During the last session, Paylocity Holding Corporation (NASDAQ:PCTY)’s traded shares were 0.4 million, with the beta value of the company hitting 1.28. At the end of the trading day, the stock’s price was $169.98, reflecting an intraday gain of 5.79% or $9.31. The 52-week high for the PCTY share is $314.49, that puts it down -85.02 from that peak though still a striking 10.01% gain since the share price plummeted to a 52-week low of $152.97. The company’s market capitalization is $9.74B, and the average intraday trading volume over the past 10 days was 0.43 million shares, and the average trade volume was 248.56K shares over the past three months.
Paylocity Holding Corporation (PCTY) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 2.10. PCTY has a Sell rating from 0 analyst(s) out of 17 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 12 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.4.
Paylocity Holding Corporation (NASDAQ:PCTY) trade information
Paylocity Holding Corporation (PCTY) registered a 5.79% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 5.79% in intraday trading to $169.98 this Friday, 05/13/22, hitting a weekly high. The stock’s 5-day price performance is -6.39%, and it has moved by -17.25% in 30 days. Based on these gigs, the overall price performance for the year is 4.37%. The short interest in Paylocity Holding Corporation (NASDAQ:PCTY) is 0.54 million shares and it means that shorts have 1.59 day(s) to cover.
The consensus price target of analysts on Wall Street is $246.47, which implies an increase of 31.03% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $185.00 and $325.00 respectively. As a result, PCTY is trading at a discount of -91.2% off the target high and -8.84% off the low.
Paylocity Holding Corporation (PCTY) estimates and forecasts
Statistics show that Paylocity Holding Corporation has outperformed its competitors in share price, compared to the industry in which it operates. Paylocity Holding Corporation (PCTY) shares have gone down -35.96% during the last six months, with a year-to-date growth rate more than the industry average at 40.76% against 4.80. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 2.60% this quarter and then jump 4.50% in the quarter after that. In the rating firms’ projections, revenue will increase 28.60% compared to the previous financial year.
Revenue for the current quarter is expected to be $187.86 million as predicted by 14 analyst(s). Meanwhile, a consensus of 14 analyst(s) estimates revenue growth to $240.07 million by the end of Mar 2022.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 79.50%. While earnings are projected to return 8.90% in 2022, the next five years will return 20.00% per annum.
Paylocity Holding Corporation is due to release its next quarterly earnings between February 02 and February 07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Paylocity Holding Corporation (NASDAQ:PCTY)’s Major holders
Paylocity Holding Corporation insiders own 26.61% of total outstanding shares while institutional holders control 72.37%, with the float percentage being 98.62%. Price (T.Rowe) Associates Inc is the largest shareholder of the company, while 459 institutions own stock in it. As of Sep 29, 2021, the company held over 7.89 million shares (or 14.34% of all shares), a total value of $2.21 billion in shares.
The next largest institutional holding, with 3.91 million shares, is of Blackrock Inc.’s that is approximately 7.11% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $1.1 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Paylocity Holding Corporation (PCTY) shares are Price (T.Rowe) New Horizons Fund and Vanguard Total Stock Market Index Fund. Data provided on Sep 29, 2021 indicates that Price (T.Rowe) New Horizons Fund owns about 5.35 million shares. This amounts to just over 9.72 percent of the company’s overall shares, with a $1.5 billion market value. The same data shows that the other fund manager holds slightly less at 1.09 million, or about 1.97% of the stock, which is worth about $304.42 million.