With 0.78 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.44 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $213.09 whereas the lowest price it dropped to was $208.39. The 52-week range on PCTY shows that it touched its highest point at $213.98 and its lowest point at $129.94 during that stretch. It currently has a 1-year price target of $206.29. Beta for the stock currently stands at 0.93.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PCTY was up-trending over the past week, with a rise of 14.16%, but this was up by 28.95% over a month. Three-month performance surged to 36.09% while six-month performance rose 28.65%. The stock gained 41.44% in the past year, while it has gained 27.82% so far this year. A look at the trailing 12-month EPS for PCTY yields 3.91 with Next year EPS estimates of 7.15. For the next quarter, that number is 1.42. This implies an EPS growth rate of 0.49% for this year and 8.27% for next year. EPS is expected to grow by 12.48% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 30.16%.
Float and Shares Shorts:
At present, 55.51 million PCTY shares are outstanding with a float of 43.26 million shares on hand for trading. On 2024-10-15, short shares totaled 1.44 million, which was 258.99999 higher than short shares on 1726185600. In addition to Mr. Steven R. Beauchamp as the firm’s Executive Chairman of the Board, Mr. Toby J. Williams J.D. serves as its President, CEO & Director.
Institutional Ownership:
Through their ownership of 0.79750997 of PCTY’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2021-06-30, PCTY reported revenue of $317586000.0 and operating income of $41189000.0. The EBITDA in the recently reported quarter was $62741000.0 and diluted EPS was $0.61.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PCTY since 15 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 7 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PCTY analysts setting a high price target of 220.0 and a low target of 179.12, the average target price over the next 12 months is 202.12. Based on these targets, PCTY could surge 4.41% to reach the target high and fall by -14.99% to reach the target low. Reaching the average price target will result in a decline of -4.08% from current levels.
Analysts have provided yearly estimates in a range of $6.48578 being high and $6.27559 being low. For PCTY, this leads to a yearly average estimate of $6.35566. The surprise factor in the prior quarter was $1.29. Based on analyst estimates, the high estimate for the next quarter is $2.34 and the low estimate is $1.97. The average estimate for the next quarter is thus $2.11.
