Director Ronald Waters executed a sale of 600 shares of Paylocity Holding Corp (PCTY, Financial) on September 17, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 9,060 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 aids businesses in managing their workforce effectively.
Over the past year, Ronald Waters has engaged in the sale of 600 shares and has not purchased any shares. The broader insider transaction trend at Paylocity Holding Corp shows a total of 35 insider sales and no insider buys over the same period.
On the date of the latest transaction, shares of Paylocity Holding Corp were priced at $156.91, resulting in a market cap of approximately $9.08 billion. The price-earnings ratio of the company stands at 44.88, which is above the industry median of 25.83.
The stock's valuation according to the GF Value is $288.19, indicating a price-to-GF-Value ratio of 0.54. This suggests that Paylocity Holding Corp is significantly undervalued. The GF Value is derived from historical trading multiples, a GuruFocus adjustment factor based on past performance, and future business performance estimates from analysts.
This insider sale comes at a time when the stock appears undervalued, raising questions about the insider's future expectations for the company. Investors often monitor insider transactions as they can provide insights into the company's prospects from those who know the business best.
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.
