|Bid||124.44 x 900|
|Ask||155.00 x 900|
|Day's Range||145.18 - 152.70|
|52 Week Range||66.98 - 156.00|
|Beta (5Y Monthly)||1.59|
|PE Ratio (TTM)||131.94|
|Earnings Date||Oct 28, 2020 - Nov 02, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||147.31|
Paylocity (NASDAQ: PCTY), a leading provider of cloud-based HR and payroll software solutions, today announces new Premium Video capabilities within its platform. With the modern workforce craving solutions to enable flexible communication, Premium Video is a new offering in Paylocity's product suite that is poised to meet employee needs. The video solution is now integrated into a variety of Paylocity solutions, including Community, Performance Journals, Surveys, Recruiting and Onboarding.
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
In the current session, Paylocity Holding Inc. (NASDAQ: PCTY) is trading at $144.93, after a 2.20% increase. Over the past month, the stock increased by 9.08%, and in the past year, by 53.18%. With performance like this, long-term shareholders optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently below from its 52 week high by 7.10%.The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against its past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also shows that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future.View more earnings on PCTYDepending on the particular phase of a business cycle, some industries will perform better than others.Compared to the aggregate P/E ratio of 40.21 in the Software--Application industry, Paylocity Holding Inc. has a higher P/E ratio of 123.3. Shareholders might be inclined to think that Paylocity Holding Inc. might perform better than its industry group. It's also possible that the stock is overvalued.P/E ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors may not be able to attain key insights from trailing earnings.See more from Benzinga * Insider Buys Oaktree Strategic Income's Shares * GigaMedia Shares Moving After An Insider Files A SEC Form 4 * Insider Buys Oaktree Specialty Lending's Shares(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.