Paylocity Holding Corporation (PCTY) Moves Higher on Volume Spike for August 11

Equities Staff |

Paylocity Holding Corporation (PCTY) traded on unusually high volume on Aug. 11, as the stock gained 3.81% to close at $45.00. On the day, Paylocity Holding Corporation saw 688,058 shares trade hands on 6,928 trades. Considering that the stock averages only a daily volume of 217,475 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $49.65 and $29.69 over the last 52-weeks, its 50-day SMA is now $46.44, and its 200-day SMA $39.13. Paylocity Holding Corporation has a P/B ratio of 15.9. It also has a P/E ratio of 541.9.

Paylocity Holding Corp is a provider of cloud-based payroll and human capital management, software solutions for medium-sized organizations. Its services are provided in a software-as-a-service delivery model utilizing its cloud-based platform.

Headquartered in Arlington Heights, IL, Paylocity Holding Corporation has 1,800 employees and is currently under the leadership of CEO Steven R. Beauchamp.

For a complete fundamental analysis analysis of Paylocity Holding Corporation, check out’s Stock Valuation Analysis report for PCTY.

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To get more information on Paylocity Holding Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: PCTY’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


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