Paylocity Holding Corporation engages in the provision of cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers payroll software solution for global payroll, expense management, tax services, on demand payment, and garnishment managed services; and 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, as well as human resource management system; talent management system for recruiting, onboarding, performance, compensation, and learning; and benefits administration software. In addition, the company offers employee experience platform for community, employee voice, recognition and rewards, video, and modern workforce index; HR reporting software; and mobile HR solutions. Further, it provides 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 | 42.9x | −0.3x | 11.9x | |
PEG Ratio | 2.55 | 0.00 | 0.03 | |
Price/Book | 8.1x | −0.1x | 1.4x | |
Price / LTM Sales | 6.3x | 0.7x | 1.2x | |
Upside (Analyst Target) | 27.3% | 13.3% | 19.9% | |
Fair Value Upside | Unlock | 20.0% | 8.7% | Unlock |