Where Will Paylocity Holding Corp (PCTY) Stock Go Next After It Is Up 0.48% in a Week?

Overall market sentiment has been high on Paylocity Holding Corp (PCTY) stock lately. PCTY receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Paylocity Holding Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PCTY!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With PCTY Stock Today?

Paylocity Holding Corp (PCTY) stock is trading at $207.66 as of 11:54 AM on Wednesday, Mar 30, a loss of -$4.31, or -2.03% from the previous closing price of $211.97. The stock has traded between $205.43 and $210.70 so far today. Volume today is below average. So far 94,317 shares have traded compared to average volume of 224,499 shares.

More About Paylocity Holding Corp

Paylocity is a provider of payroll and human capital management, or HCM, solutions servicing small- to mid-size clients in the United States. The company was founded in 1997 and targets businesses with 10 to 5,000 employees and services about 28,750 clients as of fiscal 2021. Alongside core payroll services, Paylocity offers HCM solutions such as time and attendance and recruiting software, as well workplace collaboration and communication tools. Click Here to get the full Stock Report for Paylocity Holding Corp stock.