Latest news with #Paylocity
Yahoo
24-06-2025
- Business
- Yahoo
2 Software Stocks with Competitive Advantages and 1 to Ignore
Software is rapidly reducing operating expenses for businesses. In the past, the undeniable tailwinds fueling SaaS companies led to lofty valuation multiples that made it easier to raise capital. But this was a double-edged sword as the high prices exposed them to big drawdowns, and unfortunately, the industry has tumbled by 6.9% over the last six months. This drop was disappointing since the S&P 500 held steady. Investors should tread carefully as only some businesses are worthy of their valuations, and luckily for you, we started StockStory to help you find them. On that note, here are two software stocks we think can generate sustainable market-beating returns and one best left ignored. Market Cap: $9.82 billion Founded by payroll software veteran Steve Sarowitz in 1997, Paylocity (NASDAQ:PCTY) is a provider of payroll and HR software for small and medium-sized enterprises. Why Are We Hesitant About PCTY? Estimated sales growth of 8.3% for the next 12 months implies demand will slow from its three-year trend Gross margin of 68.8% is below its competitors, leaving less money to invest in areas like marketing and R&D Paylocity's stock price of $175.26 implies a valuation ratio of 6x forward price-to-sales. If you're considering PCTY for your portfolio, see our FREE research report to learn more. Market Cap: $50.6 billion Founded by Australian co-CEOs Mike Cannon-Brookes and Scott Farquhar in 2002, Atlassian (NASDAQ:TEAM) provides software as a service that makes it easier for large teams of software developers to manage projects, especially in software development. Why Will TEAM Beat the Market? Average billings growth of 14.7% over the last year enhances its liquidity and shows there is steady demand for its products Software platform has product-market fit given the rapid recovery of its customer acquisition costs Strong free cash flow margin of 29.6% enables it to reinvest or return capital consistently Atlassian is trading at $196.31 per share, or 8.6x forward price-to-sales. Is now the right time to buy? Find out in our full research report, it's free. Market Cap: $45.8 billion Built on top of Salesforce as one of the first vertical-focused cloud platforms, Veeva (NYSE:VEEV) provides data and customer relationship management (CRM) software for organizations in the life sciences industry. Why Is VEEV Interesting? Billings have averaged 14.6% growth over the last year, showing it's securing new contracts that could potentially increase in value over time Highly efficient business model is illustrated by its impressive 27% operating margin, and its rise over the last year was fueled by some leverage on its fixed costs Impressive free cash flow profitability enables the company to fund new investments or reward investors with share buybacks/dividends At $280.30 per share, Veeva Systems trades at 14.6x forward price-to-sales. Is now the time to initiate a position? See for yourself in our in-depth research report, it's free. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-06-2025
- Business
- Yahoo
Firing on All Cylinders: Flywire (NASDAQ:FLYW) Q1 Earnings Lead the Way
As the Q1 earnings season comes to a close, it's time to take stock of this quarter's best and worst performers in the finance and HR software industry, including Flywire (NASDAQ:FLYW) and its peers. Organizations are constantly looking to improve organizational efficiencies, whether it is financial planning, tax management or payroll. Finance and HR software benefit from the SaaS-ification of businesses, large and small, who much prefer the flexibility of cloud-based, web-browser delivered software paid for on a subscription basis than the hassle and expense of purchasing and managing on-premise enterprise software. The 13 finance and HR software stocks we track reported a satisfactory Q1. As a group, revenues beat analysts' consensus estimates by 1.4% while next quarter's revenue guidance was 1.2% below. In light of this news, share prices of the companies have held steady as they are up 1.4% on average since the latest earnings results. Originally created to process international tuition payments for universities, Flywire (NASDAQ:FLYW) is a cross border payments processor and software platform focusing on complex, high-value transactions like education, healthcare and B2B payments. Flywire reported revenues of $133.5 million, up 17% year on year. This print exceeded analysts' expectations by 5%. Overall, it was a very strong quarter for the company with a solid beat of analysts' EBITDA estimates and revenue guidance for next quarter meeting analysts' expectations. "We are pleased with our 2025 first quarter results, as we signed more than 200 new clients, led by our Travel and Education verticals, and exceeded the high end of our FX Neutral Revenue Guidance, while expanding Adjusted EBITDA margins above our guidance mid-point," said Mike Massaro, CEO of Flywire. Flywire achieved the biggest analyst estimates beat of the whole group. The stock is up 8% since reporting and currently trades at $10.85. Is now the time to buy Flywire? Access our full analysis of the earnings results here, it's free. Founded by payroll software veteran Steve Sarowitz in 1997, Paylocity (NASDAQ:PCTY) is a provider of payroll and HR software for small and medium-sized enterprises. Paylocity reported revenues of $454.5 million, up 13.3% year on year, outperforming analysts' expectations by 2.9%. The business had a very strong quarter with an impressive beat of analysts' EBITDA estimates and full-year EBITDA guidance exceeding analysts' expectations. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 9% since reporting. It currently trades at $176.78. Is now the time to buy Paylocity? Access our full analysis of the earnings results here, it's free. Holding close ties to American Express, Global Business Travel (NYSE:GBTG) is a comprehensive travel and expense management services provider to corporations worldwide. Global Business Travel reported revenues of $621 million, up 1.8% year on year, falling short of analysts' expectations by 1.9%. It was a disappointing quarter as it posted full-year EBITDA guidance missing analysts' expectations. Global Business Travel delivered the weakest performance against analyst estimates and slowest revenue growth in the group. As expected, the stock is down 12.3% since the results and currently trades at $6.04. Read our full analysis of Global Business Travel's results here. Created from the merger of two small workforce management companies in 2007, Asure (NASDAQ:ASUR) provides cloud based payroll and HR software for small and medium-sized businesses (SMBs). Asure reported revenues of $34.85 million, up 10.1% year on year. This number topped analysts' expectations by 1.7%. More broadly, it was a satisfactory quarter as it also logged an impressive beat of analysts' EBITDA estimates. The stock is down 4.8% since reporting and currently trades at $9.30. Read our full, actionable report on Asure here, it's free. Created in 1983 when founder Scott Cook watched his wife struggle to reconcile the family's checkbook, Intuit provides tax and accounting software for small and medium-sized businesses. Intuit reported revenues of $7.75 billion, up 15.1% year on year. This result surpassed analysts' expectations by 2.6%. It was a very strong quarter as it also recorded full-year EPS guidance exceeding analysts' expectations and an impressive beat of analysts' EBITDA estimates. Intuit achieved the highest full-year guidance raise among its peers. The stock is up 14.6% since reporting and currently trades at $762.99. Read our full, actionable report on Intuit here, it's free. Thanks to the Fed's rate hikes in 2022 and 2023, inflation has been on a steady path downward, easing back toward that 2% sweet spot. Fortunately (miraculously to some), all this tightening didn't send the economy tumbling into a recession, so here we are, cautiously celebrating a soft landing. The cherry on top? Recent rate cuts (half a point in September 2024, a quarter in November) have propped up markets, especially after Trump's November win lit a fire under major indices and sent them to all-time highs. However, there's still plenty to ponder — tariffs, corporate tax cuts, and what 2025 might hold for the economy. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
Yahoo
07-06-2025
- Business
- Yahoo
Stocks to Watch as May's Jobs Report Beats Economists' Expectations: PCTY, MMS
The broader indexes saw a nice uptick on Friday as May's Jobs report came in better than expected, with the S&P 500 and Nasdaq rising over +1%. Driving the stock market's uptick, U.S. employers added 139,000 jobs, which came in above most economists' expectations of 125,000-130,000, while the unemployment rate remained steady at 4.2%. Also helping to appease tariff uncertainty was that wage growth outpaced inflation, with average hourly earnings rising 3.9% year over year compared to April's latest reading of a 2.3% inflationary uptick (Consumer Price Index). Notably, the next inflation report is set for Wednesday, June 11, when the Fed releases the latest CPI data. That said, here are a few stocks investors will want to consider following May's optimistic jobs report, with payroll stocks being of interest in particular. Image Source: Federal Reserve Economic Data Paylocity PCTY is a cloud-based payroll and human capital management (HCM) software solutions provider to keep an eye on. Notably, Paylocity has continued an impressive streak of surpassing earnings expectations, most recently beating EPS estimates for its fiscal third quarter by 16% in May. Paylocity has now exceeded the Zacks EPS Consensus for 26 consecutive quarters with an average EPS surprise of 15.4% over the last four quarters. Image Source: Zacks Investment Research Meanwhile, government health and human services program provider Maximus MMS is benefiting from a pleasant trend of rising EPS revisions and trades at a very reasonable 10.8X forward earnings multiple. Glamorizing Maximus' attractive P/E valuation, fiscal 2025 and FY26 EPS estimates have risen nearly 7% and 4% in the last 30 days, respectively, with the company blasting earnings expectations for its fiscal second quarter by 47% last month (Q2 EPS of $2.01 versus $1.37 Consensus). Image Source: Zacks Investment Research Other payroll stocks to consider include HCM software providers Dayforce DAY and Paychex PAYX, along with outsourcing company Barrett Business Services BBSI which all land a Zacks Rank #3 (Hold). Furthermore, certain medical and hospitality-related stocks are appealing as May's Jobs report showed job growth was strongest in the healthcare and leisure/hospitality sectors, which added 62,000 and 48,000 jobs, respectively. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Maximus, Inc. (MMS) : Free Stock Analysis Report Paylocity Holding Corporation (PCTY) : Free Stock Analysis Report Paychex, Inc. (PAYX) : Free Stock Analysis Report Barrett Business Services, Inc. (BBSI) : Free Stock Analysis Report Dayforce, Inc. (DAY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-06-2025
- Business
- Yahoo
HR Software Stocks Q1 Teardown: Paychex (NASDAQ:PAYX) Vs The Rest
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let's take a look at how hr software stocks fared in Q1, starting with Paychex (NASDAQ:PAYX). 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 5 HR software stocks we track reported a satisfactory Q1. As a group, revenues beat analysts' consensus estimates by 1.3% while next quarter's revenue guidance was 3.6% below. Thankfully, share prices of the companies have been resilient as they are up 5.2% on average since the latest earnings results. One of the oldest service providers in the industry, Paychex (NASDAQ:PAYX) offers its customers payroll and HR software solutions. Paychex reported revenues of $1.51 billion, up 4.8% year on year. This print was in line with analysts' expectations, but overall, it was a mixed quarter for the company with EBITDA in line with analysts' estimates. Paychex delivered the weakest performance against analyst estimates and slowest revenue growth of the whole group. Interestingly, the stock is up 11% since reporting and currently trades at $159.96. Is now the time to buy Paychex? Access our full analysis of the earnings results here, it's free. Founded by payroll software veteran Steve Sarowitz in 1997, Paylocity (NASDAQ:PCTY) is a provider of payroll and HR software for small and medium-sized enterprises. Paylocity reported revenues of $454.5 million, up 13.3% year on year, outperforming analysts' expectations by 2.9%. The business had a very strong quarter with a solid beat of analysts' EBITDA estimates. Paylocity delivered the biggest analyst estimates beat, fastest revenue growth, and highest full-year guidance raise among its peers. However, the results were likely priced into the stock as it's traded sideways since reporting. Shares currently sit at $193.72. Is now the time to buy Paylocity? Access our full analysis of the earnings results here, it's free. Founded in 1992 as Ceridian, an outsourced payroll processor and transformed after the 2012 acquisition of Dayforce, Dayforce (NYSE:DAY) is a provider of cloud based payroll and HR software targeted at mid-sized businesses. Dayforce reported revenues of $481.8 million, up 11.7% year on year, exceeding analysts' expectations by 1.1%. Still, it was a slower quarter as it posted revenue guidance for next quarter missing analysts' expectations. Dayforce delivered the weakest full-year guidance update in the group. Interestingly, the stock is up 1.7% since the results and currently trades at $59.20. Read our full analysis of Dayforce's results here. Created from the merger of two small workforce management companies in 2007, Asure (NASDAQ:ASUR) provides cloud based payroll and HR software for small and medium-sized businesses (SMBs). Asure reported revenues of $34.85 million, up 10.1% year on year. This number topped analysts' expectations by 1.7%. Zooming out, it was a satisfactory quarter as it also produced an impressive beat of analysts' EBITDA estimates. The stock is down 1.8% since reporting and currently trades at $9.59. Read our full, actionable report on Asure here, it's free. Founded in 1998 as one of the first online payroll companies, Paycom (NYSE:PAYC) provides software for small and medium-sized businesses (SMBs) to manage their payroll and HR needs in one place. Paycom reported revenues of $530.5 million, up 6.1% year on year. This print surpassed analysts' expectations by 0.9%. Overall, it was a very strong quarter as it also produced a solid beat of analysts' EBITDA estimates and full-year EBITDA guidance exceeding analysts' expectations. The stock is up 15.3% since reporting and currently trades at $263.57. Read our full, actionable report on Paycom here, it's free. In response to the Fed's rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed's 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump's presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025. Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
04-06-2025
- Business
- Associated Press
SwellSpace Joins Paylocity Marketplace to Elevate Benefits Communication for HR Teams
CHARLESTON, SC, UNITED STATES, June 4, 2025 / / -- SwellSpace, a provider of custom HR and employee benefits websites that give employees, dependents, and candidates access to HR and benefit information away from the office, is proud to announce it has joined the Paylocity Marketplace as a preferred technology provider. This partnership brings SwellSpace's intuitive and dynamic solutions to Paylocity's expansive network of workforce professionals, helping organizations streamline benefits communication, enhance engagement, and maximize program utilization. Paylocity, a leading provider of HR, payroll, and spend management software, enables companies to streamline workforce management and optimize HR functions. With the addition of SwellSpace to its Marketplace, Paylocity customers now have access to an innovative solution that transforms how benefits information is shared across their entire workforce ecosystem, making it more accessible, engaging, and impactful. 'HR teams today are tasked with delivering clear and compelling benefits information to employees while navigating an increasingly complex workforce landscape,' said Jessica Brewer, CEO and Cofounder at SwellSpace. 'By joining the Paylocity Marketplace, we're making it easier for HR teams to create a benefits experience that resonates with employees and supports engagement year-round, all without any additional support from IT.' SwellSpace allows HR teams to build visually compelling benefits websites that complement internal systems without requiring additional passwords or VPN access, so employees and their families can access vital benefits information anytime, anywhere. With SwellSpace, Paylocity customers can: • Enhance Employee Engagement: Create a modern benefits experience that educates and informs employees and their families. • Increase Benefits Utilization: Make benefits easier to understand and access, leading to higher participation rates. • Reduce HR Workload: Provide a centralized, self-service hub for employees, minimizing redundant questions and administrative burden. • Support Recruitment & Retention: Showcase comprehensive benefits packages to prospective hires, reinforcing an organization's commitment to employee well-being. With SwellSpace's integration into the Paylocity Marketplace, HR teams now have a powerful tool that streamlines benefits communication so employees fully understand and take advantage of the benefits available to them. For more information about SwellSpace and its benefits communication solution, visit To explore Paylocity's Marketplace and the range of solutions available, visit About SwellSpace SwellSpace delivers custom HR and employee benefits websites designed to help businesses of any size enhance HR and benefits communication. By providing an intuitive platform that eliminates the need for passwords or outdated intranet systems, SwellSpace ensures that employees, their dependents, and candidates have easy access to clear, engaging, and visually compelling benefits information. SwellSpace empowers organizations to improve benefits utilization, boost engagement, and enhance talent retention. Learn more at Jeff Oldham SwellSpace [email protected] Visit us on social media: LinkedIn YouTube Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
