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Paylocity Holding

Nasdaq:PCTY
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PCTY
Nasdaq
$5B
Market Cap
  1. Home
  2. US
  3. Software
Company description

Paylocity Holding Corporation provides cloud-based payroll and human capital management software solutions for medium-sized organizations in the United States. The last earnings update was 74 days ago. More info.


Add to Portfolio Compare Print
  • Paylocity Holding has significant price volatility in the past 3 months.
PCTY Share Price and Events
7 Day Returns
-0.3%
NasdaqGS:PCTY
-0.3%
US Software
-0.3%
US Market
1 Year Returns
66%
NasdaqGS:PCTY
27%
US Software
7%
US Market
PCTY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Paylocity Holding (PCTY) -0.3% 4.2% 34.4% 66% 136.1% 353.3%
US Software -0.3% 0.9% 13.3% 27% 114.8% 157.4%
US Market -0.3% 2% 8.5% 7% 37.7% 46.8%
1 Year Return vs Industry and Market
  • PCTY outperformed the Software industry which returned 27% over the past year.
  • PCTY outperformed the Market in United States of America which returned 7% over the past year.
Price Volatility
PCTY
Industry
5yr Volatility vs Market
Related Companies

PCTY Value

 Is Paylocity Holding undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Paylocity Holding to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Paylocity Holding.

NasdaqGS:PCTY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 16 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:PCTY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.139 (1 + (1- 21%) (0%))
1.093
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.093 * 5.96%)
9.24%

Discounted Cash Flow Calculation for NasdaqGS:PCTY using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Paylocity Holding is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:PCTY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.24%)
2019 71.45 Analyst x7 65.41
2020 91.50 Analyst x7 76.67
2021 130.09 Analyst x5 99.78
2022 221.00 Analyst x1 155.16
2023 284.00 Analyst x1 182.52
2024 335.96 Est @ 18.3% 197.65
2025 381.74 Est @ 13.63% 205.57
2026 421.28 Est @ 10.36% 207.67
2027 455.27 Est @ 8.07% 205.43
2028 484.71 Est @ 6.47% 200.21
Present value of next 10 years cash flows $1,596.06
NasdaqGS:PCTY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $484.71 × (1 + 2.73%) ÷ (9.24% – 2.73%)
$7,643.46
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $7,643.46 ÷ (1 + 9.24%)10
$3,157.09
NasdaqGS:PCTY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,596.06 + $3,157.09
$4,753.15
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,753.15 / 52.92
$89.82
NasdaqGS:PCTY Discount to Share Price
Calculation Result
Value per share (USD) From above. $89.82
Current discount Discount to share price of $89.07
= -1 x ($89.07 - $89.82) / $89.82
0.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Paylocity Holding is available for.
Intrinsic value
1%
Share price is $89.07 vs Future cash flow value of $89.82
Current Discount Checks
For Paylocity Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Paylocity Holding's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Paylocity Holding's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Paylocity Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Paylocity Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:PCTY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $1.01
NasdaqGS:PCTY Share Price ** NasdaqGS (2019-04-18) in USD $89.07
United States of America Software Industry PE Ratio Median Figure of 83 Publicly-Listed Software Companies 54.37x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 18.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Paylocity Holding.

NasdaqGS:PCTY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:PCTY Share Price ÷ EPS (both in USD)

= 89.07 ÷ 1.01

88.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Paylocity Holding is overvalued based on earnings compared to the US Software industry average.
  • Paylocity Holding is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Paylocity Holding's expected growth come at a high price?
Raw Data
NasdaqGS:PCTY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 88.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
24.1%per year
United States of America Software Industry PEG Ratio Median Figure of 66 Publicly-Listed Software Companies 3.25x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NasdaqGS:PCTY PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 88.35x ÷ 24.1%

3.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Paylocity Holding is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Paylocity Holding's assets?
Raw Data
NasdaqGS:PCTY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $4.74
NasdaqGS:PCTY Share Price * NasdaqGS (2019-04-18) in USD $89.07
United States of America Software Industry PB Ratio Median Figure of 219 Publicly-Listed Software Companies 5.67x
United States of America Market PB Ratio Median Figure of 5,184 Publicly-Listed Companies 1.91x
NasdaqGS:PCTY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:PCTY Share Price ÷ Book Value per Share (both in USD)

= 89.07 ÷ 4.74

18.77x

* Primary Listing of Paylocity Holding.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Paylocity Holding is overvalued based on assets compared to the US Software industry average.
X
Value checks
We assess Paylocity Holding's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. Paylocity Holding has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PCTY Future Performance

 How is Paylocity Holding expected to perform in the next 1 to 3 years based on estimates from 16 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
24.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Paylocity Holding expected to grow at an attractive rate?
  • Paylocity Holding's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Paylocity Holding's earnings growth is expected to exceed the United States of America market average.
  • Paylocity Holding's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:PCTY Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:PCTY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts 24.1%
NasdaqGS:PCTY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts 17.5%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 15.4%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 10.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:PCTY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:PCTY Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 972 1
2022-06-30 813 1
2021-06-30 668 167 79 7
2020-06-30 557 136 66 16
2019-06-30 460 110 48 16
NasdaqGS:PCTY Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 418 98 53
2018-09-30 397 97 48
2018-06-30 378 98 39
2018-03-31 357 88 36
2017-12-31 334 81 12
2017-09-30 316 68 10
2017-06-30 300 62 7
2017-03-31 284 47 5
2016-12-31 264 38 -3
2016-09-30 251 32 -3
2016-06-30 231 33 -4
2016-03-31 211 30 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Paylocity Holding's earnings are expected to grow significantly at over 20% yearly.
  • Paylocity Holding's revenue is expected to grow by 17.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:PCTY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below

All data from Paylocity Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PCTY Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30
2022-06-30
2021-06-30 1.38 1.54 1.25 4.00
2020-06-30 1.14 1.43 0.96 8.00
2019-06-30 0.90 1.07 0.78 8.00
NasdaqGS:PCTY Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 1.01
2018-09-30 0.91
2018-06-30 0.74
2018-03-31 0.70
2017-12-31 0.23
2017-09-30 0.19
2017-06-30 0.13
2017-03-31 0.10
2016-12-31 -0.07
2016-09-30 -0.06
2016-06-30 -0.08
2016-03-31 -0.06

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Paylocity Holding will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Paylocity Holding's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Paylocity Holding has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PCTY Past Performance

  How has Paylocity Holding performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Paylocity Holding's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Paylocity Holding has delivered over 20% year on year earnings growth in the past 5 years.
  • Paylocity Holding's 1-year earnings growth exceeds its 5-year average (345.7% vs 75.3%)
  • Paylocity Holding's earnings growth has exceeded the US Software industry average in the past year (345.7% vs 37.2%).
Earnings and Revenue History
Paylocity Holding's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Paylocity Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PCTY Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 417.73 53.18 196.35 43.67
2018-09-30 396.53 47.91 186.80 40.15
2018-06-30 377.53 38.60 174.55 37.65
2018-03-31 356.97 36.31 160.85 34.83
2017-12-31 333.84 11.93 151.96 32.74
2017-09-30 316.49 9.83 144.89 30.69
2017-06-30 300.01 6.72 139.63 29.10
2017-03-31 283.79 5.15 131.45 29.24
2016-12-31 264.09 -3.49 125.51 29.03
2016-09-30 250.62 -2.98 118.40 28.61
2016-06-30 230.70 -3.85 109.43 26.74
2016-03-31 210.87 -2.87 99.52 24.50
2015-12-31 187.57 -7.28 90.35 22.79
2015-09-30 166.70 -12.53 82.23 21.27
2015-06-30 152.70 -13.97 75.86 19.86
2015-03-31 141.34 -16.25 71.46 17.46
2014-12-31 127.84 -17.57 64.49 14.85
2014-09-30 117.43 -13.44 57.68 11.93
2014-06-30 108.69 -9.39 50.26 10.36
2014-03-31 100.30 -3.79 42.35 8.67
2013-12-31 90.54 -2.92 36.90 8.07
2013-09-30 83.84 -1.98 33.31 7.42
2013-06-30 77.29 -2.29 30.77 6.83
2012-06-30 55.10 1.00 21.45 1.79

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Paylocity Holding has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Paylocity Holding used its assets less efficiently than the US Software industry average last year based on Return on Assets.
  • Paylocity Holding has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Paylocity Holding's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Paylocity Holding has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PCTY Health

 How is Paylocity Holding's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Paylocity Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Paylocity Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Paylocity Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Paylocity Holding's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Paylocity Holding has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Paylocity Holding Company Filings, last reported 3 months ago.

NasdaqGS:PCTY Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 250.94 0.00 104.05
2018-09-30 232.63 0.00 84.89
2018-06-30 212.82 0.00 137.19
2018-03-31 204.55 0.00 129.53
2017-12-31 158.15 0.00 111.03
2017-09-30 148.72 0.00 97.53
2017-06-30 147.61 0.00 103.47
2017-03-31 145.85 0.00 101.45
2016-12-31 125.34 0.00 82.26
2016-09-30 118.65 0.00 78.00
2016-06-30 119.57 0.00 86.50
2016-03-31 120.59 0.00 89.71
2015-12-31 109.79 0.00 79.02
2015-09-30 106.39 0.00 78.69
2015-06-30 107.58 0.00 81.26
2015-03-31 108.87 0.00 93.23
2014-12-31 105.14 0.00 89.48
2014-09-30 89.77 0.00 72.84
2014-06-30 91.13 0.00 78.85
2014-03-31 93.40 0.00 88.94
2013-12-31 8.77 1.25 2.83
2013-09-30 10.12 1.41 5.30
2013-06-30 9.98 1.56 7.59
2012-06-30 8.93 3.19 9.03
  • Paylocity Holding has no debt.
  • Paylocity Holding has no debt compared to 5 years ago when it was 12.7%.
  • Paylocity Holding has no debt, it does not need to be covered by operating cash flow.
  • Paylocity Holding has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Paylocity Holding's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Paylocity Holding has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PCTY Dividends

 What is Paylocity Holding's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Paylocity Holding dividends. Estimated to be 0% next year.
If you bought $2,000 of Paylocity Holding shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Paylocity Holding's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Paylocity Holding's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:PCTY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:PCTY Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-06-30
2022-06-30
2021-06-30
2020-06-30 0.00 1.00
2019-06-30 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Paylocity Holding has not reported any payouts.
  • Unable to verify if Paylocity Holding's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Paylocity Holding's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Paylocity Holding has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Paylocity Holding's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Paylocity Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Paylocity Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Paylocity Holding has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PCTY Management

 What is the CEO of Paylocity Holding's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Steve Beauchamp
COMPENSATION $6,290,454
AGE 46
TENURE AS CEO 12.3 years
CEO Bio

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 Corporation since September 2007 and serves as its Chief Executive Officer. He has been an Acting Chief Financial Officer of Paylocity Holding Corporation since June 6, 2017. He served as the President at Paylocity Holding Corporation. He was employed at Paychex, Inc., from September 2002 to August 2007 and served as Vice President of Product Management and as a Corporate Officer. He joined Paylocity in September 2007 and served as its Corporate Officer. He served as Director of Product Management for Paychex in 2003 following Paychex's acquisition of Advantage Payroll Services, Inc. in September 2002. He served as a Vice President of Payroll Operations for Advantage Payroll Services, from August 2001 to September 2002. He served as President of Payroll Central, Inc., from May 1999 to August 2001. Prior to joining Payroll Central, he spent three years in operations management with ADP Canada from May 1995 to May 1998. He has over 15 years of experience in management positions in payroll services companies. He has been a Director at Paylocity Corporation and Paylocity Holding Corporation since 2007. Mr. Beauchamp holds a Master's of Business Administration from Queen's University in Kingston, Ontario, Canada and a Bachelor's degree in Business Administration from Wilfrid Laurier University in Waterloo, Ontario, Canada.

CEO Compensation
  • Steve's compensation has been consistent with company performance over the past year.
  • Steve's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Paylocity Holding management team in years:

1.6
Average Tenure
46
Average Age
  • The average tenure for the Paylocity Holding management team is less than 2 years, this suggests a new team.
Management Team

Steve Sarowitz

TITLE
Chairman of the Board
COMPENSATION
$197K
AGE
52

Steve Beauchamp

TITLE
CEO & Director
COMPENSATION
$6M
AGE
46
TENURE
12.3 yrs

Michael Haske

TITLE
President & COO
COMPENSATION
$3M
AGE
46
TENURE
1.7 yrs

Toby Williams

TITLE
Chief Financial Officer
COMPENSATION
$4M
AGE
45
TENURE
1.6 yrs

Ted Gaty

TITLE
Senior Vice President of Product & Technology
COMPENSATION
$2M
AGE
45

Mark Kinsey

TITLE
Senior Vice President of Operations
COMPENSATION
$2M
AGE
48
TENURE
3.9 yrs

Andy Cappotelli

TITLE
Chief Accounting Officer
AGE
47
TENURE
0.8 yrs

Bradley Schaufenbuel

TITLE
Chief Information Security Officer
AGE
45
TENURE
1.6 yrs

Ryan Glenn

TITLE
Vice President of FP&A and Investor Relations

Chris Moriarty

TITLE
Vice President of Tax & Compliance
Board of Directors Tenure

Average tenure and age of the Paylocity Holding board of directors in years:

4.6
Average Tenure
52
Average Age
  • The tenure for the Paylocity Holding board of directors is about average.
Board of Directors

Steve Sarowitz

TITLE
Chairman of the Board
COMPENSATION
$197K
AGE
52
TENURE
22.3 yrs

Steve Beauchamp

TITLE
CEO & Director
COMPENSATION
$6M
AGE
46
TENURE
12.3 yrs

Jeff Diehl

TITLE
Director
COMPENSATION
$217K
AGE
48
TENURE
10.9 yrs

Ronald Waters

TITLE
Lead Independent Director
COMPENSATION
$243K
AGE
66
TENURE
2.8 yrs

Ellen Carnahan

TITLE
Director
COMPENSATION
$214K
AGE
62
TENURE
2.4 yrs

Andres Reiner

TITLE
Director
COMPENSATION
$209K
AGE
47
TENURE
4.6 yrs

Ginnie Breen

TITLE
Independent Director
AGE
54
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
26. Feb 19 Sell Adams Street Partners, LLC Company 25. Feb 19 25. Feb 19 -500,000 $86.50 $-43,250,000
26. Feb 19 Sell Adams Street Partners, LLC Company 22. Feb 19 22. Feb 19 -58,700 $89.56 $-5,257,172
20. Aug 18 Sell Adams Street Partners, LLC Company 16. Aug 18 16. Aug 18 -750,000 $65.75 $-49,312,500
15. Aug 18 Sell Julian Grace Foundation, Endowment Arm Company 13. Aug 18 14. Aug 18 -34,751 $67.38 $-2,287,041
18. Jun 18 Sell Adams Street Partners, LLC Company 14. Jun 18 14. Jun 18 -250,000 $61.50 $-15,375,000
X
Management checks
We assess Paylocity Holding's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Paylocity Holding has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PCTY News

Simply Wall St News

Has Paylocity Holding Corporation (NASDAQ:PCTY) Got Enough Cash?

Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like Paylocity Holding Corporation (NASDAQ:PCTY), with a market cap of US$4.6b, are often out of the spotlight. … This article will examine PCTY’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … View our latest analysis for Paylocity Holding

Simply Wall St -

Is It Too Late To Buy Paylocity Holding Corporation (NASDAQ:PCTY) At Its March Price?

Paylocity Holding Corporation (NASDAQ:PCTY) closed yesterday at $83.295, which left some investors asking whether the high earnings potential can still be justified at this price. … View our latest analysis for Paylocity Holding? … Paylocity Holding is poised for significantly high earnings growth in the near future

Simply Wall St -

Is Paylocity Holding Corporation's (NASDAQ:PCTY) CEO Pay Justified?

Steve Beauchamp became the CEO of Paylocity Holding Corporation (NASDAQ:PCTY) in 2007. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Steve Beauchamp's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Are Insiders Buying Paylocity Holding Corporation (NASDAQ:PCTY) Stock?

We often see insiders buying up shares in companies that perform well over the long term. … So we'll take a look at whether insiders have been buying or selling shares in Paylocity Holding Corporation (NASDAQ:PCTY). … The Last 12 Months Of Insider Transactions At Paylocity Holding

Simply Wall St -

Can Paylocity Holding Corporation (NASDAQ:PCTY) Maintain Its Strong Returns?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … That means that for every $1 worth of shareholders' equity, it generated $0.21 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

An Examination Of Paylocity Holding Corporation (NASDAQ:PCTY)

Paylocity Holding Corporation (NASDAQ:PCTY) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … Below, I've touched on some key aspects you should know on a high level

Simply Wall St -

Stocks Take A Hit: How Will Paylocity Holding Corporation (NASDAQ:PCTY) Fare?

This is the best time to buy stocks like Paylocity Holding Corporation at a discount. … View our latest analysis for Paylocity Holding. … Paylocity Holding Corporation provides cloud-based payroll and human capital management software solutions for medium-sized organizations in the United States

Simply Wall St -

Why Paylocity Holding Corporation (NASDAQ:PCTY) Is A Financially Healthy Company

Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as Paylocity Holding Corporation (NASDAQ:PCTY), with a market capitalization of US$3.3b, rarely draw their attention from the investing community. … Today we will look at PCTY’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Don’t forget that this is a general and concentrated examination of Paylocity Holding's financial health, so you should conduct further analysis.

Simply Wall St -

Paylocity Holding Corporation (NASDAQ:PCTY): Is Growth Priced In?

Paylocity Holding Corporation (NASDAQ:PCTY) closed yesterday at $64.01, which left some investors asking whether the high earnings potential can still be justified at this price. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … The excitement around Paylocity Holding's growth potential is not unfounded

Simply Wall St -

What Does Paylocity Holding Corporation's (NASDAQ:PCTY) P/E Ratio Tell You?

We'll look at Paylocity Holding Corporation's (NASDAQ:PCTY) P/E ratio and reflect on what it tells us about the company's share price. … Based on the last twelve months, Paylocity Holding's P/E ratio is 67.6. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

PCTY Company Info

Description

Paylocity Holding Corporation provides cloud-based payroll and human capital management software solutions for medium-sized organizations in the United States. The company offers Paylocity Web Pay for enterprise-grade payroll processing and administration; Paylocity Web HR for employee record management, HR compliance and reporting, HR insight and analytics, and self-service portals; Talent Management for employee performance appraisal process and performance review; Paylocity Web Time, a time and attendance solution; and Paylocity Web Expense, an expense management tool designed to streamline and automate the expense management process. It also provides Paylocity Web Benefits and Paylocity Enterprise Benefits, which are benefit management solutions that integrate with insurance carrier systems to provide automated administrative processes and allow users to choose benefit elections and make life event changes online, summarize benefit elections, and perform other benefit-related tasks, as well as enable premium reconciliation, management of voluntary benefits, and reporting. 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.

Details
Name: Paylocity Holding Corporation
PCTY
Exchange: NasdaqGS
Founded: 1997
$4,713,222,775
52,915,940
Website: http://www.paylocity.com
Address: Paylocity Holding Corporation
1400 American Lane,
Schaumburg,
Illinois, 60173,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS PCTY Common Stock Nasdaq Global Select US USD 19. Mar 2014
DB 0P7 Common Stock Deutsche Boerse AG DE EUR 19. Mar 2014
Number of employees
Current staff
Staff numbers
2,600
Paylocity Holding employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 00:29
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/16
Last earnings filing: 2019/02/07
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.