Paylocity Holding Corp (NASDAQ: PCTY) stock enjoyed a major increase of 12.1% on 5/3/24. The shares closed at $167.63. Moreover, exceptionally high trading volume at 474% of normal accompanied the advance. The stock has risen 7.1% during the last week but has been weak relative to the market over the last nine months.
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 F (Lowest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Paylocity Holding has a poor Appreciation Score of 30 and a poor Power Rating of 29, producing the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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