Paylocity Holding Corp [PCTY] stock is trading at $164.19, up 0.99%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PCTY shares have gain 4.56% over the last week, with a monthly amount glided 7.26%, 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 [PCTY] stock has fluctuated between $129.94 and $206.28 over the past year. Currently, Wall Street analysts expect the stock to reach $215 within the next 12 months. Paylocity Holding Corp [NASDAQ: PCTY] shares were valued at $164.19 at the most recent close of the market. An investor can expect a potential return of 30.95% based on the average PCTY price forecast.
Analyzing the PCTY fundamentals
Paylocity Holding Corp [NASDAQ:PCTY] reported sales of 1.40B for the trailing twelve months, which represents a growth of 15.83%. 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 162.47 points at the first support level, and at 160.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 165.08, and for the 2nd resistance point, it is at 165.98.
Ratios To Look Out For
For context, Paylocity Holding Corp’s Current Ratio is 1.10. In addition, the Quick Ratio stands at 1.10 and the Cash Ratio stands at 0.13. Considering the valuation of this stock, the price to sales ratio is 6.51, the price to book ratio is 8.82 and price to earnings (TTM) ratio is 45.22.
Transactions by insiders
Recent insider trading involved WATERS RONALD V, Director, that happened on Sep 17 ’24 when 600.0 shares were sold. Director, WATERS RONALD V completed a deal on Sep 17 ’24 to buy 600.0 shares. Meanwhile, Officer KATHERINE E ROSS bought 497.0 shares on Sep 06 ’24.
