Paylocity Holding
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
1 Year Returns
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.
PCTY Value
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Paylocity Holding.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Paylocity Holding's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Software industry average (and greater than 0)? (1 check) 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
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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Paylocity Holding's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Paylocity Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Paylocity Holding's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Paylocity Holding Company Filings, last reported 3 months ago.
| 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.
Financial health checks
We assess Paylocity Holding's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Paylocity Holding has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
$2,000 of
Paylocity Holding
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- 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.
| 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.
| 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.
Income/ dividend checks
We assess Paylocity Holding's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The average tenure for the Paylocity Holding management team is less than 2 years, this suggests a new team.
Management Team
Steve Sarowitz
Chairman of the Board
$197K
52
Steve Beauchamp
CEO & Director
$6M
46
12.3 yrs
Michael Haske
President & COO
$3M
46
1.7 yrs
Toby Williams
Chief Financial Officer
$4M
45
1.6 yrs
Ted Gaty
Senior Vice President of Product & Technology
$2M
45
Mark Kinsey
Senior Vice President of Operations
$2M
48
3.9 yrs
Andy Cappotelli
Chief Accounting Officer
47
0.8 yrs
Bradley Schaufenbuel
Chief Information Security Officer
45
1.6 yrs
Ryan Glenn
Vice President of FP&A and Investor Relations
Chris Moriarty
Vice President of Tax & Compliance
Board of Directors Tenure
Average tenure and age of the Paylocity Holding board of directors in years:
- The tenure for the Paylocity Holding board of directors is about average.
Board of Directors
Steve Sarowitz
Chairman of the Board
$197K
52
22.3 yrs
Steve Beauchamp
CEO & Director
$6M
46
12.3 yrs
Jeff Diehl
Director
$217K
48
10.9 yrs
Ronald Waters
Lead Independent Director
$243K
66
2.8 yrs
Ellen Carnahan
Director
$214K
62
2.4 yrs
Andres Reiner
Director
$209K
47
4.6 yrs
Ginnie Breen
Independent Director
54
0.6 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | 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 | ||
Management checks
We assess Paylocity Holding's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleIs 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 - – Full articleIs 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 - – Full articleAre 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 - – Full articleCan 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 - – Full articleAn 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 - – Full articleStocks 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 - – Full articleWhy 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 - – Full articlePaylocity 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 - – Full articleWhat 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 - – Full articlePCTY 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
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.
