Welcome to our dedicated page for Paylocity Holding Corporation news (Ticker: PCTY), a resource for investors and traders seeking the latest updates and insights on Paylocity Holding Corporation stock.
Paylocity Holding Corporation (NASDAQ: PCTY) is a leading provider of cloud-based human capital management (HCM) and payroll software solutions, primarily servicing small to midsize clients in the United States. Founded in 1997 and publicly traded since 2014, Paylocity's unique offering bridges the gap between traditional payroll services and advanced software solutions, targeting businesses with 10 to 5,000 employees.
Over the years, Paylocity has expanded its product suite to include not just core payroll services but also a comprehensive range of HCM solutions such as time and attendance tracking, recruiting software, and workplace collaboration tools. The company's platform is designed to elevate payroll and HR functions from the back office to the boardroom, offering the same level of sophisticated cloud software typically found in sales, finance, and operations.
Paylocity has received numerous accolades, including being an eight-time Inc. Magazine winner for America's fastest-growing privately-held companies and a seven-time winner of Chicago's 101 Best & Brightest Companies to Work For. The company is also a four-time winner of the Best Places to Work in Illinois.
Recent achievements include the launch of new products like Recognition & Rewards and Employee Voice, which aim to enhance employee engagement and build stronger workplace connections. The company continues to innovate by integrating generative AI into its HCM platform and offering a next-generation mobile app for seamless access.
Financially, Paylocity has shown consistent growth. As of the first quarter of fiscal year 2024, the company reported a 25% increase in total revenue and a 19% rise in recurring revenue. The company's commitment to innovation and client engagement was further demonstrated at the annual Elevate Client Conference, where new product releases were announced.
Paylocity's latest ventures include AI-driven shift scheduling, which optimizes employee schedules, and AI-powered learning recommendations to aid in employee development. These advancements have been well-received, with significant adoption rates among early users.
Headquartered in Schaumburg, IL, Paylocity continues to push the boundaries of modern HR, helping businesses automate and streamline their HR and payroll processes. For more information, visit www.paylocity.com.
Paylocity Holding Corporation (Nasdaq: PCTY) reported strong financial results for Q1 2022, with total revenue of $181.7 million, up 34% year-over-year. Recurring revenue reached $180.8 million, marking a similar 34% increase. GAAP net income was $30.9 million or $0.55 per share. The company has $69.6 million in cash and equivalents, although cash flow from operations decreased to ($4.1) million. Looking ahead, Q2 2022 revenue is projected between $185.5 million to $189.5 million, while FY 2022 revenue is expected at $815 million to $820 million.
Paylocity Holding Corporation (PCTY) has scheduled a conference call for November 4, 2021, at 4:30 PM CT to discuss its Q1 fiscal 2022 results. Investors can participate by calling (855) 226-3021 or (315) 625-6892, with a conference ID of 9393553. A live webcast will be available at www.paylocity.com. An advanced press release will be issued ahead of the call, accessible in the investor relations section of the company’s website.
Paylocity (NASDAQ: PCTY) has announced the acquisition of Blue Marble Payroll, enhancing its international payroll solutions. Serving around 450 clients, Blue Marble specializes in managing international payroll across 150 countries. The deal reflects Paylocity's strategy to streamline payroll management for U.S.-based companies with overseas employees, contributing to their hybrid workforce solutions. Blue Marble is projected to account for less than 2% of Paylocity's revenue in fiscal 2022, with future financial guidance to be updated in Q1 fiscal 2022.
Paylocity Holding Corporation (PCTY) has announced the promotion of three executives to enhance its long-term growth strategy. Holly Fulp is now Senior Vice President and Chief Strategy Officer, Ryan Glenn is Senior Vice President of Finance, and Josh Scutt is Senior Vice President of Sales. These moves aim to support sustained growth and scalability in the company’s operations. CEO Steve Beauchamp expressed confidence in the executives' contributions to the company's culture and success. Paylocity, a provider of cloud-based HR and payroll software, was founded in 1997 and has been publicly traded since 2014.
Paylocity Holding Corporation (Nasdaq: PCTY) reported strong financial results for Q4 and FY 2021, highlighting a total revenue of $167.5 million, up 28% year-over-year, and recurring revenue of $166.5 million, a 29% increase. For FY 2021, total revenue reached $635.6 million, up 13%, with a net income of $70.8 million ($1.26 per share). The company expects Q1 2022 revenues between $171.5 million to $175.5 million, forecasting 25% growth for FY 2022 with revenues projected at $790 million to $795 million.
Paylocity, a leading HR and payroll software provider, reported significant adoption of its Modern Workforce Solutions, including Community, Premium Video, Surveys, and the Modern Workforce Index. In the fiscal year ending June 30, Community announcements increased by over 150% year-over-year, and unique visitors doubled. Paylocity's clients, such as Revere Plastics and VStyles, have significantly improved employee engagement and reduced turnover using its solutions. The company received several accolades for its innovative offerings and ranked on the 'Crain's Fast 50' list for the eighth consecutive time.
Paylocity Holding Corporation (Nasdaq: PCTY) announced a conference call to discuss its fourth quarter and full fiscal 2021 results, scheduled for August 5, 2021, at 4:30 PM Central Time. Investors can join the call by dialing (855) 226-3021 and using conference ID 1946417. A live webcast will also be available on the company’s website. A press release with results will precede the call, accessible in the investor relations section. Established in 1997, Paylocity focuses on cloud-based HR and payroll solutions and is recognized for its unique workplace culture.
Paylocity Holding Corporation (PCTY) reported strong financial results for Q3 2021, with total revenue of $186.1 million, an increase of 8% year-over-year. Recurring and other revenue reached $184.9 million, growing 11% year-over-year. GAAP net income was $36.8 million or $0.65 per share. Cash flow from operations improved to $66.1 million, up from $50.7 million in Q3 2020. Looking ahead, the company projects Q4 revenue between $159.5 million and $163.5 million, anticipating 22%-25% growth. Fiscal year 2021 revenue is expected to be $627.7 million to $631.7 million, a 12% increase.
Paylocity (NASDAQ: PCTY) announced a study conducted by Deloitte revealing opportunities for businesses to save time and money in HR and payroll processes. With the job market evolving post-pandemic, HR teams face new challenges, including compliance and employee expectations. Key findings indicated potential automation savings of $24,500 for payroll tasks, $24,000 for time management, and $23,000 for communications. Paylocity's new Modern Workforce Index leverages data from over 25,000 customers to improve HR efficiency and employee engagement, ultimately enhancing company health.
FAQ
What is the current stock price of Paylocity Holding Corporation (PCTY)?
What is the market cap of Paylocity Holding Corporation (PCTY)?
What does Paylocity Holding Corporation specialize in?
When was Paylocity founded and when did it go public?
What is the ticker symbol for Paylocity Holding Corporation?
What are some of Paylocity's recent product innovations?
How many clients does Paylocity serve?
What awards has Paylocity won?
What financial growth did Paylocity achieve in the first quarter of fiscal year 2024?
Where is Paylocity headquartered?
What is the mission of Paylocity?
How can I get more information about Paylocity?
