On August 20, 2024, Joshua Scutt, Senior Vice President Sales at Paylocity Holding Corp (PCTY, Financial), completed a sale of 949 shares of the company’s stock at a price of $151.39 per share. This transaction was documented in an SEC filing. Following this sale, the insider now owns 43,317 shares of Paylocity Holding Corp.

Paylocity Holding Corp (PCTY, Financial) specializes in cloud-based payroll and human resource management software solutions for mid-sized businesses. This technology platform helps companies effectively manage their workforce.

Over the past year, Joshua Scutt has sold a total of 2,616 shares of the company’s stock and made no purchases. The general trend within Paylocity Holding Corp shows a pattern of insider selling, with 43 insider sales and no insider purchases during the same period.

Paylocity Holding Corp shares traded at $151.39 on the day of the sale, giving the company a market capitalization of around $8.5 billion. The stock’s price-to-earnings ratio is 42.05, which is above the industry median of 25.315.

According to the GF Value rating, Paylocity Holding Corp is significantly undervalued. The GF Value of $286.88 suggests a Price to GF Value ratio of 0.53, which indicates that the stock may be undervalued.

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 follow insider behavior as an indicator of the level of confidence regarding the company’s current valuation and future prospects.

This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.