Paylocity Holding Corp

PCTY: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$561.00	Hfgdp	Dfnmjyhbp

Paylocity Reports Impressive Top-Line Growth and Profitability Gains in FY 2022, FVE Up 11% to $200

Emma Williams , Ava Gams

Aug 7, 2022

We raise our fair value estimate for narrow-moat Paylocity 11% to $200 due to an improved profitability outlook, lower expected capital expenditures, and time value of money following the fourth quarter fiscal 2022 result.

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