Paylocity Holding Corporation provides cloud-based payroll and human capital management (HCM) software solutions for medium-sized organizations in the United States. It offers Paylocity Web Pay for enterprise-grade payroll processing and administration; Paylocity Web HR for employee record management and HR compliance and reporting; Talent Management for employee performance appraisal process and performance review; Paylocity Web Time, a time and attendance solution; and Paylocity Web Expense, an expense management tool designed to streamline and automate the expense management process. The company also provides Paylocity Web Benefits and Paylocity Enterprise Benefits, which are benefit management solutions that integrate with insurance carrier systems to provide automated administrative processes and allow users to choose benefit elections and make life event changes online, summarize benefit elections, and perform other benefit-related tasks, as well as enable premium reconciliation, management of voluntary benefits, and reporting. Paylocity Holding Corporation was founded in 1997 and is headquartered in Arlington Heights, Illinois.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
SymbolNASDAQ:PCTY
CUSIPN/A
Phone847-463-3200
Debt
Debt-to-Equity RatioN/A
Current Ratio1.08
Quick Ratio1.08
Price-To-Earnings
Trailing P/E Ratio222.32
Forward P/E Ratio156.64
P/E Growth6.97
Sales & Book Value
Annual Sales$363.52 million
Price / Sales10.00
Cash Flow$0.5785 per share
Price / Cash119.13
Book Value$2.87 per share
Price / Book24.01
Profitability
EPS (Most Recent Fiscal Year)$0.31
Net Income$38.60 million
Net Margins10.22%
Return on Equity13.21%
Return on Assets1.57%
Miscellaneous
Employees2,115
Outstanding Shares52,770,000
Market Cap$3.56 billion
Paylocity (NASDAQ:PCTY) Frequently Asked Questions
What is Paylocity's stock symbol?
Paylocity trades on the NASDAQ under the ticker symbol "PCTY."
How were Paylocity's earnings last quarter?
Paylocity Holding Corp (NASDAQ:PCTY) issued its quarterly earnings results on Thursday, August, 9th. The software maker reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by $0.01. The software maker earned $96.62 million during the quarter, compared to analysts' expectations of $93.33 million. Paylocity had a return on equity of 13.21% and a net margin of 10.22%. Paylocity's revenue was up 27.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. View Paylocity's Earnings History.
When is Paylocity's next earnings date?
What price target have analysts set for PCTY?
14 equities research analysts have issued 1-year price targets for Paylocity's shares. Their predictions range from $45.00 to $80.00. On average, they expect Paylocity's stock price to reach $63.00 in the next year. This suggests that the stock has a possible downside of 8.6%. View Analyst Price Targets for Paylocity.
What is the consensus analysts' recommendation for Paylocity?
14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paylocity in the last year. There are currently 5 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Paylocity.
What are Wall Street analysts saying about Paylocity stock?
Here are some recent quotes from research analysts about Paylocity stock:
- 1. According to Zacks Investment Research, "Paylocity’s fiscal fourth quarter top-line was driven by higher recurring revenues. For the last few quarters, clients moving from traditional payroll service providers to the company’s SaaS-based services contributed significantly to its revenues. Hence, regular investments in SaaS technology, technological upgrades, and product innovation, will continue to boost the company’s top line. Also, higher adoption of Paylocity’s ACA dashboard application, specializing in tracking employee count, employee status and health care plan affordability, is a tailwind. Shares have outperformed the industry in the year-to-date period. However, SaaS network infrastructure, which Paylocity mainly operates on, is prone to cyber threats and security breaches. Also, competition in the payroll processing sector from new entrants as well as existing players remains a concern." (8/14/2018)
- 2. Mizuho analysts commented, "We expect total revenue around $111-113mm (+23-25% Y/Y) vs. guidance of $110-111mm and consensus of $111mm. Recurring revenue (just subscriptions) could print ~$106-108mm, or up 24-27% Y/Y. We see ongoing conservatism in adj. EBITDA guidance; results could come in ~$33-35mm vs. consensus of $33mm and guidance of $32.3-33.3mm. We expect upside to EPS guidance of $0.45-0.47 as well. Click here for our detailed preview and model." (5/3/2018)
Who are some of Paylocity's key competitors?
Some companies that are related to Paylocity include Mobileye (MBBYF), Synopsys (SNPS), SS&C Technologies (SSNC), Cadence Design Systems (CDNS), Dropbox (DBX), UBISOFT Entmt S/ADR (UBSFY), Veeva Systems (VEEV), Symantec (SYMC), PTC (PTC), Temenos (TMNSF), Nutanix (NTNX), Docusign (DOCU), Tyler Technologies (TYL), The Ultimate Software Group (ULTI) and Tableau Software Inc Class A (DATA).
Who are Paylocity's key executives?
Paylocity's management team includes the folowing people:
- Mr. Steven I. Sarowitz, Chairman (Age 52)
- Mr. Steven R. Beauchamp, CEO & Director (Age 46)
- Mr. Michael R. Haske, Pres & COO (Age 46)
- Mr. Edward W. Gaty, Sr. VP of Product and Technology (Age 45)
- Mr. Mark S. Kinsey, Sr. VP of Operations (Age 48)
Has Paylocity been receiving favorable news coverage?
Headlines about PCTY stock have trended somewhat positive this week, Accern reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Paylocity earned a daily sentiment score of 0.12 on Accern's scale. They also assigned press coverage about the software maker an impact score of 47.53 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next several days. View Recent Headlines for Paylocity.
Who are Paylocity's major shareholders?
Paylocity's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (3.89%), Wasatch Advisors Inc. (3.30%), Standard Life Aberdeen plc (2.79%), Fred Alger Management Inc. (1.93%), Riverbridge Partners LLC (1.81%) and FMR LLC (1.16%). Company insiders that own Paylocity stock include Edward W Gaty, Ellen Carnahan, Jeffrey T Diehl, Mark S Kinsey, Michael R Haske, Peter J Mcgrail, Steven I Sarowitz and Steven R Beauchamp. View Institutional Ownership Trends for Paylocity.
Which institutional investors are selling Paylocity stock?
PCTY stock was sold by a variety of institutional investors in the last quarter, including Artisan Partners Limited Partnership, FMR LLC, Millennium Management LLC, Janus Henderson Group PLC, Massachusetts Financial Services Co. MA, Bank of America Corp DE, Granahan Investment Management Inc. MA and Kornitzer Capital Management Inc. KS. Company insiders that have sold Paylocity company stock in the last year include Edward W Gaty, Jeffrey T Diehl, Mark S Kinsey, Michael R Haske, Steven I Sarowitz and Steven R Beauchamp. View Insider Buying and Selling for Paylocity.
Which institutional investors are buying Paylocity stock?
PCTY stock was purchased by a variety of institutional investors in the last quarter, including Voya Investment Management LLC, Standard Life Aberdeen plc, BlackRock Inc., Riverbridge Partners LLC, American Century Companies Inc., Cortina Asset Management LLC, Clearfield Capital Management LP and Renaissance Technologies LLC. View Insider Buying and Selling for Paylocity.
How do I buy shares of Paylocity?
Shares of PCTY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Paylocity's stock price today?
One share of PCTY stock can currently be purchased for approximately $68.92.
How big of a company is Paylocity?
Paylocity has a market capitalization of $3.56 billion and generates $363.52 million in revenue each year. The software maker earns $38.60 million in net income (profit) each year or $0.31 on an earnings per share basis. Paylocity employs 2,115 workers across the globe.
How can I contact Paylocity?
Paylocity's mailing address is 3850 N. WILKE ROAD, ARLINGTON HEIGTHS IL, 60004. The software maker can be reached via phone at 847-463-3200 or via email at [email protected]
MarketBeat Community Rating for Paylocity (NASDAQ PCTY)
MarketBeat's community ratings are surveys of what our community members think about Paylocity and other stocks. Vote "Outperform" if you believe PCTY will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PCTY will underperform the S&P 500 over the long term. You may vote once every thirty days.
