- Ever since Salesforce showed that there is a large demand for offering business software on cloud platforms, SaaS companies like Paylocity have sprouted.
- Paylocity is growing solidly at 20%+ rates and has started to enjoy operational leverage, we expect this to continue for quite some time.
- We would argue the shares are fairly valued at the moment and facing resistance, but we might be less tolerant of SaaS valuations compared to the market.
Paylocity Is Still Attractive Longer Term
October 4th, 2017 · No Comments