PCTY Short IdeaPaylocity reported its Q2 FY2024 results in line with expectations, but there are a few areas that might signal potential challenges or areas of concern for the company and its investors. Despite a 19.5% year-over-year increase in revenue to $326.4 million, Paylocity's guidance for the next quarter
52,628.571
0.001 BRL
1.03 B BRL
7.01 B BRL
About Paylocity Holding Corporation
Sector
Industry
CEO
Toby J. Williams
Website
Headquarters
Schaumburg
Founded
1997
ISIN
BRP2CYBDR000
FIGI
BBG014XJVGK0
Paylocity Holding Corp. engages in the development and provision of cloud-based software solutions. It offers cloud-based payroll, human capital management applications, time labor tracking, benefits administration, and talent management. The company was founded by Steve I. Sarowitz in 1997 and is headquartered in Schaumburg, IL.
Paylocity future?Paylocity, a payroll provider leveraging cloud technology to provide services generates a decent margin 60 - 70% typically. I generates a little over a billion dollars a year but commands $10 billion market cap.
The Price to Earnings ratio has been steadily coming down over the years to 55 - 60. T
Are you looking for stocks to buy? I am $PCTY $CCRNThe thing is, I'm buying very small positions.
I use the averages like the SP:SPX and NASDAQ:IXIC more like a sentiment measure. The averages are that, averages. They don't account for the whole market.
There will always be stocks rising or falling regardless of what the indexes are doing. B
$PCTY long ideaHello dear Traders,
Here is my idea for #PCTY
Daily close above the yellow trigger line (previous month high) to enter trade.
We try to anticipate a 2-2 bullish reversal in the weekly chart - price found support at monthly pivot Line
Momentum: Weekly UP, Monthly UP
Targets marked in the chart (black
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Neutral
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Neutral
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Neutral
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Moving Averages
Neutral
SellBuy
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Moving Averages
Neutral
SellBuy
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Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.