Paylocity Holding Corporation is a provider of cloud-based human capital management (HCM) and payroll software solutions. Its HCM and payroll platform offers a product suite that helps businesses attract and retain talent, build culture and connection with their employees, and streamline and automate human resource (HR) and payroll processes. It provides its software-as-a-service solutions to clients across the U.S.. Its product suite includes various categories, such as payroll, human resources, time and labor, talent, benefits and employee experience. Its payroll product suite includes payroll and tax services, on demand payment and garnishments, and others. We show 48 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
