About Paylocity Holding Corporation (NASDAQ:PCTY)
Paylocity Holding Corporation is a cloud-based provider of payroll and human capital management (HCM), software solutions for medium-sized organizations. The Company's services are provided in a software-as-a-service delivery model utilizing its cloud-based platform. The cloud-based platform provides a suite of applications using a multi-tenant architecture. The cloud-based platform features a suite of unified payroll and HCM applications. The Company, through cloud-based platform, offers various products, which include Paylocity Web Pay, Paylocity HR, Paylocity Affordable Care Act Enhanced, Paylocity Impressions, Performance Management, Self-Service HR Portals, Paylocity Recruiting, Paylocity Web Time, Paylocity Web Onboarding, and Paylocity Web Benefits and Paylocity Enterprise Benefits, Powered by bswift. The multi-tenant software platform is configurable and includes a unified suite of payroll and HCM applications, such as time and labor tracking, benefits and talent management.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Software
- Sub-Industry: N/A
- Symbol: NASDAQ:PCTY
- CUSIP: N/A
- Web: www.paylocity.com
- Market Cap: $2.65633 billion
- Outstanding Shares: 51,750,000
- 50 Day Moving Avg: $48.53
- 200 Day Moving Avg: $45.61
- 52 Week Range: $29.69 - $52.00
Sales & Book Value:
- Trailing P/E Ratio: 427.75
- Foreward P/E Ratio: 114.07
- P/E Growth: 1.89
- Annual Revenue: $300.01 million
- Price / Sales: 8.85
- Book Value: $2.85 per share
- Price / Book: 18.01
- EBITDA: $18.88 million
- Net Margins: 2.24%
- Return on Equity: 6.13%
- Return on Assets: 0.71%
- Current Ratio: 1.09%
- Quick Ratio: 1.09%
- Average Volume: 226,725 shs.
- Beta: 2.23
- Short Ratio: 10.78
Frequently Asked Questions for Paylocity Holding Corporation (NASDAQ:PCTY)
What is Paylocity Holding Corporation's stock symbol?
Paylocity Holding Corporation trades on the NASDAQ under the ticker symbol "PCTY."
How were Paylocity Holding Corporation's earnings last quarter?
Paylocity Holding Corporation (NASDAQ:PCTY) released its earnings results on Thursday, August, 10th. The company reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.10) by $0.04. The company had revenue of $76.10 million for the quarter, compared to analysts' expectations of $73.79 million. Paylocity Holding Corporation had a net margin of 2.24% and a return on equity of 6.13%. Paylocity Holding Corporation's revenue for the quarter was up 27.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.01) EPS. View Paylocity Holding Corporation's Earnings History.
When will Paylocity Holding Corporation make its next earnings announcement?
What guidance has Paylocity Holding Corporation issued on next quarter's earnings?
Paylocity Holding Corporation issued an update on its FY18 earnings guidance on Thursday, August, 10th. The company provided EPS guidance of $0.78-0.80 for the period, compared to the Thomson Reuters consensus EPS 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.
Where is Paylocity Holding Corporation's stock going? Where will Paylocity Holding Corporation's stock price be in 2017?
15 equities research analysts have issued twelve-month price targets for Paylocity Holding Corporation's shares. Their forecasts range from $44.00 to $60.00. On average, they anticipate Paylocity Holding Corporation's share price to reach $51.33 in the next twelve months. View Analyst Ratings for Paylocity Holding Corporation.
What are analysts saying about Paylocity Holding Corporation stock?
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)
Who are some of Paylocity Holding Corporation's key competitors?
Some companies that are related to Paylocity Holding Corporation include Micro Focus International plc (MCRO), Nice Systems (NICE), Atlassian Corporation PLC (TEAM), Nuance Communications (NUAN), Blackbaud (BLKB), Solera Holdings (SLH), 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).
Who are Paylocity Holding Corporation's key executives?
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
Who owns Paylocity Holding Corporation stock?
Paylocity Holding Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Quotient Investors LLC (0.01%). Company insiders that own Paylocity Holding Corporation stock include Adams Street Partners Llc, Edward W Gaty, 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 Holding Corporation.
Who bought Paylocity Holding Corporation stock? Who is buying Paylocity Holding Corporation stock?
How do I buy Paylocity Holding Corporation stock?
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.
What is Paylocity Holding Corporation's stock price today?
MarketBeat Community Rating for Paylocity Holding Corporation (NASDAQ PCTY)MarketBeat's community ratings are surveys of what our community members think about Paylocity Holding Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Paylocity Holding Corporation stock can currently be purchased for approximately $51.33.
Consensus Ratings for Paylocity Holding Corporation (NASDAQ:PCTY) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||6 Hold Ratings, 9 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.60)|
|Consensus Price Target: ||$51.33 (0.01% upside)|Consensus Price Target History for Paylocity Holding Corporation (NASDAQ:PCTY)
Analysts' Ratings History for Paylocity Holding Corporation (NASDAQ:PCTY)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/10/2017||Northland Securities||Reiterated Rating||Buy||$55.00||High|
|8/11/2017||Stifel Nicolaus||Reiterated Rating||Buy||$50.00 -> $55.00||Low|
|8/11/2017||Bank of America Corporation||Reiterated Rating||Buy||$50.00 -> $47.00||High|
|8/9/2017||Raymond James Financial, Inc.||Set Price Target||Buy||$48.00 -> $55.00||Low|
|7/18/2017||JMP Securities||Reiterated Rating||Outperform||$54.00||Low|
|6/26/2017||SunTrust Banks, Inc.||Initiated Coverage||Hold -> Hold||$45.00||High|
|5/25/2017||Needham & Company LLC||Boost Price Target||Buy -> Buy||$46.00 -> $52.00||High|
|5/25/2017||Royal Bank Of Canada||Boost Price Target||Outperform -> Outperform||$47.00 -> $56.00||High|
|5/15/2017||Deutsche Bank AG||Boost Price Target||Buy||$55.00 -> $60.00||Low|
|5/12/2017||Wells Fargo & Company||Reiterated Rating||Market Perform||High|
|5/4/2017||Pacific Crest||Reiterated Rating||Hold||High|
|12/1/2016||Oppenheimer Holdings, Inc.||Initiated Coverage||Market Perform||N/A|
|11/4/2016||First Analysis||Upgrade||Equal Weight -> Overweight||$48.00||N/A|
|11/4/2016||Craig Hallum||Downgrade||Buy -> Hold||N/A|
|5/8/2016||Robert W. Baird||Reiterated Rating||Buy||N/A|
Earnings History for Paylocity Holding Corporation (NASDAQ:PCTY)Earnings History by Quarter for Paylocity Holding Corporation (NASDAQ PCTY)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/10/2017||Q4 2017||($0.10)||($0.06)||$73.79 million||$76.10 million||View||N/A|
|2/2/2017||Q2 2017||$0.03||$0.10||$68.42 million||$68.70 million||View||Listen|
|11/3/2016||Q1||$0.03||$0.07||$63.58 million||$65.00 million||View||N/A|
|8/9/2016||Q416||($0.04)||($0.01)||$57.64 million||$59.80 million||View||N/A|
|5/5/2016||Q3||$0.14||$0.21||$67.26 million||$70.57 million||View||N/A|
|2/4/2016||Q2||($0.03)||$0.08||$48.63 million||$55.20 million||View||N/A|
|11/5/2015||Q116||($0.07)||$0.02||$41.73 million||$45.10 million||View||N/A|
|8/13/2015||Q415||($0.06)||($0.03)||$38.19 million||$40.00 million||View||Listen|
|5/7/2015||Q315||$0.05||$0.11||$44.50 million||$47.30 million||View||Listen|
|2/5/2015||Q215||($0.08)||($0.05)||$31.90 million||$34.30 million||View||Listen|
|11/6/2014||Q314||($0.08)||($0.03)||$29.60 million||$31.10 million||View||N/A|
|8/14/2014||Q214||($0.05)||($0.03)||$26.71 million||$28.60 million||View||N/A|
|5/8/2014||Q114||($0.06)||$0.04||$30.03 million||$33.80 million||View||N/A|
Earnings Estimates for Paylocity Holding Corporation (NASDAQ:PCTY)
2017 EPS Consensus Estimate: $0.04
2018 EPS Consensus Estimate: $0.37
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Paylocity Holding Corporation (NASDAQ:PCTY)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Paylocity Holding Corporation (NASDAQ:PCTY)
Insider Ownership Percentage: 53.10%Insider Trades by Quarter for Paylocity Holding Corporation (NASDAQ:PCTY)
Institutional Ownership Percentage: 60.87%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|10/6/2017||Steven R Beauchamp||CEO||Sell||5,470||$50.09||$273,992.30|| |
|10/4/2017||Steven R Beauchamp||CEO||Sell||24,530||$50.24||$1,232,387.20|| |
|10/3/2017||Steven R Beauchamp||CEO||Sell||23,530||$50.25||$1,182,382.50|| |
|9/1/2017||Edward W Gaty||SVP||Sell||5,185||$48.92||$253,650.20|| |
|8/17/2017||Jeffrey T. Diehl||Director||Sell||1,155,000||$45.00||$51,975,000.00|| |
|8/16/2017||Steven R Beauchamp||Insider||Sell||50,000||$46.38||$2,319,000.00|| |
|8/15/2017||Michael R Haske||Insider||Sell||11,400||$45.60||$519,840.00|| |
|8/15/2017||Steven I Sarowitz||Director||Sell||200,000||$44.81||$8,962,000.00|| |
|8/14/2017||Michael R Haske||VP||Sell||88,600||$45.21||$4,005,606.00|| |
|6/9/2017||Peter J Mcgrail||CFO||Sell||49,764||$47.27||$2,352,344.28|| |
|5/16/2017||Steven I Sarowitz||Director||Sell||27,301||$45.05||$1,229,910.05|| |
|5/15/2017||Edward W Gaty||SVP||Sell||4,257||$44.78||$190,628.46|| |
|5/15/2017||Mark S. Kinsey||Insider||Sell||1,000||$44.52||$44,520.00|| |
|5/15/2017||Michael R Haske||VP||Sell||100,000||$44.62||$4,462,000.00|| |
|5/12/2017||Steven I Sarowitz||Director||Sell||172,699||$44.37||$7,662,654.63|| |
|4/25/2017||Michael R Haske||VP||Sell||4,598||$40.04||$184,103.92|| |
|4/25/2017||Steven I Sarowitz||Director||Sell||3,588||$40.04||$143,663.52|| |
|4/25/2017||Steven R Beauchamp||Insider||Sell||1,330||$40.05||$53,266.50|| |
|3/28/2017||Steven I Sarowitz||Director||Sell||50,000||$38.09||$1,904,500.00|| |
|3/28/2017||Steven R Beauchamp||Insider||Sell||20,000||$38.13||$762,600.00|| |
|2/22/2017||Steven I Sarowitz||Director||Sell||25,000||$37.00||$925,000.00|| |
|2/16/2017||Peter J Mcgrail||CFO||Sell||5,000||$36.27||$181,350.00|| |
|2/15/2017||Steven R Beauchamp||Insider||Sell||20,000||$36.09||$721,800.00|| |
|2/9/2017||Steven R Beauchamp||Insider||Sell||40,000||$34.38||$1,375,200.00|| |
|11/16/2016||Peter J Mcgrail||CFO||Sell||5,000||$34.28||$171,400.00|| |
|9/13/2016||Peter J Mcgrail||CFO||Sell||5,000||$43.17||$215,850.00|| |
|8/15/2016||Michael R Haske||VP||Sell||100,000||$45.33||$4,533,000.00|| |
|8/11/2016||Steven R Beauchamp||Insider||Sell||100,000||$45.52||$4,552,000.00|| |
|6/7/2016||Michael R Haske||VP||Sell||60,000||$38.93||$2,335,800.00|| |
|6/7/2016||Steven R Beauchamp||CEO||Sell||20,000||$40.01||$800,200.00|| |
|6/2/2016||Steven R Beauchamp||CEO||Sell||20,000||$38.13||$762,600.00|| |
|5/26/2016||Peter J Mcgrail||CFO||Sell||5,000||$35.90||$179,500.00|| |
|5/24/2016||Steven R Beauchamp||CEO||Sell||10,209||$36.23||$369,872.07|| |
|5/20/2016||Michael R Haske||VP||Sell||11,224||$35.34||$396,656.16|| |
|5/19/2016||Michael R Haske||VP||Sell||28,776||$35.24||$1,014,066.24|| |
|5/17/2016||Steven R Beauchamp||CEO||Sell||9,791||$36.06||$353,063.46|| |
|5/10/2016||Steven R Beauchamp||CEO||Sell||40,000||$34.79||$1,391,600.00|| |
|2/22/2016||Steven R Beauchamp||CEO||Sell||40,000||$28.86||$1,154,400.00|| |
|12/3/2015||Michael R. Haske||VP||Sell||50,000||$43.54||$2,177,000.00|| |
|11/30/2015||Peter J. Mcgrail||CFO||Sell||25,184||$43.87||$1,104,822.08|| |
|11/30/2015||Steven R. Beauchamp||CEO||Sell||40,000||$44.03||$1,761,200.00|| |
|11/24/2015||Adams Street Partners Llc||Major Shareholder||Sell||1,500,000||$42.50||$63,750,000.00|| |
|11/24/2015||Steven R Beauchamp||CEO||Sell||100,000||$42.50||$4,250,000.00|| |
|10/8/2015||Adams Street Partners Llc||Major Shareholder||Sell||228,192||$29.75||$6,788,712.00|| |
|10/8/2015||Steven I Sarowitz||Director||Sell||332,808||$29.75||$9,901,038.00|| |
|9/30/2015||Peter J. Mcgrail||CFO||Sell||40,000||$29.75||$1,190,000.00|| |
|9/30/2015||Steven I Sarowitz||Director||Sell||1,500,000||$29.75||$44,625,000.00|| |
|8/17/2015||Steven R Beauchamp||CEO||Sell||40,000||$34.07||$1,362,800.00|| |
|5/20/2015||Adams Street Partners Llc||Major Shareholder||Sell||973,161||$32.00||$31,141,152.00|| |
|5/15/2015||Steven R Beauchamp||CEO||Sell||40,000||$33.25||$1,330,000.00|| |
|5/12/2015||Michael R Haske||VP||Sell||35,000||$33.74||$1,180,900.00|| |
|3/12/2015||Michael R Haske||VP||Sell||38,000||$29.08||$1,105,040.00|| |
|1/9/2015||Adams Street Partners Llc||Major Shareholder||Sell||567,891||$26.25||$14,907,138.75|| |
|1/9/2015||Jeffrey T Diehl||Director||Sell||148,891||$26.25||$3,908,388.75|| |
|1/9/2015||Peter J Mcgrail||CFO||Sell||2,928||$26.25||$76,860.00|| |
|1/9/2015||Steven R Beauchamp||CEO||Sell||23,580||$26.25||$618,975.00|| |
|12/17/2014||Adams Street Partners Llc||Major Shareholder||Sell||1,628,283||$26.25||$42,742,428.75|| |
|12/17/2014||Michael R Haske||VP||Sell||38,442||$26.25||$1,009,102.50|| |
|12/17/2014||Peter J Mcgrail||CFO||Sell||30,389||$26.25||$797,711.25|| |
|12/17/2014||Steven I Sarowitz||Director||Sell||1,908,081||$26.25||$50,087,126.25|| |
|12/17/2014||Steven R Beauchamp||CEO||Sell||244,805||$26.25||$6,426,131.25|| |
|11/13/2014||Jenifer L Page||VP||Sell||25,676||$26.78||$687,603.28|| |
|3/24/2014||Ronald V Waters||Director||Buy||10,000||$17.00||$170,000.00|| |
|3/24/2014||Steven I Sarowitz||Major Shareholder||Sell||1,666,666||$17.00||$28,333,322.00|| |
Headline Trends for Paylocity Holding Corporation (NASDAQ:PCTY)
Latest Headlines for Paylocity Holding Corporation (NASDAQ:PCTY)
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Paylocity Holding Corporation (PCTY) Chart for Sunday, October, 22, 2017