Paylocity Holding Corp (OQ:PCTY)
Business Focus: Enterprise Software
| Sector: Technology | Industry: Software |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1400 American Ln SCHAUMBURG IL 60173-5452 |
| Tel: | N/A |
| Website: | https://www.paylocity.com |
| IR: | See website |
| Key People | ||
| Steven Ira Sarowitz Chairman of the Board | Toby J. Williams President, Co-Chief Executive Officer, Director | Steve Raymond Beauchamp Co-Chief Executive Officer, Director |
| Ryan Glenn Chief Financial Officer, Treasurer | Joshua Scutt Senior Vice President of Sales | Katherine Ross Senior Vice President |
| Rachit Lohani Chief Technology Officer | Nicholas Rost Chief Accounting Officer, Vice President | |
| Business Overview |
| Paylocity Holding Corporation is a cloud-based provider of human capital management (HCM) and payroll software solutions. The Company's services are provided in a software-as-a-service (SaaS) delivery mode. Its HCM and payroll software solutions deliver a unified platform for the modern workplace. It offers a product suite that helps businesses attract and retain talent, build culture and connections with their employees and streamline and automate Human Resources (HR) and payroll processes. The Company's product suite comprises payroll, human resources, time & labor, talent, benefits, employee experiences, insights & recommendations, implementation and training services and tax and regulatory services. Its software solutions offer its clients automated data integration with third-party partner systems in its Integration Marketplace, such as 401(k), benefits and insurance provider systems. It provides its SaaS solutions to approximately 36,200 clients across the United States. |
| Financial Overview |
| For the six months ended 31 December 2023, Paylocity Holding Corp revenues increased 22% to $643.9M. Net income increased 58% to $72.6M. Revenues reflect Recurring and other revenue increase of 18% to $590.1M, Interest income on funds held for client increase from $24.4M to $53.8M. Net income benefited from Labor & Related Expenses in SGA decrease of 62% to $10.7M (expense), Research & Development Expenditure increase of 15% to $75.6M (income). |
| Employees: | 6,100 as of Jun 30, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $8,430M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,292M as of Dec 31, 2023 |
| EBITDA (TTM): | $280.72M as of Dec 31, 2023 |
| Net annual income (TTM): | $167.50M as of Dec 31, 2023 |
| Free cash flow (TTM): | $265.04M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 56,331,387 as of Feb 2, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Insidertracking.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Insider information is based on filings made either on EDGAR®
or on the System for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission. Copyright © 2024 INK Research Corp. All rights reserved.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.