Published on 5 Mar 2024 on Simply Wall St. via Yahoo Finance
Paylocity Holding Corporation's (NASDAQ:PCTY) Stock's On An Uptrend: Are Strong Financials Guiding...
Paylocity Holding (NASDAQ:PCTY) has had a great run on the share market with its stock up by a significant 11% over the last three months. Since the market usually pay for a company’s long-term fundamentals, we decided to study the company’s key performance indicators to see if they could be influencing the market. In this article, we decided to focus on Paylocity Holding's ROE.
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
View our latest analysis for Paylocity Holding