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Paylocity Holding Corp PCTY Stock Quote

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Morningstar‘s Stock Analysis PCTY

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Paylocity Enjoys Strong Momentum and Reinvests for Growth in Fiscal Q1 2023; Maintaining $200 FVE

Emma Williams Equity Analyst

Analyst Note

| Emma Williams |

Narrow-moat Paylocity delivered a solid result to start fiscal 2023 despite continuing macroeconomic headwinds. The first quarter featured robust revenue growth of 39% year on year, driven by a combination of strong sales and a further skew upmarket. However, operating margin declined roughly 330 basis points year on year to about 3% because of higher investment in sales, marketing, and product innovation to support growth, partly offset by greater contribution from ultra-high margin interest income revenue.

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Key Statistics PCTY

Company Profile PCTY

Business Description

Paylocity is a provider of payroll and human capital management, or HCM, solutions servicing small- to midsize clients in the United States. The company was founded in 1997 and targets businesses with 10 to 5,000 employees and services about 33,300 clients as of fiscal 2022. Alongside core payroll services, Paylocity offers HCM solutions such as time and attendance and recruiting software, as well workplace collaboration and communication tools.

1400 American Lane
Schaumburg, IL, 60173
Industry Software - Application
Employees 5,300

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FAQs for Paylocity Holding Corp Stock

No. PCTY does not currently have a forward dividend yield.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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PCTY’s market cap is 11.02 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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PCTY’s stock style is Mid Growth.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

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PCTY’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare PCTY’s historical performance against its industry peers and the overall market.