Paylocity Holding (Paylocity Holding) Momentum Rank : 7 (As of May. 08, 2024)

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What is Paylocity Holding Momentum Rank?

Paylocity Holding has the Momentum Rank of 7.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Paylocity Holding's Momentum Rank

For the Software - Application subindustry, Paylocity Holding's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Paylocity Holding's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, Paylocity Holding's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Paylocity Holding's Momentum Rank falls into.

Paylocity Holding Momentum Rank Related Terms

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Paylocity Holding (Paylocity Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Paylocity Holding Corp (NAS:PCTY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PCTY:Mexico 0P7:Germany 0P7:Germany

Address

1400 American Lane, Schaumburg, IL, USA, 60173

Website

https://www.paylocity.com

Paylocity is a provider of payroll and human capital management, or HCM, solutions servicing small- to midsize clients in the United States. The company was founded in 1997 and targets businesses with 10 to 5,000 employees and services about 36,000 clients as of fiscal 2023. Alongside core payroll services, Paylocity offers HCM solutions such as time and attendance and recruiting software, as well workplace collaboration and communication tools.

Executives

Ryan Glenn	officer: CFO and Treasurer	1400 AMERICAN LANE, SCHAUMBERG IL 60173
Katherine Ross	officer: Sr Vice President Operations	1400 AMERICAN LANE, SCHAUMBURG IL 60173
Rachit Lohani	officer: Chief Technology Officer	1400 AMERICAN LANE, SCHAUMBURG IL 60173
Steven I Sarowitz	director, 10 percent owner, officer: Executive Chairman	3850 N. WILKE ROAD, ARLINGTON HEIGHTS IL 60004
Nicholas Rost	officer: VP & Chief Accounting Officer	1400 AMERICAN LANE, SCHAUMBURG IL 60173
Joshua Scutt	officer: Senior Vice President Sales	1400 AMERICAN LANE, SCHAUMBURG IL 60173
Linda M. Breard	director	3600 136 PLACE SE, SUITE 300, BELLEVUE WA 98006
Jeffrey T Diehl	director, 10 percent owner	ONE NORTH WACKER DRIVE, SUITE 2200, CHICAGO IL 60606-2823
Toby J. Williams	officer: Chief Financial Officer	3850 N. WILKE ROAD, ARLINGTON HEIGHTS IL 60004
Bernard Robinson Kenneth	director	9417 FOX CREEK LANE, MASON OH 45040
Steven R Beauchamp	director, officer: President and CEO	3850 N. WILKE ROAD, ARLINGTON HEIGHTS IL 60004
Ronald V Waters	director	75 EAST ELM STREET, CHICAGO IL 60611
Mark S Kinsey	officer: Senior VP of Operations	3850 N WILKE ROAD, ARLINGTON HEIGHTS IL 60004
Michael R Haske	officer: Senior VP of Sales & Marketing	3850 N. WILKE ROAD, ARLINGTON HEIGHTS IL 60004
Andrew Cappotelli	officer: Chief Accounting Officer	3850 N. WILKE RD, ARLINGTON HEIGHTS IL 60004