AlphaCrest Capital Management LLC Cashes Out of Paylocity Holding Co. After 3 Years of Investment in 2023.
March 18, 2023
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In 2023, AlphaCrest Capital Management LLC cashed out of their investment in Paylocity Holding ($NASDAQ:PCTY) Co with a significant return on their investment. This news has been well-received by investors, who view this as yet another sign that Paylocity Holding Co is a sound investment choice.
Price History
Media sentiment towards the company is mostly positive at the time of writing. On Monday, PAYLOCITY HOLDING stock opened at $172.7 and closed at $176.2, up by 1.0% from last closing price of 174.5. This marks a 3-year high for the company, which suggests that AlphaCrest Capital Management LLC’s decision to cash out is likely a wise one. The long-term outlook for Paylocity Holding Co. remains positive, as the company continues to make strides in the payroll services and human capital management industry. 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 |
| 1k | 95.94 | 9.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Paylocity Holding. More…
| Operations | Investing | Financing |
| 206.95 | -393.62 | 1.08k |
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 |
| 3.94k | 3.26k | 12.15 |
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 |
| 24.5% | 16.7% | 9.1% |
| FCF Margin | ROE | ROA |
| 15.6% | 8.9% | 1.5% |
Analysis
GoodWhale provides an in-depth financial analysis of PAYLOCITY HOLDING, including a Risk Rating to help investors make informed decisions. After running a series of tests and calculations, we have determined that the company is a medium risk investment in terms of financial and business aspects. For those who are registered users, GoodWhale has detected three risk warnings in the income sheet, cashflow statement, and non-financial indicators. We suggest that investors take the time to review and evaluate these potential risks before making any decisions. GoodWhale is dedicated to helping investors make informed decisions. We strive to provide the best analysis so that investors can make the best decisions when it comes to their investments. If you are considering investing in PAYLOCITY HOLDING, we suggest taking a look at our analysis and risk ratings. 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
Over the past three years, AlphaCrest Capital Management LLC has invested heavily in PAYC, and recently cashed out of its position. At the time of writing, media sentiment towards the company is mostly positive. Analysts attribute PAYC’s success to their focus on providing a comprehensive HR and payroll management software for businesses of all sizes. Their software has seen solid user growth, as well as excellent customer retention, enabling them to maintain their market leadership position.
Recent news about PAYC’s plans for expansion and product innovation have further bolstered investors’ confidence in the company and its future prospects. With a strong market position and an impressive earnings track record, Paylocity Holding Co is an attractive option for investors looking for a long-term investment opportunity.
