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Paylocity Holding Corporation (PCTY): A Bull Case Theory 

We came across a bullish thesis on Paylocity Holding Corporation on Bob’s Payment Stock Substack by Bob Hammel. In this article, we will summarize the bulls’ thesis on PCTY. Paylocity Holding Corporation's share was trading at $101.95 as of February 23rd. PCTY’s trailing and forward P/E were 38.56 and 25.51 respectively according to Yahoo Finance.

Paylocity Holding Corporation provides cloud-based human capital management, payroll software, and spend management solutions for the workforce in the United States. PCTY with a market capitalization under...