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. The stock was recently discussed on Yahoo Finance as it revealed that 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. The current market capitalization of Paylocity Holding Corp is $9.99B. A total of 0.57 million shares were traded on the day, compared to an average of 555.42K 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 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 22 BUYs and 210 SELLs from insiders. Insiders purchased 182,023 shares during that period but sold 912,439.
In the most recent transaction, Williams Toby J. sold 8,000 shares of PCTY for 169.15 per share on Feb 13. After the transaction, the President and Co-CEO now owns 113,653 company shares. In a previous transaction on Feb 12, Beauchamp Steven R sold 30,000 shares at 175.00 per share. PCTY shares that Co-Chief Executive Officer owns now total 1,747,456.
Among the insiders who sold shares, Sarowitz Steven I disposed of 24,504 shares on Feb 12 at a per-share price of $175.47. This resulted in the Director holding 9,587,872 shares of PCTY after the transaction. In another insider transaction, Glenn Ryan sold 1,400 shares at $163.47 per share on Jan 10. Company shares held by the CFO and Treasurer now total 34,152.
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 $191.89 with high estimates of $250.00 and low estimates of $155.00. In terms of 52-week highs and lows, PCTY has a high of $230.52 and a low of $139.40.
As of this writing, PCTY has an earnings estimate of $1.97 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $2.17 per share and a lower estimate of $1.79. The company reported an EPS of $1.4 in the last quarter, which was 22.80% 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 $17.52, 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 4.22.
