PCTY Stock Summary and Trading Ideas (Paylocity Holding | NASDAQ:PCTY)

Paylocity is a provider of payroll and human capital management, or HCM, solutions servicing small- to midsize clients in the United States. The company was founded in 1997 and targets businesses with 10 to 5,000 employees and services about 36,000 clients as of fiscal 2023. Alongside core payroll services, Paylocity offers HCM solutions such as time and attendance and recruiting software, as well workplace collaboration and communication tools.

Paylocity Holding trades on the NASDAQ stock market under the symbol PCTY.

As of May 10, 2024, PCTY stock price declined to $163.62 with 598,959 million shares trading.

PCTY has a beta of 1.00, meaning it tends to be less sensitive to market movements. PCTY has a correlation of 0.09 to the broad based SPY ETF.

PCTY has a market cap of $9.22 billion. This is considered a Mid Cap stock.

Last quarter Paylocity Holding reported $401 million in Revenue and $2.21 earnings per share. This beat revenue expectation by $4 million and exceeded earnings estimates by $.22.

In the last 3 years, PCTY stock traded as high as $314.50 and as low as $139.40.

The top ETF exchange traded funds that PCTY belongs to (by Net Assets): VTI, IJH, VB, VXF, VBK.

PCTY has underperformed the market in the last year with a return of -2.9%, while the SPY ETF gained +27.8%. In the last 3 month period, PCTY fell short of the market, returning -1.5%, while SPY returned +4.2%. However, in the most recent 2 weeks PCTY has outperformed the stock market by returning +4.2%, while SPY returned +2.5%.

PCTY support price is $159.60 and resistance is $167.98 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PCTY stock will trade within this expected range on the day.