Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Summary: Paylocity (PCTY) - Paylocity currently holds a Momentum Style Score of B, indicating a favorable momentum outlook [3] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [4] - Over the past week, PCTY shares increased by 2.91%, outperforming the Zacks Internet - Software industry, which rose by 2.3% [6] - In the last three months, PCTY shares have risen by 13.39%, and over the past year, they are up 29.19%, compared to the S&P 500's increases of 2.93% and 28.08%, respectively [7] - The average 20-day trading volume for PCTY is 311,620 shares, indicating a bullish trend when combined with rising stock prices [8] Earnings Outlook - In the past two months, two earnings estimates for PCTY have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $6.47 to $6.53 [10] - For the next fiscal year, one estimate has moved upwards with no downward revisions, indicating a positive earnings outlook [10] Conclusion - Considering the positive momentum indicators and earnings outlook, PCTY is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [12]

Company Overview - Paylocity Holding Corporation is a leading provider of cloud-based HR, payroll, and spend management software solutions headquartered in Schaumburg, IL [3] - Founded in 1997 and publicly traded since 2014, Paylocity offers an intuitive product suite designed to help businesses address contemporary challenges while preparing for future opportunities [3] - The company is recognized for its unique culture and has consistently been acknowledged as one of the best places to work [3] Upcoming Events - Paylocity has scheduled a conference call to review its second quarter fiscal 2025 results on February 6, 2025, at 4:30 pm Central Time (5:30 pm Eastern Time) [1] - A live webcast of the call will be available on the "Investor Relations" page of the company's website [2] - A press release highlighting the company's results will be issued prior to the conference call and will be accessible in the investor relations section of the website [2]

Paylocity (PCTY) , a leading cloud-based HR and payroll software solutions provider, has emerged as a compelling investment opportunity in 2025, with a 19.6% stock price appreciation over the past year. The company's strong market position, innovative AI initiatives and strategic expansion make it an attractive choice for investors looking for sustained growth in the HR technology sector.Robust Financial Performance and GrowthPaylocity has demonstrated impressive financial resilience, posting 14% year-over- ...

Paylocity Holding (PCTY) shares have risen 48.7% over the past six months compared with the Zacks Internet - Software industry and the Zacks Computer & Technology sector’s return of 14.4% and 7.4%, respectively.Over the same time frame, Paylocity Holding had outperformed shares of its competitors, including Paycom Software (PAYC) , Paychex (PAYX) and Workday (WDAY) . In the past six months, PAYC, PAYX and WDAY returned 46.1%, 11.4% and 22.1%, respectively.Its improved sales execution and continued investmen ...

Paylocity Holding (PCTY) shares have risen 27.5% on a year-to-date (YTD) basis compared with the Zacks Internet - Software industry and the Zacks Computer & Technology sector’s return of 32.6% and 27.6%, respectively.Over the same time frame, Paylocity Holding had outperformed shares of its competitors, including Paycom Software (PAYC) , Paychex (PAYX) and Workday (WDAY) . On a YTD basis, PAYC and PAYX returned 13.5% and 22%, respectively, while WDAY lost 3%.This outperformance stems from its enhanced sales ...

Paylocity Holding Corporation (PCTY) shares gained 3.6% to close at $184.57 following impressive first-quarter fiscal 2025 results.PCTY reported first-quarter fiscal 2025 non-GAAP earnings of $1.66 per share, beating the Zacks Consensus Estimate by 19.42%. The bottom line increased 18.6% year over year, driven by higher revenues and a rise in the operating income.PCTY’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 18.26%.Find the latest EPS est ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ________________________________________________________________________ Form 10-Q ________________________________________________________________________ x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2024 o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Com ...

Paylocity Holding Corporation (NASDAQ:PCTY) Q1 2025 Earnings Conference Call October 30, 2024 5:30 PM ET Company Participants Ryan Glenn - Chief Financial Officer Steve Beauchamp - Executive Chairman Toby Williams - President and Chief Executive Officer Conference Call Participants Scott Berg - Needham & Company Samad Samana - Jefferies Mark Marcon - Robert W. Baird Daniel Jester - BMO Capital Markets Jared Levine - TD Cowen Brian Peterson - Raymond James Terry Tillman - Truist Securities Sheldon McMeans - ...

Paylocity (PCTY) came out with quarterly earnings of $1.66 per share, beating the Zacks Consensus Estimate of $1.39 per share. This compares to earnings of $1.40 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 19.42%. A quarter ago, it was expected that this provider of cloud-based payroll and human-resources software services would post earnings of $1.27 per share when it actually produced earnings of $1.48, delivering a surp ...

Financial Performance - Q1 2025 total revenue reached $363.0 million, reflecting a 14% year-over-year increase[3] - Recurring and other revenue for Q1 2025 was $333.1 million, also up 14% year-over-year[3] - GAAP net income for Q1 2025 was $49.6 million, or $0.88 per share, compared to $34.5 million, or $0.61 per share in Q1 2024[4] - Adjusted EBITDA for Q1 2025 was $129.0 million, an increase from $104.9 million in Q1 2024[5] - Cash flow from operations for Q1 2025 was $91.5 million, up from $62.1 million in Q1 2024[7] - For Q2 2025, recurring and other revenue is expected to be between $337.5 million and $342.5 million, indicating approximately 14% growth[8] - Total revenue for Q2 2025 is projected to be between $364.0 million and $369.0 million, representing about 12% growth[8] - For the full fiscal year 2025, total revenue is expected to range from $1.535 billion to $1.550 billion, indicating approximately 10% growth[10] - Adjusted EBITDA for the full fiscal year 2025 is anticipated to be between $530.0 million and $540.0 million[10] Year-over-Year Comparisons - Total revenues increased from $317,586 thousand in September 2023 to $362,956 thousand in September 2024, representing a growth of 14.2%[18] - Net income rose from $34,517 thousand in September 2023 to $49,573 thousand in September 2024, an increase of 43.7%[18] - Operating income improved from $41,189 thousand in September 2023 to $64,144 thousand in September 2024, reflecting a growth of 55.7%[18] - Basic net income per share increased from $0.62 in September 2023 to $0.89 in September 2024, a growth of 43.5%[18] - Gross profit for September 2023 was $216,119, increasing to $247,996 for September 2024, representing a growth of approximately 14.7%[21] - Non-GAAP Operating income rose from $41,189 in September 2023 to $64,144 for September 2024, reflecting a growth of about 55.7%[22] - Net income increased from $34,517 in 2023 to $49,573 in 2024, marking a growth of approximately 43.6%[23] - Non-GAAP Net income per share improved from $1.40 in September 2023 to $1.66 for September 2024, an increase of about 18.6%[24] - Adjusted EBITDA grew from $104,886 in September 2023 to $129,026 for September 2024, indicating a growth of approximately 23.0%[25] Cash and Assets - Cash and cash equivalents increased from $401,811 thousand as of June 30, 2024, to $778,549 thousand as of September 30, 2024, a rise of 93.6%[17] - Total current assets before funds held for clients grew from $572,432 thousand to $955,862 thousand, an increase of 67.0%[17] - Funds held for clients decreased from $2,952,060 thousand to $2,340,411 thousand, a decline of 20.7%[17] - Total liabilities increased from $3,212,396 thousand to $2,918,869 thousand, a decrease of 9.1%[17] Operating Expenses - Total operating expenses rose from $174,930 thousand to $183,852 thousand, an increase of 5.5%[18] - Non-GAAP total research and development expenses increased from $47,706 in September 2023 to $52,038 for September 2024, a rise of about 9.8%[26] - Non-GAAP sales and marketing expenses rose from $70,532 in 2023 to $78,570 in 2024, reflecting an increase of approximately 11.4%[27] Cash Flow - Cash provided by operating activities increased from $62,142 thousand in 2023 to $91,455 thousand in 2024, a growth of 47.2%[20] - Free Cash Flow improved from $44,495 in September 2023 to $73,917 for September 2024, representing a growth of about 66.1%[29] - Free cash flow excluding interest income on funds held for clients increased from $18,594 in September 2023 to $44,066 for September 2024, a growth of approximately 137.5%[29] - The company reported a significant increase in net cash provided by operating activities, from $62,142 in September 2023 to $91,455 for September 2024, an increase of about 47.1%[29] Acquisition - The acquisition of Airbase was completed on October 1, 2024, expanding the company's addressable market[2]