A share price of Paylocity Holding Corp [PCTY] is currently trading at $191.76, up 3.90%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PCTY shares have gain 10.37% over the last week, with a monthly amount glided 14.93%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
Paylocity Holding Corp experienced fluctuations in its stock price throughout the past year between $129.94 and $192.61. Currently, Wall Street analysts expect the stock to reach $216.64 within the next 12 months. Paylocity Holding Corp [NASDAQ: PCTY] shares were valued at $191.76 at the most recent close of the market. An investor can expect a potential return of 12.97% based on the average PCTY price forecast.
Analyzing the PCTY fundamentals
Trailing Twelve Months sales for Paylocity Holding Corp [NASDAQ:PCTY] were 1.45B which represents 14.29% growth. 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 186.01 points at the first support level, and at 180.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 194.86, and for the 2nd resistance point, it is at 197.96.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Paylocity Holding Corp [NASDAQ:PCTY] is 1.28. Further, the Quick Ratio stands at 1.28, while the Cash Ratio is 4.53. Considering the valuation of this stock, the price to sales ratio is 7.67, the price to book ratio is 9.66 and price to earnings (TTM) ratio is 49.11.
Transactions by insiders
Recent insider trading involved Steven I Sarowitz, Affiliate, that happened on Oct 31 ’24 when 0.35 million shares were purchased. Officer, ANDREW CAPPOTELLI completed a deal on Oct 04 ’24 to buy 1508.0 shares. Meanwhile, Officer JOSHUA MICHAEL SCUTT bought 1975.0 shares on Oct 04 ’24.
