A share price of Paylocity Holding Corp [PCTY] is currently trading at $161.03, down -0.43%. An important factor to consider is whether the stock is rising or falling in short-term value. The PCTY shares have gain 4.15% over the last week, with a monthly amount glided 8.33%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Paylocity Holding Corp [NASDAQ: PCTY] stock has seen the most recent analyst activity on February 06, 2024, when BTIG Research initiated its Buy rating and assigned the stock a price target of $200. Previously, Jefferies downgraded its rating to Hold on January 05, 2024, and dropped its price target to $180. On November 07, 2023, UBS initiated with a Neutral rating and assigned a price target of $160 on the stock. BofA Securities started tracking the stock assigning a Neutral rating and suggested a price target of $210 on October 26, 2023. Barclays initiated its recommendation with a Equal Weight and recommended $199 as its price target on May 30, 2023. DA Davidson upgraded its rating to Buy for this stock on March 30, 2023, but kept the price target unchanged to $245. In a note dated October 28, 2022, DA Davidson downgraded an Neutral rating on this stock but restated the target price of $250.
Paylocity Holding Corp experienced fluctuations in its stock price throughout the past year between $129.94 and $206.28. Currently, Wall Street analysts expect the stock to reach $218.33 within the next 12 months. Paylocity Holding Corp [NASDAQ: PCTY] shares were valued at $161.03 at the most recent close of the market. An investor can expect a potential return of 35.58% based on the average PCTY price forecast.
Analyzing the PCTY fundamentals
Trailing Twelve Months sales for Paylocity Holding Corp [NASDAQ:PCTY] were 1.40B which represents 15.83% growth. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.21 and Total Capital is 0.23. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.05.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 158.61 points at the first support level, and at 156.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 163.94, and for the 2nd resistance point, it is at 166.86.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Paylocity Holding Corp [NASDAQ:PCTY] is 1.10. On the other hand, the Quick Ratio is 1.10, and the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 6.38, the price to book ratio is 8.65 and price to earnings (TTM) ratio is 44.35.
Transactions by insiders
Recent insider trading involved Rost Nicholas, VP CAO & Treasurer, that happened on Aug 20 ’24 when 130.0 shares were sold. Senior Vice President Sales, Scutt Joshua completed a deal on Aug 20 ’24 to sell 949.0 shares. Meanwhile, VP CAO & Treasurer Rost Nicholas sold 385.0 shares on Aug 19 ’24.
