SG Americas Securities LLC Cuts Holdings in Paylocity Holding Co. by 44.1%
July 29, 2023
🌥️Trending News
Paylocity Holding ($NASDAQ:PCTY) Co. is a cloud-based provider of payroll and human capital management solutions to organizations of all sizes. Paylocity also provides comprehensive services such as time and attendance tracking, recruitment management, onboarding software, and analytics and insights. The decrease in ownership could indicate that SG Americas believes that Paylocity’s stock is overvalued or that the company no longer believes in the long-term prospects for the Paylocity business. It is yet to be seen whether other investors will follow suit and reduce their holdings in Paylocity’s stock.
Analysis
We have classified PAYLOCITY HOLDING as a ‘gorilla’, meaning that it has achieved stable and high revenue or earning growth due to its strong competitive advantage. Given the strong fundamentals of PAYLOCITY HOLDING, we believe that they could be of interest to investors who are looking for quality stocks with strong growth potential. The company has a high health score of 8/10 considering its cashflows and debt, which indicates that it is capable to sustain future operations in times of crisis. More…
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% |
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 technology company that provides cloud-based payroll and human capital management software solutions. This indicates a bearish outlook for the stock, as a large institutional investor is significantly cutting its exposure in the company. Investors should remain cautious and monitor Paylocity’s performance to assess future investment decisions.
Related Posts
Recent Posts
