Stock Rating Downgrade
The Value Trend Rating for Paylocity Holding Corp (NASDAQ: PCTY) weakened recently from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 12/15/23, Paylocity Holding Corp (NASDAQ: PCTY) stock declined slightly by -0.07%, closing at $165.25. Moreover, this decline was accompanied by exceptionally high trading volume at 241% of normal. The stock has performed in line with the market over the last nine months and has risen 7.6% 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). With this rating, PTR's two proprietary measures of a stock's current attractiveness are providing consistent signals. Paylocity Holding has a neutral Power Rating of 48 and a slightly negative Appreciation Score of 32, leading to the Negative Value Trend Rating.