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Paylocity Holding Corporation - PCTY STOCK NEWS

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.

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Paylocity has announced a conference call to discuss its Q4 and FY24 earnings results on August 1st at 4:30 pm Central Time (5:30 pm Eastern Time). The call will be webcast live on the company's Investor Relations page. Dial-in details will be provided upon clicking a link available on the website. A replay of the call will be archived on Paylocity's website. The company will issue a press release with highlights of its results before the call, accessible on the investor relations section of the website.

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Paylocity Holding (Nasdaq: PCTY) reported strong financial results for the third quarter of fiscal year 2024, with total revenue up 18% to $401.3 million and recurring & other revenue up 17% to $366.8 million. The company's Board of Directors also approved a $500 million share repurchase program.

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Paylocity Holding (Nasdaq: PCTY) has announced a conference call to review its third quarter fiscal 2024 results scheduled for Thursday, May 2nd. The call will be available via live webcast on the company's website. A press release with the results will be issued in advance.
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Paylocity introduces new innovative features to enhance talent acquisition, employee engagement, and retention for the next-generation workforce. With the rise of Gen Z employees, companies are adapting to meet their distinct needs and preferences.
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Paylocity (PCTY) appoints Craig Conway to its Board of Directors, bringing extensive leadership experience in technology. Conway's background includes roles at PeopleSoft and One Touch Systems. His addition is expected to enhance Paylocity's strategic direction and innovation efforts.
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Paylocity Holding Corporation (PCTY) reported Q2 2024 revenue of $326.4 million, up 20% year-over-year, with recurring & other revenue of $298.4 million, up 16% year-over-year. The company achieved GAAP operating income of $49.7 million and non-GAAP operating income of $92.8 million. GAAP net income was $38.1 million or $0.67 per share. The company's cash and cash equivalents totaled $366.9 million, with cash flow from operations for the first six months of fiscal year 2024 at $137.2 million. Paylocity issued guidance for Q3 2024 with expected total revenue in the range of $395.0 million to $399.0 million and adjusted EBITDA in the range of $153.5 million to $156.5 million. For fiscal year 2024, the company expects total revenue in the range of $1.384 billion to $1.389 billion and adjusted EBITDA in the range of $474.0 million to $478.0 million.
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Paylocity Holding Corporation (Nasdaq: PCTY) has scheduled a conference call to review its second quarter fiscal 2024 results for February 8th. The live webcast will be available on the 'Investor Relations' page of the Company’s website. A press release highlighting the Company's results will be issued in advance of the conference call and will be accessible at www.paylocity.com in the investor relations section.
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Paylocity (NASDAQ: PCTY) announced new AI features to streamline HR processes and enhance employee experiences. The AI-driven optimized workforce schedules, personalized learning plans, and intelligent recommendations reflect the company's commitment to modern workforce transformation. Paylocity's AI strategy aims to enhance business efficiency and user experience, contributing meaningfully to the industry.
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Paylocity (NASDAQ: PCTY) has announced the acquisition of TraceHQ.com, Inc. ('Trace'), an innovative solution for headcount planning. This acquisition aims to extend Paylocity's platform to include labor planning tools to model, forecast, implement, and analyze headcount decisions. The acquisition is expected to enhance Paylocity's suite of HR products with market-leading headcount planning capabilities from Trace, enabling clients to make and implement headcount decisions in real time. Paylocity does not anticipate a material impact on its financial results for the second quarter and fiscal 2024.
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Paylocity Holding Corporation (Nasdaq: PCTY) reported Q1 2024 total revenue of $317.6 million, up 25% YoY. Recurring & Other Revenue was $291.7 million, up 19% YoY. GAAP net income was $34.5 million or $0.61 per share. Paylocity also provided guidance for Q2 2024 with expected total revenue in the range of $322.5 million to $326.5 million, representing approximately 19% growth over Q2 2023.
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FAQ

What does Paylocity Holding Corporation specialize in?

Paylocity specializes in providing cloud-based human capital management (HCM) and payroll software solutions to small to midsize businesses in the United States.

When was Paylocity founded and when did it go public?

Paylocity was founded in 1997 and went public in 2014.

What is the ticker symbol for Paylocity Holding Corporation?

The ticker symbol for Paylocity Holding Corporation is PCTY.

What are some of Paylocity's recent product innovations?

Recent innovations include Recognition & Rewards and Employee Voice products, as well as AI-driven shift scheduling and learning recommendations.

How many clients does Paylocity serve?

As of fiscal 2023, Paylocity serves about 36,000 clients.

What awards has Paylocity won?

Paylocity has won awards including 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.

What financial growth did Paylocity achieve in the first quarter of fiscal year 2024?

In the first quarter of fiscal year 2024, Paylocity reported a 25% increase in total revenue and a 19% rise in recurring revenue.

Where is Paylocity headquartered?

Paylocity is headquartered in Schaumburg, IL.

What is the mission of Paylocity?

Paylocity's mission is to elevate payroll and HR functions from the back office to the boardroom by providing advanced cloud software solutions.

How can I get more information about Paylocity?

For more information, visit Paylocity's official website at www.paylocity.com.

Paylocity Holding Corporation

Nasdaq:PCTY

PCTY Rankings

PCTY Stock Data

7.90B
56.43M
20.56%
83.57%
4.72%
Software Publishers
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United States of America
SCHAUMBURG