PCTY - Paylocity Holding Corp Stock Price, Fair Value and News

168.28USD-0.81 (-0.48%)Market Closed

Market Summary

USD168.28-0.81

Market Closed

-0.48%

PCTY Alerts

Big jump in Earnings (Y/Y)

PCTY Stock Price

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PCTY RSI Chart

PCTY Valuation

Market Cap

9.5B

Price/Earnings (Trailing)

48.65

Price/Sales (Trailing)

7.02

EV/EBITDA

17.77

Price/Free Cashflow

26.64

PCTY Price/Sales (Trailing)

PCTY Profitability

Operating Margin

88.98%

EBT Margin

19.24%

Return on Equity

17.76%

Return on Assets

3.94%

Free Cashflow Yield

3.75%

PCTY Fundamentals

PCTY Revenue

Revenue (TTM)

1.4B

Rev. Growth (Yr)

18.07%

Rev. Growth (Qtr)

22.96%

PCTY Earnings

Earnings (TTM)

195.2M

Earnings Growth (Yr)

48.07%

Earnings Growth (Qtr)

123.83%

Breaking Down PCTY Revenue

Last 7 days

12.8%

Last 30 days

0.0%

Last 90 days

-2.1%

Trailing 12 Months

-0.8%

How does PCTY drawdown profile look like?

PCTY Financial Health

Current Ratio

1.13

Debt/Equity

0.09

Debt/Cashflow

3.81

PCTY Investor Care

Shares Dilution (1Y)

1.10%

Diluted EPS (TTM)

3.44

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	1.4B	0	0	0
2023	1.1B	1.2B	1.2B	1.3B
2022	791.2M	852.7M	924.2M	1.0B
2021	598.8M	635.6M	681.5M	731.2M
2020	551.1M	561.3M	570.4M	584.4M
2019	443.9M	467.6M	493.8M	519.0M
2018	357.0M	377.5M	396.5M	417.7M
2017	283.8M	300.0M	316.5M	333.8M
2016	210.9M	230.7M	250.6M	264.1M
2015	141.3M	152.7M	166.7M	187.6M
2014	100.3M	108.7M	117.4M	127.8M
2013	71.7M	77.3M	83.8M	90.5M
2012	0	55.1M	60.6M	66.2M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Paylocity Holding Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 14, 2024	diehl jeffrey t	sold	-1,499,090	167	-8,976	-
Mar 14, 2024	diehl jeffrey t	sold	-1,668,110	167	-9,988	-
Mar 14, 2024	diehl jeffrey t	sold	-6,077	168	-36.00	-
Mar 14, 2024	diehl jeffrey t	sold	-44,230	168	-262	-
Mar 14, 2024	diehl jeffrey t	sold	-228,805	167	-1,370	-
Mar 14, 2024	diehl jeffrey t	sold	-12,492	168	-74.00	-
Mar 14, 2024	diehl jeffrey t	sold	-23,297	168	-138	-
Mar 14, 2024	diehl jeffrey t	sold	-471,303	167	-2,822	-
Mar 14, 2024	diehl jeffrey t	sold	-229,807	167	-1,376	-
Mar 14, 2024	diehl jeffrey t	sold	-39,503	168	-234	-

Which funds bought or sold PCTY recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 07, 2024	Swiss National Bank	reduced	-4.2	-28,719	23,140,900	0.02%
May 07, 2024	QRG CAPITAL MANAGEMENT, INC.	added	25.95	348,223	1,460,470	0.02%
May 07, 2024	TimesSquare Capital Management, LLC	reduced	-23.62	-9,418,000	36,820,000	0.54%
May 07, 2024	ASSETMARK, INC	reduced	-2.19	445	23,029	-%
May 07, 2024	M&T Bank Corp	reduced	-14.48	-39,471	332,305	-%
May 07, 2024	Arizona State Retirement System	added	0.08	88,299	2,124,360	0.01%
May 07, 2024	Donoghue Forlines LLC	new	-	215,512	215,512	0.06%
May 07, 2024	CHILTON CAPITAL MANAGEMENT LLC	unchanged	-	35.00	860	-%
May 07, 2024	ClariVest Asset Management LLC	sold off	-100	-1,248,080	-	-%
May 07, 2024	Washington Trust Advisors, Inc.	unchanged	-	128	3,129	-%

Are Funds Buying or Selling PCTY?

Are funds buying PCTY calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own PCTY

No. of Funds

PCTY Alerts

Big jump in Earnings (Y/Y)

Unveiling Paylocity Holding Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	t. rowe price investment management, inc.	5.5%	3,082,693	SC 13G
Feb 14, 2024	price t rowe associates inc /md/	15.2%	8,556,279	SC 13G/A
Feb 13, 2024	vanguard group inc	7.40%	4,158,224	SC 13G/A
Feb 09, 2024	sarowitz steven i	17.1%	9,611,913	SC 13G/A
Jan 26, 2024	blackrock inc.	7.9%	4,419,128	SC 13G/A
Dec 11, 2023	price t rowe associates inc /md/	15.6%	8,760,066	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	10.4%	5,780,587	SC 13G/A
Feb 09, 2023	vanguard group inc	7.34%	4,087,495	SC 13G/A
Feb 03, 2023	sarowitz steven i	19.7%	10,971,951	SC 13G/A
Feb 03, 2023	blackrock inc.	8.0%	4,475,267	SC 13G/A

Recent SEC filings of Paylocity Holding Corp

View All Filings

Date Filed	Form Type	Document
May 03, 2024	10-Q	Quarterly Report
May 02, 2024	8-K	Current Report
Apr 05, 2024	8-K	Current Report
Mar 18, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading
Mar 15, 2024	4	Insider Trading
Mar 15, 2024	4	Insider Trading
Mar 14, 2024	4	Insider Trading
Mar 14, 2024	4	Insider Trading
Mar 13, 2024	4	Insider Trading

Peers (Alternatives to Paylocity Holding Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CRM	270.6B	34.9B	-7.55%	38.66%	65.42	7.76	11.18%	1888.46%
UBER	138.8B	38.6B	-11.48%	73.92%	99.85	3.6	14.01%	141.26%
ADSK	45.8B	5.3B	-12.99%	11.01%	49.91	8.56	9.15%	48.14%
ANSS	28.6B	2.2B	-4.93%	11.41%	65.72	12.82	3.59%	-21.47%
ZM	18.4B	4.5B	-2.81%	-3.65%	28.89	4.07	3.06%	514.65%
MID-CAP
APPF	8.8B	671.8M	4.95%	74.44%	115.57	13.16	33.64%	185.98%
LYFT	6.9B	4.4B	-0.28%	106.26%	-20.13	1.56	7.53%	78.52%
ALRM	3.4B	881.7M	-1.59%	44.62%	42.65	3.89	4.64%	44.42%
AYX	3.4B	970.0M	0.90%	-15.87%	-19.13	3.53	13.46%	43.89%
AI	2.9B	296.4M	-2.16%	22.89%	-10.83	9.93	11.14%	-3.59%
AGYS	2.2B	228.1M	-3.45%	3.25%	25.25	9.66	18.99%	599.09%
SMALL-CAP
AVID	1.2B	413.5M	0.63%	-1.64%	92.02	2.88	-1.65%	-71.35%
AEYE	217.4M	31.6M	98.83%	174.78%	-37.03	6.87	2.76%	43.72%
APPS	217.3M	572.4M	-0.93%	-81.81%	-1.1	0.38	-19.38%	-489.49%
ASUR	186.9M	117.7M	-6.70%	-50.24%	-18.95	1.59	12.54%	11.24%

Paylocity Holding Corp News

Latest updates

Paylocity Holding Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	23.0%	401	326	318	308	340	273	253	229	246	196	182	167	186	146	136	131	172	132	127	120	140
Gross Profit	30.3%	285	219	216	212	244	183	169	152	170	125	118	108	129	93.00	86.00	85.00	124	87.00	84.00	80.00	100
Operating Expenses	5.8%	179	169	175	162	164	165	162	133	123	117	108	99.00	90.00	86.00	83.00	78.00	76.00	81.00	78.00	71.00	64.00
S&GA Expenses	8.8%	87.00	80.00	80.00	76.00	74.00	76.00	71.00	60.00	53.00	52.00	50.00	46.00	40.00	38.00	38.00	33.00	38.00	37.00	37.00	32.00	28.00
R&D Expenses	-6.0%	43.00	46.00	45.00	41.00	42.00	41.00	40.00	29.00	26.00	25.00	23.00	20.00	18.00	19.00	19.00	17.00	16.00	15.00	14.00	13.00	13.00
EBITDA Margin	6.3%	0.25*	0.23*	0.21*	0.19*	0.17*	0.15*	0.14*	0.16*	0.15*	0.15*	0.16*	0.16*	-	-	-	-	-	-	-	-	-
Interest Expenses	1.6%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-	-	-	-
Income Taxes	64.4%	25.00	15.00	10.00	15.00	24.00	3.00	-23.43	3.00	12.00	-2.09	-20.80	-2.88	2.00	-3.67	-9.27	1.00	8.00	1.00	-7.43	-0.36	9.00
Earnings Before Taxes	106.7%	111	54.00	44.00	52.00	82.00	18.00	7.00	19.00	47.00	8.00	10.00	9.00	39.00	6.00	3.00	6.00	48.00	6.00	6.00	10.00	37.00
EBT Margin	7.5%	0.19*	0.18*	0.16*	0.14*	0.11*	0.09*	0.09*	0.10*	0.09*	0.09*	0.09*	0.09*	-	-	-	-	-	-	-	-	-
Net Income	123.8%	85.00	38.00	35.00	37.00	58.00	16.00	30.00	15.00	35.00	10.00	31.00	12.00	37.00	10.00	12.00	5.00	40.00	5.00	14.00	10.00	28.00
Net Income Margin	11.2%	0.14*	0.13*	0.12*	0.12*	0.11*	0.10*	0.10*	0.11*	0.11*	0.12*	0.13*	0.11*	-	-	-	-	-	-	-	-	-
Free Cashflow	123.8%	162	72.00	59.00	63.00	125	59.00	13.00	47.00	74.00	24.00	-7.35	38.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	10.2%	4,953	4,493	3,647	3,696	4,194	3,938	3,095	4,809	5,079	2,589	3,812	2,415	2,664	2,851	2,005	1,986	2,257	2,323	1,598	1,804	2,095
Current Assets	11.6%	4,247	3,807	2,983	3,048	3,566	3,309	2,480	4,232	4,517	2,087	3,332	2,033	2,298	2,496	1,673	1,663	1,958	2,034	1,326	1,596	1,908
Cash Equivalents	875.0%	3,577	367	305	289	234	120	65.00	3,793	96.00	84.00	66.00	202	175	219	222	1,492	114	76.00	101	1,426	91.00
Net PPE	-3.8%	61.00	63.00	63.00	64.00	60.00	60.00	61.00	63.00	64.00	62.00	62.00	60.00	62.00	64.00	66.00	67.00	69.00	71.00	73.00	70.00	65.00
Goodwill	-0.9%	109	110	102	102	102	102	102	102	102	68.00	68.00	34.00	33.00	33.00	22.00	22.00	12.00	10.00	-	-	-
Liabilities	9.9%	3,854	3,506	2,754	2,853	3,425	3,260	2,484	4,196	4,514	2,082	3,344	1,938	2,209	2,443	1,618	1,593	1,883	1,992	1,289	1,496	1,809
Current Liabilities	10.0%	3,765	3,423	2,672	2,775	3,355	3,189	2,412	4,121	4,438	2,006	3,273	1,867	2,138	2,271	1,445	1,409	1,797	1,912	1,211	1,456	1,776
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	100	100	-	-	-	-	-
Shareholder's Equity	11.4%	1,099	987	893	843	769	678	611	613	565	507	468	477	455	408	387	393	374	332	309	308	286
Retained Earnings	15.8%	625	539	501	467	429	372	356	326	311	276	266	235	223	186	177	164	159	119	114	100	90.00
Additional Paid-In Capital	6.4%	475	447	396	381	341	310	259	290	256	231	202	242	231	222	210	228	215	212	196	208	197
Shares Outstanding	0.2%	56.00	56.00	56.00	56.00	56.00	56.00	55.00	55.00	55.00	55.00	55.00	54.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	-	-	8,200	-	-	-	9,400	-	-	-	7,800	-	-	-	4,200	-	-	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	123.2%	168	75.00	62.00	77.00	127	62.00	16.00	50.00	79.00	31.00	-4.13	39.00	66.00	21.00	-1.57	26.00	51.00	28.00	8.00	36.00	45.00
Share Based Compensation	-19.1%	35.00	43.00	39.00	31.00	33.00	44.00	40.00	26.00	24.00	26.00	20.00	16.00	16.00	17.00	14.00	13.00	10.00	13.00	12.00	10.00	9.00
Cashflow From Investing	73.1%	-14.22	-52.78	-9.40	79.00	-166	-42.70	-89.48	-198	-63.04	-20.18	-198	11.00	15.00	-4.44	28.00	135	-29.64	-120	-33.21	31.00	-28.80
Cashflow From Financing	-60.4%	298	752	-122	-572	132	769	-1,763	-331	2,403	-1,264	1,365	-298	-259	820	18.00	-302	-123	694	-265	-328	461
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35.00	-	-

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PCTY Income Statement

2024-03-31

Unaudited Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Revenues:
Recurring and other revenue	$ 366,840	$ 314,170	$ 956,941	$ 816,010
Interest income on funds held for clients	34,441	25,687	88,287	50,135
Total revenues	401,281	339,857	1,045,228	866,145
Cost of revenues	115,983	95,714	324,849	270,333
Gross profit	285,298	244,143	720,379	595,812
Operating expenses:
Sales and marketing	86,760	74,064	246,940	220,821
Research and development	43,386	42,323	134,130	123,445
General and administrative	48,863	47,379	142,125	145,872
Total operating expenses	179,009	163,766	523,195	490,138
Operating income	106,289	80,377	197,184	105,674
Other income	4,324	1,139	11,349	971
Income before income taxes	110,613	81,516	208,533	106,645
Income tax expense	25,299	23,900	50,586	3,077
Net income	85,314	57,616	157,947	103,568
Other comprehensive income (loss), net of tax	(1,227)	1,919	3,822	63
Comprehensive income	$ 84,087	$ 59,535	$ 161,769	$ 103,631
Net income per share:
Basic (in dollars per share)	$ 1.51	$ 1.03	$ 2.81	$ 1.86
Diluted (in dollars per share)	$ 1.50	$ 1.02	$ 2.77	$ 1.83
Weighted-average shares used in computing net income per share:
Basic (in shares)	56,369	55,788	56,216	55,653
Diluted (in shares)	57,048	56,555	56,975	56,560

PCTY Balance Sheet

2024-03-31

Unaudited Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Current assets:
Cash and cash equivalents	$ 492,695	$ 288,767
Accounts receivable, net	33,714	25,085
Deferred contract costs	92,450	78,109
Prepaid expenses and other	36,476	35,061
Total current assets before funds held for clients	655,335	427,022
Funds held for clients	3,591,198	2,621,415
Total current assets	4,246,533	3,048,437
Capitalized internal-use software, net	110,681	86,127
Property and equipment, net	60,773	64,069
Operating lease right-of-use assets	35,705	44,067
Intangible assets, net	30,868	34,527
Goodwill	108,527	102,054
Long-term deferred contract costs	333,393	294,222
Long‑term prepaid expenses and other	7,404	6,331
Deferred income tax assets	19,153	15,846
Total assets	4,953,037	3,695,680
Current liabilities:
Accounts payable	5,181	6,153
Accrued expenses	170,575	143,287
Total current liabilities before client fund obligations	175,756	149,440
Client fund obligations	3,589,437	2,625,355
Total current liabilities	3,765,193	2,774,795
Long-term operating lease liabilities	48,888	62,471
Other long-term liabilities	6,008	3,731
Deferred income tax liabilities	33,534	11,820
Total liabilities	3,853,623	2,852,817
Stockholders’ equity:
Preferred stock, $0.001 par value, 5,000 authorized, no shares issued and outstanding at June 30, 2023 and March 31, 2024	0	0
Common stock, $0.001 par value, 155,000 shares authorized at June 30, 2023 and March 31, 2024; 55,912 shares issued and outstanding at June 30, 2023 and 56,427 shares issued and outstanding at March 31, 2024	56	56
Additional paid-in capital	475,414	380,632
Retained earnings	624,637	466,690
Accumulated other comprehensive loss	(693)	(4,515)
Total stockholders' equity	1,099,414	842,863
Total liabilities and stockholders’ equity	$ 4,953,037	$ 3,695,680

About Paylocity Holding Corp

Paylocity Holding Corporation provides cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers Payroll and Tax Services solution to simplifies payroll, automates processes, and manages compliance requirements within one system; and expense management, on demand payment, and garnishment solutions. It provides human capital management and employee self-service solutions, document library, compliance dashboard, and HR edge; time and attendance solution; schedule tracking services; and time collection devices, including kiosks, time clocks, and mobile and web applications. In addition, the company offers talent management solutions comprising recruiting and onboarding, as well as learning, performance, and compensation management; and third-party administrative solutions; employee experiences solutions, including community, premium video, survey, and peer recognition; and insights and recommendations solutions, such as modern workforce index, data insights, and reporting. Further, it provides implementation and training, client, and tax and regulatory services. The company serves for-profit and non-profit organizations across industries, including business services, financial services, healthcare, manufacturing, restaurants, retail, technology, and others. It sells its products through sales representatives. Paylocity Holding Corporation was founded in 1997 and is headquartered in Schaumburg, Illinois.

CEO	Mr. Steven R. Beauchamp
WEBSITE	paylocity.com
INDUSTRY	Software - Apps
EMPLOYEES	6100

Paylocity Holding Corp Frequently Asked Questions

What is the ticker symbol for Paylocity Holding Corp? What does PCTY stand for in stocks?

PCTY is the stock ticker symbol of Paylocity Holding Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Paylocity Holding Corp (PCTY)?

As of Wed May 08 2024, market cap of Paylocity Holding Corp is 9.5 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PCTY stock?

You can check PCTY's fair value in chart for subscribers.

What is the fair value of PCTY stock?

You can check PCTY's fair value in chart for subscribers. The fair value of Paylocity Holding Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Paylocity Holding Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PCTY so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Paylocity Holding Corp a good stock to buy?

The fair value guage provides a quick view whether PCTY is over valued or under valued. Whether Paylocity Holding Corp is cheap or expensive depends on the assumptions which impact Paylocity Holding Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PCTY.

What is Paylocity Holding Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed May 08 2024, PCTY's PE ratio (Price to Earnings) is 48.65 and Price to Sales (PS) ratio is 7.02. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PCTY PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Paylocity Holding Corp's stock?

In the past 10 years, Paylocity Holding Corp has provided 0.268 (multiply by 100 for percentage) rate of return.