Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
In the latest session, Paylocity Holding Corp (NASDAQ: PCTY) closed at $156.16 down -1.71% from its previous closing price of $158.88. In other words, the price has decreased by -$1.71 from its previous closing price. On the day, 0.61 million shares were traded. PCTY stock price reached its highest trading level at $158.54 during the session, while it also had its lowest trading level at $153.07.
Ratios:
For a deeper understanding of Paylocity Holding Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 23.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.51. For the most recent quarter (mrq), Quick Ratio is recorded 1.09 and its Current Ratio is at 1.09. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.05.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 8949936128 and an Enterprise Value of 8657167360. As of this moment, Paylocity’s Price-to-Earnings (P/E) ratio for their current fiscal year is 52.87, and their Forward P/E ratio for the next fiscal year is 23.50. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.81 while its Price-to-Book (P/B) ratio in mrq is 8.91. Its current Enterprise Value per Revenue stands at 6.699 whereas that against EBITDA is 34.523.
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 -7.10%, while the 200-Day Moving Average is calculated to be -11.73%.
Shares Statistics:
For the past three months, PCTY has traded an average of 466.87K shares per day and 378490 over the past ten days. A total of 55.91M shares are outstanding, with a floating share count of 43.95M. Insiders hold about 21.99% of the company’s shares, while institutions hold 78.04% stake in the company. Shares short for PCTY as of 1711584000 were 2693695 with a Short Ratio of 5.77, compared to 1709164800 on 2572832. Therefore, it implies a Short% of Shares Outstanding of 2693695 and a Short% of Float of 7.0700005.
