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 in ...

Q4 Fiscal 2024 Investor Presentation Safe Harbor Statement This presentation is for informational purposes only and is not an offer to sell securities or a solicitation of an offer to buy any securities, and may not be relied upon in connection with the purchase or sale of any security. 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) ...

Paylocity Holding Corporation (PCTY) reported fourth-quarter fiscal 2024 non-GAAP earnings of $1.48 per share, beating the Zacks Consensus Estimate by 16.54%. The bottom line increased 12.12% year over year, driven by higher revenues and an increase in the operating and EBITDA income. Paylocity's revenues climbed 16% year over year to $357.29 million and surpassed the Zacks Consensus Estimate by 2.12%. The robust increase in the top line was mainly driven by a continued focus on scaling operational costs wh ...

Paylocity (PCTY) came out with quarterly earnings of $1.48 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.32 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 16.54%. A quarter ago, it was expected that this provider of cloud-based payroll and human-resources software services would post earnings of $1.94 per share when it actually produced earnings of $2.21, delivering a surp ...

Q4 2024 Recurring & Other Revenue of $324.7 million, up 15% year-over-year Q4 2024 Total Revenue of $357.3 million, up 16% year-over-year FY 2024 Recurring & Other Revenue of $1,281.7 million, up 17% year-over-year FY 2024 Total Revenue of $1,402.5 million, up 19% year-over-year Repurchased 1.1 million shares of common stock for $150.0 million during Q4 2024 Co-CEO Steve Beauchamp to transition to Executive Chairman on August 5, 2024; Toby Williams to remain President and assume position of sole CEO SCHAUMB ...

Paylocity (PCTY) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. This provider of cloud-based payroll and human-resources software services is expected to post quarterly earnings of $1.27 per share in its upcoming ...

Core Viewpoint - Paylocity is demonstrating strong and consistent revenue growth in the human resources software industry, which is often overlooked compared to high-growth AI and semiconductor companies like NVIDIA. The company has a durable growth model supported by a significant portion of recurring revenue and a modern human capital management platform [11][22][23]. Revenue Growth - Paylocity's historical annual year-over-year growth rate is approximately 33%, with the lowest annual growth rate being close to 12% and no negative growth quarters since going public [2][11]. - In the most recent quarter, Paylocity's growth decelerated to about 18%, following a strong post-pandemic growth period [2][11]. Market Position - Paylocity is gaining market share from larger competitors such as ADP and Paychex, as well as from new businesses and in-house solutions [3][23]. - The company has penetrated less than 3% of its addressable market, indicating significant growth potential [2]. Financial Performance - Paylocity's total revenue for the trailing twelve months (TTM) is approximately $1.354 billion, with management guiding for total revenue of about $1.395 billion for fiscal year 2024 [6][28]. - The company has a strong balance sheet with nearly $493 million in cash and short-term investments and no long-term debt [12][28]. Profitability and Margins - Paylocity's adjusted EBITDA margin has improved by roughly 650 basis points since fiscal year 2020, with a target of reaching between 35% and 40% [18][28]. - The company maintains research and development investments at around 11% of revenues, which is viewed positively for keeping its software offerings competitive [17]. Valuation - Paylocity's current EV/Revenues multiple is approximately 5.5x, significantly lower than its historical average and compared to NVIDIA's 37x and AMD's 11x [8][11]. - Analysts estimate a net present value (NPV) of roughly $191 per share for Paylocity, indicating that shares are undervalued by about 30% compared to current trading levels around $143 [9].

Core Viewpoint - Paylocity, a provider of cloud-based payroll and human-resources software, has a strong track record of exceeding earnings estimates, with an average surprise of 18.53% over the last two quarters [1]. Group 1: Earnings Performance - For the last reported quarter, Paylocity achieved earnings of $2.21 per share, surpassing the Zacks Consensus Estimate of $1.94 per share, resulting in a surprise of 13.92% [6]. - In the previous quarter, the company was expected to report earnings of $1.21 per share but delivered $1.49 per share, yielding a surprise of 23.14% [6]. - The company currently has an Earnings ESP of +3.45%, indicating a positive outlook on its near-term earnings potential [3]. Group 2: Market Position and Predictions - Paylocity is positioned within the Zacks Internet - Software industry, making it a candidate for maintaining its earnings-beat streak in upcoming reports [5]. - The combination of a positive Earnings ESP and a Zacks Rank 3 (Hold) suggests a high likelihood of another earnings beat [2][3]. - Recent estimates for Paylocity have been trending upward, reinforcing the potential for an earnings surprise [7].

Core Insights - Paylocity is a leading provider of cloud-based HR and payroll software solutions, headquartered in Schaumburg, IL, and has been publicly traded since 2014 [2][3] - The company is known for its unique culture and has been consistently recognized as one of the best places to work, focusing on helping businesses create great workplaces through automation and data-driven insights [2] Financial Results Announcement - Paylocity has scheduled a conference call to review its fourth quarter and fiscal 2024 results on August 1st at 4:30 pm Central Time [3] - A press release highlighting the company's results will be issued prior to the conference call and will be accessible in the investor relations section of their website [4]

What do the Analysts Think? Investors in Paylocity Holding Corporation (PCTY) need to pay close attention to the stock based on moves in the options market lately. That is because the Aug 16, 2024 $110.00 Call had some of the highest implied volatility of all equity options today. Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the othe ...