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 |
|---|---|---|---|
| 5/2/2025 | $210.00 → $226.00 | Outperform | BMO Capital Markets |
| 4/16/2025 | $190.00 | Sector Perform | Scotiabank |
| 1/31/2025 | $200.00 → $235.00 | Neutral → Outperform | Mizuho |
| 1/16/2025 | $214.00 → $231.00 | Neutral → Buy | Citigroup |
| 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 |
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
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Q3 2025 Recurring & Other Revenue of $421.1 million, up 15% year-over-yearQ3 2025 Total Revenue of $454.5 million, up 13% year-over-year SCHAUMBURG, Ill., May 01, 2025 (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 third quarter of fiscal year 2025, which ended March 31, 2025. "Our solid results continued into the third quarter of fiscal 25, with recurring revenue growth of 15%, total revenue growth of 13% and increased revenue and profitability guidance for the fiscal year. We continue to see strong channel performance, as referrals, pri
SCHAUMBURG, Ill., April 17, 2025 (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 third quarter fiscal 2025 results for Thursday, May 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 re
SCHAUMBURG, Ill., April 02, 2025 (GLOBE NEWSWIRE) -- Paylocity (NASDAQ:PCTY), a leading provider of modern HR, payroll, and spend management solutions, today announced recognition of its Airbase by Paylocity solution as a Visionary in the 2025 Gartner® Magic Quadrant™ for Accounts Payable Applications 2025. Paylocity acquired Airbase in October 2024. The Gartner Magic Quadrant for Accounts Payable Applications evaluated providers based on their Completeness of Vision and Ability to Execute. Airbase by Paylocity was recognized as the only provider in the Visionary quadrant. We believe that This underscores Paylocity's deep understanding of market trends and its ability to anticipate an
SCHAUMBURG, Ill., March 24, 2025 (GLOBE NEWSWIRE) -- Paylocity (NASDAQ:PCTY) today announced it has been ranked the #1 Expense Management Solution for SMEs (companies under $100M in revenue) in the latest Spend Matters Spring 2025 SolutionMap for Expense Management. This recognition highlights Airbase by Paylocity's commitment to providing best-in-class expense management capabilities for growing businesses. This significant achievement in the Spend Matters Spring 2025 SolutionMap underscores Airbase by Paylocity's position as the go-to solution for growing businesses seeking truly touchless expense reporting and seamless spend automation. Spend Matters' ranking is widely trusted by C
Q2 2025 Recurring & Other Revenue of $347.7 million, up 17% year-over-yearQ2 2025 Total Revenue of $377.0 million, up 16% year-over-year SCHAUMBURG, Ill., Feb. 06, 2025 (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 second quarter of fiscal year 2025, which ended December 31, 2024. "The momentum we saw in Q1 continued into the second quarter of fiscal 25, resulting in very strong results, solid selling season performance, and increased revenue and profitability guidance for fiscal 25. Second quarter recurring & other revenue growth was 17%, p
SCHAUMBURG, Ill., Jan. 23, 2025 (GLOBE NEWSWIRE) -- With the talent market evolving rapidly, employers face increased challenges navigating high volumes of applications, identifying the best candidates, and ensuring compliance with Equal Employment Opportunity (EEO) laws. Today, Paylocity announces new enhancements to its Recruiting platform that enable hiring teams to not only streamline and accelerate hiring processes but also improve the quality of candidate searches. By helping recruiters efficiently evaluate applications and focus on securing top talent, these updates address critical needs for modern recruiting. Empowering High-Volume Hiring TeamsCompanies in retail, hospitality, an
SCHAUMBURG, Ill., Jan. 15, 2025 (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 second quarter fiscal 2025 results for Thursday, February 6th 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 pr
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
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BMO Capital Markets reiterated coverage of Paylocity with a rating of Outperform and set a new price target of $226.00 from $210.00 previously
Scotiabank initiated coverage of Paylocity with a rating of Sector Perform and set a new price target of $190.00
Mizuho upgraded Paylocity from Neutral to Outperform and set a new price target of $235.00 from $200.00 previously
Citigroup upgraded Paylocity from Neutral to Buy and set a new price target of $231.00 from $214.00 previously
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
Q3 2025 Recurring & Other Revenue of $421.1 million, up 15% year-over-yearQ3 2025 Total Revenue of $454.5 million, up 13% year-over-year SCHAUMBURG, Ill., May 01, 2025 (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 third quarter of fiscal year 2025, which ended March 31, 2025. "Our solid results continued into the third quarter of fiscal 25, with recurring revenue growth of 15%, total revenue growth of 13% and increased revenue and profitability guidance for the fiscal year. We continue to see strong channel performance, as referrals, pri
SCHAUMBURG, Ill., April 17, 2025 (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 third quarter fiscal 2025 results for Thursday, May 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 re
Q2 2025 Recurring & Other Revenue of $347.7 million, up 17% year-over-yearQ2 2025 Total Revenue of $377.0 million, up 16% year-over-year SCHAUMBURG, Ill., Feb. 06, 2025 (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 second quarter of fiscal year 2025, which ended December 31, 2024. "The momentum we saw in Q1 continued into the second quarter of fiscal 25, resulting in very strong results, solid selling season performance, and increased revenue and profitability guidance for fiscal 25. Second quarter recurring & other revenue growth was 17%, p
SCHAUMBURG, Ill., Jan. 15, 2025 (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 second quarter fiscal 2025 results for Thursday, February 6th 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 pr
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