Rep. Robert Bresnahan, Jr. Sells Paylocity Holding Co. (NASDAQ:PCTY) Shares

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Paylocity Holding Co. (NASDAQ:PCTY). In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Paylocity stock on January 13th. The trade occurred in the Representative’s “JOINT OWNERSHIP LPL ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Lowe’s Companies (NYSE:LOW) on 2/7/2025.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 2/3/2025.
• Purchased $1,001 – $15,000 in shares of Take-Two Interactive Software (NASDAQ:TTWO) on 2/3/2025.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 2/3/2025.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of Manhattan Associates (NASDAQ:MANH) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 1/29/2025.

Paylocity Stock Down 0.3 %

Shares of PCTY opened at $216.96 on Friday. The firm has a 50 day simple moving average of $201.72 and a two-hundred day simple moving average of $183.04. The company has a market cap of $12.10 billion, a P/E ratio of 55.63, a P/E/G ratio of 5.19 and a beta of 0.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.32 and a quick ratio of 1.32. Paylocity Holding Co. has a one year low of $129.94 and a one year high of $223.80.

Paylocity (NASDAQ:PCTY) last announced its quarterly earnings results on Thursday, February 6th. The software maker reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.60). Paylocity had a return on equity of 22.93% and a net margin of 14.76%. Research analysts forecast that Paylocity Holding Co. will post 4.46 EPS for the current fiscal year.

Insider Activity

In other news, CAO Nicholas Rost sold 212 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $193.29, for a total transaction of $40,977.48. Following the transaction, the chief accounting officer now owns 7,364 shares in the company, valued at approximately $1,423,387.56. This represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Andrew Cappotelli sold 247 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $193.29, for a total transaction of $47,742.63. Following the completion of the sale, the senior vice president now owns 14,634 shares in the company, valued at $2,828,605.86. This represents a 1.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 126,434 shares of company stock worth $25,636,985. Company insiders own 21.91% of the company’s stock.

Institutional Trading of Paylocity

A number of institutional investors have recently bought and sold shares of PCTY. Sanctuary Advisors LLC bought a new stake in Paylocity during the second quarter valued at $194,000. UMB Bank n.a. raised its holdings in shares of Paylocity by 1,650.0% during the third quarter. UMB Bank n.a. now owns 175 shares of the software maker’s stock valued at $29,000 after purchasing an additional 165 shares during the period. Creative Planning acquired a new position in shares of Paylocity during the third quarter valued at about $267,000. NBC Securities Inc. acquired a new position in shares of Paylocity during the third quarter valued at about $290,000. Finally, Aaron Wealth Advisors LLC acquired a new position in shares of Paylocity during the third quarter valued at about $278,000. Institutional investors own 94.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PCTY. TD Cowen lowered their price target on shares of Paylocity from $235.00 to $228.00 and set a “buy” rating for the company in a report on Monday, January 6th. Jefferies Financial Group upped their price target on shares of Paylocity from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Needham & Company LLC boosted their price objective on shares of Paylocity from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Mizuho raised shares of Paylocity from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $200.00 to $235.00 in a research note on Friday, January 31st. Finally, StockNews.com cut shares of Paylocity from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Paylocity presently has an average rating of “Moderate Buy” and a consensus target price of $233.25.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About Paylocity

Paylocity Holding Corporation engages in the provision of cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers payroll software solution for global payroll, expense management, tax services, on demand payment, and garnishment managed services; and time and labor management software for time and attendance, scheduling, and time collection.