Senior Vice President Sales Joshua Scutt executed a sale of 1,975 shares of Paylocity Holding Corp (PCTY, Financial) on October 4, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 41,716 shares of the company.
Paylocity Holding Corp provides cloud-based payroll and human capital management software solutions for medium-sized organizations in the United States. The company's services include payroll processing, human resources management, and employee benefits administration, among others.
Over the past year, Joshua Scutt has sold a total of 2,924 shares and has not made any purchases. This recent transaction is part of a broader trend observed within the company, where there have been 38 insider sells and no insider buys over the same period.
Shares of Paylocity Holding Corp were priced at $170 on the day of the transaction, giving the company a market cap of approximately $9.22 billion. The price-earnings ratio stands at 45.60, which is above the industry median of 26.675.
According to the GF Value, the intrinsic value of Paylocity Holding Corp is estimated at $289.60 per share, suggesting that the stock is Significantly Undervalued with a price-to-GF-Value ratio of 0.59.
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 sale by the insider might be of interest to current and potential investors, providing insight into insider confidence and valuation perspectives at Paylocity Holding Corp.
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.
