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.
IPO Year: 2014
Exchange: NASDAQ
Website: paylocity.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/22/2024 | $145.00 → $200.00 | Hold → Buy | Jefferies |
| 2/6/2024 | $200.00 | Buy | BTIG Research |
| 1/5/2024 | $240.00 → $180.00 | Buy → Hold | Jefferies |
| 11/7/2023 | $160.00 | Neutral | UBS |
| 10/26/2023 | $210.00 | Neutral | BofA Securities |
| 5/30/2023 | $199.00 | Equal Weight | Barclays |
| 3/30/2023 | $245.00 | Neutral → Buy | DA Davidson |
| 10/28/2022 | $250.00 | Buy → Neutral | DA Davidson |
| 9/1/2022 | $294.00 | Neutral | Citigroup |
| 6/23/2022 | $225.00 → $205.00 | Overweight | KeyBanc Capital Markets |
Q1 2025 Recurring & Other Revenue of $333.1 million, up 14% year-over-yearQ1 2025 Total Revenue of $363.0 million, up 14% year-over-yearAcquisition of Airbase, a modern finance and spend management software solution, completed on October 1, 2024 SCHAUMBURG, Ill., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation (NASDAQ:PCTY), a leading provider of cloud-based HR, payroll, and spend management software solutions, today announced financial results for the first quarter of fiscal year 2025, which ended September 30, 2024. "Fiscal 25 is off to a strong start, with recurring & other revenue and total revenue growth of 14% in the first quarter, combined with a significan
SCHAUMBURG, Ill., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation (NASDAQ:PCTY), a leading provider of cloud-based HR, payroll, and spend management software solutions, today announced that it has scheduled a conference call to review its first quarter fiscal 2025 results for Wednesday, October 30th at 4:30 pm Central Time (5:30 pm Eastern Time). A live webcast of the call will be available on the "Investor Relations" page of the Company's website at https://investors.paylocity.com/. To access the call by phone, please click this link, and you will be provided with dial in details. A replay of the call will be available and archived via webcast at www.paylocity.com.A pres
SCHAUMBURG, Ill., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Paylocity Elevate Conference – Paylocity (NASDAQ:PCTY), a leader in cloud-based HR, payroll, and spend management software solutions, announces AI Assistant, a powerful conversational AI-driven assistant designed to streamline HR processes and elevate the employee experience. Building on Paylocity's long-standing AI-driven capabilities—such as personalized recommendations, sentiment analysis, and predictive workforce insights—the Paylocity AI Assistant simplifies HR-related tasks with real-time, contextual support across the Paylocity platform. This innovation empowers HR professionals to navigate processes with ease and will deliver intu
SCHAUMBURG, Ill., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Paylocity (NASDAQ:PCTY), a leader in cloud-based HR and payroll software solutions, announced today a new, multi-year corporate sponsorship with the National Hockey League's Dallas Stars. The new deal marks Paylocity's first official sponsorship with an NHL franchise. The Dallas Stars have been a long-standing Paylocity customer, relying on the company's modern and comprehensive suite of HR and payroll solutions since 2015. Throughout this time, Paylocity has supported the Stars with advanced payroll processing, benefits management, and employee self-service tools, streamlining their back-office operations and enabling their HR team to f
SCHAUMBURG, Ill., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Paylocity (NASDAQ:PCTY), a leader in cloud-based HR and payroll software solutions, has completed its acquisition of Airbase Inc., a modern finance and spend management software solution that combines bill pay / accounts payable automation, expense management, corporate cards and procurement capabilities. The acquisition of Airbase represents an expansion of Paylocity's suite and is expected to deliver incremental integrated value to HR and finance leaders in managing all of their spend on a single platform – expanding the Paylocity total addressable market beyond HCM and further into the Office of the CFO. The integration of Airbase's f
LAS VEGAS, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Paylocity (NASDAQ:PCTY), a leader in cloud-based HR and payroll software solutions, today announced Headcount Planning, a new offering that brings together Finance, HR, Talent Acquisition, and hiring managers to create a more cohesive, data-driven approach to workforce planning. This integrated solution builds on Paylocity's acquisition of Trace in December 2023 and leverages the Paylocity employee record as the single source of truth for company-wide headcount planning. It enables businesses to proactively map headcount needs across the organization, manage workflows and approvals from initial forecasting through opening new roles, and offers
SCHAUMBURG, Ill., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Paylocity (NASDAQ:PCTY), a leader in cloud-based HR and payroll software solutions, today announced it has signed a definitive agreement to acquire Airbase Inc., a modern finance and spend management software solution that combines bill pay / accounts payable automation, expense management, corporate cards and procurement capabilities. The acquisition of Airbase represents an expansion of Paylocity's suite and will deliver incremental integrated value to HR and finance leaders in managing all of their spend on a single platform – expanding the Paylocity total addressable market beyond HCM and further into the Office of the CFO. The inte
SCHAUMBURG, Ill., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Paylocity (NASDAQ:PCTY), a leader in cloud-based HR and payroll software solutions, introduces Benefits Decision Support, a new product to simplify benefits enrollment for HR teams by offering employees personalized benefits recommendations based on their individual health needs, financial considerations, and family dynamics. This new offering is part of Paylocity's comprehensive HCM platform for the modern workforce and is the latest of several product innovations announced in the last year. Benefits Decision Support addresses the complexities of benefits selection and administration, a critical pain point for many organizations. By sim
Q4 2024 Recurring & Other Revenue of $324.7 million, up 15% year-over-yearQ4 2024 Total Revenue of $357.3 million, up 16% year-over-yearFY 2024 Recurring & Other Revenue of $1,281.7 million, up 17% year-over-yearFY 2024 Total Revenue of $1,402.5 million, up 19% year-over-yearRepurchased 1.1 million shares of common stock for $150.0 million during Q4 2024Co-CEO Steve Beauchamp to transition to Executive Chairman on August 5, 2024; Toby Williams to remain President and assume position of sole CEO SCHAUMBURG, Ill., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation (NASDAQ:PCTY), a leading provider of cloud-based HCM and payroll software solutions, today announced financial re
SCHAUMBURG, Ill., July 11, 2024 (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 2024 results for Thursday, August 1st at 4:30 pm Central Time (5:30 pm Eastern Time). A live webcast of the call will be available on the "Investor Relations" page of the Company's website at https://investors.paylocity.com/. To access the call by phone, please click this link, and you will be provided with dial in details. A replay of the call will be available and archived via webcast at www.paylocity.com.A press release hig
SCHAUMBURG, Ill., March 04, 2024 (GLOBE NEWSWIRE) -- Paylocity (NASDAQ:PCTY), a leading provider of cloud-based HCM and payroll software solutions, today announced Craig Conway has joined the Company's Board of Directors. "We are excited to welcome Craig to Paylocity's Board of Directors," said Steve Beauchamp, Co-Chief Executive Officer of Paylocity. "Craig's leadership experience in technology as a public company CEO and Board member will be a great asset to Paylocity and our Board." Mr. Conway previously served as President and Chief Executive Officer of PeopleSoft, Inc., an enterprise application software company, from 1999 to 2004. Mr. Conway also served as President and Chief Execu
SCHAUMBURG, Ill., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Paylocity (NASDAQ:PCTY), a leading provider of cloud-based HCM and payroll software solutions, today announced Linda Breard has joined the Company's Board of Directors. "Linda is a strong addition to the Board of Directors," said Steve Beauchamp, Co-Chief Executive Officer of Paylocity. "Linda's operational experience as a public company CFO and Board member will be a great asset to our Board and executive team as we continue to grow our business." Ms. Breard has over 25 years of leadership experience in finance and accounting. Ms. Breard is a Certified Public Accountant and currently serves as a director at Insight Enterprises, Inc., a
Cloud Software Industry Veteran Michael Haske Succeeds CEO and Co-Founder John Michelsen to Lead Next Chapter of Krista's Growth Krista, a leader in conversational AI and digital process automation, announced that Michael Haske will join the company as Chief Executive Officer (CEO) effective today. Haske, previously the President and Chief Operating Officer at Paylocity and prior CEO of Aircall, will succeed Krista Co-Founder & CEO John Michelsen. Michelsen founded Krista in 2020 and has led the global company from a pioneer to leading player in AI integration platform as a service. Michelsen will remain on the board and continue to serve as Chief Product Officer to the company. Haske j
Keybanc analyst Jason Celino maintains Paylocity Holding (NASDAQ:PCTY) with a Overweight and lowers the price target from $200 to $171.
Throughout the last three months, 12 analysts have evaluated Paylocity Holding (NASDAQ:PCTY), offering a diverse set of opinions from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 3 5 0 0 Last 30D 0 0 1 0 0 1M Ago 1 1 2 0 0 2M Ago 1 0 1 0 0 3M Ago 2 2 1 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $176.92, a high estimate of $200.00, and a low estimate of $145.00. A 6.55% drop is evi
Barclays analyst Raimo Lenschow maintains Paylocity Holding (NASDAQ:PCTY) with a Equal-Weight and lowers the price target from $178 to $160.
Paylocity Holding (NASDAQ:PCTY) has outperformed the market over the past 10 years by 9.65% on an annualized basis producing an average annual return of 20.57%. Currently, Paylocity Holding has a market capitalization of $7.62 billion. Buying $100 In PCTY: If an investor had bought $100 of PCTY stock 10 years ago, it would be worth $631.02 today based on a price of $134.95 for PCTY at the time of writing. Paylocity Holding's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automa
Jefferies analyst Samad Samana maintains Paylocity Holding (NASDAQ:PCTY) with a Hold and lowers the price target from $180 to $145.
TD Cowen analyst Jared Levine maintains Paylocity Holding (NASDAQ:PCTY) with a Buy and lowers the price target from $180 to $153.
Citigroup analyst Steven Enders maintains Paylocity Holding (NASDAQ:PCTY) with a Neutral and lowers the price target from $178 to $155.
Across the recent three months, 8 analysts have shared their insights on Paylocity Holding (NASDAQ:PCTY), expressing a variety of opinions spanning from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 3 2 0 0 Last 30D 0 1 0 0 0 1M Ago 1 0 1 0 0 2M Ago 2 2 1 0 0 3M Ago 0 0 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Paylocity Holding, presenting an average target of $188.75, a high estimate of $200.00, and a low estimate of $178.00. A nega
Baird analyst Mark Marcon maintains Paylocity Holding (NASDAQ:PCTY) with a Outperform and lowers the price target from $225 to $195.
Stifel analyst Brad Reback maintains Paylocity Holding (NASDAQ:PCTY) with a Buy and lowers the price target from $205 to $185.
Jefferies upgraded Paylocity from Hold to Buy and set a new price target of $200.00 from $145.00 previously
BTIG Research initiated coverage of Paylocity with a rating of Buy and set a new price target of $200.00
Jefferies downgraded Paylocity from Buy to Hold and set a new price target of $180.00 from $240.00 previously
UBS initiated coverage of Paylocity with a rating of Neutral and set a new price target of $160.00
BofA Securities initiated coverage of Paylocity with a rating of Neutral and set a new price target of $210.00
Barclays initiated coverage of Paylocity with a rating of Equal Weight and set a new price target of $199.00
DA Davidson upgraded Paylocity from Neutral to Buy and set a new price target of $245.00
DA Davidson downgraded Paylocity from Buy to Neutral and set a new price target of $250.00
Citigroup initiated coverage of Paylocity with a rating of Neutral and set a new price target of $294.00
KeyBanc Capital Markets resumed coverage of Paylocity with a rating of Overweight and set a new price target of $205.00 from $225.00 previously
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Q1 2025 Recurring & Other Revenue of $333.1 million, up 14% year-over-yearQ1 2025 Total Revenue of $363.0 million, up 14% year-over-yearAcquisition of Airbase, a modern finance and spend management software solution, completed on October 1, 2024 SCHAUMBURG, Ill., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation (NASDAQ:PCTY), a leading provider of cloud-based HR, payroll, and spend management software solutions, today announced financial results for the first quarter of fiscal year 2025, which ended September 30, 2024. "Fiscal 25 is off to a strong start, with recurring & other revenue and total revenue growth of 14% in the first quarter, combined with a significan
SCHAUMBURG, Ill., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation (NASDAQ:PCTY), a leading provider of cloud-based HR, payroll, and spend management software solutions, today announced that it has scheduled a conference call to review its first quarter fiscal 2025 results for Wednesday, October 30th at 4:30 pm Central Time (5:30 pm Eastern Time). A live webcast of the call will be available on the "Investor Relations" page of the Company's website at https://investors.paylocity.com/. To access the call by phone, please click this link, and you will be provided with dial in details. A replay of the call will be available and archived via webcast at www.paylocity.com.A pres
SCHAUMBURG, Ill., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Paylocity (NASDAQ:PCTY), a leader in cloud-based HR and payroll software solutions, has completed its acquisition of Airbase Inc., a modern finance and spend management software solution that combines bill pay / accounts payable automation, expense management, corporate cards and procurement capabilities. The acquisition of Airbase represents an expansion of Paylocity's suite and is expected to deliver incremental integrated value to HR and finance leaders in managing all of their spend on a single platform – expanding the Paylocity total addressable market beyond HCM and further into the Office of the CFO. The integration of Airbase's f
SCHAUMBURG, Ill., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Paylocity (NASDAQ:PCTY), a leader in cloud-based HR and payroll software solutions, today announced it has signed a definitive agreement to acquire Airbase Inc., a modern finance and spend management software solution that combines bill pay / accounts payable automation, expense management, corporate cards and procurement capabilities. The acquisition of Airbase represents an expansion of Paylocity's suite and will deliver incremental integrated value to HR and finance leaders in managing all of their spend on a single platform – expanding the Paylocity total addressable market beyond HCM and further into the Office of the CFO. The inte
Q4 2024 Recurring & Other Revenue of $324.7 million, up 15% year-over-yearQ4 2024 Total Revenue of $357.3 million, up 16% year-over-yearFY 2024 Recurring & Other Revenue of $1,281.7 million, up 17% year-over-yearFY 2024 Total Revenue of $1,402.5 million, up 19% year-over-yearRepurchased 1.1 million shares of common stock for $150.0 million during Q4 2024Co-CEO Steve Beauchamp to transition to Executive Chairman on August 5, 2024; Toby Williams to remain President and assume position of sole CEO SCHAUMBURG, Ill., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation (NASDAQ:PCTY), a leading provider of cloud-based HCM and payroll software solutions, today announced financial re
SCHAUMBURG, Ill., July 11, 2024 (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 2024 results for Thursday, August 1st at 4:30 pm Central Time (5:30 pm Eastern Time). A live webcast of the call will be available on the "Investor Relations" page of the Company's website at https://investors.paylocity.com/. To access the call by phone, please click this link, and you will be provided with dial in details. A replay of the call will be available and archived via webcast at www.paylocity.com.A press release hig
Q3 2024 Recurring & Other Revenue of $366.8 million, up 17% year-over-yearQ3 2024 Total Revenue of $401.3 million, up 18% year-over-yearBoard of Directors approves a $500 million share repurchase program SCHAUMBURG, Ill., May 02, 2024 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation (NASDAQ:PCTY), a leading provider of cloud-based HCM and payroll software solutions, today announced financial results for the third quarter of fiscal year 2024, which ended March 31, 2024. "Our solid results continued into the third quarter of fiscal 2024, with total revenue growth of 18% and recurring & other revenue growth of 17% as our differentiated value proposition of providing the most modern softwa
SCHAUMBURG, Ill., April 18, 2024 (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 third quarter fiscal 2024 results for Thursday, May 2nd at 4:30 pm Central Time (5:30 pm Eastern Time). A live webcast of the call will be available on the "Investor Relations" page of the Company's website at https://investors.paylocity.com/. To access the call by phone, please click this link, and you will be provided with dial in details. A replay of the call will be available and archived via webcast at www.paylocity.com.A press release highlighting t
Q2 2024 Recurring & Other Revenue of $298.4 million, up 16% year-over-yearQ2 2024 Total Revenue of $326.4 million, up 20% year-over-year SCHAUMBURG, Ill, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation (NASDAQ:PCTY), a leading provider of cloud-based HCM and payroll software solutions, today announced financial results for the second quarter of fiscal year 2024, which ended December 31, 2023. "Our differentiated value proposition of providing the most modern software in the industry continues to resonate in the marketplace as we saw total revenue growth of 20% and recurring revenue growth of 16% in Q2 of fiscal 24. We continue to receive positive client feedback on our mo
SCHAUMBURG, Ill., Jan. 22, 2024 (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 second quarter fiscal 2024 results for Thursday, February 8th at 4:30 pm Central Time (5:30 pm Eastern Time). A live webcast of the call will be available on the "Investor Relations" page of the Company's website at https://investors.paylocity.com/. To access the call by phone, please click this link, and you will be provided with dial in details. A replay of the call will be available and archived via webcast at www.paylocity.com. A press release highligh
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4 - Paylocity Holding Corp (0001591698) (Issuer)
4 - Paylocity Holding Corp (0001591698) (Issuer)
4 - Paylocity Holding Corp (0001591698) (Issuer)
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