Investors focused on the Computer and Technology space have likely heard of Paylocity Holding (PCTY - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Paylocity Holding is a member of the Computer and Technology sector. This group includes 632 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. PCTY is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for PCTY's full-year earnings has moved 16.06% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that PCTY has returned about 63.35% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 23.04% on a year-to-date basis. This shows that Paylocity Holding is outperforming its peers so far this year.
Looking more specifically, PCTY belongs to the Internet - Software industry, which includes 91 individual stocks and currently sits at #67 in the Zacks Industry Rank. This group has gained an average of 14.75% so far this year, so PCTY is performing better in this area.
Investors with an interest in Computer and Technology stocks should continue to track PCTY. The stock will be looking to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Investors focused on the Computer and Technology space have likely heard of Paylocity Holding (PCTY - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Paylocity Holding is a member of the Computer and Technology sector. This group includes 632 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. PCTY is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for PCTY's full-year earnings has moved 16.06% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that PCTY has returned about 63.35% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 23.04% on a year-to-date basis. This shows that Paylocity Holding is outperforming its peers so far this year.
Looking more specifically, PCTY belongs to the Internet - Software industry, which includes 91 individual stocks and currently sits at #67 in the Zacks Industry Rank. This group has gained an average of 14.75% so far this year, so PCTY is performing better in this area.
Investors with an interest in Computer and Technology stocks should continue to track PCTY. The stock will be looking to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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