Sr Vice President Operations Katherine Ross Sells Shares of Paylocity Holding

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Katherine Ross, Senior Vice President of Operations at Paylocity Holding ($NASDAQ:PCTY), recently sold shares of the company’s stock. This is reported as an insider sell alert and is being closely monitored by the investing community. Paylocity Holding is a cloud-based payroll and human capital management software provider. It offers a range of services, including payroll, benefits, and talent management solutions.

Its stock has seen tremendous growth in recent years, making it an attractive investment opportunity for many investors. As news of the insider sell alert continues to spread, investors will be keeping a close eye on how this impacts future trading activity for Paylocity Holding.

Share Price

This sale comes at a time when the price of the stock is on the rise, opening at $165.9 and closing at $166.9, up 1.6% from its previous closing price of 164.2. This marks the first major sale of PAYLOCITY HOLDING stock by an executive in recent months. It is unclear whether this move was related to any change in strategy or outlook on the company’s performance. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Paylocity Holding. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Paylocity Holding. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Paylocity Holding. More…

Key Ratios Snapshot

Some of the financial key ratios for Paylocity Holding are shown below. More…

Analysis

GoodWhale has conducted an analysis of PAYLOCITY HOLDING‘s fundamentals. Our Star Chart evaluation of PAYLOCITY HOLDING has given the company a high health score of 8/10. This suggests that the company has a strong financial position with healthy cashflows and debt levels, making them capable to safely ride out any crisis without the risk of bankruptcy. In terms of growth, profitability, asset and dividend, PAYLOCITY HOLDING has been found to be strong in growth and profitability, medium in asset and weak in dividend. Furthermore, PAYLOCITY HOLDING is classified as a ‘gorilla’ type of company, a conclusion we have come to due to its stable and high revenue or earning growth as a result of its strong competitive advantage. Investors who are looking for such a company with stable income and long-term growth potential may be interested in PAYLOCITY HOLDING. 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 is a leading provider of cloud-based HR and payroll software solutions for midsize and large organizations. A recent insider sell alert reported that Katherine Ross, Senior Vice President of Operations, sold shares of Paylocity Holding. This has caused investors to take a closer look at the stock. Analysts suggest that Paylocity’s clients are transitioning to cloud-based solutions, which should continue to drive revenues and profitability.

Additionally, Paylocity’s subscription-based model has proved to be a great source of recurring revenue and the company has strong cash flows. Despite some concerns about reduced demand due to the pandemic, Paylocity’s long-term prospects are still seen as positive due to its high customer satisfaction ratings and high retention rates.