Paylocity Holding Corp (NASDAQ: PCTY) has reported earnings for its fourth fiscal quarter (ending June 30) of $0.87 versus $0.67 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $3.68 versus $2.53 for the same period a year ago.
Recent Price Action
Paylocity Holding Corp (NASDAQ: PCTY) stock declined modestly by -1.2% on 8/1/24. The stock closed at $148.23. Moreover, trading volume in this decline was above average at 125% of normal. The stock has been weak relative to the market over the last nine months but has risen 4.2% during the last week.
Current PriceTarget Research Rating
PCTY’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Paylocity Holding has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Paylocity Holding has a slightly negative Appreciation Score of 38 and a poor Power Rating of 25, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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