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) regularly issues news and updates that reflect its role as a provider of cloud-based HR, payroll, finance, IT and spend management software. Headquartered in Schaumburg, Illinois and founded in 1997, the company uses press releases and investor communications to share information about its unified platform, product innovations, financial performance and partnerships.
Investors and followers of PCTY can expect frequent earnings announcements and related updates. Paylocity reports quarterly and full-year financial results, often accompanied by Form 8-K filings that summarize revenue, recurring and other revenue, operating income, net income and non-GAAP metrics such as Adjusted EBITDA and free cash flow. These releases also discuss long-term financial targets and provide guidance ranges for upcoming quarters and fiscal years.
Product and technology news is another recurring theme. The company has announced the launch of Paylocity for Finance, which extends its HCM platform into the Office of the CFO with modules for AP Automation, Expense Management, Corporate Cards, Guided Procurement and Headcount Planning. It has also highlighted enhancements to its AI Assistant, describing how the Assistant can turn everyday questions into actions within the platform, such as checking PTO balances, viewing open headcount or referencing expense policies on desktop and mobile.
Paylocity’s news flow also includes partnership and branding announcements. The company has unveiled multi-year sponsorships with professional sports organizations such as the Vegas Golden Knights, the New York Islanders and UBS Arena, and the Chicago Bulls. In these announcements, Paylocity is identified as an Official HCM Partner or Official HCM Software Partner, and the releases describe how its technology supports HR and payroll operations while aligning with community and culture-focused initiatives.
In addition, Paylocity issues notices about upcoming earnings conference calls, including webcast details and replay availability, and provides background on its business model and culture in the "About Paylocity" sections of its releases. For anyone tracking PCTY, this news stream offers insight into the company’s financial trajectory, product roadmap, AI capabilities, sponsorship strategy and broader positioning in the Software Publishers industry.
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.
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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.