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....
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Paylocity Stock Deserves A Closer Look At A 4-Year Low