Paylocity Holding Company Receives Average Rating of “Moderate Buy” from Analysts

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Paylocity Holding ($NASDAQ:PCTY) Company is a provider of cloud-based human capital management software solutions for medium-sized organizations. The company offers a suite of applications, including payroll and benefits, talent management, and workforce management. Paylocity Holding Company has received an average recommendation of “Moderate Buy” from analysts. The company’s shares have earned an average rating from the thirteen research firms that are presently covering the company. Paylocity’s cloud-based human capital management software solutions are designed to meet the needs of medium-sized organizations.

The company’s suite of applications includes payroll and benefits, talent management, and workforce management. Paylocity Holding Company is committed to providing its customers with innovative, cloud-based human capital management solutions. The company’s suite of applications is designed to meet the needs of medium-sized organizations. Paylocity’s solutions are backed by a team of dedicated professionals who are committed to providing outstanding customer service.

Stock Price

On Tuesday, shares of Paylocity Holding Company opened at $235.3 and closed at $224.9, down 3.0% from the prior closing price of $231.8. The company offers a suite of integrated services, including payroll processing, human capital management, time and labor management, benefits administration, and talent management.

VI Analysis

As a company, Paylocity Holdings has strong long-term potential reflected in its fundamentals. The company is classified as a “gorilla” based on its stable and high revenue or earnings growth. Gorillas are companies with a strong competitive advantage. Paylocity Holdings is strong in growth, profitability, and medium in asset. The company is weak in dividend.

However, the company has a high health score of 8/10 considering its cash flows and debt. The company is capable of paying off debt and funding future operations. Investors interested in such companies would be growth investors. They would be looking for companies that can generate high returns through growth.

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

When considering investing in Paylocity Holding Company, it is important to take into account the company’s recent performance and analysts’ ratings. The company’s stock price has moved down in the past, but it has received an average rating of “Moderate Buy” from analysts. This means that analysts believe that the company is a good investment opportunity. However, it is always important to do your own research before investing in any company.