Paylocity Holding Corp
PCTY: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| S&^ | LOCK|cg | LOCK|@Mz$%FV@ |
Paylocity Earnings: Early Stages of Airbase Acquisition Appear Positive but Growth Continues to Slow
Paylocity reported first-quarter revenue of $408 million, representing 12.5% year-over-year growth and adjusted EBITDA margins of almost 36%, a 40-basis-point improvement compared with the same period one year ago. Both metrics were slightly above management's previous guidance.
