Asure Software IncAsure was the weakest performer, with a significant miss on billings estimates and the weakest guidance update in the group.
Paylocity reported Q2 revenues of $444.7 million, up 11% year on year and 3.1% above analysts' consensus estimates, as the four HR software stocks tracked by the report beat revenue expectations by 1.7% as a group while next quarter's revenue guidance came in line. Paylocity posted the highest guidance raise but the weakest full-year guidance update in the group, and its stock is flat since reporting at $142.09. Paycom delivered the best quarter of the cohort with revenues of $531.2 million, up 9.8% year on year and 3.5% ahead of expectations, alongside the biggest analyst estimate beat and highest full-year guidance raise among peers, sending its stock up 25.5% to $219.31. Asure Software was the weakest performer, reporting revenues of $37.11 million, up 23.2% year on year and in line with expectations, but posting a significant miss on billings estimates and the weakest guidance update in the group, with its stock flat at $8.36. Paychex reported revenues of $1.61 billion, up 12.5% year on year, meeting expectations, and its stock is up 17.1% since reporting at $114.79. HR software stocks have risen 10.4% on average since the latest earnings results.
Asure Software IncAsure was the weakest performer, with a significant miss on billings estimates and the weakest guidance update in the group.
Paycom Software, Inc.Paycom delivered the best quarter of the cohort with the biggest analyst estimate beat and highest full-year guidance raise among peers.
Paychex IncPaychex reported revenues up 12.5% year on year, meeting expectations, with its stock up 17.1% since reporting.
Paylocity Holding CorporationPaylocity's Q2 revenue rose 11% to $444.7 million, beating consensus estimates, though it posted the weakest full-year guidance update in the group.