the company a market capitalization of $9.688 billion. The price-earnings ratio of the stock stands at 58.11, which is above the industry median of 26.57 but below the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 0.54, with a GF Value of $324.52, indicating that Paylocity Holding Corp is significantly undervalued according to GuruFocus's valuation model. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from Morningstar analysts.
The insider trend image above reflects the recent selling activity by insiders of Paylocity Holding Corp.
The GF Value image above provides an intrinsic value estimate for Paylocity Holding Corp, suggesting that the stock may be significantly undervalued at its current trading price.
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.
