Paylocity Holding Corporation engages in the provision of cloud-based human capital management, payroll software, and spend management solutions for workforce in the United States. The company offers payroll software solution for global payroll, expense and garnishment management, tax services, and on demand payment services; time and labor management software for time and attendance, scheduling, and time collection. It also provides human resources (HR) software solutions for employee self-service, compliance, HR edge, data analytics, and workflows and documents, and resource management system; talent management system for recruiting, onboarding, performance, compensation, and learning; and benefits administration software. In addition, it offers employee experience platform for community, employee voice, recognition and rewards, video, data insights, and modern workforce index; HR reporting software; and mobile HR solutions. Further, it provides financial services, such as expense management, corporate cards, AP automation, guided procurement, and headcount planning; accounting automation, spend analytics, fraud detection, policy compliance, and vendor management. Additionally, it offers information technology (IT) services comprising asset, access, and identity access management and aligning HR and IT. It also provides platforms for HR, finance, and IT. Further, it offers implementation and training; client; and tax and regulatory services. The company serves for-profit and non-profit organizations across industries, including business services, financial services, healthcare, manufacturing, restaurants, retail, technology, and others. It sells its products through sales representatives. The company was founded in 1997 and is headquartered in Schaumburg, Illinois.
Financial Prowess | Paylocity's robust financial performance, with 68.6% gross profit margin and 16% revenue growth, showcases its market strength and operational efficiency |
Innovate to Dominate | Explore Paylocity's strategic product innovations, including AI Assistant and Earned Wage Access, positioning the company at the forefront of HR technology |
Market Expansion | Delve into Paylocity's expanded $20 billion total addressable market, driven by strategic acquisitions and entry into new segments like spend management |
Future Trajectory | Analyst projections paint a promising future, with average price targets ranging from $231 to $270, reflecting confidence in Paylocity's growth potential |
Metrics to compare | PCTY | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipPCTYPeersSector | |
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P/E Ratio | 43.0x | 14.7x | 12.7x | |
PEG Ratio | 4.00 | 0.77 | 0.03 | |
Price/Book | 7.9x | 2.6x | 1.4x | |
Price / LTM Sales | 6.1x | 1.3x | 1.2x | |
Upside (Analyst Target) | 26.0% | 12.1% | 15.8% | |
Fair Value Upside | Unlock | 20.3% | 6.5% | Unlock |