Paylocity Hlds

Paylocity Holding Corp. engages in the development and provision of cloud-based software solutions. It offers cloud-based payroll, human capital management applications, time labor tracking, benefits administration, and talent management. The company was founded by Steve I. Sarowitz in 1997 and is headquartered in Schaumburg, IL.

Earnings data Q3 2021

Earnings data Q4 2021

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Paylocity's Q3 Revenue Surges, AI Assist Enhances Communication Efficiency

Paylocity's Q3 performance exceeded expectations, driven by strong revenue growth and operational execution. The company's AI Assist and product development received accolades, while sales execution remained robust. Challenges include addressing macro headwinds and international expansion, but opportunities exist in leveraging AI and expanding market share.

Paylocity exceeds Q2 expectations, focuses on engagement and growth

Paylocity's Q2 performance exceeded expectations, driven by revenue growth and profitability focus. The company's strengths include client engagement, retention, and successful investments. Challenges include maintaining workforce growth and balancing investments. Opportunities lie in revenue growth, technology leverage, and strategic initiatives.

Paylocity impresses with Q3 growth, AI innovation, and market positioning

Paylocity's Q3 performance reflects strong revenue growth, exceeding guidance, and industry recognition, underpinned by innovative product offerings.
While facing challenges in international expansion and competitive differentiation, the company's strengths in culture, product strategy, and sales execution position it well for future growth.
Opportunities lie in leveraging AI capabilities, targeting larger clients, and refining sales strategies to sustain growth momentum and market leadership.

Paylocity reports stellar Q4 results, eyes growth amidst challenges

Paylocity's Q4 performance reflects robust revenue growth, profitability, and client expansion, underpinned by strategic sales focus and innovative product offerings.
The company's strengths in market leadership, product innovation, and strategic positioning position it well to capitalize on growth opportunities and navigate challenges in fiscal '24.
While challenges in margin improvement, sales strategy optimization, and market uncertainties persist, Paylocity's focus on growth, innovation, and market competitiveness present avenues for sustained success.
With a strong financial outlook, expanding client base, and focus on driving growth, Paylocity is poised to leverage market opportunities, enhance customer value, and deliver strong performance in the upcoming fiscal year.

Paylocity exceeds Q1 revenue targets, focuses on innovation and growth

Paylocity's Q1 2024 performance demonstrated resilience and growth despite challenges in employee growth, with a focus on product innovation and maintaining a strong sales strategy.
The company's strengths lie in driving average revenue per customer increases, successful attach rates for new products, and a culture of employee engagement and gratitude.
Challenges include addressing employee growth discrepancies, optimizing sales efficiency, and meeting long-term growth targets, while opportunities exist in product innovation, customer relationships, and market expansion.

Paylocity reports robust Q2 earnings, eyes AI growth opportunities

Paylocity's Q2 2024 earnings call highlighted strong financial performance, increased profitability, and positive client feedback on new products despite macro challenges.
The company's leading AI capabilities, consistent capital allocation strategy, and growth levers signal resilience and strategic focus amidst market dynamics.
Challenges in moderating revenue growth and addressing operational concerns underscore the need for strategic adjustments and continued innovation for sustained success.

Paylocity reports robust Q3 results, focuses on reducing costs

Paylocity's Q3 performance reflects strong revenue growth and profitability levels, with a focus on reducing stock-based compensation and enhancing shareholder value.
Market recognition and customer satisfaction remain high, supported by well-received new products and consistent customer uptake across segments.
Challenges in sales cycles and workforce levels are noted, highlighting the need for strategic adjustments to maintain growth and profitability targets.

Paylocity posts strong Q4 results, eyes growth amid tax changes

Paylocity's Q4 performance reflects steady growth in revenue and client base, supported by new offerings and industry recognition. While transitioning to a full cash taxpayer poses challenges, strategic investments and leadership changes offer opportunities for future growth and innovation.

Paylocity excels in Q1, raises guidance on strategic growth

Paylocity's Q1 '25 performance reflects robust revenue growth, exceeding EBITDA expectations, and strong liquidity position.
The company's strategic initiatives, including the Airbase acquisition and AI assistant launch, position it for continued success.
Challenges lie in balancing growth with profitability and navigating market dynamics, while opportunities exist in revenue expansion and operational optimization.

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Q 1 2024 Recurring & Other Revenue of $291.7 million, up 19% year-over-year Q 1 2024 Total Revenue of $317.6 million, up 25% year-over-year SCHAUMBURG, Ill., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation (Nasdaq: PCTY), a leading provider of cloud-based HCM and payroll software solutions, today announced financial results for the first quarter of fiscal year 2024, which ended September 30, 2023.

Paylocity Announces First Quarter Fiscal Year 2024 Financial Results

Paylocity (PCTY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Paylocity (PCTY) Could Beat Earnings Estimates Again

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Why Paylocity (PCTY) is a Top Growth Stock for the Long-Term

Paylocity (PCTY) introduces two fresh product offerings, which are designed to enhance employee engagement.

Paylocity (PCTY) Launches Products for Workforce Engagement

SCHAUMBURG, Ill., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Paylocity (NASDAQ: PCTY), a leading provider of cloud-based HR and payroll software solutions, today introduces two new products, Recognition & Rewards and Employee Voice, to help business leaders and HR teams build culture and employee engagement while attracting and retaining talent more effectively.

Paylocity Introduces New Products Designed to Further Engage Today's Modern Workforce

SCHAUMBURG, Ill., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation (Nasdaq: PCTY ), a leading provider of cloud-based HR and payroll software solutions, today announced that it has scheduled a conference call to review its first quarter fiscal 2024 results for Thursday, November 2nd at 4:30 pm Central Time (5:30 pm Eastern Time).

Paylocity announces Q1 FY24 earnings conference call

SCHAUMBURG, Ill., Oct. 09, 2023 (GLOBE NEWSWIRE) -- Paylocity (NASDAQ: PCTY), a leading provider of cloud-based HR and payroll software solutions, today announced the winners of its inaugural Elevate Awards, honoring forward-thinking HR teams that are solving business challenges through innovative use of technology.

Paylocity Recognizes Outstanding Achievements in Modern HCM with its Inaugural Elevate Awards

Paylocity (Nasdaq: PCTY), a leading provider of cloud-based HCM and payroll software solutions, today announced Linda Breard has joined the Company's Board

Paylocity adds Linda Breard to Board of Directors

Though Paylocity (PCTY) is out of favor among investors at present, we consider that it is wise to invest in the stock for long-term gains, given the strength of its fundamentals and solid prospects.

Here's Why Investors Should Add Paylocity (PCTY) to Portfolio

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The consensus price target hints at a 27.7% upside potential for Paylocity (PCTY). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Think Paylocity (PCTY) Could Surge 27.67%: Read This Before Placing a Bet

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We have selected five Nasdaq Composite-listed technology stocks that have strong potential for the rest of 2023. These are: NVDA, PCTY, WDAY, SMCI, MANH.

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Abate to Headline "The Future of HCM Now" Broadcast Event - An Exploration of How Organizations and Their Employees Can Thrive in Uncertain Times Abate to Headline "The Future of HCM Now" Broadcast Event - An Exploration of How Organizations and Their Employees Can Thrive in Uncertain Times

Paylocity Partners with Visionary Elatia Abate Focusing on the Evolution of Modern HCM

Paylocity's (PCTY) Q4 earnings and revenues benefit from better sales execution and sustained investments in technological upgrades and product innovation.

Paylocity (PCTY) Q4 Earnings and Revenues Surpass Estimates

Paylocity Holding Corporation (NASDAQ:PCTY ) Q4 2023 Earnings Conference Call August 3, 2023 5:30 PM ET Company Participants Ryan Glenn - CFO & Treasurer Steven Beauchamp - Co-CEO & Director Toby Williams - President, Co-CEO & Director Conference Call Participants Brad Reback - Stifel, Nicolaus & Company Sheldon McMeans - Barclays Bank Bryan Bergin - TD Cowen Terrell Tillman - Truist Securities Aleksandr Zukin - Wolfe Research Jason Celino - KeyBanc Capital Markets Mark Marcon - Robert W. Baird & Co. Owen Hobbs - JMP Securities Samad Samana - Jefferies Brian Peterson - Raymond James & Associates Daniel Jester - BMO Capital Markets Robert Simmons - D.A.

Paylocity Holding Corporation (PCTY) Q4 2023 Earnings Call Transcript

Paylocity Strengthens HCM Platform with New Products and Features, Advancing the Transformation of the HR Industry Paylocity Strengthens HCM Platform with New Products and Features, Advancing the Transformation of the HR Industry

Paylocity Unveils New Products and Features to Further Extend its Innovation and Leadership in the HCM Industry

Building the Future of HCM: Paylocity Emerges as Leader, Offering Future-Ready Solutions for Immediate and Long-Term Benefits Building the Future of HCM: Paylocity Emerges as Leader, Offering Future-Ready Solutions for Immediate and Long-Term Benefits

NelsonHall Names Paylocity a Leader in its 2023 Next-Generation HCM Technology NEAT Report

SCHAUMBURG, Ill., July 12, 2023 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation (Nasdaq: PCTY), a leading provider of cloud-based HR and payroll software solutions, today announced that it has scheduled a conference call to review its fourth quarter and fiscal 2023 results for Thursday, August 3rd at 4:30 pm Central Time (5:30 pm Eastern Time).

Paylocity announces Q4 and FY23 earnings conference call

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Investors may bet on Paylocity (PCTY) stock right now considering the company's impressive growth profile and attractive valuation.

Here's Why Investors May Bet on Paylocity (PCTY) Stock Now

PCTY has shown impressive growth, profitability, and cash flow generation, despite the ongoing macroeconomic situation. The company has no debt and is benefiting from the increasing demand for its solutions. Risk remains minimal. I continue to assign an overweight rating on the stock. Currently trading at ~$179, PCTY appears undervalued based on my target price model.

Paylocity: No Visible Weakness

I have covered Paylocity twice before and assigned it a "Hold" rating both times. I am now upgrading my rating to a "Buy" as Paylocity's earnings have grown substantially over the past few years with little dilution. If Paylocity meets its long-term financial targets, I think the stock could grow at a 20-25% CAGR due to earnings growth and multiple expansion.

News for Paylocity Hlds Stock (PCTY)