Paylocity (PCTY) is an attractive player in the cloud-based HCM space. It has been affected by the spike in the unemployment rate. It is investing in adding more value to its customers. These investments will drive its growth factor. Its financials are attractive. Investors should look beyond the current market volatility due to the solid buffers that have been put in place to help small businesses in the US. Its double-digit growth guide for the current year indicates it will continue to yield attractive returns in the long term.
Demand (Rating: Bullish)
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