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

158.88USD-0.67 (-0.42%)Market Closed

Market Summary

USD158.88-0.67

Market Closed

-0.42%

PCTY Alerts

1 major insider sales recently.

PCTY Stock Price

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PCTY RSI Chart

PCTY Valuation

Market Cap

8.9B

Price/Earnings (Trailing)

53.43

Price/Sales (Trailing)

6.93

EV/EBITDA

28.69

Price/Free Cashflow

27.99

PCTY Price/Sales (Trailing)

PCTY Profitability

Operating Margin

87.96%

EBT Margin

17.91%

Return on Equity

16.97%

Return on Assets

3.73%

Free Cashflow Yield

3.57%

PCTY Fundamentals

PCTY Revenue

Revenue (TTM)

1.3B

Rev. Growth (Yr)

19.54%

Rev. Growth (Qtr)

2.76%

PCTY Earnings

Earnings (TTM)

167.5M

Earnings Growth (Yr)

144.33%

Earnings Growth (Qtr)

10.43%

Breaking Down PCTY Revenue

Last 7 days

-0.1%

Last 30 days

-7.2%

Last 90 days

0.5%

Trailing 12 Months

-17.5%

How does PCTY drawdown profile look like?

PCTY Financial Health

Current Ratio

1.11

Debt/Equity

0.11

Debt/Cashflow

3.28

PCTY Investor Care

Shares Dilution (1Y)

1.01%

Diluted EPS (TTM)

2.96

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
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

Try For Just $1.99

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
Apr 22, 2024	MetLife Investment Management, LLC	reduced	-1.17	-495,681	4,301,930	0.03%
Apr 22, 2024	RAYMOND JAMES & ASSOCIATES	reduced	-12.68	-672,997	6,828,160	-%
Apr 22, 2024	IFM Investors Pty Ltd	new	-	1,625,280	1,625,280	0.02%
Apr 19, 2024	State of Alaska, Department of Revenue	added	0.75	38,000	808,000	0.01%
Apr 19, 2024	Sumitomo Mitsui Trust Holdings, Inc.	reduced	-0.28	605,144	15,870,600	0.01%
Apr 19, 2024	Handelsinvest Investeringsforvaltning	reduced	-34.21	-96,000	212,000	0.10%
Apr 19, 2024	LAKE STREET PRIVATE WEALTH, LLC	unchanged	-	29,477	722,671	0.10%
Apr 19, 2024	TRUST POINT INC.	added	44.35	516,266	1,538,830	0.12%
Apr 19, 2024	Maryland State Retirement & Pension System	unchanged	-	-21,184	502,380	0.01%
Apr 18, 2024	STATE OF MICHIGAN RETIREMENT SYSTEM	added	2.89	124,266	1,834,090	0.01%

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

1 major insider sales recently.

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
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
Mar 13, 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	268.4B	34.9B	-10.10%	41.95%	64.89	7.7	11.18%	1888.46%
UBER	147.0B	37.3B	-11.78%	130.70%	77.89	3.94	16.95%	120.64%
ADSK	46.6B	5.3B	-17.10%	11.27%	50.83	8.72	9.15%	48.14%
ANSS	28.4B	2.3B	-6.66%	0.93%	56.68	12.5	9.90%	-4.45%
ZM	18.5B	4.5B	-6.58%	-6.35%	29.07	4.09	3.06%	514.65%
MID-CAP
APPF	7.8B	620.4M	-6.00%	66.36%	2.9K	12.6	31.48%	103.97%
LYFT	6.5B	4.4B	-16.12%	65.46%	-19.15	1.48	7.53%	78.52%
AYX	3.4B	970.0M	0.90%	-15.87%	-19.13	3.53	13.46%	43.89%
ALRM	3.3B	881.7M	-9.37%	37.90%	41.12	3.75	4.64%	44.42%
AI	2.7B	296.4M	-19.70%	25.15%	-9.91	9.08	11.14%	-3.59%
AGYS	2.3B	228.1M	6.66%	0.58%	26.28	10.06	18.99%	599.09%
SMALL-CAP
AVID	1.2B	413.5M	0.63%	-1.64%	92.02	2.88	-1.65%	-71.35%
APPS	198.9M	572.4M	-23.83%	-84.12%	-1.01	0.35	-19.38%	-489.49%
ASUR	179.5M	119.1M	-13.74%	-50.91%	-19.48	1.51	24.27%	36.31%
AEYE	158.8M	31.3M	26.21%	106.70%	-27.05	5.07	4.69%	43.72%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	2.8%	326	318	308	340	273	253	229	246	196	182	167	186	146	136	131	172	132	127	120	140	107
Gross Profit	1.3%	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	69.00
Operating Expenses	-3.2%	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	62.00
S&GA Expenses	-0.8%	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	27.00
R&D Expenses	3.4%	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	13.00
EBITDA Margin	10.2%	0.23*	0.21*	0.19*	0.17*	0.15*	0.14*	0.16*	0.15*	0.15*	0.16*	0.16*	0.16*	-	-	-	-	-	-	-	-	-
Interest Expenses	-0.8%	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	55.5%	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	2.00
Earnings Before Taxes	20.5%	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	7.00
EBT Margin	13.1%	0.18*	0.16*	0.14*	0.11*	0.09*	0.09*	0.10*	0.09*	0.09*	0.09*	0.09*	0.09*	-	-	-	-	-	-	-	-	-
Net Income	10.4%	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	6.00
Net Income Margin	10.8%	0.13*	0.12*	0.12*	0.11*	0.10*	0.10*	0.11*	0.11*	0.12*	0.13*	0.11*	0.11*	-	-	-	-	-	-	-	-	-
Free Cashflow	23.3%	72.00	59.00	63.00	125	59.00	13.00	47.00	74.00	24.00	-7.35	38.00	64.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	23.2%	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	1,580
Current Assets	27.6%	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	1,397
Cash Equivalents	20.3%	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	84.00
Net PPE	-0.3%	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	63.00
Goodwill	7.4%	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	10.00	-	-	-
Liabilities	27.3%	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	1,329
Current Liabilities	28.1%	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	1,305
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	100	100	100	-	-	-	-	-	-
Shareholder's Equity	10.5%	987	893	843	769	678	611	613	565	507	468	477	455	408	387	393	374	332	309	308	286	251
Retained Earnings	7.6%	539	501	467	429	372	356	326	311	276	266	235	223	186	177	164	159	119	114	100	90.00	62.00
Additional Paid-In Capital	12.9%	447	396	381	341	310	259	290	256	231	202	242	231	222	210	228	215	212	196	208	197	189
Shares Outstanding	0.3%	56.00	56.00	56.00	56.00	56.00	55.00	55.00	55.00	55.00	55.00	54.00	54.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	-	8,200	-	-	-	9,400	-	-	-	7,800	-	-	-	4,200	-	-	-	2,000

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	20.8%	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	27.00
Share Based Compensation	10.8%	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	10.00
Cashflow From Investing	-461.3%	-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	-18.59
Cashflow From Financing	714.6%	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	92.00
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35.00	-	-	-

PCTY Income Statement

2023-12-31

Unaudited Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Revenues:
Recurring and other revenue	$ 298,416	$ 256,434	$ 590,101	$ 501,840
Interest income on funds held for clients	27,945	16,574	53,846	24,448
Total revenues	326,361	273,008	643,947	526,288
Cost of revenues	107,399	90,076	208,866	174,619
Gross profit	218,962	182,932	435,081	351,669
Operating expenses:
Sales and marketing	79,777	75,694	160,180	146,757
Research and development	46,139	41,029	90,744	81,122
General and administrative	43,340	48,001	93,262	98,493
Total operating expenses	169,256	164,724	344,186	326,372
Operating income	49,706	18,208	90,895	25,297
Other income (expense)	3,800	(5)	7,025	(168)
Income before income taxes	53,506	18,203	97,920	25,129
Income tax expense (benefit)	15,390	2,603	25,287	(20,823)
Net income	38,116	15,600	72,633	45,952
Other comprehensive income (loss), net of tax	4,929	516	5,049	(1,856)
Comprehensive income	$ 43,045	$ 16,116	$ 77,682	$ 44,096
Net income per share:
Basic (in dollars per share)	$ 0.68	$ 0.28	$ 1.29	$ 0.83
Diluted (in dollars per share)	$ 0.67	$ 0.28	$ 1.28	$ 0.81
Weighted-average shares used in computing net income per share:
Basic (in shares)	56,244	55,721	56,140	55,587
Diluted (in shares)	56,855	56,474	56,906	56,559

PCTY Balance Sheet

2023-12-31

Unaudited Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Current assets:
Cash and cash equivalents	$ 366,904	$ 288,767
Accounts receivable, net	32,476	25,085
Deferred contract costs	87,065	78,109
Prepaid expenses and other	48,517	35,061
Total current assets before funds held for clients	534,962	427,022
Funds held for clients	3,271,736	2,621,415
Total current assets	3,806,698	3,048,437
Capitalized internal-use software, net	103,281	86,127
Property and equipment, net	63,150	64,069
Operating lease right-of-use assets	37,441	44,067
Intangible assets, net	32,466	34,527
Goodwill	109,558	102,054
Long-term deferred contract costs	317,915	294,222
Long‑term prepaid expenses and other	5,567	6,331
Deferred income tax assets	16,644	15,846
Total assets	4,492,720	3,695,680
Current liabilities:
Accounts payable	7,973	6,153
Accrued expenses	147,121	143,287
Total current liabilities before client fund obligations	155,094	149,440
Client fund obligations	3,267,771	2,625,355
Total current liabilities	3,422,865	2,774,795
Long-term operating lease liabilities	50,963	62,471
Other long-term liabilities	4,177	3,731
Deferred income tax liabilities	27,942	11,820
Total liabilities	3,505,947	2,852,817
Stockholders’ equity:
Preferred stock, $0.001 par value, 5,000 authorized, no shares issued and outstanding at June 30, 2023 and December 31, 2023	0	0
Common stock, $0.001 par value, 155,000 shares authorized at June 30, 2023 and December 31, 2023; 55,912 shares issued and outstanding at June 30, 2023 and 56,313 shares issued and outstanding at December 31, 2023	56	56
Additional paid-in capital	446,860	380,632
Retained earnings	539,323	466,690
Accumulated other comprehensive income (loss)	534	(4,515)
Total stockholders' equity	986,773	842,863
Total liabilities and stockholders’ equity	$ 4,492,720	$ 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 Tue Apr 23 2024, market cap of Paylocity Holding Corp is 8.95 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 Tue Apr 23 2024, PCTY's PE ratio (Price to Earnings) is 53.43 and Price to Sales (PS) ratio is 6.93. 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 0.228 (multiply by 100 for percentage) rate of return.