Welcome to our dedicated page for Paylocity Holdin news (Ticker: PCTY), a resource for investors and traders seeking the latest updates and insights on Paylocity Holdin 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 (PCTY) will hold a conference call to discuss its Q1 fiscal 2021 results on November 5, 2020, at 4:00 PM Central Time. Interested participants can join the call by dialing (855) 226-3021 or accessing the live webcast at www.paylocity.com. A replay will be available post-call, with results also released beforehand on the company's investor relations page.
Paylocity (NASDAQ: PCTY) has launched its new touchless time clocks with thermal temperature scanning, enhancing workplace safety during the pandemic. This innovation allows for contactless time collection, addressing the challenges of maintaining social distancing. The clocks offer features like biometric fingerprint readers, facial recognition, and customizable employee attestations for monitoring wellness. CEO Steve Beauchamp emphasized that these advancements help organizations eliminate high-touch areas while boosting productivity. This addition complements Paylocity's existing time collection tools.
On Aug. 27, 2020, Paylocity (NASDAQ: PCTY) announced details for its 12th annual Elevate Conference, scheduled to take place virtually from Sept. 16-17. The conference aims to provide education, training, and recertification to HR professionals amidst the ongoing challenges in human capital management (HCM). Attendees will have access to recorded content for a month post-event and can expect insights from industry leaders and Paylocity executives on business developments. The agenda includes over 30 speakers and networking opportunities.
Paylocity Holding Corporation (PCTY) announced its Q4 and FY 2020 financial results, showcasing strong growth despite COVID-19 challenges. Q4 total revenue reached $130.6 million, an 8% YoY increase, while FY 2020 total revenue was $561.3 million, up 20% YoY. Recurring and other revenue for Q4 was $129.3 million, a 13% increase, and $546.2 million for FY 2020, reflecting a 22% growth. The company reported a GAAP net income of $64.5 million for FY 2020, translating to $1.15 per share. Looking ahead, PCTY projects Q1 2021 revenue between $131.5 million and $135.5 million.
Paylocity (NASDAQ: PCTY) has launched a new feature called Ask an Expert, enhancing its existing Community platform. This feature allows employees to directly connect with subject matter experts to ask questions about payroll, benefits, and other topics, streamlining communication for remote work environments. Key offerings include custom groups for various inquiries and real-time notifications for administrators. This initiative aims to increase employee engagement and productivity, especially amidst ongoing changes due to the pandemic.
Paylocity Holding Corporation (PCTY) has scheduled a conference call to discuss its fourth quarter and full fiscal 2020 results on August 6, 2020, at 4:30 PM CT. Interested parties can join by dialing the provided numbers or accessing a live webcast. A press release detailing the financial results will be released ahead of the call. Paylocity, a leader in cloud-based HR and payroll software, aims to support businesses through innovative solutions while maintaining a strong workplace culture. For more information, visit their website.
Paylocity (NASDAQ: PCTY), a leading provider of cloud-based HR and payroll software, announced new COVID-19 Return to Work offerings on July 8, 2020. The solutions aim to assist businesses in safely reopening and adapting their workforce management strategies in response to the ongoing pandemic. Key features include mobile attestation for health checks, mobile photo punch for clocking in, and enhancements for recruiting and onboarding. Additionally, Paylocity updated its labor cost dashboard to provide better insights on labor costs amidst ongoing financial challenges.
Paylocity reported strong Q3 2020 financials, with total revenue of $171.6 million, up 23% year-over-year. Recurring and other revenue reached $167.1 million, reflecting a 25% increase. The GAAP operating income was $47.7 million, compared to $36.2 million in Q3 2019. Net income also rose to $40.1 million or $0.72 per share. For Q4 2020, the company anticipates revenue between $121 million and $131 million, indicating 5% growth. Full-year revenue guidance is set between $551.7 million and $561.7 million.
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