It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. What are the Zacks Style Scores? The Style Scores are broken down into four categories: Growth Score Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum ...

However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision. A downtrend has been apparent in Paylocity (PCTY) lately with too much selling pressure. The stock has declined 15.2% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. How to D ...

Analyze a company's revenues over a given period, subtract the production cost, and you have earnings. Irrespective of whether it is a start-up or a well-known company, earnings growth is the main priority for any organization. This is because it won't last long if the company doesn't make money. By the way, this is also considered the most critical variable influencing share price. But expectations of earnings play a noteworthy role. Earnings Estimates & Share Price Movements Frequently, we have seen a dec ...

x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ________________________________________________________________________ Form 10-Q ________________________________________________________________________ Securities registered pursuant to Section ...

Financial Data and Key Metrics Changes - Total revenue for Q3 was $401.3 million, an increase of 18.1% year-over-year, exceeding the high-end of guidance by $2.3 million [22][39] - Adjusted EBITDA was $167.9 million, representing a margin of 41.8%, which exceeded guidance by $12.9 million [25] - Adjusted gross profit margin was 75.9% for Q3, with a year-over-year increase in adjusted EBITDA margin of 340 basis points [25][26] - The average daily balance of client funds was $3 billion in Q3, with an estimated $2.8 billion for Q4 [9] Business Line Data and Key Metrics Changes - Recurring other revenues increased by 16.8% compared to the same period last year [22] - Sales and marketing expenses were 19.2% of revenue in Q3, while G&A costs were reduced to 8.5% of revenue from 10.4% year-over-year, indicating operational efficiency [24] Market Data and Key Metrics Changes - Channel referrals accounted for more than 25% of new business in Q3, indicating strong channel performance [2] - The company is focused on the needs of the modern workforce, particularly with Gen Z becoming the dominant generation in the workforce [4] Company Strategy and Development Direction - The company aims to achieve $2 billion in revenue as the next key milestone, while maintaining a focus on product development and innovation [28] - A $500 million share repurchase program has been authorized to manage dilution and drive shareholder value [8] - The company is committed to maintaining an adjusted gross margin target of 75% to 80% and a free cash flow margin target of 20% to 25% [29] Management's Comments on Operating Environment and Future Outlook - Management acknowledged elongated sales cycles at the high end of the market but expressed confidence in the sales team's performance and the overall demand environment [2][16] - There is an expectation of continued macroeconomic uncertainty impacting Q4, but management remains optimistic about long-term growth [10][66] Other Important Information - The company has made significant investments in R&D, with a year-over-year increase of 13.4% in total R&D investment [23] - The company was recognized as one of Forbes' best large employers for America in 2024, highlighting its strong corporate culture [20] Q&A Session Summary Question: Commentary on overall demand environment for net new sales - Management indicated that expectations were met, with strong channel contributions and top-of-funnel activity in line with expectations [16] Question: Long-term growth target clarity - Management clarified that the 20% long-term growth target may not be applicable in the near term, focusing instead on achieving the $2 billion revenue milestone [61][77] Question: Competitive dynamics and market share - Management noted that while they are seeing competition from both legacy players and cloud competitors, their win rates remain consistent [63] Question: Share repurchase program timing - The share repurchase program was deemed timely due to strong cash flow and favorable trading multiples [59] Question: Impact of AI on HR solutions - Management sees AI as a significant opportunity for enhancing their product offerings and improving customer service [85][106] Question: Guidance for Q4 and fiscal 2025 - Management expects some level of softness in Q4 but remains optimistic about the pipeline and productivity improvements for fiscal 2025 [66][100]

21 Positioned for Long-Term Growth & Margin Expansion • Creating the most modern HCM platform • Increasing average revenue per client • Growing client base • Strong client retention () paylocity Forward Together. Q3 Fiscal 2024 Investor Presentation This presentation is proprietary and is intended solely for the information of the persons to whom it is presented. It may not be retained, reproduced or distributed, in whole or in part, by any means (including electronic) without the prior written consent of P ...

Exhibit 99.1 press release Paylocity Announces Third Quarter Fiscal Year 2024 Financial Results Adjusted EBITDA: • Adjusted EBITDA, a non-GAAP measure, was $167.9 million in the third quarter of fiscal year 2024 compared to $130.7 million in the third quarter of fiscal year 2023. SCHAUMBURG, IL. – May 2, 2024 – 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 ...

Revenue Growth - Total revenues increased from $273.0 million for the three months ended December 31, 2022 to $326.4 million for the three months ended December 31, 2023, representing a 20% year-over-year increase [85]. - Total revenues increased from $526.3 million for the six months ended December 31, 2022 to $643.9 million for the six months ended December 31, 2023, representing a 22% year-over-year increase [85]. - Total revenues for the three months ended December 31, 2023, increased by $53.4 million, or 20%, to $326.4 million compared to $273.0 million for the same period in 2022 [108]. - Recurring and other revenue for the three months ended December 31, 2023, rose by $42.0 million, or 16%, to $298.4 million from $256.4 million for the same period in 2022 [112]. - Recurring and other revenue for the six months ended December 31, 2023, increased by $88.3 million, or 18%, to $590.1 million from $501.8 million for the same period in 2022 [123]. Profitability Metrics - Adjusted Gross Profit for the three months ended December 31, 2023 was $237.1 million, up from $197.6 million in the same period of 2022 [90]. - Adjusted EBITDA for the three months ended December 31, 2023 was $112.6 million, compared to $77.4 million for the same period in 2022, reflecting a 45% increase [91]. - Operating income for the three months ended December 31, 2023, increased by $31.5 million, or 173%, to $49.7 million compared to $18.2 million for the same period in 2022 [108]. - Net income for the three months ended December 31, 2023, increased by $22.5 million, or 144%, to $38.1 million from $15.6 million for the same period in 2022 [108]. Expenses - Research and development expenses increased from $52.9 million for the three months ended December 31, 2022 to $64.6 million for the same period in 2023 [104]. - Sales and marketing expenses are expected to increase in absolute dollars as the company grows its sales organization and expands marketing activities [101]. - Total operating expenses for the three months ended December 31, 2023, increased by $4.5 million, or 3%, to $169.3 million from $164.7 million for the same period in 2022 [108]. - Cost of revenues for the three months ended December 31, 2023, increased by $17.3 million, or 19%, to $107.4 million from $90.1 million for the same period in 2022 [115]. - General and administrative expenses decreased by $5.2 million, or 5%, to $93.3 million for the six months ended December 31, 2023, from $98.5 million in the prior year [130]. Cash Flow and Financial Position - Net cash provided by operating activities was $137.2 million for the six months ended December 31, 2023, up from $78.8 million in the same period of 2022 [144]. - Net cash used in investing activities decreased to $62.2 million for the six months ended December 31, 2023, from $132.2 million in the prior year [145]. - Net cash provided by financing activities was $629.9 million for the six months ended December 31, 2023, compared to a net cash used of $993.9 million in the same period of 2022 [147]. - As of December 31, 2023, the company had $366.9 million in cash and cash equivalents and $3,271.7 million in funds held for clients [154]. Tax and Interest Rates - The effective tax rate increased to 28.8% for the three months ended December 31, 2023, compared to 14.3% for the same period in 2022 [121]. - The effective tax rate for the six months ended December 31, 2023, was 25.8%, compared to (82.9)% for the same period in 2022 [132]. - Interest income on funds held for clients is expected to benefit from rising interest rates and higher average daily balances due to the addition of new clients [85]. - Interest income on funds held for clients for the three months ended December 31, 2023, increased by $11.4 million, or 69%, to $27.9 million from $16.6 million for the same period in 2022 [113]. Company Strategy and Risks - The company plans to continue investing in research and development to broaden product offerings and extend technological leadership [104]. - The company anticipates gaining economies of scale and increased operating leverage as it grows its client base and related revenues [82]. - The company does not believe inflation has materially affected its business, but significant inflationary pressures could harm its financial condition [158]. - The company is exposed to market risks primarily related to interest rates and general economic conditions in the United States [152]. - The company does not intend to use derivatives to mitigate interest rate exposure [153]. Internal Controls and Compliance - There were no changes to internal control over financial reporting that materially affected the company during the three-month period covered by the report [162]. - Disclosure controls and procedures were evaluated as effective as of December 31, 2023 [161]. - The company's investment policy focuses on generating higher yields while preserving liquidity and capital [154].

Financial Data and Key Metrics Changes - Total revenue for Q2 2024 was $326.4 million, representing a 20% increase year-over-year, with recurring and other revenue growing by 16% to $298.4 million [13][28] - Adjusted gross profit margin was 72.7%, reflecting a focus on scaling operational costs while maintaining service levels [28] - Adjusted EBITDA for Q2 was $112.6 million, with a margin of 34.5%, exceeding guidance by $9.6 million and showing a 620 basis point improvement year-over-year [31][36] - The company ended the quarter with cash and cash equivalents of $366.9 million and no debt [32] Business Line Data and Key Metrics Changes - The company continues to invest in R&D, with a year-over-year increase of 27% in total R&D investment compared to Q2 of fiscal 2023 [29] - Sales and marketing expenses on a non-GAAP basis were 21.3% of revenue, down from 23.7% in the same period last year [30] Market Data and Key Metrics Changes - Year-over-year employee growth on the platform was below expectations, contributing to a headwind for Q2 results and fiscal 2024 guidance [34] - The average daily balance of client-held funds was $2.4 billion in Q2, expected to rise to approximately $2.9 billion in Q3 [32][33] Company Strategy and Development Direction - The company is focusing on product innovation, including the acquisition of Trace to enhance headcount planning capabilities [7] - There is a commitment to driving higher go-to-market productivity and execution, particularly in the upper end of the target market [25] - The company has been recognized for its strong culture and diversity, being named to Newsweek's America's Greatest Workplaces for Diversity in 2024 [26] Management's Comments on Operating Environment and Future Outlook - The macro environment has become increasingly challenging, with moderated employment levels impacting results and guidance [6] - Management remains confident in the sales team's ability to drive product differentiation and growth in the upmarket pipeline despite longer sales cycles [24][56] - Updated guidance reflects expectations of continued moderation in client workforce levels through the remainder of the fiscal year [34] Other Important Information - The company has been awarded for its technology and employee engagement, indicating strong market recognition [15] - The Trace acquisition is not expected to materially impact revenue or margins in fiscal 2024 [7][109] Q&A Session Summary Question: Impact of employee growth on platform - Management noted that current customers are not experiencing the typical growth in employee numbers, which has been factored into guidance [39] Question: Salesforce performance and economic impact - Management indicated that both economic factors and execution challenges have contributed to revised guidance [50] Question: Churn rates among smaller customers - Management stated that churn rates for customers under 50 employees remain consistent with historical trends, with no significant changes noted [53] Question: Changes in sales cycles and execution - Management acknowledged that sales cycles have lengthened, attributing this to both macroeconomic conditions and the need for improved execution [56][96] Question: Guidance confidence for Q3 - Management expressed confidence in Q3 guidance, having accounted for January starts and form revenue trends [108] Question: Trace acquisition revenue contribution - The Trace acquisition is expected to have an immaterial impact on revenue for the year [109] Question: Employment trends and future expectations - Management anticipates continued moderation in employment levels, which has been factored into guidance [34][95]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ________________________________________________________________________ Form 10-Q ________________________________________________________________________ x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2023 o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Com ...