Paylocity Holding
Market Cap
US$6.3b
Last Updated
2020/05/25 04:52 UTC
Data Sources
Company Financials +
Executive Summary
Paylocity Holding Corporation provides cloud-based payroll and human capital management software solutions for medium-sized organizations in the United States.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with proven track record.
Similar Companies
Share Price & News
How has Paylocity Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PCTY's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-1.0%
PCTY
1.4%
US Software
1.0%
US Market
1 Year Return
16.2%
PCTY
28.9%
US Software
4.1%
US Market
Return vs Industry: PCTY underperformed the US Software industry which returned 28.8% over the past year.
Return vs Market: PCTY exceeded the US Market which returned 3.7% over the past year.
Shareholder returns
| PCTY | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.0% | 1.4% | 1.0% |
| 30 Day | 33.3% | 9.8% | 5.4% |
| 90 Day | -11.8% | 8.0% | -5.7% |
| 1 Year | 16.2%16.2% | 29.9%28.9% | 6.5%4.1% |
| 3 Year | 149.7%149.7% | 128.2%120.3% | 28.3%19.8% |
| 5 Year | 261.9%261.9% | 204.0%185.5% | 52.2%35.0% |
Price Volatility Vs. Market
How volatile is Paylocity Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
The Paylocity Holding (NASDAQ:PCTY) Share Price Is Up 223% And Shareholders Are Boasting About It1 month ago | Simply Wall St
Estimating The Intrinsic Value Of Paylocity Holding Corporation (NASDAQ:PCTY)1 month ago | Simply Wall St
How Does Paylocity Holding's (NASDAQ:PCTY) P/E Compare To Its Industry, After The Share Price Drop?Valuation
Is Paylocity Holding undervalued compared to its fair value and its price relative to the market?
90.18x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PCTY ($117.85) is trading above our estimate of fair value ($58.28)
Significantly Below Fair Value: PCTY is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PCTY is poor value based on its PE Ratio (90.2x) compared to the Software industry average (48.3x).
PE vs Market: PCTY is poor value based on its PE Ratio (90.2x) compared to the US market (15.1x).
Price to Earnings Growth Ratio
PEG Ratio: PCTY is poor value based on its PEG Ratio (7x)
Price to Book Ratio
PB vs Industry: PCTY is overvalued based on its PB Ratio (16.9x) compared to the US Software industry average (5.5x).
Next Steps
Future Growth
How is Paylocity Holding forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
12.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PCTY's forecast earnings growth (12.8% per year) is above the savings rate (2.2%).
Earnings vs Market: PCTY's earnings (12.8% per year) are forecast to grow slower than the US market (21.6% per year).
High Growth Earnings: PCTY's earnings are forecast to grow, but not significantly.
Revenue vs Market: PCTY's revenue (14.6% per year) is forecast to grow faster than the US market (8.9% per year).
High Growth Revenue: PCTY's revenue (14.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if PCTY's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Paylocity Holding performed over the past 5 years?
67.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PCTY has high quality earnings.
Growing Profit Margin: PCTY's current net profit margins (12.7%) are higher than last year (9.5%).
Past Earnings Growth Analysis
Earnings Trend: PCTY has become profitable over the past 5 years, growing earnings by 67.9% per year.
Accelerating Growth: PCTY's earnings growth over the past year (65.4%) is below its 5-year average (67.9% per year).
Earnings vs Industry: PCTY earnings growth over the past year (65.4%) exceeded the Software industry 6.3%.
Return on Equity
High ROE: PCTY's Return on Equity (18.6%) is considered low.
Next Steps
Financial Health
How is Paylocity Holding's financial position?
Financial Position Analysis
Short Term Liabilities: PCTY's short term assets ($2.0B) exceed its short term liabilities ($1.8B).
Long Term Liabilities: PCTY's short term assets ($2.0B) exceed its long term liabilities ($85.7M).
Debt to Equity History and Analysis
Debt Level: PCTY is debt free.
Reducing Debt: PCTY had no debt 5 years ago.
Debt Coverage: PCTY has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: PCTY has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Paylocity Holding's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PCTY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PCTY's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PCTY's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PCTY's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PCTY's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.7yrs
Average management tenure
CEO
Steve Beauchamp (47yo)
13.33yrs
Tenure
US$7,185,881
Compensation
Mr. Steven R. Beauchamp, also known as Steve, serves as the Chief Executive Officer of Paylocity Holding Corporation. Mr. Beauchamp has been the President and Chief Operating Officer at Paylocity Corporati ...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD7.19M) is about average for companies of similar size in the US market ($USD7.43M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 13.33yrs | US$7.19m | 3.32% $209.9m | |
| President & COO | 2.75yrs | US$3.85m | 1.43% $90.4m | |
| Chief Financial Officer | 2.67yrs | US$3.48m | 0.21% $13.5m | |
| Senior Vice President of Product & Technology | no data | US$2.25m | 0.20% $12.6m | |
| Senior Vice President of Operations | 5yrs | US$2.11m | 0.13% $8.2m | |
| Chief Accounting Officer | 1.92yrs | no data | no data | |
| Vice President of FP&A and Investor Relations | no data | no data | no data | |
| Vice President of Tax & Compliance | no data | no data | no data | |
| VP & General Counsel | 2.33yrs | no data | no data | |
| VP & Head of Corporate Development | 2.33yrs | no data | no data |
2.7yrs
Average Tenure
47yo
Average Age
Experienced Management: PCTY's management team is considered experienced (2.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 13.33yrs | US$7.19m | 3.32% $209.9m | |
| Independent Director | 1.67yrs | US$207.78k | 0.0039% $244.9k | |
| Independent Director | 3.5yrs | US$230.69k | 0.020% $1.2m | |
| Lead Independent Director | 3.83yrs | US$250.94k | 0.038% $2.4m | |
| Director | 0.17yr | no data | no data | |
| Independent Director | 12yrs | US$221.94k | 0.040% $2.5m | |
| Founder & Chairman | 23.33yrs | US$201.94k | 25.27% $1.6b | |
| Independent Director | 5.67yrs | US$214.44k | 0.038% $2.4m | |
| Director | 0.17yr | no data | no data |
3.8yrs
Average Tenure
54yo
Average Age
Experienced Board: PCTY's board of directors are considered experienced (3.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Paylocity Holding Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Paylocity Holding Corporation
- Ticker: PCTY
- Exchange: NasdaqGS
- Founded: 1997
- Industry: Application Software
- Sector: Software
- Market Cap: US$6.327b
- Shares outstanding: 53.69m
- Website: https://www.paylocity.com
Number of Employees
Location
- Paylocity Holding Corporation
- 1400 American Lane
- Schaumburg
- Illinois
- 60173
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PCTY | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Mar 2014 |
| 0P7 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Mar 2014 |
Biography
Paylocity Holding Corporation provides cloud-based payroll and human capital management software solutions for medium-sized organizations in the United States. The company offers Payroll module that enables clients to automate key payroll processes and manage compliance; Core HR module, which provides a set of HR capabilities enabling clients to manage HR data; and Talent module that enable clients to manage their talent throughout employees’ tenures, starting at recruiting and carrying through onboarding, learning, and performance management. It also provides Workforce Management module for time and attendance and scheduling functionality, enabling clients to collect hourly data for employees, improve productivity, and help organizations control labor costs; Benefits modules, which offers benefit management solutions that integrate with insurance carrier systems to provide automated administrative processes. In addition, the company offers third-party administrative services for clients designed to modernize the administration of flexible spending accounts, health savings accounts, transportation management accounts, premium only plans, and health reimbursement arrangements for their employees. Further, it provides implementation and training, client, and tax and regulatory services. The company was founded in 1997 and is headquartered in Schaumburg, Illinois.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/05/25 04:52 |
| End of Day Share Price | 2020/05/22 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/06/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.