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The price of Paylocity Holding Corp (NASDAQ: PCTY) closed at $163.79 in the last session, down -2.67% from day before closing price of $168.28. In other words, the price has decreased by -$2.67 from its previous closing price. On the day, 0.58 million shares were traded. PCTY stock price reached its highest trading level at $168.26 during the session, while it also had its lowest trading level at $163.71.
Ratios:
We take a closer look at PCTY’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.93. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 14 ’24 when Diehl Jeffrey T sold 22,938 shares for $167.01 per share. The transaction valued at 3,830,905 led to the insider holds 14,019 shares of the business.
Diehl Jeffrey T sold 600 shares of PCTY for $101,292 on Mar 14 ’24. The Director now owns 14,001 shares after completing the transaction at $168.82 per share. On Mar 13 ’24, another insider, Diehl Jeffrey T, who serves as the Director of the company, sold 24,702 shares for $169.81 each. As a result, the insider received 4,194,579 and left with 14,756 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 9242882048 and an Enterprise Value of 9356708864. As of this moment, Paylocity’s Price-to-Earnings (P/E) ratio for their current fiscal year is 47.75, and their Forward P/E ratio for the next fiscal year is 23.92. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.84. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.83 while its Price-to-Book (P/B) ratio in mrq is 8.41. Its current Enterprise Value per Revenue stands at 6.912 whereas that against EBITDA is 33.743.
Stock Price History:
Over the past 52 weeks, PCTY has reached a high of $230.52, while it has fallen to a 52-week low of $139.40. The 50-Day Moving Average of the stock is -0.88%, while the 200-Day Moving Average is calculated to be -5.80%.
Shares Statistics:
According to the various share statistics, PCTY traded on average about 487.19K shares per day over the past 3-months and 735250 shares per day over the past 10 days. A total of 55.91M shares are outstanding, with a floating share count of 44.02M. Insiders hold about 21.99% of the company’s shares, while institutions hold 77.52% stake in the company. Shares short for PCTY as of 1713139200 were 2744061 with a Short Ratio of 5.63, compared to 1710460800 on 2547510. Therefore, it implies a Short% of Shares Outstanding of 2744061 and a Short% of Float of 7.199999999999999.
