Long Position on PCTY @ $89.00 on 2/25/2019 (Momentum)

Paylocity Holding Corporation (PCTY) provides cloud-based payroll and human capital management software solutions for medium-sized organizations in the United States.

The company offers Paylocity Web Pay for enterprise-grade payroll processing and administration; Paylocity Web HR for employee record management, HR compliance and reporting, HR insight and analytics, and self-service portals; Talent Management for employee performance appraisal process and performance review; Paylocity Web Time, a time and attendance solution; and Paylocity Web Expense, an expense management tool designed to streamline and automate the expense management process.

It also provides Paylocity Web Benefits and Paylocity Enterprise Benefits, which are benefit management solutions that integrate with insurance carrier systems to provide automated administrative processes and allow users to choose benefit elections and make life event changes online, summarize benefit elections, and perform other benefit-related tasks, as well as enable premium reconciliation, management of voluntary benefits, and reporting.

In addition, the company offers third-party administrative services for clients designed to modernize the administration of flexible spending accounts, health savings accounts, transportation management accounts, premium only plans, and health reimbursement arrangements for their employees. Further, it provides implementation and training, client, and tax and regulatory services. 

Shares are in the process of moving higher out of their bullish "cup and handle" formation.

Entry Point: $89.00

Stop Loss: $84.00

Trading Range: $45.72 - $90.49

Target Price: $98.00

Updates

4/30/2019 11:09:31 AM

Closed at $95.50

Position closed on 4/30/2019 at price of $95.50 with a 7.30% gain in 64 days.

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