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LONDON, UK / ACCESSWIRE / August 21, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news-making the headlines for Paylocity Holding Corp. (NASDAQ: PCTY) ("Paylocity"), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=PCTY. The Company announced on August 17, 2017, the promotion of Michael Haske to the position of President and Chief Operating Officer (COO). For immediate access to our complimentary reports, including today's coverage, register for free now at:
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As the President and COO of Paylocity, Haske will be responsible for aligning go-to-market sales and marketing activities with the Company's operational teams who are focused on delivering an industry-leading implementation and service experience to its nearly 15,000 clients.
CEO Welcomes Michael Haske to New Leadership Position
Steve Beauchamp, Chief Executive Officer of Paylocity, welcomed Michael Haske to the new leadership position. He stated that over the past 10 years, Michael has built a world-class sales and marketing organization and has been a driving force behind Paylocity's growth story. Steve stated that he believes that as President and COO, Michael will leverage his more than 20 years of industry experience to help the Company continue to build strong teams across the company as Paylocity continues to grow.
"It's an honor to be named President and COO of Paylocity," said Michael Haske, "I am very proud of the strong culture we have created, and I look forward to working closely with our talented and dedicated employees as we build off of the success we've had in the past and enter into this next exciting chapter."
Michael Haske's Career Profile
Michael Haske joined Paylocity in 2007. As Senior Vice President of Sales and Marketing, Michael's primary responsibility included making Paylocity's cloud-based payroll and human capital management software available to companies all across the country, thereby making Paylocity a leading provider for payroll and HRIS for mid-market employers.
Michael joined Paylocity following a successful career in the payroll and HR industry. He served as Director of Marketing and Business Development for Paychex, managing a team of over 300 employees. In addition, Michael held the role of Regional Manager with Paychex Major Market Service's where he managed sales for the western half of the United States. Prior to Paychex, Michael held multiple roles with Automatic Data Processing (ADP) including District Manager & Corporate Sales Trainer.
Haske did his undergraduate work at the University of Michigan, where he earned his degree in Marketing and Finance.
Paylocity Announced Q4 2017 Results
On August 10, 2017, Paylocity announced the financial results for Q4 2017, which ended June 30, 2017. As on June 30, 2017, Paylocity's revenue increased 27% to $76.1 million on a y-o-y basis. During Q4 FY17, the Company's net income was $5.1 million. For the reported quarter, Paylocity's adjusted EPS was $11.5 million compared to $3.3 million in Q4 FY16.
About Paylocity Holding Corp.
Founded in 1997, Paylocity is a provider of cloud-based payroll and human capital management (HCM) software solutions in the United States. The Company's comprehensive and easy-to-use solutions enable its clients to manage their workforces more effectively. Paylocity is headquartered in Arlington Heights, Illinois.
Last Close Stock Review
On Friday, August 18, 2017, the stock closed the trading session at $45.05, marginally down 0.11% from its previous closing price of $45.10. A total volume of 270.79 thousand shares have exchanged hands, which was higher than the 3-month average volume of 269.46 thousand shares. Paylocity's stock price surged 2.55% in the last three months, 24.21% in the past six months, and 5.98% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have skyrocketed 50.12%. The stock is trading at a PE ratio of 385.04. At Friday's closing price, the stock's net capitalization stands at $2.33 billion.
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