Paylocity Holding Stock Intrinsic Value – Paylocity Holding Reports Fourth Quarter Earnings Results for 2023
August 28, 2023
🌥️Earnings Overview
On August 3, 2023, PAYLOCITY HOLDING ($NASDAQ:PCTY) reported its financial results for the fourth quarter that ended on June 30, 2023. The total revenue for the period was USD 308.4 million, representing a 34.7% increase from the same quarter the previous year. Net income was USD 37.2 million, signifying a 145.9% year-over-year increase.
Price History
The company’s revenue for the fourth quarter was up 3% year-over-year, which was primarily driven by higher subscription revenue, increased client adoption of key product offerings and improved customer retention. The company also saw a 4% year-over-year growth in professional services revenue, which was primarily driven by increased demand for consulting services. Overall, Paylocity Holding reported strong fourth quarter earnings results, with increased revenue and continued growth in customer adoption of key product offerings. With a solid financial position and a strong outlook for the future, Paylocity Holding remains well-positioned for continued success in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Paylocity Holding. More…
| Total Revenues | Net Income | Net Margin |
| 1.17k | 140.82 | 12.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Paylocity Holding. More…
| Operations | Investing | Financing |
| 282.72 | -220.16 | -1.43k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Paylocity Holding. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.7k | 2.85k | 15.07 |
Key Ratios Snapshot
Some of the financial key ratios for Paylocity Holding are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 27.9% | 32.8% | 13.2% |
| FCF Margin | ROE | ROA |
| 18.4% | 12.0% | 2.6% |
Analysis – Paylocity Holding Stock Intrinsic Value
After analyzing PAYLOCITY HOLDING‘s financials, GoodWhale has found an interesting investment opportunity. Our proprietary Valuation Line analysis indicates that the fair value of PAYLOCITY HOLDING share is around $298.9. However, the stock is currently trading at $212.7, which is lower than its fair value by 28.8%. This makes it an attractive undervalued stock. Moreover, GoodWhale believes that by buying PAYLOCITY HOLDING stock now, investors can benefit from a potential upside in the future. More…
Peers
Paylocity Holding Corp is a company that provides cloud-based software solutions for payroll and human capital management. The company competes with other companies in the same industry, such as Paycom Software Inc, Xero Ltd, and Paycor HCM Inc.
– Paycom Software Inc ($NYSE:PAYC)
Paycom Software Inc is a publicly traded company with a market cap of 17.93B as of 2022. The company has a Return on Equity of 19.62%. Paycom Software Inc is a provider of cloud-based human capital management software. The company’s software is used by businesses to manage payroll, benefits, and human resources.
– Xero Ltd ($ASX:XRO)
As of 2022, Xero Ltd has a market cap of 10.98B and a Return on Equity of 2.38%. The company provides an online accounting software for small businesses and their advisors. The software is designed to save businesses time and money by automating tasks such as bookkeeping, invoicing, and tax preparation.
– Paycor HCM Inc ($NASDAQ:PYCR)
Paycor HCM Inc is a provider of human capital management solutions. The company has a market cap of 4.91B as of 2022 and a Return on Equity of -6.69%. Paycor HCM Inc provides solutions for payroll, benefits, talent, and time and labor management. The company offers its solutions to businesses of all sizes in the United States.
Summary
Investors looking to invest in PAYLOCITY HOLDING have good news with the company’s fourth quarter earnings report for the period ending June 30, 2023. Total revenue increased 34.7%, a substantial growth from the previous year, and net income grew 145.9%. This solid financial performance signals strength and stability in the company and provides a positive outlook for potential investors. With the company’s strong financial performance, PAYLOCITY HOLDING looks to be a sound investment opportunity.
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