Market Summary
USD178.45+1.72
Market Closed0.97%
PCTY Stock Price
PCTY RSI Chart
PCTY Valuation
PCTY Price/Sales (Trailing)
PCTY Profitability
PCTY Fundamentals
PCTY Revenue
PCTY Earnings
Price Action
52 Week Range
152.01276.88
(Low)(High)
Last 7 days
-5.1%
Last 30 days
-18.8%
Last 90 days
-11.9%
Trailing 12 Months
-6.8%
PCTY Financial Health
PCTY Investor Care
Peers (Alternatives to Paylocity Holding)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
MSFT | 2.1T | 204.1B | -1.92% | -6.89% | 30.5 | 10.08 | 10.38% | -5.25% |
ORCL | 228.6B | 46.1B | -7.20% | 4.35% | 25.98 | 4.96 | 11.29% | -14.28% |
CRM | 186.7B | 31.4B | 6.91% | -6.75% | 897.78 | 5.96 | 19.41% | -85.60% |
ADBE | 163.2B | 17.6B | -11.04% | -20.88% | 34.32 | 9.27 | 11.54% | -1.37% |
ZM | 20.9B | 4.4B | -7.13% | -28.23% | 201.15 | 4.75 | 7.15% | -92.46% |
AZPN | 12.1B | - | -3.12% | 49.09% | 44.35 | 17.39 | - | - |
| MID-CAP | ||||||||
PLAN | 9.6B | 631.5M | -1.97% | 16.85% | -45.68 | 15.19 | 33.30% | -26.60% |
MANH | 8.9B | 767.1M | -2.98% | 9.04% | 69.2 | 11.63 | 15.59% | 16.73% |
GWRE | 6.5B | 869.9M | 3.14% | -9.62% | -33 | 7.53 | 13.87% | -103.37% |
APPN | 3.1B | 468.0M | 2.00% | -15.48% | -20.53 | 6.62 | 26.74% | -70.26% |
PING | 2.4B | 308.3M | 1.17% | 7.67% | -23.16 | 7.93 | 13.75% | -237.98% |
| SMALL-CAP | ||||||||
ZUO | 1.2B | 383.7M | 4.07% | -32.35% | -9.91 | 3.24 | 14.43% | -50.89% |
YEXT | 1.2B | 399.9M | 30.95% | 57.36% | -14.32 | 2.91 | 4.73% | 8.15% |
UPLD | 152.1M | 317.3M | -43.48% | -70.17% | -2.22 | 0.48 | 5.06% | -17.52% |
Financials for Paylocity Holding
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 8.3% | 1,001 | 924 | 853 | 791 | 731 |
| Gross Profit | 9.4% | 674 | 616 | 566 | 522 | 481 |
| Operating Expenses | 8.9% | 582 | 535 | 481 | 448 | 414 |
| S&GA Expenses | 10.0% | 259 | 236 | 214 | 201 | 188 |
| R&D Expenses | 13.1% | 136 | 120 | 103 | 94.00 | 87.00 |
| EBITDA | 9.9% | 147 | 134 | 134 | 105 | - |
| EBITDA Margin | 1.4% | 0.15* | 0.14* | 0.16* | 0.13* | - |
| Earnings Before Taxes | 13.0% | 91.00 | 80.00 | 84.00 | 74.00 | 66.00 |
| EBT Margin | 4.3% | 0.09* | 0.09* | 0.10* | 0.09* | - |
| Interest Expenses | 10.3% | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | 6.4% | 96.00 | 90.00 | 91.00 | 88.00 | 90.00 |
| Net Income Margin | -1.8% | 0.10* | 0.10* | 0.11* | 0.11* | - |
| Free Cahsflow | 22.6% | 193 | 157 | 137 | 128 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 27.2% | 3,938 | 3,095 | 4,809 | 5,079 | 2,589 |
| Current Assets | 33.4% | 3,309 | 2,480 | 4,232 | 4,517 | 2,087 |
| Cash Equivalents | 83.3% | 120 | 65.00 | 140 | 96.00 | 84.00 |
| Net PPE | -2.4% | 60.00 | 61.00 | 63.00 | 64.00 | 62.00 |
| Goodwill | 0% | 102 | 102 | 102 | 102 | 68.00 |
| Liabilities | 31.2% | 3,260 | 2,484 | 4,196 | 4,514 | 2,082 |
| Current Liabilities | 32.2% | 3,189 | 2,412 | 4,121 | 4,438 | 2,006 |
| Shareholder's Equity | 11.0% | 678 | 611 | 613 | 565 | 507 |
| Retained Earnings | 4.4% | 372 | 356 | 326 | 311 | 276 |
| Additional Paid-In Capital | 19.6% | 310 | 259 | 290 | 256 | 231 |
| Accumulated Depreciation | 2.4% | 69.00 | 68.00 | - | - | - |
| Shares Outstanding | 0.2% | 56.00 | 56.00 | 55.00 | 55.00 | 55.00 |
| Float | - | 9,400 | - | - | - | - |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 17.9% | 207 | 176 | 155 | 144 | 132 |
| Share Based Compensation | 14.9% | 134 | 116 | 96.00 | 86.00 | 78.00 |
| Cashflow From Investing | -6.1% | -393 | -371 | -479 | -270 | -193 |
| Cashflow From Financing | 212.8% | 1,078 | -955 | 2,172 | 2,205 | -457 |
Risks for PCTY
What is the probability of a big loss on PCTY?
77.3%
Probability that Paylocity Holding stock will be more than 20% underwater in next one year
58.5%
Probability that Paylocity Holding stock will be more than 30% underwater in next one year.
30%
Probability that Paylocity Holding stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does PCTY drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Paylocity Holding was unfortunately bought at previous high price.
Drawdowns
Returns for PCTY
Cumulative Returns on PCTY
28.2%
7-Year Cumulative Returns
26.7%
5-Year Cumulative Returns
18.9%
3-Year Cumulative Returns
What are the long-term rolling returns for PCTY?
FIve years rolling returns for Paylocity Holding.
Annualized Returns
Which funds bought or sold PCTY recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 7.83 | -2,595,690 | 16,938,300 | 0.02% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 60.71 | 6,000 | 26,000 | -% |
2023-02-28 | Voya Investment Management LLC | reduced | -2.49 | -17,597,400 | 63,896,600 | 0.09% |
2023-02-24 | SRS Capital Advisors, Inc. | reduced | -25.93 | -3,115 | 3,885 | -% |
2023-02-22 | CVA Family Office, LLC | new | - | 971 | 971 | -% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 11.92 | -142,000 | 1,277,000 | 0.01% |
2023-02-21 | Empowered Funds, LLC | added | 227 | 693,938 | 1,118,940 | 0.07% |
2023-02-21 | Alamar Capital Management, LLC | reduced | -0.32 | -405,161 | 1,636,840 | 1.68% |
2023-02-21 | NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC | reduced | -35.48 | -686,481 | 740,519 | 0.02% |
2023-02-21 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | reduced | -69.09 | -19,395 | 6,605 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Paylocity Holding News
Schedule 13G FIlings of Paylocity Holding
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| 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 | |
| Feb 14, 2022 | price t rowe associates inc /md/ | 14.3% | 7,900,271 | SC 13G/A | |
| Feb 09, 2022 | paylocity holding corp | 21.5% | 11,871,008 | SC 13G/A | |
| Feb 03, 2022 | blackrock inc. | 7.4% | 4,053,700 | SC 13G/A | |
| Feb 16, 2021 | price t rowe associates inc /md/ | 13.2% | 7,180,653 | SC 13G/A | |
| Feb 11, 2021 | sarowitz steven i | 23.5% | 12,769,935 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 6.45% | 3,498,328 | SC 13G/A |
PCTY Fair Value
Paylocity Holding fair value in different scenarios
The table shows the Fair Value estimates for Paylocity Holding for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 47.07 -73.62% | 67.19 -62.35% | 102.33 -42.66% | 140.05 -21.52% | 162.54 -8.92% |
| Current Inflation | 43.02 -75.89% | 60.36 -66.18% | 90.09 -49.52% | 121.67 -31.82% | 140.61 -21.20% |
| Very High Inflation | 38.02 -78.69% | 52.12 -70.79% | 75.65 -57.61% | 100.34 -43.77% | 115.26 -35.41% |
Historical Paylocity Holding Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Paylocity Holding
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 15, 2023 | 4 | Insider Trading | |
| Mar 15, 2023 | 4 | Insider Trading | |
| Mar 09, 2023 | 4 | Insider Trading | |
| Mar 08, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 4 | Insider Trading | |
| Feb 27, 2023 | 4 | Insider Trading | |
| Feb 17, 2023 | 4 | Insider Trading | |
| Feb 17, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for PCTY
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-13 | Glenn Ryan | sold (taxes) | -67,547 | 174 | -387 | cfo and treasurer |
2023-03-13 | Williams Toby J. | sold (taxes) | -165,464 | 174 | -948 | president and co-ceo |
2023-03-07 | Sarowitz Steven I | sold | -6,132,510 | 187 | -32,689 | - |
2023-03-06 | Sarowitz Steven I | sold | -12,926,700 | 192 | -67,311 | - |
2023-03-01 | Ross Katherine | sold (taxes) | -46,611 | 192 | -242 | sr vice president operations |
2023-03-01 | Sarowitz Steven I | gifted | - | - | 13,000 | - |
2023-03-01 | Sarowitz Steven I | gifted | - | - | -13,000 | - |
2023-02-24 | Sarowitz Steven I | sold | -3,159,760 | 198 | -15,947 | - |
2023-02-23 | Sarowitz Steven I | sold | -12,037,000 | 203 | -59,053 | - |
2023-02-15 | Lohani Rachit | sold (taxes) | -58,606 | 217 | -270 | chief technology officer |
Paylocity Holding Corporation provides cloud-based payroll and human capital management software solutions for medium-sized organizations in the United States. The company offers Payroll and Tax Services solution to simplify payroll, automate processes and manage compliance requirements within one system; expense management, on demand payment, and garnishment solutions; human capital management and employee self-service solutions, document library, compliance dashboard, and HR edge; time and attendance solution, which tracks time and attendance data, eliminating the need for manual tracking of accruals and reducing administrative tasks; 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; employee benefits management and third-party administrative solutions; modern workforce solutions consisting of community, premium video, survey, and peer recognition; and analytics and insights solutions covering modern workforce index, data insights, and reporting. Further, it provides implementation and training, client, and tax and regulatory services. The company's clients include 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. The company was founded in 1997 and is headquartered in Schaumburg, Illinois.
PCTY Income Statement
2022-09-30Unaudited Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
|---|---|---|
Sep. 30, 2022 | Sep. 30, 2021 | |
| Revenues: | ||
| Recurring and other revenue | $ 245,406 | $ 180,824 |
| Interest income on funds held for clients | 7,874 | 873 |
| Total revenues | 253,280 | 181,697 |
| Cost of revenues | 84,543 | 63,249 |
| Gross profit | 168,737 | 118,448 |
| Operating expenses: | ||
| Sales and marketing | 71,063 | 49,885 |
| Research and development | 40,093 | 23,076 |
| General and administrative | 50,492 | 35,235 |
| Total operating expenses | 161,648 | 108,196 |
| Operating income | 7,089 | 10,252 |
| Other expense | (163) | (117) |
| Income before income taxes | 6,926 | 10,135 |
| Income tax benefit | (23,426) | (20,797) |
| Net income | 30,352 | 30,932 |
| Other comprehensive loss, net of tax | (2,372) | (75) |
| Comprehensive income | $ 27,980 | $ 30,857 |
| Net income per share: | ||
| Basic (in dollars per share) | $ 0.55 | $ 0.56 |
| Diluted (in dollars per share) | $ 0.54 | $ 0.55 |
| Weighted-average shares used in computing net income per share: | ||
| Basic (in shares) | 55,453 | 54,810 |
| Diluted (in shares) | 56,664 | 56,506 |
PCTY Balance Sheet
2022-09-30Unaudited Consolidated Balance Sheets - USD ($) $ in Thousands | Sep. 30, 2022 | Jun. 30, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 65,484 | $ 139,756 |
| Accounts receivable, net | 21,519 | 15,754 |
| Deferred contract costs | 64,058 | 59,501 |
| Prepaid expenses and other | 29,122 | 28,896 |
| Total current assets before funds held for clients | 180,183 | 243,907 |
| Funds held for clients | 2,299,437 | 3,987,776 |
| Total current assets | 2,479,620 | 4,231,683 |
| Capitalized internal-use software, net | 66,693 | 61,985 |
| Property and equipment, net | 60,943 | 62,839 |
| Operating lease right-of-use assets | 47,614 | 49,210 |
| Intangible assets, net | 42,704 | 45,475 |
| Goodwill | 102,054 | 101,949 |
| Long-term deferred contract costs | 244,554 | 229,067 |
| Long‑term prepaid expenses and other | 7,624 | 7,746 |
| Deferred income tax assets | 43,303 | 19,060 |
| Total assets | 3,095,109 | 4,809,014 |
| Current liabilities: | ||
| Accounts payable | 6,235 | 8,374 |
| Accrued expenses | 105,907 | 124,384 |
| Total current liabilities before client fund obligations | 112,142 | 132,758 |
| Client fund obligations | 2,299,437 | 3,987,776 |
| Total current liabilities | 2,411,579 | 4,120,534 |
| Long-term operating lease liabilities | 67,040 | 69,119 |
| Other long-term liabilities | 3,427 | 3,681 |
| Deferred income tax liabilities | 2,217 | 2,217 |
| Total liabilities | 2,484,263 | 4,195,551 |
| Stockholders’ equity: | ||
| Preferred stock, $0.001 par value, 5,000 authorized, no shares issued and outstanding at June 30, 2022 and September 30, 2022 | 0 | 0 |
| Common stock, $0.001 par value, 155,000 shares authorized at June 30, 2022 and September 30, 2022; 55,190 shares issued and outstanding at June 30, 2022 and 55,664 shares issued and outstanding at September 30, 2022 | 56 | 55 |
| Additional paid-in capital | 259,245 | 289,843 |
| Retained earnings | 356,220 | 325,868 |
| Accumulated other comprehensive loss | (4,675) | (2,303) |
| Total stockholders' equity | 610,846 | 613,463 |
| Total liabilities and stockholders’ equity | $ 3,095,109 | $ 4,809,014 |