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
SymbolNASDAQ:PCTY
CUSIPN/A
Phone847-463-3200
Debt
Debt-to-Equity Ratio0.01
Current Ratio1.08
Quick Ratio1.08
Price-To-Earnings
Trailing P/E Ratio215.58
Forward P/E Ratio91.23
P/E Growth4.27
Sales & Book Value
Annual Sales$363.52 million
Price / Sales9.93
Cash Flow$0.7575 per share
Price / Cash90.32
Book Value$4.04 per share
Price / Book16.94
Profitability
EPS (Most Recent Fiscal Year)$0.31
Net Income$38.59 million
Net Margins10.22%
Return on Equity12.44%
Return on Assets1.55%
Miscellaneous
Employees2,600
Outstanding Shares52,770,000
Market Cap$4.24 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) posted its quarterly earnings data on Thursday, August, 9th. The software maker reported $0.11 earnings per share (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 the consensus estimate of $93.33 million. Paylocity had a net margin of 10.22% and a return on equity of 12.44%. Paylocity's revenue for the quarter was up 27.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.09 earnings per share. View Paylocity's Earnings History.
When is Paylocity's next earnings date?
What price target have analysts set for PCTY?
15 analysts have issued 1 year price targets for Paylocity's shares. Their forecasts range from $45.00 to $91.00. On average, they expect Paylocity's stock price to reach $69.5385 in the next twelve months. This suggests a possible upside of 1.6% 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 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. 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. Moreover, estimates have been going down ahead of the company’s Q1 earnings release. The company has mixed record of earnings surprises in recent quarters. Also, competition in the payroll processing sector from new entrants as well as existing players remains a concern." (10/10/2018)
- 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)
Are investors shorting Paylocity?
Paylocity saw a decline in short interest during the month of September. As of September 14th, there was short interest totalling 1,193,512 shares, a decline of 28.3% from the August 31st total of 1,664,829 shares. Based on an average trading volume of 379,889 shares, the days-to-cover ratio is presently 3.1 days. Currently, 3.8% of the company's shares are short sold. View Paylocity's Current Options Chain.
Who are some of Paylocity's key competitors?
Some companies that are related to Paylocity include ANSYS (ANSS), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Veeva Systems (VEEV), Citrix Systems (CTXS), Synopsys (SNPS), Mobileye (MBBYF), SS&C Technologies (SSNC), Symantec (SYMC), Cadence Design Systems (CDNS), PTC (PTC), UBISOFT Entmt S/ADR (UBSFY), Temenos (TMNSF), Dropbox (DBX), Atlassian (TEAM) and The Ultimate Software Group (ULTI).
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)
Who are Paylocity's major shareholders?
Paylocity's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Riverbridge Partners LLC (1.72%), Bank of Montreal Can (0.02%), Atria Investments LLC (0.01%) and We Are One Seven 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 major investors are selling Paylocity stock?
PCTY stock was sold by a variety of institutional investors in the last quarter, including Riverbridge Partners LLC. 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 major investors are buying Paylocity stock?
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 $68.42.
How big of a company is Paylocity?
Paylocity has a market capitalization of $4.24 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.
