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Paylocity Is Still Attractive Longer Term

October 4th, 2017 · No Comments

  • 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.

Source: Paylocity Is Still Attractive Longer Term – Paylocity Holding Corp (NASDAQ:PCTY) | Seeking Alpha

Tags: PCTY