Paylocity Holding Corporation provides cloud-based payroll and human capital management software solutions for medium-sized organizations in the United States. The company offers Paylocity Web Pay for enterprise-grade payroll processing and administration; Paylocity Web HR for employee record management, HR compliance and reporting, HR insight and analytics, and self-service portals; 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. It 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. In addition, the company offers third-party administrative services for clients designed to modernize the administration of flexible spending accounts, health savings accounts, transportation management accounts, premium only plans, and health reimbursement arrangements for their employees. Further, it provides implementation and training, client, and tax and regulatory services. The company was founded in 1997 and is headquartered in Schaumburg, Illinois.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:PCTY
Previous Symbol
CUSIPN/A
Phone847-463-3200
Debt
Debt-to-Equity RatioN/A
Current Ratio1.07
Quick Ratio1.07
Price-To-Earnings
Trailing P/E Ratio208.48
Forward P/E Ratio109.54
P/E Growth5.5
Sales & Book Value
Annual Sales$363.52 million
Price / Sales9.39
Cash Flow$0.8869 per share
Price / Cash Flow72.87
Book Value$4.04 per share
Price / Book16.00
Profitability
EPS (Most Recent Fiscal Year)$0.31
Net Income$38.59 million
Net Margins12.08%
Return on Equity12.35%
Return on Assets1.63%
Miscellaneous
Employees2,600
Outstanding Shares52,800,000
Market Cap$3.42 billion
OptionableOptionable
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, November, 1st. The software maker reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.02. The software maker earned $100.50 million during the quarter, compared to analysts' expectations of $98.37 million. Paylocity had a net margin of 12.08% and a return on equity of 12.35%. Paylocity's revenue was up 23.3% on a year-over-year basis. During the same period last year, the company posted $0.15 EPS. View Paylocity's Earnings History.
When is Paylocity's next earnings date?
What price target have analysts set for PCTY?
15 equities research analysts have issued 12 month price objectives for Paylocity's shares. Their predictions range from $45.00 to $80.00. On average, they anticipate Paylocity's stock price to reach $68.0769 in the next twelve months. This suggests a possible upside of 5.7% from the stock's current price. View Analyst Price Targets for Paylocity.
What is the consensus analysts' recommendation for Paylocity?
15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paylocity in the last year. There are currently 6 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 is benefiting from client wins and a rise in ARPU from clients adopting new products. For the last few quarters, clients moving from traditional payroll service providers to the company’s SaaS based services contributed significantly to its revenues. The company's robust product portfolio is a positive. Shares have outperformed the industry in the year-to-date period. However, the company is hurt by continuous decline in Implementation services and other revenues. SaaS network infrastructure, a crucial part of its business operations, is prone to cyber threats and security breaches. These disruptions may lead to increased customer dissatisfaction and thwart its prospects. Also, competition in the payroll processing sector from new entrants as well as existing players remains a concern." (12/13/2018)
- 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)
Has Paylocity been receiving favorable news coverage?
News articles about PCTY stock have trended somewhat positive recently, InfoTrie Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Paylocity earned a news sentiment score of 1.8 on InfoTrie's scale. They also gave headlines about the software maker a news buzz of 3.0 out of 10, indicating that recent media coverage is unlikely to have an impact on the company's share price in the immediate future.
Who are some of Paylocity's key competitors?
Some companies that are related to Paylocity include Synopsys (SNPS), Veeva Systems (VEEV), ANSYS (ANSS), Cadence Design Systems (CDNS), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Temenos (TMNSF), SS&C Technologies (SSNC), Tableau Software (DATA), PTC (PTC), Twilio (TWLO), Dropbox (DBX), Atlassian (TEAM), UBISOFT ENTMT S/ADR (UBSFY), Trend Micro (TMICY) and Micro Focus International (MFGP).
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. Toby J. Williams J.D., Chief Financial Officer (Age 45)
- Mr. Edward W. Gaty, Sr. VP of Product & Technology (Age 45)
Who are Paylocity's major shareholders?
Paylocity's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (5.28%), Vanguard Group Inc (5.28%), BlackRock Inc. (4.26%), Wasatch Advisors Inc. (2.89%), Standard Life Aberdeen plc (2.81%) and Standard Life Aberdeen plc (2.81%). 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 Alliancebernstein L.P., Marshall Wace North America L.P., Franklin Resources Inc., Wasatch Advisors Inc., Massachusetts Financial Services Co. MA, Riverbridge Partners LLC, Man Group plc 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 bought by a variety of institutional investors in the last quarter, including Marshall Wace LLP, GW&K Investment Management LLC, Vanguard Group Inc, Vanguard Group Inc., BlackRock Inc., Castleark Management LLC, Rehmann Capital Advisory Group and FMR 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 $64.41.
How big of a company is Paylocity?
Paylocity has a market capitalization of $3.42 billion and generates $363.52 million in revenue each year. The software maker earns $38.59 million in net income (profit) each year or $0.31 on an earnings per share basis. Paylocity employs 2,600 workers across the globe.
What is Paylocity's official website?
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.
