PCTY Stock Recent News

SCHAUMBURG, Ill., Jan. 22, 2024 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation (Nasdaq: PCTY), a leading provider of cloud-based HR and payroll software solutions, today announced that it has scheduled a conference call to review its second quarter fiscal 2024 results for Thursday, February 8th at 4:30 pm Central Time (5:30 pm Eastern Time).

Paylocity, a cloud-based human resources and payroll software solutions company, acquired headcount planning firm Trace. The move will enable Paylocity to expand its platform and offer labor planning tools to model, forecast, implement and analyze headcount decisions, the company said in a Monday (Dec. 4) press release.

Paylocity (PCTY) acquires Trace to expand its platform, incorporating labor planning tools for modeling, forecasting, implementing and analyzing headcount decisions.

Paylocity appears undervalued using Cash Flow Returns On Investments based DCF tools. Given stronger growth and improving margins, the company deserves to be on higher valuation multiples compared to peers. We initiate Paylocity with a buy rating and FY24 warranted DCF value of $206.

Paylocity (PCTY) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Paylocity's (PCTY) Q1 earnings and revenues benefit from better sales execution and sustained investments in technological upgrades and product innovation.

Paylocity Holding Corporation (NASDAQ:PCTY ) Q1 2024 Earnings Conference Call November 2, 2023 5:30 PM ET Company Participants Ryan Glenn - Chief Financial Officer Steve Beauchamp - Co-Chief Executive Officer Toby Williams - Co-Chief Executive Officer Conference Call Participants Scott Berg - Needham & Co. Brian Peterson - Raymond James Brad Reback - Stifel Bryan Bergin - TD Cowen Jared Levine - TD Cowen Mark Marcon - Baird Sheldon McMeans - Barclays Jason Celino - KeyBanc Capital Markets Alex Zukin - Wolfe Research Daniel Jester - BMO Capital Markets Adam Bergere - Bank of America Robert Simmons - D.A. Davidson Terry Tillman - Truist Pat Walravens - JMP Securities Operator Good day and welcome to the Paylocity Holding Corporation First Quarter 2024 Fiscal Year Results Conference Call.

Paylocity (PCTY) came out with quarterly earnings of $1.40 per share, beating the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $0.98 per share a year ago.

Paylocity (PCTY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

SCHAUMBURG, Ill., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation (Nasdaq: PCTY ), a leading provider of cloud-based HR and payroll software solutions, today announced that it has scheduled a conference call to review its first quarter fiscal 2024 results for Thursday, November 2nd at 4:30 pm Central Time (5:30 pm Eastern Time).