The price-to-earnings ratio for Paylocity Holding Corp (NASDAQ: PCTY) is above average at 48.87x, Company’s 36-month beta value is 0.93.Analysts have differing opinions on the stock, 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 currently, short sellers hold a 6.24% ratio of that floaft. The average trading volume of PCTY on May 06, 2024 was 479.35K shares.
PCTY) stock’s latest price update
Paylocity Holding Corp (NASDAQ: PCTY)’s stock price has soared by 12.05 in relation to previous closing price of 149.60. Nevertheless, the company has seen a gain of 6.73% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-03 that Paylocity’s (PCTY) third-quarter fiscal 2024 earnings and revenues benefit from operational cost control and better sales execution.
PCTY’s Market Performance
Paylocity Holding Corp (PCTY) has experienced a 6.73% rise in stock performance for the past week, with a 1.24% rise in the past month, and a 2.65% rise in the past quarter. The volatility ratio for the week is 5.18%, and the volatility levels for the past 30 days are at 3.22% for PCTY. The simple moving average for the past 20 days is 4.54% for PCTY’s stock, with a -4.18% simple moving average for the past 200 days.
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 1.34% 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 -27.28% of loss for the given period.
Volatility was left at 3.22%, however, over the last 30 days, the volatility rate increased by 5.18%, as shares surge +1.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.68% lower at present.
During the last 5 trading sessions, PCTY rose by +6.73%, which changed the moving average for the period of 200-days by -25.48% in comparison to the 20-day moving average, which settled at $160.48. In addition, Paylocity Holding Corp saw 1.69% in overturn over a single year, with a tendency to cut further gains.
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:
- 0.18 for the present operating margin
- 0.69 for the gross margin
The net margin for Paylocity Holding Corp stands at 0.14. The total capital return value is set at 0.21. Equity return is now at value 20.90, with 4.27 for asset returns.
Based on Paylocity Holding Corp (PCTY), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 6.7. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is 254.01.
Currently, EBITDA for the company is 215.89 million with net debt to EBITDA at -1.37. When we switch over and look at the enterprise to sales, we see a ratio of 6.65. The receivables turnover for the company is 40.15for trailing twelve months and the total asset turnover is 0.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.10.
Conclusion
In a nutshell, Paylocity Holding Corp (PCTY) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
