Paylocity Holding Corp [PCTY] stock prices are up 1.24% to $178.16 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PCTY shares have gain 2.89% over the last week, with a monthly amount glided 9.39%, 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 October 22, 2024, when Jefferies upgraded its rating to a Buy and also boosted its price target to $200 from $145. Previously, BTIG Research started tracking the stock with Buy rating on February 06, 2024, and set its price target to $200. On January 05, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $180 on the stock. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $160 on November 07, 2023. BofA Securities initiated its recommendation with a Neutral and recommended $210 as its price target on October 26, 2023. Barclays started tracking with a Equal Weight rating for this stock on May 30, 2023, and assigned it a price target of $199. In a note dated March 30, 2023, DA Davidson upgraded an Buy rating on this stock but restated the target price of $245.
The stock price of Paylocity Holding Corp [PCTY] has been fluctuating between $129.94 and $184.77 over the past year. Currently, Wall Street analysts expect the stock to reach $213.93 within the next 12 months. Paylocity Holding Corp [NASDAQ: PCTY] shares were valued at $178.16 at the most recent close of the market. An investor can expect a potential return of 20.08% based on the average PCTY price forecast.
Analyzing the PCTY fundamentals
The Paylocity Holding Corp [NASDAQ:PCTY] reported sales of 1.40B for trailing twelve months, representing a surge of 15.83%. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.21 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.34.
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 174.87 points at the first support level, and at 171.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 181.47, and for the 2nd resistance point, it is at 184.78.
Ratios To Look Out For
It’s worth pointing out that Paylocity Holding Corp [NASDAQ:PCTY]’s Current Ratio is 1.10. Also, the Quick Ratio is 1.10, while the Cash Ratio stands at 4.53. Considering the valuation of this stock, the price to sales ratio is 7.08, the price to book ratio is 9.57 and price to earnings (TTM) ratio is 49.07.
Transactions by insiders
Recent insider trading involved ANDREW CAPPOTELLI, Officer, that happened on Oct 04 ’24 when 1508.0 shares were purchased. Officer, JOSHUA MICHAEL SCUTT completed a deal on Oct 04 ’24 to buy 1975.0 shares. Meanwhile, Senior Vice President Lohani Rachit sold 658.0 shares on Oct 02 ’24.
