PAYLOCITY HOLDING Reports Fourth Quarter Financials for FY 2023
August 9, 2023
🌥️Earnings Overview
On June 30, 2023, PAYLOCITY HOLDING ($NASDAQ:PCTY) reported a financial revenue of USD 308.4 million for the fourth quarter of fiscal year 2023, showing a 34.7% increase from the corresponding quarter of the preceding year. Net income for the quarter was USD 37.2 million, representing a 145.9% surge from the year prior.
Stock Price
On Thursday, PAYLOCITY HOLDING reported their financials for the fourth quarter of FY 2023. The stock opened at $212.7 and closed at an unchanged price of $212.7, down by 0.1% from the previous day’s closing price of 212.9. Overall, this quarter marked a positive result for PAYLOCITY HOLDING, with improved earnings and growth in revenue.
Investors have responded positively to the news, as the stock remained relatively stable after the announcement. The company remains optimistic about their future prospects and is eager to continue to expand its business in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Paylocity Holding. More…
| Total Revenues | Net Income | Net Margin |
| 1.17k | 140.82 | 12.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Paylocity Holding. More…
| Operations | Investing | Financing |
| 282.72 | -220.16 | -1.43k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Paylocity Holding. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.7k | 2.85k | 15.07 |
Key Ratios Snapshot
Some of the financial key ratios for Paylocity Holding are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 27.9% | 32.8% | 13.2% |
| FCF Margin | ROE | ROA |
| 18.4% | 12.0% | 2.6% |
Analysis
At GoodWhale, we recently conducted an analysis of PAYLOCITY HOLDING‘s wellbeing. After a rigorous evaluation, our results determined that PAYLOCITY HOLDING is a medium risk investment with strong financial and business aspects. However, we did detect three risk warnings in particular, which could be a cause of concern for potential investors. The warning signs were found in the company’s income sheet, cashflow statement, and non-financial aspects. If you are interested in learning more about PAYLOCITY HOLDING’s risk warnings, be sure to become a registered user with GoodWhale to gain access to our full assessment. We are confident that our analysis can provide an invaluable resource when it comes to making informed investment decisions. More…
Peers
Paylocity Holding Corp is a company that provides cloud-based software solutions for payroll and human capital management. The company competes with other companies in the same industry, such as Paycom Software Inc, Xero Ltd, and Paycor HCM Inc.
– Paycom Software Inc ($NYSE:PAYC)
Paycom Software Inc is a publicly traded company with a market cap of 17.93B as of 2022. The company has a Return on Equity of 19.62%. Paycom Software Inc is a provider of cloud-based human capital management software. The company’s software is used by businesses to manage payroll, benefits, and human resources.
– Xero Ltd ($ASX:XRO)
As of 2022, Xero Ltd has a market cap of 10.98B and a Return on Equity of 2.38%. The company provides an online accounting software for small businesses and their advisors. The software is designed to save businesses time and money by automating tasks such as bookkeeping, invoicing, and tax preparation.
– Paycor HCM Inc ($NASDAQ:PYCR)
Paycor HCM Inc is a provider of human capital management solutions. The company has a market cap of 4.91B as of 2022 and a Return on Equity of -6.69%. Paycor HCM Inc provides solutions for payroll, benefits, talent, and time and labor management. The company offers its solutions to businesses of all sizes in the United States.
Summary
Paylocity Holding reported strong financial results for the fourth quarter of FY2023. Total revenues for the quarter increased by 34.7%, amounting to 308.4 million USD, and net income more than doubled compared to the same period in the prior year, reaching 37.2 million USD. Analysts view these results as very positive, indicating that Paylocity Holding is performing well and is on a trajectory for continued success. The company’s strong financial performance is expected to attract more investors and further increase the company’s value in the market.
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