Paylocity Holding Corporation Company Profile (NASDAQ:PCTY)

Paylocity Holding Corporation trades on the NASDAQ under the ticker symbol "PCTY."

Paylocity Holding Corporation (NASDAQ:PCTY) posted its quarterly earnings data on Thursday, August, 10th. The company reported ($0.06) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.10) by $0.04. The firm earned $76.10 million during the quarter, compared to the consensus estimate of $73.79 million. Paylocity Holding Corporation had a return on equity of 6.13% and a net margin of 2.24%. The firm's revenue was up 27.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.01) EPS. View Paylocity Holding Corporation's Earnings History.

Paylocity Holding Corporation is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. View Earnings Estimates for Paylocity Holding Corporation.

Paylocity Holding Corporation updated its FY18 earnings guidance on Thursday, August, 10th. The company provided earnings per share guidance of $0.78-0.80 for the period, compared to the Thomson Reuters consensus estimate of $0.78. The company issued revenue guidance of $368-370 million, compared to the consensus revenue estimate of $370.78 million.Paylocity Holding Corporation also updated its Q1 guidance to $0.10-0.12 EPS.

15 brokers have issued twelve-month price targets for Paylocity Holding Corporation's stock. Their predictions range from $44.00 to $60.00. On average, they expect Paylocity Holding Corporation's share price to reach $51.33 in the next year. View Analyst Ratings for Paylocity Holding Corporation.

Here are some recent quotes from research analysts about Paylocity Holding Corporation stock:

• 1. Mizuho analysts commented, "We expect F4Q17 total revenue of $74-75mm (+24-25% Y/Y) vs. guidance of $73.1-74.1mm and consensus of $74mm. Recurring revenues could print around $72-73mm (up 26-28% Y/Y). For profitability, we expect adj. EBITDA of $6-7mm vs. guidance of $5.3-6.3mm and consensus of $6mm. Lastly, EPS could come in around $0.02-0.03 vs. guidance of $0.00-0.02 and consensus of $0.01." (8/10/2017)
• 2. According to Zacks Investment Research, "Paylocity offers cloud-based payroll and HCM software solutions to medium-sized organizations. We remain positive about Paylocity’s regular investments in SaaS technology. 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 technological upgrades, along with product innovation, will continue to boost the company’s top line. Such initiatives should also drive its forthcoming results. Also, higher adoption of Paylocity’s ACA dashboard application, specializing in tracking employee count, employee status and health care plan affordability, will act as a tailwind.However, competition in the payroll processing sector from new entrants as well as existing players remains a major headwind. Notably, Paylocity has underperformed the broader market in the last one year." (7/19/2017)
• 3. Needham & Company LLC analysts commented, "Paylocity reported a very good 2Q, with solid revenue outperformance from recurring revenues and better than expected margin leverage with its $0.08 EPS outperformance. Although the future of ACA and the revenue associated with compliance remain a near-term headwind for PCTY, a deeper dive into the company's results show a strong core business ( +33% Y/Y FY17E revenue growth) and a compelling valuation at 4.1x EV/FY18 total revenues or 4.3x EV/FY recurring revenues for a company expected have double digit EBITDA margins and high 20% revenue growth in FY18. New modules continue to enhance the PCTY's product portfolio and we expect can drive consistent ARPU growth over the next several years as highlighted by the strong initial uptake in the company's new Recruiting module." (2/3/2017)

Some companies that are related to Paylocity Holding Corporation include Micro Focus International plc (MCRO), Nice Systems (NICE), Nuance Communications (NUAN), Blackbaud (BLKB), Solera Holdings (SLH), Atlassian Corporation PLC (TEAM), FireEye (FEYE), Playtech PLC (PTEC), Okta (OKTA), CommVault Systems (CVLT), Alarm.com Holdings (ALRM), Progress Software Corporation (PRGS), COUPA SOFTWARE (COUP), BLACKLINE INC (BL), Callidus Software (CALD), Gigamon (GIMO), Bottomline Technologies (EPAY) and MINDBODY (MB).

Paylocity Holding Corporation's management team includes the folowing people:

• Steven Ira Sarowitz, Chairman of the Board
• Michael R. Haske, President, Chief Operating Officer
• Steven Raymond Beauchamp, Chief Executive Officer, Director
• Edward W. Gaty, Senior Vice President - Product and Technology
• Mark S. Kinsey, Senior Vice President - Operations
• Ian J. Rogers, Principal Accounting Officer
• Ronald V. Waters III, Lead Director, Independent Director
• Ellen Carnahan, Independent Director
• Jeffrey T. Diehl, Independent Director
• Mark H. Mishler, Independent Director

Shares of Paylocity Holding Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Paylocity Holding Corporation stock can currently be purchased for approximately $50.42.