Paylocity Holding
Market Cap
US$11.1b
Last Updated
2021/08/03 23:25 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. More Details
Rewards
Risk Analysis
No risks detected for PCTY from our risk checks.
Snowflake Analysis
Flawless balance sheet with high growth potential.
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: PCTY's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
2.9%
PCTY
-0.5%
US Software
-0.4%
US Market
1 Year Return
51.9%
PCTY
33.6%
US Software
34.4%
US Market
Return vs Industry: PCTY exceeded the US Software industry which returned 38.6% over the past year.
Return vs Market: PCTY exceeded the US Market which returned 35.9% over the past year.
Shareholder returns
| PCTY | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.9% | -0.5% | -0.4% |
| 30 Day | 4.3% | 2.1% | -0.4% |
| 90 Day | 17.9% | 15.4% | 4.0% |
| 1 Year | 51.9%51.9% | 34.3%33.6% | 36.5%34.4% |
| 3 Year | 216.5%216.5% | 143.7%137.1% | 62.0%51.9% |
| 5 Year | 338.8%338.8% | 353.0%329.5% | 121.8%97.2% |
Long-Term 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
2 weeks ago | Simply Wall St
How Many Paylocity Holding Corporation (NASDAQ:PCTY) Shares Have Insiders Sold, In The Last Year?2 months ago | Simply Wall St
Paylocity Holding's (NASDAQ:PCTY) Sluggish Earnings Might Be Just The Beginning Of Its Problems2 months ago | Simply Wall St
I Built A List Of Growing Companies And Paylocity Holding (NASDAQ:PCTY) Made The CutValuation
Is Paylocity Holding undervalued compared to its fair value and its price relative to the market?
172.34x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PCTY ($203.56) is trading above our estimate of fair value ($113.67)
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 (172.4x) compared to the US Software industry average (50.5x).
PE vs Market: PCTY is poor value based on its PE Ratio (172.4x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: PCTY is poor value based on its PEG Ratio (5.7x)
Price to Book Ratio
PB vs Industry: PCTY is overvalued based on its PB Ratio (24.4x) compared to the US Software industry average (6.7x).
Future Growth
How is Paylocity Holding forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
30.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PCTY's forecast earnings growth (30.5% per year) is above the savings rate (2%).
Earnings vs Market: PCTY's earnings (30.5% per year) are forecast to grow faster than the US market (15% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PCTY's revenue (18.9% per year) is forecast to grow faster than the US market (9.2% per year).
High Growth Revenue: PCTY's revenue (18.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PCTY's Return on Equity is forecast to be high in 3 years time (24.7%)
Past Performance
How has Paylocity Holding performed over the past 5 years?
47.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PCTY has high quality earnings.
Growing Profit Margin: PCTY's current net profit margins (10.7%) are lower than last year (12.7%).
Past Earnings Growth Analysis
Earnings Trend: PCTY has become profitable over the past 5 years, growing earnings by 47.2% per year.
Accelerating Growth: PCTY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PCTY had negative earnings growth (-8.4%) over the past year, making it difficult to compare to the Software industry average (34.7%).
Return on Equity
High ROE: PCTY's Return on Equity (14.1%) is considered low.
Financial Health
How is Paylocity Holding's financial position?
Financial Position Analysis
Short Term Liabilities: PCTY's short term assets ($2.3B) exceed its short term liabilities ($2.1B).
Long Term Liabilities: PCTY's short term assets ($2.3B) exceed its long term liabilities ($70.6M).
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
Dividend
What is Paylocity Holding 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?
3.8yrs
Average management tenure
CEO
Steve Beauchamp (49 yo)
14.58yrs
Tenure
US$9,104,808
Compensation
Mr. Steven R. Beauchamp, also known as Steve, serves as the Chief Executive Officer of Paylocity Holding Corporation. Mr. Beauchamp has been the President and Chief Operating Officer at Paylocity Corporati...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD9.10M) is about average for companies of similar size in the US market ($USD11.19M).
Compensation vs Earnings: Steve's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
Experienced Management: PCTY's management team is considered experienced (3.8 years average tenure).
Board Members
Experienced Board: PCTY's board of directors are considered experienced (5.1 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$11.084b
- Shares outstanding: 54.48m
- Website: https://www.paylocity.com
Number of Employees
Location
- Paylocity Holding Corporation
- 1400 American Lane
- Schaumburg
- Illinois
- 60173
- United States
Listings
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 enable...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/08/03 23:25 |
| End of Day Share Price | 2021/08/03 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/06/30 |
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.