Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Paylocity (PCTY) , which belongs to the Zacks Internet - Software industry, could be a great candidate to consider. When looking at the last two reports, this provider of cloud-based payroll and human-resources software services has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 15.23%, on average, in the ...

Wall Street expects a year-over-year decline in earnings on higher revenues when Paylocity (PCTY) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 30. ...

Core Viewpoint - Paylocity is launching an AI Assistant to enhance HR processes and improve employee experience, aiming to counter a 17% stock decline over the past year [1] Group 1: AI Assistant Features - The AI Assistant provides personalized recommendations, sentiment analysis, and predictive workforce insights, simplifying HR tasks with real-time support for HR professionals and employees [2] - It offers product training, configuration guidance, and best practices for HR administrators, while enhancing self-service capabilities for employees with tailored prompts [3] Group 2: Early Adoption and Feedback - Early adopters, such as Barlean's HR director, report positive outcomes, noting that the AI Assistant streamlines HR processes and allows teams to focus on strategic initiatives [4] Group 3: Market Context and Competition - Paylocity operates in a competitive Human Capital Management software market, facing challenges from established players like ADP and Paychex, as well as comprehensive solutions from Workday and Oracle [8] - The company’s current valuation shows a forward 12-month P/S ratio of 6.01, significantly higher than the industry average of 2.79, raising concerns about long-term performance justification [9] Group 4: Future Outlook - The success of the AI Assistant will depend on user adoption, realized time and cost savings, and Paylocity's ability to maintain a competitive edge in AI technology [7] - Investors are closely monitoring whether the AI-driven strategy will lead to increased customer acquisition and improved financial performance [10]

SCHAUMBURG, Ill., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation (Nasdaq: PCTY), a leading provider of cloud-based HR, payroll, and spend management software solutions, today announced that it has scheduled a conference call to review its first quarter fiscal 2025 results for Wednesday, October 30th at 4:30 pm Central Time (5:30 pm Eastern Time). A live webcast of the call will be available on the "Investor Relations" page of the Company's website at https://investors.paylocity.com/. To acc ...

SCHAUMBURG, Ill., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Paylocity (NASDAQ: PCTY), a leader in cloud-based HR and payroll software solutions, announced today a new, multi-year corporate sponsorship with the National Hockey League's Dallas Stars. The new deal marks Paylocity's first official sponsorship with an NHL franchise. The Dallas Stars have been a long-standing Paylocity customer, relying on the company's modern and comprehensive suite of HR and payroll solutions since 2015. Throughout this time, Paylocity ...

SCHAUMBURG, Ill., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Paylocity (NASDAQ: PCTY), a leader in cloud-based HR and payroll software solutions, has completed its acquisition of Airbase Inc., a modern finance and spend management software solution that combines bill pay / accounts payable automation, expense management, corporate cards and procurement capabilities. The acquisition of Airbase represents an expansion of Paylocity's suite and is expected to deliver incremental integrated value to HR and finance leader ...

LAS VEGAS, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Paylocity (NASDAQ: PCTY), a leader in cloud-based HR and payroll software solutions, today announced Headcount Planning, a new offering that brings together Finance, HR, Talent Acquisition, and hiring managers to create a more cohesive, data-driven approach to workforce planning. This integrated solution builds on Paylocity's acquisition of Trace in December 2023 and leverages the Paylocity employee record as the single source of truth for company-wide headcount ...

Paylocity plans to create a consolidated platform for all business-related spend by acquiring Airbase. The planned acquisition will add Airbase's finance and spend management software solution to Paylocity's human resources (HR) and payroll software platform, Paylocity said in a Wednesday (Sept. 4) press release. Subject to customary closing conditions and regulatory approvals, the transaction is expected to close in the first or second quarter of fiscal 2025, according to the release. "Many companies use d ...

SCHAUMBURG, Ill., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Paylocity (NASDAQ: PCTY), a leader in cloud-based HR and payroll software solutions, today announced it has signed a definitive agreement to acquire Airbase Inc., a modern finance and spend management software solution that combines bill pay / accounts payable automation, expense management, corporate cards and procurement capabilities. The acquisition of Airbase represents an expansion of Paylocity's suite and will deliver incremental integrated value to ...

SCHAUMBURG, Ill., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Paylocity (NASDAQ:PCTY), a leader in cloud-based HR and payroll software solutions, introduces Benefits Decision Support, a new product to simplify benefits enrollment for HR teams by offering employees personalized benefits recommendations based on their individual health needs, financial considerations, and family dynamics. This new offering is part of Paylocity's comprehensive HCM platform for the modern workforce and is the latest of several product in ...