Dallas Salazar
IPOs, contrarian, long/short equity, long-term horizon

Paylocity Holding Corp. Could Realistically Have 66% Upside Into Year End

Who is Paylocity Holdings Corp.?

Paylocity Holding Corporation (NASDAQ:PCTY) provides cloud-based payroll and human capital management (NASDAQ:HCM) software solutions for medium-sized organizations in the United States. It offers Paylocity Web Pay that provides enterprise-grade payroll processing and administration; Paylocity HR, which provides a set of HR capabilities for enhancing HR compliance, reporting capabilities, and managing employee information; Paylocity Impressions, an advanced social media feature that integrates peer-to-peer collaboration and recognition in employees; and Performance Management for use in the employee performance appraisal process. (Source: Yahoo! Finance Stock Summary PCTY)

PCTY recently held an IPO on 3/19/2014 and sold 7,100,000 shares at $17. The shares had a great first day's trading closing at $24.04 but have...

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