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 |
---|---|---|---|
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 |
4/22/2022 | $220.00 → $240.00 | Peer Perform → Outperform | Wolfe Research |
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.
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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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., June 21, 2024 (GLOBE NEWSWIRE) -- What:Paylocity (NASDAQ:PCTY), a leading provider of cloud-based HR and payroll software solutions is partnering with the National Alliance on Mental Illness (NAMI), the nation's largest grassroots mental health organization dedicated to building better lives for Americans affected by mental illness, to prepare mental wellness kits during the SHRM Annual Conference & Expo 2024. Paylocity has invited all SHRM 2024 attendees to participate in this event. When: The mental wellness kit assembly event takes place at the McCormick Place Exhibit Hall, Booth 1802Sunday, June 23rd: 4pm – 6:30pmMonday, June 24th: 10am – 5pm:Tuesda
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
SCHAUMBURG, Ill., April 16, 2024 (GLOBE NEWSWIRE) -- Paylocity (NASDAQ:PCTY), a leading provider of cloud-based HR and payroll software solutions, today announces new innovative features aimed at transforming talent acquisition, employee engagement, and retention for the next generation of workers. As Gen Z surpasses Boomers in the workforce this year, swelling to more than 17.1M employees, companies are recognizing the need for customized solutions that address this generation's distinct needs and preferences. "In the feedback collected from our most recent HR Systems Survey Report, only Paylocity users were most likely to describe their HCM technology experience as ‘consumer-gra
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
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
SCHAUMBURG, Ill., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Paylocity (NASDAQ:PCTY), a leading provider of cloud-based HR and payroll software solutions, today announced its latest series of new AI features designed to streamline HR processes and deliver more personalized, modern employee experiences. Building upon its track record of innovation, the company is introducing AI-driven optimized workforce schedules and personalized learning plans, as well as multiple instances of intelligent recommendations. The new AI features announced today—and already in use by early adopters—reflect Paylocity's long-standing commitment to outcome-focused design principles at the core of modern workforce transfor
SCHAUMBURG, Ill., Dec. 01, 2023 (GLOBE NEWSWIRE) -- Paylocity (NASDAQ:PCTY), a leading provider of cloud-based HR and payroll software solutions, today announced the acquisition of TraceHQ.com, Inc. ("Trace"), an innovative solution for headcount planning, which helps organizations plan and manage their most important investment – their people. Trace enables organizations to analyze and manage headcount plans, forecast budget relative to those plans, and approve downstream headcount changes. Managing headcount more strategically has taken on new urgency in the face of changing workforce dynamics. Yet, most headcount planning still tends to happen through manual planning cycles that are
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
Wolfe Research upgraded Paylocity from Peer Perform to Outperform and set a new price target of $240.00 from $220.00 previously
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
SCHAUMBURG, Ill., Dec. 01, 2023 (GLOBE NEWSWIRE) -- Paylocity (NASDAQ:PCTY), a leading provider of cloud-based HR and payroll software solutions, today announced the acquisition of TraceHQ.com, Inc. ("Trace"), an innovative solution for headcount planning, which helps organizations plan and manage their most important investment – their people. Trace enables organizations to analyze and manage headcount plans, forecast budget relative to those plans, and approve downstream headcount changes. Managing headcount more strategically has taken on new urgency in the face of changing workforce dynamics. Yet, most headcount planning still tends to happen through manual planning cycles that are
Q1 2024 Recurring & Other Revenue of $291.7 million, up 19% year-over-yearQ1 2024 Total Revenue of $317.6 million, up 25% year-over-year SCHAUMBURG, Ill., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation (NASDAQ:PCTY), a leading provider of cloud-based HCM and payroll software solutions, today announced financial results for the first quarter of fiscal year 2024, which ended September 30, 2023. "Our solid results continued into fiscal 24, with total revenue growth of 25% and recurring revenue growth of 19%, as our differentiated value proposition of providing the most modern software in the industry continues to resonate in the marketplace. In October, we held our annu
SCHAUMBURG, Ill., Oct. 17, 2023 (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 first quarter fiscal 2024 results for Thursday, November 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 highli
Q4 2023 Recurring & Other Revenue of $282.0 million, up 24% year-over-yearQ4 2023 Total Revenue of $308.5 million, up 35% year-over-yearFY 2023 Recurring & Other Revenue of $1,098.0 million, up 30% year-over-yearFY 2023 Total Revenue of $1,174.6 million, up 38% year-over-year SCHAUMBURG, Ill., Aug. 03, 2023 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation (NASDAQ:PCTY), a leading provider of cloud-based HCM and payroll software solutions, today announced financial results for the fourth quarter and full fiscal year 2023, which ended June 30, 2023. "Recurring & other revenue grew 30% in fiscal 23 as we continue to provide the most modern software in the industry. Our sustained investment
SCHAUMBURG, Ill., July 12, 2023 (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 2023 results for Thursday, August 3rd 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 highli
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4 - Paylocity Holding Corp (0001591698) (Issuer)
4 - Paylocity Holding Corp (0001591698) (Issuer)
4 - Paylocity Holding Corp (0001591698) (Issuer)
4 - Paylocity Holding Corp (0001591698) (Issuer)
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4 - Paylocity Holding Corp (0001591698) (Issuer)
4 - Paylocity Holding Corp (0001591698) (Issuer)
4 - Paylocity Holding Corp (0001591698) (Issuer)