Searching For Real Value In Market Debris At Paylocity Holding Corp (NASDAQ: PCTY)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Yahoo Finance discussed the stock recently as it posted Paylocity Announces Second Quarter Fiscal Year 2024 Financial Results.

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Stocks Info

As a NASDAQ listed company, PCTY falls under the Technology sector while operating within the Software – Application industry segment. At the end of the last regular session, the stock closed at $171.91 and fluctuated between $174.02 as its day high and $165.19 as its day low. The current market capitalization of Paylocity Holding Corp is $9.66B. A total of 1.39 million shares were traded on the day, compared to an average of 505.10K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, PCTY has seen 0 BUY and 12 SELL insider trades, representing the acquisition of 0 and the disposition of 55,776 shares. Over the last 12 months, there were 22 BUYs and 229 SELLs from insiders. Insiders purchased 182,023 shares during that period but sold 998,737.

In the most recent transaction, Glenn Ryan sold 1,400 shares of PCTY for 163.47 per share on Jan 10. After the transaction, the CFO and Treasurer now owns 34,152 company shares. In a previous transaction on Dec 15, Ross Katherine sold 2,233 shares at 166.09 per share. PCTY shares that Sr Vice President Operations owns now total 16,517.

Among the insiders who sold shares, Lohani Rachit disposed of 119 shares on Dec 05 at a per-share price of $156.81. This resulted in the Chief Technology Officer holding 45,775 shares of PCTY after the transaction. In another insider transaction, Sarowitz Steven I sold 5,475 shares at $160.11 per share on Dec 04. Company shares held by the Director now total 9,612,376.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for PCTY in the last 3 months, the mean price target is $201.84 with high estimates of $280.00 and low estimates of $160.00. In terms of 52-week highs and lows, PCTY has a high of $233.54 and a low of $139.40.

As of this writing, PCTY has an earnings estimate of $1.28 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $1.48 per share and a lower estimate of $1.11. The company reported an EPS of $1.32 in the last quarter, which was 15.80% higher than expectations of $1.14.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. PCTY’s latest balance sheet shows that the firm has $139.76M in Cash & Short Term Investments as of fiscal 2022. There were $77.52M in debt and $4.12B in liabilities at the time. Its Book Value Per Share was $15.89, while its Total Shareholder’s Equity was $613.46M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PCTY is Buy with a score of 4.18.

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