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 Ratio434.53
Forward P/E Ratio172.76
P/E Growth6.66
Sales & Book Value
Annual Sales$300.01 million
Price / Sales11.52
Cash Flow$0.5768 per share
Price / Cash113.82
Book Value$2.87 per share
Price / Book22.87
Profitability
EPS (Most Recent Fiscal Year)$0.15
Net Income$6.71 million
Net Margins10.17%
Return on Equity11.74%
Return on Assets1.42%
Miscellaneous
Employees2,115
Outstanding Shares52,650,000
Market Cap$3,402.96
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) posted its quarterly earnings results on Thursday, May, 3rd. The software maker reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.39. The software maker had revenue of $113.41 million for the quarter, compared to analyst estimates of $110.74 million. Paylocity had a return on equity of 11.74% and a net margin of 10.17%. Paylocity's revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period last year, the company earned $0.40 EPS. View Paylocity's Earnings History.
When is Paylocity's next earnings date?
What price target have analysts set for PCTY?
13 equities research analysts have issued 12-month target prices for Paylocity's stock. Their forecasts range from $45.00 to $65.00. On average, they expect Paylocity's share price to reach $55.5455 in the next twelve months. This suggests that the stock has a possible downside of 15.4%. View Analyst Ratings for Paylocity.
What is the consensus analysts' recommendation for Paylocity?
13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paylocity in the last year. There are currently 3 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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 Q3 top and bottom line surpassed the respective Zacks Consensus Estimate and marked year-over-year improvement as well. Outlook for Q4 and FY18 were also encouraging. 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. 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. Paylocity has outperformed the industry in the year-to-date period. However, competition in the payroll processing sector from new entrants as well as existing players remains a major headwind." (5/10/2018)
- 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 Symantec (SYMC), UBISOFT Entmt S/ADR (UBSFY), SS&C Technologies (SSNC), Cadence Design Systems (CDNS), Dropbox (DBX), Veeva Systems (VEEV), PTC (PTC), Temenos (TMNSF), Nutanix (NTNX), Tyler Technologies (TYL), Tableau Software Inc Class A (DATA), Momo (MOMO), Docusign (DOCU), The Ultimate Software Group (ULTI) and Black Knight (BKI).
Who are Paylocity's key executives?
Paylocity's management team includes the folowing people:
- Mr. Steven I. Sarowitz, Founder & 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?
Press coverage about PCTY stock has trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Paylocity earned a news sentiment score of 0.13 on Accern's scale. They also gave headlines about the software maker an impact score of 46.45 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
Who are Paylocity's major shareholders?
Paylocity's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Riverbridge Partners LLC (1.81%), Bank of Montreal Can (0.02%) and Campbell & CO Investment Adviser LLC (0.01%). 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 buying Paylocity stock?
PCTY stock was acquired by a variety of institutional investors in the last quarter, including Riverbridge Partners LLC, Campbell & CO Investment Adviser LLC and Bank of Montreal Can. 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 $65.65.
How big of a company is Paylocity?
Paylocity has a market capitalization of $3.40 billion and generates $300.01 million in revenue each year. The software maker earns $6.71 million in net income (profit) each year or $0.15 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.
