Paylocity Holdin Stock Price, News & Analysis

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.

Paylocity Holding Corporation (Nasdaq: PCTY) has announced a conference call on May 6, 2021, at 4:30 PM Central Time to discuss its third-quarter fiscal 2021 results. The call can be accessed by dialing (855) 226-3021, with the conference ID 7724575. Participants are encouraged to join at least five minutes early. A live webcast will also be available on Paylocity's website. The results will be preceded by a press release accessible in the investor relations section. Paylocity continues to provide cloud-based HR and payroll software solutions since its founding in 1997.

Paylocity Holding Corporation (PCTY) reported a strong second quarter for fiscal year 2021, with total revenue reaching $146.3 million, an 11% increase compared to the same period last year. Recurring and other revenue stood at $145.4 million, reflecting a 14% year-over-year growth. The company achieved a net income of $9.6 million, or $0.17 per share. For fiscal year 2021, Paylocity expects total revenue between $623.5 million and $628.5 million, indicating an 11%-12% growth compared to the previous year.