Paylocity Holding Corporation

Paylocity Holding Corporation

PCTY · NASDAQ · Technology / Software - Application

178.22USD-0.70 (-0.39%)

Price History

Full chart

Market Stats

Previous Close178.92
Open180.13
Day Range177.95 – 181.07
52-Week Range92.99 – 161.93
Volume533.58K
Market Cap7.90B
P/E (TTM)29.13
Forward P/E15.43
EPS4.90
Dividend Yield0.00%
Beta0.45
50-Day Avg144.81
200-Day Avg125.16

About

Paylocity Holding Corporation provides cloud-based human capital management, finance, and IT software solutions in the United States. The company offers payroll solutions comprising payroll and tax services, global payroll, on-demand payment, garnishments, and elevate payroll; human resources (HR) solutions consisting of human resources, employee self-service, workflows and documents, HR compliance dashboard, and elevate HR and HR edge; time and labor solutions, including time and attendance, scheduling, and time collection; and talent solutions, such as recruiting, onboarding, learning, performance, compensation, and market pay. It also provides benefits solutions comprising benefit enrollment and updates, third-party administrative solutions, and retirement; employee experiences consisting of community, video, employee voice, recognition and rewards, data insights, and reporting; and Paylocity for finance solutions, such as headcount planning, expense management, accounts payable automation, corporate cards, and guided procurement. In addition, the company offers Paylocity for IT which includes access management and identity, and asset management; and implementation and training, client services, and tax and regulatory services. It serves for-profit and non-profit organizations across industries, including business services, financial services, healthcare, manufacturing, restaurants, retail, technology, and others. The company markets and sells its products through sales representatives. Paylocity Holding Corporation was founded in 1997 and is headquartered in Schaumburg, Illinois.

Company Details

  • SectorTechnology
  • IndustrySoftware - Application
  • CEOMr. Toby J. Williams J.D.
  • Employees6.90K
  • Headquarters1400 American Lane, Schaumburg, IL, United States, 60173, USA
  • Websitehttps://www.paylocity.com

Leadership

  • Mr. Steven R. BeauchampExecutive Chairman of the Board · b. 1972
  • Mr. Toby J. Williams J.D.President, CEO & Director · b. 1973
  • Mr. Steven I. SarowitzFounder & Director · b. 1966
  • Mr. Ryan GlennChief Financial Officer · b. 1982
  • Mr. Andrew J. CappotelliSenior Vice President of Operations · b. 1971
  • Ms. Melissa KingSenior Vice President of Product & Technology · b. 1975
  • Mr. Joshua ScuttSenior Vice President of Sales · b. 1971
  • Mr. Nicholas RostVP, Chief Accounting Officer & Treasurer · b. 1980
  • Ms. Amber LivingstonVP & General Counsel
  • Mr. Adam ByerleyVice President of Strategy & Corporate Development

Financials

Income Statement

Currency: USD2011-06-302012-06-302013-06-302014-06-302015-06-302016-06-302017-06-302018-06-302019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-302026-06-30
Total Revenue39.48M55.10M77.29M108.69M152.70M230.70M300.01M377.53M467.63M561.33M635.63M852.65M1.17B1.40B1.60B1.77B
Growth (%)-+39.54%+40.29%+40.62%+40.49%+51.08%+30.04%+25.84%+23.87%+20.04%+13.24%+34.14%+37.76%+19.40%+13.74%+11.04%
Cost of Revenue21.75M29.09M39.67M55.09M70.90M98.08M123.99M149.20M153.85M182.01M219.30M287.00M367.04M441.73M498.22M545.82M
Gross Profit17.74M26.00M37.63M53.59M81.80M132.62M176.02M228.33M313.78M379.32M416.33M565.65M807.56M960.79M1.10B1.23B
Gross Margin44.93%47.19%48.68%49.31%53.57%57.48%58.67%60.48%67.10%67.58%65.50%66.34%68.75%68.50%68.77%69.19%
Operating Expense17.73M23.23M37.60M60.61M95.72M136.17M168.73M212.38M257.56M313.15M358.29M481.06M652.53M700.69M792.97M839.51M
Operating Income13.00K2.77M31.00K-7.02M-13.92M-3.55M7.30M15.95M56.22M66.17M58.04M84.59M155.03M260.09M304.02M385.99M
Operating Margin0.03%5.02%0.04%-6.46%-9.12%-1.54%2.43%4.22%12.02%11.79%9.13%9.92%13.20%18.54%19.06%21.79%
EBITDA3.79M7.39M5.60M-682.00K-5.31M10.32M28.32M46.15M90.79M104.08M100.08M134.31M220.23M354.20M421.75M499.10M
EBITDA Margin9.60%13.42%7.25%-0.63%-3.48%4.47%9.44%12.22%19.41%18.54%15.74%15.75%18.75%25.25%26.44%28.18%
Net Income-130.00K1.69M617.00K-7.11M-13.97M-3.85M6.72M38.60M53.82M64.45M70.82M90.78M140.82M206.77M227.13M269.74M
Net Income Margin-0.33%3.06%0.80%-6.54%-9.15%-1.67%2.24%10.22%11.51%11.48%11.14%10.65%11.99%14.74%14.24%15.23%
R&D1.56M1.79M6.83M10.36M19.86M26.74M29.10M37.65M50.33M62.77M76.71M102.91M163.99M178.33M205.85M221.39M
R&D as % of Total Revenue3.96%3.25%8.83%9.53%13.01%11.59%9.70%9.97%10.76%11.18%12.07%12.07%13.96%12.72%12.90%12.50%
Interest Expense000000001.82M695.00K939.00K498.00K752.00K758.00K13.05M-
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.39%0.12%0.15%0.06%0.06%0.05%0.82%-

Balance Sheet

Currency: USD2011-06-302012-06-302013-06-302014-06-302015-06-302016-06-302017-06-302018-06-302019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-302026-06-30
Total Assets316.49M284.94M377.92M528.15M720.55M1.39B1.14B1.51B1.80B1.99B2.41B4.81B3.70B4.25B4.39B4.88B
Total Liabilities309.41M276.02M367.94M437.02M612.97M1.27B989.83M1.29B1.50B1.59B1.94B4.20B2.85B3.21B3.16B3.66B
Total Equity7.08M8.93M9.98M91.13M107.58M119.57M147.61M212.82M307.96M392.91M476.93M613.46M842.86M1.03B1.23B1.22B
Cash7.99M9.03M7.59M78.85M81.26M86.50M103.47M137.19M132.48M250.85M202.29M139.76M288.77M401.81M398.07M271.92M
Total Debt3.50M3.19M1.56M----2.14M1.48M181.38M74.75M77.52M70.27M54.45M217.89M123.45M
Net Debt-4.49M-5.84M-6.03M-78.85M-81.26M-86.50M-103.47M-135.05M-130.99M-69.47M-127.54M-62.24M-218.50M-347.36M-180.18M-148.47M

Cash Flow

Currency: USD2011-06-302012-06-302013-06-302014-06-302015-06-302016-06-302017-06-302018-06-302019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-302026-06-30
Operating Cash Flow5.02M8.56M6.23M7.20M11.11M32.99M61.98M97.87M115.03M111.95M124.85M155.05M281.84M384.67M418.23M533.25M
Investing Cash Flow-181.21M28.56M-98.60M-78.82M-199.17M-673.36M259.34M-339.36M-43.34M-48.76M48.42M-479.77M-220.16M-101.89M-455.55M-154.79M
Financing Cash Flow176.53M-36.09M90.94M142.88M190.48M645.61M-304.35M275.22M114.72M2.79M280.54M2.17B-1.43B141.65M-325.82M8.98M
Capital Expenditure4.73M7.16M5.95M11.02M13.23M24.47M34.98M37.31M31.42M16.58M38.05M52.58M66.91M18.03M75.47M36.15M
Free Cash Flow289.00K1.40M274.00K-3.82M-2.13M8.52M27.00M60.55M83.61M95.38M86.80M102.47M215.81M366.57M342.75M497.10M
Dividends Paid---00000-69.96M51.83M69.76M----
FCF to OCF5.75%16.37%4.40%-53.02%-19.18%25.82%43.56%61.87%72.68%85.19%69.52%66.09%76.57%95.29%81.95%93.22%
Dividend Paid to FCF---0.00%0.00%0.00%0.00%0.00%-73.35%59.72%68.08%----

Earnings

Report DateMay 14, 2014Aug 14, 2014Nov 6, 2014Feb 5, 2015May 7, 2015Aug 13, 2015Nov 5, 2015Feb 4, 2016May 5, 2016Aug 9, 2016Nov 3, 2016Feb 2, 2017May 4, 2017Aug 10, 2017Nov 2, 2017Feb 8, 2018May 3, 2018Aug 9, 2018Nov 1, 2018Feb 6, 2019May 2, 2019Aug 8, 2019Oct 30, 2019Feb 4, 2020May 7, 2020Aug 6, 2020Nov 5, 2020Feb 4, 2021May 6, 2021Aug 5, 2021Nov 4, 2021Feb 3, 2022May 5, 2022Aug 4, 2022Nov 3, 2022Feb 2, 2023May 4, 2023Aug 3, 2023Nov 2, 2023Feb 8, 2024May 2, 2024Aug 1, 2024Oct 30, 2024Feb 6, 2025May 1, 2025Aug 5, 2025Nov 4, 2025Feb 5, 2026May 7, 2026Aug 4, 2026Nov 3, 2026
EPS Estimate-0.06-0.05-0.08-0.080.05-0.06-0.07-0.030.14-0.040.020.030.230.010.110.130.470.120.200.220.570.250.260.290.690.130.150.250.670.300.380.420.910.530.640.741.531.131.131.281.981.291.411.432.121.351.571.602.580.981.46
EPS Actual0.04-0.05-0.03-0.050.04-0.030.020.080.21-0.010.070.100.400.090.150.160.880.110.200.230.600.340.360.360.830.320.380.390.880.460.590.641.220.800.981.121.741.321.401.492.211.481.661.522.431.561.751.852.891.32-
Surprise166.67%0.00%62.50%37.50%-20.00%50.00%128.57%366.67%50.00%75.00%250.00%233.33%73.91%800.00%36.36%23.08%87.23%-8.33%0.00%4.55%5.26%36.00%38.46%24.14%20.29%146.15%153.33%56.00%31.34%53.33%55.26%52.38%34.07%50.94%53.13%51.35%13.73%16.81%23.89%16.41%11.62%14.73%17.73%6.29%14.62%15.56%11.46%15.63%12.02%34.69%-
TimingAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap7.90B
Enterprise Value7.48B
Trailing P/E29.13
Forward P/E15.43
PEG Ratio1.16
Price / Sales4.46
Price / Book6.24
EPS4.90
Book Value22.06
Revenue (TTM)1.77B
Gross Profit (TTM)1.23B
EBITDA427.99M
Profit Margin15.23%
Operating Margin19.06%
Return on Equity21.97%
Return on Assets5.21%
Shares Outstanding55.37M
Shares Float42.47M
Beta0.45
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 20 analystsTarget 172.00
  • Strong Buy
    10
  • Buy
    4
  • Hold
    5
  • Sell
    1

Ownership Breakdown

Institutions
89.22%
Insiders
20.11%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    4.39M8.27%
  • T. Rowe Price Investment Management,Inc.
    4.04M7.61%
  • Vanguard Portfolio Management, LLC
    2.18M4.11%
  • Vanguard Capital Management, LLC
    1.95M3.68%
  • Citadel Advisors Llc
    1.50M2.83%
  • State Street Corp
    1.34M2.53%
  • Morgan Stanley - Brokerage Accounts
    1.34M2.52%
  • Geode Capital Management, LLC
    1.29M2.43%
  • Two Sigma Investments LLC
    1.14M2.15%
  • AQR Capital Management LLC
    1.14M2.14%
  • Point72 Asset Management, L.P.
    1.11M2.09%
  • JPMorgan Chase & Co
    904.98K1.71%
  • Millennium Management LLC
    743.85K1.40%
  • D. E. Shaw & Co LP
    688.90K1.30%
  • BNP Paribas Arbitrage, SA
    665.27K1.25%
  • T. Rowe Price Associates, Inc.
    642.19K1.21%

Top Fund Holders

  • iShares Core S&P Mid-Cap ETF
    1.52M2.86%
  • T. Rowe Price Mid-Cap Growth
    1.45M2.72%
  • Vanguard MStar Total Stk Mkt Idx Invest
    1.37M2.57%
  • Vanguard Small Cap Index
    985.89K1.86%