secwatch.observer — SEC 8-K summary
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Issuer:     Paylocity Holding Corp (PCTY)
CIK:        0001591698
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001591698-24-000149
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Paylocity Q4 total revenue $357.3M (+16% YoY); GAAP EPS $0.86; Beauchamp to Exec Chairman
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- Q4 total revenue $357.3M (+16% YoY); recurring revenue $324.7M (+15%); GAAP net income $48.8M ($0.86 EPS).
- FY2024 total revenue $1,402.5M (+19%); GAAP net income $206.8M (+47% YoY); Adjusted EBITDA $505.6M (+35%).
- Repurchased 1.1M shares for $150.0M in Q4; cash and equivalents $401.8M at year-end.
- Co-CEO Steve Beauchamp transitions to Executive Chairman; Toby Williams becomes sole CEO effective Aug 5, 2024.
- Client count grew 8% to 39,050; avg revenue per client up 8%; Learning Mgmt, Recognition, Employee Voice standout.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1591698/000159169824000149/0001591698-24-000149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1591698/000159169824000149/pcty-20240726.htm
  HTML page:      https://secwatch.observer/filing/0001591698-24-000149

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