On August 14, 2024, Toby Williams, President and CEO of Paylocity Holding Corp (NASDAQ:PCTY), sold 8,000 shares of the company’s stock. The transaction was documented in an SEC filing. Following this sale, the insider now owns 99,601 shares of Paylocity Holding Corp.
Paylocity Holding Corp, based in Schaumburg, Illinois, provides cloud-based payroll and human resource management software solutions for mid-sized businesses. Services include payroll, human resource management, and employee benefits administration, among others.
Over the last year, Toby Williams has sold a total of 16,000 shares and bought no shares of the company. This latest transaction is part of a broader trend within the company, where there were 43 insider sales and no insider purchases over the last year.
Paylocity Holding Corp.’s share price was $148.82 on the day of sale. The company has a market capitalization of around $8.54 billion. Its price-to-earnings ratio is 42.84, which is higher than the industry average of 25.32.
According to GF Value, the intrinsic value of Paylocity Holding Corp stock is estimated at $287.11, which suggests that the stock is significantly undervalued with a Price to GF Value ratio of 0.52.
The GF value is calculated based on historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio and price-free cash flow, adjusted for the company’s past performance and expected future business results.
This insider sale may be of interest to investors who track insider behavior as an indicator of the company’s future performance and valuation adjustments.
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