Paylocity reported its Q2 FY2024 results in line with expectations, but there are a few areas that might signal potential challenges or areas of concern for the company and its investors. Despite a 19.5% year-over-year increase in revenue to $326.4 million, Paylocity's guidance for the next quarter and the full year was adjusted slightly downwards. Specifically,...
Paylocity, a payroll provider leveraging cloud technology to provide services generates a decent margin 60 - 70% typically. I generates a little over a billion dollars a year but commands $10 billion market cap.
The Price to Earnings ratio has been steadily coming down over the years to 55 - 60. The company is still enjoying over 20% revenue growth, and YOY they...
The thing is, I'm buying very small positions.
I use the averages like the SP:SPX and NASDAQ:IXIC more like a sentiment measure. The averages are that, averages. They don't account for the whole market.
There will always be stocks rising or falling regardless of what the indexes are doing. But, if the averages are in downtrends I won't buy aggressively.
I...
Hello dear Traders,
Here is my idea for #PCTY
Daily close above the yellow trigger line (previous month high) to enter trade.
We try to anticipate a 2-2 bullish reversal in the weekly chart - price found support at monthly pivot Line
Momentum: Weekly UP, Monthly UP
Targets marked in the chart (black lines)
Invalidation level marked with red line
Please feel free...
$PCTY - Tech | Software - App
+19.59% move post ER to decent YoY earnings and sales growth (+74% and +37% respectively).
currently displaying a bullish pennant setup awaiting for more traction for another leg of upside breakout. trading above all KMAs and VWAP from ATH.
The PEAD projected a Bullish outlook for $PCTY after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
EPSBeat algorithm has detected a potential EPS beat of at least 50% on ticker PCTY.
PCTY is set to report third-quarter 2020 results on Nov 5, after market close.
EPSBeat's algorithm has successfully predicted 13/14 earnings beats for the week of Oct 26.
The tickers that beat were CHGG, HSII, HSTM, TNET, HLIT,...
PCTY could take a nice bullish break above 200 after consolidating into a nice base over the last three weeks. 10d ATR (x3.5) stop at 180.28. Position Size at R10.14
$PCTY has just cleared $140.71 handle buy point yesterday. the volume is just above the average.
12 months Consensus Price Target: $133.21
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
Nice cup with handle formation since Pre-Covid highs. Price broke out of handle buy point today.
Still within buy range - 'Actionable'.
Cup with handle breakout is a highly recognised, dependable, profitable trade set up.
PCTY has also crossed below its bullish channel's support with high volume so it means the bull trend has ended. Probably it would go back to $98ish before continuing its move downward.
I guess I don't have any formal analysis to offer for this post, just trying it out. The basic idea is that PCTY has formed a cup and handle pattern over the last five months. The stock started to form a handle at $92.50 back on February 25th, as it dipped down in price. And while it may seem like the end of the line for growth for PCTY, the technical and...
