In the past week, PCTY stock has gone down by -6.90%, with a monthly decline of -12.38% and a quarterly plunge of -8.89%. The volatility ratio for the week is 2.70%, and the volatility levels for the last 30 days are 2.61% for Paylocity Holding Corp The simple moving average for the last 20 days is -9.54% for PCTY stock, with a simple moving average of -16.85% for the last 200 days.
Is It Worth Investing in Paylocity Holding Corp (NASDAQ: PCTY) Right Now?
Paylocity Holding Corp (NASDAQ: PCTY) has a price-to-earnings ratio that is above its average at 49.36x. The stock has a 36-month beta value of 0.93. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 5 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for PCTY is 43.95M, and at present, short sellers hold a 6.24% of that float. On May 02, 2024, the average trading volume of PCTY was 464.94K shares.
PCTY) stock’s latest price update
Paylocity Holding Corp (NASDAQ: PCTY)’s stock price has plunge by -2.33relation to previous closing price of 149.24. Nevertheless, the company has seen a -6.90% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-01 that Here we take a sneak peek at four stocks in the Zacks Computer and Technology sector due to report first-quarter 2024 earnings on May 2.
Analysts’ Opinion of PCTY
Many brokerage firms have already submitted their reports for PCTY stocks, with BTIG Research repeating the rating for PCTY by listing it as a “Buy.” The predicted price for PCTY in the upcoming period, according to BTIG Research is $200 based on the research report published on February 06, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see PCTY reach a price target of $180, previously predicting the price at $240. The rating they have provided for PCTY stocks is “Hold” according to the report published on January 05th, 2024.
UBS gave a rating of “Neutral” to PCTY, setting the target price at $160 in the report published on November 07th of the previous year.
PCTY Trading at -12.13% from the 50-Day Moving Average
After a stumble in the market that brought PCTY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -36.76% of loss for the given period.
Volatility was left at 2.61%, however, over the last 30 days, the volatility rate increased by 2.70%, as shares sank -12.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.89% lower at present.
During the last 5 trading sessions, PCTY fell by -7.94%, which changed the moving average for the period of 200-days by -35.61% in comparison to the 20-day moving average, which settled at $160.08. In addition, Paylocity Holding Corp saw -11.57% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PCTY starting from Diehl Jeffrey T, who sale 22,938 shares at the price of $167.01 back on Mar 14 ’24. After this action, Diehl Jeffrey T now owns 14,019 shares of Paylocity Holding Corp, valued at $3,830,905 using the latest closing price.
Diehl Jeffrey T, the Director of Paylocity Holding Corp, sale 600 shares at $168.82 during a trade that took place back on Mar 14 ’24, which means that Diehl Jeffrey T is holding 14,001 shares at $101,292 based on the most recent closing price.
Stock Fundamentals for PCTY
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.69 for the gross margin
The net margin for Paylocity Holding Corp stands at 0.13. The total capital return value is set at 0.21. Equity return is now at value 20.13, with 3.97 for asset returns.
Based on Paylocity Holding Corp (PCTY), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at 5.77. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -1313.24.
Currently, EBITDA for the company is 215.89 million with net debt to EBITDA at -1.07. When we switch over and look at the enterprise to sales, we see a ratio of 6.13. The receivables turnover for the company is 39.79for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.09.
Conclusion
To sum up, Paylocity Holding Corp (PCTY) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
