Trade-Ideas LLC identified

Paylocity

(

PCTY

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Paylocity as such a stock due to the following factors:

  • PCTY has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $9.2 million.
  • PCTY has traded 33,824 shares today.
  • PCTY is trading at a new lifetime high.

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More details on PCTY:

Paylocity Holding Corporation provides cloud-based payroll and human capital management (HCM) software solutions for medium-sized organizations in the United States. Currently there are 6 analysts that rate Paylocity a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Paylocity has been 258,700 shares per day over the past 30 days. Paylocity has a market cap of $1.8 billion and is part of the technology sector and computer software & services industry. Shares are up 38.6% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Paylocity as a

sell

. The area that we feel has been the company's primary weakness has been its feeble growth in its earnings per share.

Highlights from the ratings report include:

  • PCTY has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Even though the company has a strong debt-to-equity ratio, the quick ratio of 0.14 is very weak and demonstrates a lack of ability to pay short-term obligations.
  • Compared to other companies in the Software industry and the overall market, PAYLOCITY HOLDING CORP's return on equity significantly trails that of both the industry average and the S&P 500.
  • PAYLOCITY HOLDING CORP has improved earnings per share by 35.7% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, PAYLOCITY HOLDING CORP reported poor results of -$0.29 versus -$0.11 in the prior year. This year, the market expects an improvement in earnings (-$0.05 versus -$0.29).
  • The gross profit margin for PAYLOCITY HOLDING CORP is rather high; currently it is at 60.56%. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of -11.22% is in-line with the industry average.
  • Net operating cash flow has significantly increased by 202.96% to $0.90 million when compared to the same quarter last year. In addition, PAYLOCITY HOLDING CORP has also vastly surpassed the industry average cash flow growth rate of -11.94%.

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