If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a comp ...

What: When: Where: Paylocity volunteers will gather at: SHRM 2024: Expo Floor, Booth 1802 McCormick Place 2301 S King Dr Chicago, 60616 Paylocity's Director of Diversity, Equity Inclusion, & Accessibility and Corporate Social Responsibility Aisha Thompkins and NAMI spokespeople will be on-site for interviews. Photo opportunities of volunteers preparing the kits will happen during the hours listed above. Headquartered in Schaumburg, IL, Paylocity (NASDAQ: PCTY) is an award-winning provider of cloud-based HR ...

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].