Eye Catching Stock News: Paylocity (NASDAQ:PCTY)

Paylocity (NASDAQ:PCTY) stock identified change of 114.57% away from 52-week low price and recently located move of -0.08% off 52-week high price. It has market worth of $7.03BM. PCTY stock has been recorded 13.06% away from 50 day moving average and 27.09% away from 200 day moving average. Moving closer, we can see that shares have been trading 7.09% off 20-day moving average.

On Jan. 8, 2020, Paylocity (NASDAQ:PCTY) a leading provider of cloud-based payroll and human capital management (HCM) software solutions, revealed its W-4 Readiness Kit to help its clients ensure compliance with the Internal Revenue Service’s (IRS) new W-4, Employee’s Withholding Certificate.

With the new year underway, it is critical that employers understand how the new W-4 form, which went into effect on Jan 1, has been revamped and how their employees should complete it during onboarding or when making income withholding election changes. Resulting from the 2017 Tax Cuts & Jobs Act, the new design reduces the form’s complexity and increases the transparency and accuracy of the withholding system. Paylocity’s W-4 Readiness Kit provides employers with the library of resources both payroll professionals and employees alike need to navigate these changes and ensure seamless compliance.

At Paylocity, we understand that complying with new IRS standards like the newly enforced Form W-4 can be a massive undertaking for employers without the right direction from a trusted payroll partner, said Corinne Tirone, Director of Government Relations at Paylocity and member of the National Payroll Reporting Consortium. That’s why we’ve made our W-4 Readiness Kit available to our clients to help simply manage and execute the changes. Armed with Paylocity technology and our talented team, we’re confident our clients will adapt to the new protocol with ease.

The Technology sector company, Paylocity Holding Corporation noticed change of 0.63% to $130.22 along volume of 462771 shares in last session compared to an average volume of 304.00K. The stock observed return of 7.78% in 5 days trading activity. The stock was at 8.05% over one month performance. PCTY’s shares are at 36.28% for the quarter and driving a 109.19% return over the course of the past year and is now at 7.78% since this point in 2018.

The average volatility for the week at 3.16% and for month was at 2.45%. There are 53.99M shares outstanding and 34.69M shares are floated in market. Right now the stock beta is 1.45.

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