Paylocity traded at $117.80 this Friday February 6th, decreasing $9.25 or 7.28 percent since the previous trading session. Looking back, over the last four weeks, Paylocity lost 23.12 percent. Over the last 12 months, its price fell by 42.77 percent. Looking ahead, we forecast Paylocity to be priced at 130.82 by the end of this quarter and at 119.10 in one year, according to Trading Economics global macro models projections and analysts expectations.
Paylocity Holding Corporation is a cloud-based provider of payroll and human capital management (HCM) software solutions. The Company's services are provided in a Software-as-a-Service (SaaS) delivery model utilizing its cloud-based platform. The Company’s product suite comprises of payroll, human capital management, workforce management, talent management, benefits, modern workforce solutions and analytics & insights, delivers a unified platform. Its cloud-based platform provides a unified suite of modules using a multi-tenant architecture. Its payroll and HCM modules provide on-demand functionality, reporting and analytics. Its platform provides self-service functionality for employees and managers combined with integration across all its solutions. The Company's platform also offers an automated data integration with over 400 related third-party partner systems, which includes insurance provider systems.