Paylocity Holding Corp (NASDAQ: PCTY) has reported earnings for its third fiscal quarter (ending March 31) of $1.51 versus $1.03 for the same period a year ago — an increase of 47%. However, this performance was $-0.73 short of the consensus estimate of $2.24. For the latest four quarters through March 31, E.P.S. were $3.48 compared to $2.13 a year ago — an increase of 63%.
Recent Price Action
Paylocity Holding Corp (NASDAQ: PCTY) stock closed at $149.60 on 5/2/24 after a slight gain of 0.2%. Moreover, this advance was accompanied by exceptionally high trading volume at 334% of normal. The stock has been weak relative to the market over the last nine months and has declined -4.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, PCTY is expected to continue to be a major Value Builder.
Paylocity Holding has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Paylocity Holding has a slightly negative Appreciation Score of 33 and a poor Power Rating of 29, and the Lowest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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