On February 13th, 2024, Toby Williams, the President and co-CEO of Paylocity Holding Corp (NASDAQ: PCTY), completed a transaction involving 8,000 shares of the company’s stock. This action, documented with the SEC, offers detailed insight into recent company developments.
On the day of the aforementioned sale, Paylocity Holding Corp shares were valued at $169.15, resulting in a market capitalization of $9.856 billion. The stock’s price-earnings ratio currently sits at 59.10, surpassing the industry median of 26.71 yet falling below the company’s historical average.
In the preceding year, insider activity has depicted a consistent trend, with a total of 16,000 shares sold and no corresponding purchases. This pattern is reflected in the broader context of Paylocity Holding Corp’s insider transactions, which have seen 40 sales and no buys within the same timeframe.
Paylocity Holding Corp specializes in delivering cloud-based solutions for payroll and human capital management, catering primarily to medium-sized enterprises.
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