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PCTY - Paylocity Stock Deserves A Closer Look At A 4-Year Low
Paylocity Holding Corporation
2024-06-28 05:00:34 ET
Summary
Paylocity is down 20% in 2024, trading at its lowest level since 2020.
Uncertainties toward the U.S. labor market and its impact on demand for human capital management software have added volatility.
PCTY stock remains well positioned to rebound, with its outlook supported by strong fundamentals.
Shares of Paylocity Holdings Corp. ( PCTY ) have struggled in recent years amid a shifting macro backdrop and gradual growth slowdown. The stock is down about 20% in 2024 and currently trading at its lowest level since 2020....