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The closing price of Paylocity Holding Corp (NASDAQ: PCTY) was $148.23 for the day, down -1.23% from the previous closing price of $150.07. In other words, the price has decreased by -$1.23 from its previous closing price. On the day, 0.72 million shares were traded. PCTY stock price reached its highest trading level at $155.94 during the session, while it also had its lowest trading level at $146.51.
Ratios:
Our analysis of PCTY’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.46. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 1.10. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.04.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BTIG Research on February 06, 2024, initiated with a Buy rating and assigned the stock a target price of $200.
On January 05, 2024, Jefferies Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $240 to $180.
On November 07, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $160.UBS initiated its Neutral rating on November 07, 2023, with a $160 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jul 22 ’24 when Beauchamp Steven R sold 49,442 shares for $142.68 per share. The transaction valued at 7,054,490 led to the insider holds 1,745,022 shares of the business.
Glenn Ryan sold 1,400 shares of PCTY for $196,084 on Jul 15 ’24. The CFO and Treasurer now owns 31,074 shares after completing the transaction at $140.06 per share. On Jun 17 ’24, another insider, Rost Nicholas, who serves as the VP & Chief Accounting Officer of the company, sold 331 shares for $138.73 each. As a result, the insider received 45,920 and left with 4,751 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PCTY now has a Market Capitalization of 8364811264 and an Enterprise Value of 8225262592. As of this moment, Paylocity’s Price-to-Earnings (P/E) ratio for their current fiscal year is 43.21, and their Forward P/E ratio for the next fiscal year is 19.91. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.18 while its Price-to-Book (P/B) ratio in mrq is 7.61. Its current Enterprise Value per Revenue stands at 6.076 whereas that against EBITDA is 29.663.
Stock Price History:
Over the past 52 weeks, PCTY has reached a high of $227.24, while it has fallen to a 52-week low of $129.94. The 50-Day Moving Average of the stock is 3.83%, while the 200-Day Moving Average is calculated to be -6.73%.
Shares Statistics:
PCTY traded an average of 605.97K shares per day over the past three months and 472800 shares per day over the past ten days. A total of 55.91M shares are outstanding, with a floating share count of 44.08M. Insiders hold about 21.89% of the company’s shares, while institutions hold 80.65% stake in the company. Shares short for PCTY as of 1721001600 were 2165393 with a Short Ratio of 3.57, compared to 1718323200 on 2664041. Therefore, it implies a Short% of Shares Outstanding of 2165393 and a Short% of Float of 5.6700002.
