Paylocity Holding Stock Intrinsic Value – Assenagon Asset Management S.A. Boosts Holdings in Paylocity Holding Co.
July 5, 2023
☀️Trending News
Paylocity Holding ($NASDAQ:PCTY) Co. has recently experienced a welcome asset boost, courtesy of renowned institutional investor, Assenagon Asset Management S.A. By increasing its holdings in Paylocity Holding Co., Assenagon is demonstrating its confidence in the company’s future growth and success. Paylocity Holding Co. is a leading provider of cloud-based payroll and human capital management software solutions for medium-sized organizations. Paylocity helps employers save time on payroll processing, providing them with intuitive solutions that streamline complex HR processes.
In addition, its mobile-friendly platform allows for easy access to employee payroll data on the go. Finally, Paylocity’s integrated suite of services can help simplify the transition from traditional payroll processing to the cloud. Given its comprehensive suite of solutions, it’s no surprise that Assenagon Asset Management S.A. has chosen to invest in Paylocity Holding Co. With this increased institutional investment, Paylocity is sure to continue to be a leader in the cloud-based payroll and human capital space for years to come.
Stock Price
Assenagon Asset Management S.A. recently announced an increase in its position in Paylocity Holding Co. (PAYLOCITY). On Monday, PAYLOCITY stock opened at $184.6 and closed at $184.1, down by 0.3% from its last closing price of 184.5. It appears that Assenagon’s decision to increase their holdings in the company is a positive sign of confidence in Paylocity’s future performance.
The company’s share price has been steadily climbing over the past week, with a potential for further growth in the coming days. As investors continue to pay attention to the news surrounding Paylocity, investors may want to consider adding Paylocity to their portfolios. 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 |
| 1.1k | 118.71 | 10.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Paylocity Holding. More…
| Operations | Investing | Financing |
| 255.77 | -497.15 | -1.19k |
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 |
| 4.19k | 3.42k | 13.77 |
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 |
| 25.7% | 21.7% | 11.4% |
| FCF Margin | ROE | ROA |
| 18.7% | 10.8% | 1.9% |
Analysis – Paylocity Holding Stock Intrinsic Value
At GoodWhale, we conducted an analysis of PAYLOCITY HOLDING‘s wellbeing. Using our proprietary Valuation Line, we concluded that the intrinsic value of PAYLOCITY HOLDING share is around $283.5. This means that the current price of PAYLOCITY HOLDING stock, which is traded at $184.1, is undervalued by 35.1%. We believe PAYLOCITY HOLDING presents a great opportunity for investors to capitalize on this potential return of capital. More…
Peers
Paylocity Holding Corp is a company that provides cloud-based software solutions for payroll and human capital management. The company competes with other companies in the same industry, such as Paycom Software Inc, Xero Ltd, and Paycor HCM Inc.
– Paycom Software Inc ($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
Paylocity Holding Co. is a provider of cloud-based payroll and human capital management software solutions. Analysts have recently taken a greater interest in the stock, as Assenagon Asset Management S.A. has heavily increased its holdings in the company. As a result, investors should consider the potential that Paylocity could offer. This is due to the company’s strong market position and its potential to benefit from increased digitalization of payroll and human capital management services.
Analysts have suggested that the company’s financials are stable and that it has a strong competitive advantage, which should drive continued growth in revenue and earnings. Therefore, investors should consider investing in Paylocity as it may provide a good return on their investments.
