PCTY Stock Recent News
PCTY LATEST HEADLINES
Staffing stocks like PCTY, PEGA, and UPWK are gaining traction as AI, flexibility and skills-based hiring reshape the job market.
PCTY operates a SaaS subscription model, charging clients a transparent per-employee-per-month rate for payroll and HR services. The business model aligns revenue growth with clients' expanding workforces, creating a scalable and recurring revenue stream. 90% of revenue is recurring, providing strong visibility into future cash flows and financial stability.
The heavy selling pressure might have exhausted for Paylocity (PCTY) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Driving the stock market's uptick on Friday, U.S. employers added 139,000 jobs, which came in above most economists' expectations of 125,000-130,000.
PCTY's strong Q3, expanding AI-powered tools and a steady client base present a compelling entry point in the stock for investors.
CYBR, KGC, NWG, RYAAY, and PCTY ride strong momentum into June after markets posted their best monthly gains since November 2023.
The Zacks Internet software industry participants like ANET, MNDY and PCTY are benefiting from high demand for SaaS due to the increasing need for hybrid work, learning and diagnosis software, as well as cybersecurity applications.
Buy TNET, UPWK, and PCTY as they capitalize on the evolving staffing industry trends and drive growth in the flexible workforce market.
PCTY's fiscal third-quarter results reflect strong top and bottom-line growth. A raised guidance boosts optimism.
Paylocity Holding Corporation (NASDAQ:PCTY ) Q3 2025 Earnings Conference Call May 1, 2025 5:30 PM ET Company Participants Ryan Glenn - CFO Steve Beauchamp - Executive Chairman Toby Williams - President and CEO Conference Call Participants Scott Berg - Needham & Company Brad Reback - Stifel Brian Peterson - Raymond James Samad Samana - Jefferies Mark Marcon - Robert W. Baird Daniel Jester - BMO Capital Markets Jared Levine - TD Cowen Sheldon McMeans - Barclays Austin Cole - Citizens Bobby Dee - Truist Kevin McVeigh - UBS George Kurosawa - Citi Jake Roberge - William Blair Jason Celino - KeyBanc Capital Markets Allan Verkhovski - Scotiabank Zachary Gunn - FT Partners Operator Hello, and welcome to Paylocity Holding Corporation Third Quarter Fiscal Year 2025 Earnings Conference Call.