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Paylocity Holding Corporation

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Paylocity might get affected by weak economic conditions as employment levels tend to decline and interest rates may become more volatile. Competition in the HCM software market is increasing, which could lead to pricing pressure and affect Paylocity’s margins. Moreover, we believe that Paylocity’s dominance could be challenged by new entrants. Notably, the company has underperformed the industry in the last six months.

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