Paylocity Holding is a cloud-based provider of human capital management (HCM) and payroll software solutions that deliver a platform for the workforce. Co.'s product suite includes the following categories: Payroll, which includes payroll and tax services, global payroll, expense management, on demand payment, and garnishments; Human Resources (HR), which includes HR, employee self-service, workflows and documents, compliance dashboard, and HR Edge; Time and Labor, which includes time and attendance, scheduling, and time collection; Talent, which includes recruiting, onboarding, learning, performance and compensation management; benefits and among other. We show 41 historical shares outstanding datapoints in our PCTY shares outstanding history coverage, used to compute PCTY market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PCTY market cap history over the course of time is important for investors
interested in comparing PCTY's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of PCTY versus a peer is one thing; comparing
PCTY market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like PCTY can fluctuate over the course of history.
With this page we aim to empower investors researching PCTY by allowing them to research the PCTY market cap history. |
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Video: The Importance of Market Cap
