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 access the call by phone, please click this link, and you will be provided with dial in details. Paylocity is a leading provider of cloud-based HR and payroll software solutions headquartered in Schaumburg, IL. Founded in 1997 and publicly traded since 2014, Paylocity offers an intuitive, easy-to-use product suite that helps businesses tackle today's challenges while ...

What do the Analysts Think? Investors in Paylocity Holding Corporation (PCTY) need to pay close attention to the stock based on moves in the options market lately. That is because the Aug 16, 2024 $110.00 Call had some of the highest implied volatility of all equity options today. Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the othe ...

If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a comp ...

What: When: Where: Paylocity volunteers will gather at: SHRM 2024: Expo Floor, Booth 1802 McCormick Place 2301 S King Dr Chicago, 60616 Paylocity's Director of Diversity, Equity Inclusion, & Accessibility and Corporate Social Responsibility Aisha Thompkins and NAMI spokespeople will be on-site for interviews. Photo opportunities of volunteers preparing the kits will happen during the hours listed above. Headquartered in Schaumburg, IL, Paylocity (NASDAQ: PCTY) is an award-winning provider of cloud-based HR ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. What are the Zacks Style Scores? The Style Scores are broken down into four categories: Growth Score Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum ...

However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision. A downtrend has been apparent in Paylocity (PCTY) lately with too much selling pressure. The stock has declined 15.2% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. How to D ...

Analyze a company's revenues over a given period, subtract the production cost, and you have earnings. Irrespective of whether it is a start-up or a well-known company, earnings growth is the main priority for any organization. This is because it won't last long if the company doesn't make money. By the way, this is also considered the most critical variable influencing share price. But expectations of earnings play a noteworthy role. Earnings Estimates & Share Price Movements Frequently, we have seen a dec ...

x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ________________________________________________________________________ Form 10-Q ________________________________________________________________________ Securities registered pursuant to Section ...

Financial Data and Key Metrics Changes - Total revenue for Q3 was $401.3 million, an increase of 18.1% year-over-year, exceeding the high-end of guidance by $2.3 million [22][39] - Adjusted EBITDA was $167.9 million, representing a margin of 41.8%, which exceeded guidance by $12.9 million [25] - Adjusted gross profit margin was 75.9% for Q3, with a year-over-year increase in adjusted EBITDA margin of 340 basis points [25][26] - The average daily balance of client funds was $3 billion in Q3, with an estimated $2.8 billion for Q4 [9] Business Line Data and Key Metrics Changes - Recurring other revenues increased by 16.8% compared to the same period last year [22] - Sales and marketing expenses were 19.2% of revenue in Q3, while G&A costs were reduced to 8.5% of revenue from 10.4% year-over-year, indicating operational efficiency [24] Market Data and Key Metrics Changes - Channel referrals accounted for more than 25% of new business in Q3, indicating strong channel performance [2] - The company is focused on the needs of the modern workforce, particularly with Gen Z becoming the dominant generation in the workforce [4] Company Strategy and Development Direction - The company aims to achieve $2 billion in revenue as the next key milestone, while maintaining a focus on product development and innovation [28] - A $500 million share repurchase program has been authorized to manage dilution and drive shareholder value [8] - The company is committed to maintaining an adjusted gross margin target of 75% to 80% and a free cash flow margin target of 20% to 25% [29] Management's Comments on Operating Environment and Future Outlook - Management acknowledged elongated sales cycles at the high end of the market but expressed confidence in the sales team's performance and the overall demand environment [2][16] - There is an expectation of continued macroeconomic uncertainty impacting Q4, but management remains optimistic about long-term growth [10][66] Other Important Information - The company has made significant investments in R&D, with a year-over-year increase of 13.4% in total R&D investment [23] - The company was recognized as one of Forbes' best large employers for America in 2024, highlighting its strong corporate culture [20] Q&A Session Summary Question: Commentary on overall demand environment for net new sales - Management indicated that expectations were met, with strong channel contributions and top-of-funnel activity in line with expectations [16] Question: Long-term growth target clarity - Management clarified that the 20% long-term growth target may not be applicable in the near term, focusing instead on achieving the $2 billion revenue milestone [61][77] Question: Competitive dynamics and market share - Management noted that while they are seeing competition from both legacy players and cloud competitors, their win rates remain consistent [63] Question: Share repurchase program timing - The share repurchase program was deemed timely due to strong cash flow and favorable trading multiples [59] Question: Impact of AI on HR solutions - Management sees AI as a significant opportunity for enhancing their product offerings and improving customer service [85][106] Question: Guidance for Q4 and fiscal 2025 - Management expects some level of softness in Q4 but remains optimistic about the pipeline and productivity improvements for fiscal 2025 [66][100]

21 Positioned for Long-Term Growth & Margin Expansion • Creating the most modern HCM platform • Increasing average revenue per client • Growing client base • Strong client retention () paylocity Forward Together. Q3 Fiscal 2024 Investor Presentation This presentation is proprietary and is intended solely for the information of the persons to whom it is presented. It may not be retained, reproduced or distributed, in whole or in part, by any means (including electronic) without the prior written consent of P ...