Baird Financial Group Purchases 389 Shares of Paylocity Holding Company

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Paylocity Holding Intrinsic Value – Paylocity Holding ($NASDAQ:PCTY) Company is a provider of cloud-based payroll and human capital management software solutions. The company serves businesses of all sizes in the United States.

The Baird Financial Group Inc. has purchased 389 shares of the Paylocity Holding Company. This purchase is an addition to the Group’s previous holdings.

Share Price

This news comes at a time when sentiment around the company is mostly positive. This indicates that Baird’s purchase had little impact on the stock price. Overall, this is good news for Paylocity.

Having a large financial institution invest in the company shows confidence in Paylocity’s future. This could lead to more investments from other institutions and help Paylocity continue to grow.

VI Analysis – Paylocity Holding Intrinsic Value Calculator

Paylocity Holding Corporation (NASDAQ: PCTY) is a provider of cloud-based human capital management (HCM) software solutions for medium-sized organizations. The company offers a comprehensive suite of HCM solutions, including payroll, benefits, time and attendance, talent management, and HR compliance and reporting. Paylocity’s solutions are designed to simplify and automate critical HR processes, freeing up HR professionals to focus on strategic initiatives that drive business results. The company’s cloud-based platform is scalable and flexible, allowing organizations to tailor the solutions to their specific needs. Paylocity is a publicly-traded company, with a market capitalization of over $4 billion. Analyzing the company’s fundamentals, Paylocity appears to be a strong long-term investment.

Looking at the company’s valuation, Paylocity appears to be a bit undervalued at its current price. Using a discounted cash flow model, the intrinsic value of the stock is around $247 per share. This indicates that the stock is currently trading at a discount of around 16%. Overall, Paylocity appears to be a strong long-term investment at its current price. The company has strong fundamentals and is trading at a slight discount to its intrinsic value.

VI 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

If you’re looking for a high-growth stock to add to your portfolio, Paylocity Holding Company (NASDAQ: PCTY) may be worth considering. The provider of cloud-based payroll and human capital management software solutions has seen its stock price skyrocket in recent years, and analysts believe there’s still plenty of room for growth. Paylocity has been benefiting from the shift among businesses of all sizes towards cloud-based solutions.

The company’s payroll and human capital management software helps businesses save time and money, and its products are highly rated by customers. If you’re looking for a high-growth stock to add to your portfolio, Paylocity Holding Company (NASDAQ: PCTY) may be worth considering.