Reflecting On HR Software Stocks' Q2 Earnings: Paylocity (NASDAQ:PCTY) [Yahoo! Finance]
Paylocity Holding Corporation (PCTY)
Last paylocity holding corporation earnings: 2/4 04:05 pm
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US:NASDAQ Investor Relations:
investors.paylocity.com/investor-relations
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Source: Yahoo! Finance
Modern HR software has two powerful benefits: cost savings and ease of use. For cost savings, businesses large and small much prefer the flexibility of cloud-based, web-browser-delivered software paid for on a subscription basis rather than the hassle and complexity of purchasing and managing on-premise enterprise software. On the usability side, the consumerization of business software creates seamless experiences whereby multiple standalone processes like payroll processing and compliance are aggregated into a single, easy-to-use platform. The 6 HR software stocks we track reported a slower Q2. As a group, revenues beat analysts' consensus estimates by 0.7% while next quarter's revenue guidance was 2.1% below. Inflation progressed towards the Fed's 2% goal recently, leading the central bank to reduce its policy rate by 50bps (half a percent or 0.5%) in September 2024. This is the first cut in four years. While CPI (inflation) readings have been supportive as of late, employment
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PCTY
News
- Is There An Opportunity With Paylocity Holding Corporation's (NASDAQ:PCTY) 32% Undervaluation? [Yahoo! Finance]Yahoo! Finance
- Why Y Combinator companies are flocking to banking and HR startup Every [TechCrunch]TechCrunch
- Finally, a bunch of SMB-focused fintechs get investor love while M&A activity heats up [TechCrunch]TechCrunch
- Startups have to be clever when fighting larger rivals [Yahoo! Finance]Yahoo! Finance
- Startups have to be clever when fighting larger rivals [TechCrunch]TechCrunch
PCTY
Earnings
- 8/1/24 - Beat
PCTY
Sec Filings
- 9/19/24 - Form 4
- 9/17/24 - Form 144
- 9/16/24 - Form 8-K
- PCTY's page on the SEC website