From Nasdaq: 2024-05-03 09:10:00

Paylocity Holding Corporation (PCTY) reported third-quarter fiscal 2024 earnings of $2.21 per share, beating estimates by 13.92% with revenues up 18% to $401.3 million. Recurring revenues increased by 17%, while Interest Income on Funds Held for Clients rose by 34%. The company’s adjusted EBITDA margin expanded to 41.8%.

In the past three presidential election years, Bitcoin has shown significant returns: 2012 +272.4%, 2016 +161.1%, 2020 +302.8%. Zacks predicts continued growth. Dell Technologies (DELL), NVIDIA (NVDA), and Arista Networks (ANET) are currently top picks in the tech sector, each with a Zacks Rank #2 (Buy).

Bitcoin has historically outperformed other asset classes, showing significant returns in past election years. Zacks predicts further growth. Tech sector investments in Dell Technologies, NVIDIA, and Arista Networks are currently recommended as strong buys by Zacks.



Read more at Nasdaq: Paylocity (PCTY) Q3 Earnings and Revenues Surpass Estimates