Investors in Paylocity Holding (NASDAQ:PCTY) Have Seen Solid Returns of 124% Over the Past Five Years
Investors in Paylocity Holding (NASDAQ:PCTY) Have Seen Solid Returns of 124% Over the Past Five Years
It hasn't been the best quarter for Paylocity Holding Corporation (NASDAQ:PCTY) shareholders, since the share price has fallen 25% in that time. But in stark contrast, the returns over the last half decade have impressed. We think most investors would be happy with the 124% return, over that period. So while it's never fun to see a share price fall, it's important to look at a longer time horizon. Ultimately business performance will determine whether the stock price continues the positive long term trend.
對於Paylocity Holding Corporation(納斯達克股票代碼:PCTY)股東來說,這並不是最好的季度,因爲當時股價下跌了25%。但與之形成鮮明對比的是,過去五年的回報給人留下了深刻的印象。我們認爲,在此期間,大多數投資者會對124%的回報感到滿意。因此,儘管看到股價下跌從來都不是一件好玩的事,但重要的是要從更長的時間跨度來看。歸根結底,業務表現將決定股價是否延續積極的長期趨勢。
So let's assess the underlying fundamentals over the last 5 years and see if they've moved in lock-step with shareholder returns.
因此,讓我們評估過去5年的基本面,看看它們是否與股東回報步調一致。
Check out our latest analysis for Paylocity Holding
查看我們對 Paylocity Holding 的最新分析
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
儘管一些人繼續教導高效市場假說,但事實證明,市場是反應過度的動態系統,投資者並不總是理性的。通過比較每股收益(EPS)和一段時間內的股價變化,我們可以了解投資者對公司的態度是如何隨着時間的推移而變化的。
During five years of share price growth, Paylocity Holding achieved compound earnings per share (EPS) growth of 23% per year. This EPS growth is higher than the 17% average annual increase in the share price. Therefore, it seems the market has become relatively pessimistic about the company. Having said that, the market is still optimistic, given the P/E ratio of 58.17.
在五年的股價增長中,Paylocity Holding實現了每年23%的每股複合收益(EPS)增長。每股收益的增長高於股價年平均增長17%。因此,看來市場對該公司已經變得相對悲觀了。話雖如此,鑑於市盈率爲58.17,市場仍然持樂觀態度。
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下圖中看到 EPS 隨時間推移的變化(點擊圖表查看確切值)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231128/0-bff0d4969d3a4681974170cccea91faa-0-9c238aaef9a8ffc0a09bca063c2f6a32.png/big)
We know that Paylocity Holding has improved its bottom line over the last three years, but what does the future have in store? It might be well worthwhile taking a look at our free report on how its financial position has changed over time.
我們知道Paylocity Holding在過去三年中提高了利潤,但是未來會發生什麼?可能值得一看我們關於其財務狀況如何隨着時間的推移而變化的免費報告。
A Different Perspective
不同的視角
While the broader market gained around 16% in the last year, Paylocity Holding shareholders lost 28%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. On the bright side, long term shareholders have made money, with a gain of 17% per year over half a decade. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. If you would like to research Paylocity Holding in more detail then you might want to take a look at whether insiders have been buying or selling shares in the company.
儘管去年整個市場上漲了約16%,但Paylocity Holding的股東下跌了28%。但是,請記住,即使是最好的股票有時也會在十二個月內表現遜於市場。好的一面是,長期股東已經賺了錢,在過去的五年中,每年收益17%。最近的拋售可能是一個機會,因此可能值得查看基本面數據以尋找長期增長趨勢的跡象。如果你想更詳細地研究Paylocity Holding,那麼你可能需要看看內部人士是在買入還是賣出該公司的股票。
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).
如果你想與管理層一起購買股票,那麼你可能會喜歡這份免費的公司名單。(提示:業內人士一直在購買它們)。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
請注意,本文引用的市場回報反映了目前在美國交易所交易的股票的市場加權平均回報。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。