Paylocity Holding Corporation (NASDAQ:PCTY) shares traded higher over the last trading session, gaining 1.11% on 02/12/21. The shares fell to a low of $202.57 before closing at $205.88. Intraday shares traded counted 0.19 million, which was 34.85% higher than its 30-day average trading volume of 297.98K. PCTY’s previous close was $203.62 while the outstanding shares total 54.31M. The firm has a beta of 1.26, a 12-month trailing P/E ratio of 171.71, and a growth ratio of 7.77. The stock’s Relative Strength Index (RSI) is 53.84, with weekly volatility at 3.45% and ATR at 7.81. The PCTY stock’s 52-week price range has touched low of $66.98 and a $218.34 high.
Investors have identified the Software – Application company Paylocity Holding Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $11.07 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Paylocity Holding Corporation (PCTY) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 2.5 billion total, with 2.27 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 1.08 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on PCTY sounds very interesting.
Is the stock of PCTY attractive?
In related news, SVP of Product and Technology, Gaty Edward W sold 10,000 shares of the company’s stock in a transaction that recorded on Feb 09. The sale was performed at an average price of 209.30, for a total value of 2,092,959. As the sale deal closes, the President and COO, Haske Michael R now sold 30,000 shares of the company’s stock, valued at 6,280,602. Also, Director, Sarowitz Steven I sold 400,000 shares of the company’s stock in a deal that was recorded on Dec 11. The shares were price at an average price of 180.50 per share, with a total market value of 72,200,000. Following this completion of acquisition, the Director, Pederson Robin Le now holds 170 shares of the company’s stock, valued at 32,863. In the last 6 months, insiders have changed their ownership in shares of company stock by 28.70%.
8 out of 17 analysts covering the stock have rated it a Buy, while 6 have maintained a Hold recommendation on Paylocity Holding Corporation. 0 analysts has assigned a Sell rating on the PCTY stock. The 12-month mean consensus price target for the company’s shares has been set at $219.64.