Wrapping up Q4 earnings, we look at the numbers and key takeaways for the finance and hr software stocks, including Workiva (NYSE: WK) and its peers.

Organizations are constantly looking to improve organizational efficiencies, whether it is financial planning, tax management or payroll. Finance and HR software benefit from the SaaS-ification of businesses, large and small, who much prefer the flexibility of cloud-based, web-browser delivered software paid for on a subscription basis than the hassle and expense of purchasing and managing on-premise enterprise software.

The 11 finance and HR software stocks we track reported a strong Q4. As a group, revenues beat analysts’ consensus estimates by 1.9% while next quarter’s revenue guidance was in line.

In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.

Workiva (NYSE: WK)

Nicknamed "the Excel killer" by some finance professionals for its ability to eliminate spreadsheet chaos, Workiva (NYSE: WK) provides a cloud-based platform that enables organizations to streamline financial reporting, ESG, and compliance processes with connected data and automation.

Workiva reported revenues of $238.9 million, up 19.5% year on year. This print exceeded analysts’ expectations by 1.6%. Overall, it was a very strong quarter for the company with an impressive beat of analysts’ billings estimates and EPS guidance for next quarter exceeding analysts’ expectations.

Interestingly, the stock is up 3.7% since reporting and currently trades at $61.46.

Is now the time to buy Workiva? Access our full analysis of the earnings results here, it’s free.

Best Q4: Flywire (NASDAQ: FLYW)

Initially created to solve the challenges of international student tuition payments, Flywire (NASDAQ: FLYW) provides specialized payment processing and software solutions that help educational institutions, healthcare systems, travel companies, and businesses manage complex payments.

Flywire reported revenues of $152.7 million, up 35.4% year on year, outperforming analysts’ expectations by 5.9%. The business had an exceptional quarter with a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ revenue estimates.

Flywire scored the biggest analyst estimates beat and fastest revenue growth among its peers. The market seems happy with the results as the stock is up 9.2% since reporting. It currently trades at $12.28.

Is now the time to buy Flywire? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: Paycom (NYSE: PAYC)

Pioneering the concept of employees doing their own payroll with its "Beti" technology, Paycom (NYSE: PAYC) provides cloud-based human capital management software that helps businesses manage the entire employment lifecycle from recruitment to retirement.

Paycom reported revenues of $544.3 million, up 10.2% year on year, in line with analysts’ expectations. It was a slower quarter as it posted full-year revenue guidance missing analysts’ expectations significantly and full-year guidance of slowing revenue growth.

Interestingly, the stock is up 6% since the results and currently trades at $125.85.

Read our full analysis of Paycom’s results here.

Asure Software (NASDAQ: ASUR)

Operating in the often-overlooked smaller metropolitan markets where HR expertise can be scarce, Asure Software (NASDAQ: ASUR) provides cloud-based human capital management software and services that help small and medium-sized businesses manage payroll, taxes, time tracking, and HR compliance.

Asure Software reported revenues of $39.31 million, up 27.7% year on year. This result surpassed analysts’ expectations by 1.4%. It was a strong quarter as it also put up a solid beat of analysts’ billings estimates and an impressive beat of analysts’ EBITDA estimates.

Asure Software delivered the highest full-year guidance raise among its peers. The stock is up 17.5% since reporting and currently trades at $9.12.

Read our full, actionable report on Asure Software here, it’s free.

Paylocity (NASDAQ: PCTY)

Operating in a field where companies traditionally juggled multiple disconnected systems, Paylocity (NASDAQ: PCTY) provides cloud-based human capital management and payroll software solutions that help businesses manage their workforce and HR processes.

Paylocity reported revenues of $416.1 million, up 10.4% year on year. This number topped analysts’ expectations by 1.9%. Overall, it was a strong quarter as it also recorded a solid beat of analysts’ EBITDA estimates and full-year EBITDA guidance slightly topping analysts’ expectations.

The stock is down 16.2% since reporting and currently trades at $106.48.

Read our full, actionable report on Paylocity here, it’s free.

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