Forsta AP Fonden Invests $2.05 Million in Paylocity Holding Co.
July 12, 2023
🌥️Trending News
Paylocity Holding ($NASDAQ:PCTY) Co. has recently received a significant investment from Forsta AP Fonden. According to Defense World, the Swedish pension fund holds a $2.05 million stake in the company. Paylocity Holding Co. is a cloud-based provider of payroll and human capital management (HCM) software solutions for medium-sized organizations. The company offers a comprehensive suite of products that support end-to-end payroll processing and HCM needs. Paylocity’s products enable customers to manage employee profiles, run payrolls, track time and attendance, analyze workforce data and more.
The company also provides a range of services such as employee onboarding, automated tax calculations, and compliance reporting. This investment from Forsta AP Fonden comes at an exciting time for Paylocity Holding Co. as the company continues to invest in its products and services to better serve its customers. With the additional funds, Paylocity Holding Co. will be able to expand its customer base and accelerate its growth in the payroll and HCM space.
Price History
This news sent Paylocity Holding Co.’s shares soaring as the stock opened at $186.8 and closed at $196.2, up 4.8% from its last closing price of 187.1. The investment is expected to further solidify Paylocity’s presence in the ever-evolving cloud based human capital management space. This marks the latest in a series of investments from Forsta AP Fonden, which recently invested in other high-growth tech companies. 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
At GoodWhale, we have conducted an analysis of PAYLOCITY HOLDING‘s wellbeing. Our Star Chart shows that the company is strong in growth and profitability, medium in asset and weak in dividend. We have assigned a high health score of 8/10 due to its strong cashflows and debt, which implies that the company is capable to pay off its debt and fund future operations. We classify PAYLOCITY HOLDING as a ‘gorilla’, meaning that it has achieved stable and high revenue or earning growth due to its strong competitive advantage. This makes the company attractive for investors looking for long-term growth opportunities. Investors who are interested in such companies should consider PAYLOCITY HOLDINGS as a potential investment. 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 cloud-based payroll and human resource software provider that has recently gained the attention of investors. Forsta AP Fonden has made a $2.05 million stake in the company, causing its stock price to move up the same day. Analysts are bullish on Paylocity Holding Co., citing its impressive growth in revenue and software solutions. The company is well positioned to take advantage of the shift to cloud-based payroll and HR software, continuing to outpace its competitors in the market.
Additionally, the company’s product portfolio is diversified, providing customers with innovative solutions to their payroll needs. Overall, Paylocity Holding Co. is an attractive option for investors looking for long-term growth from a quality company.
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