Steven I Sarowitz Sells 75000 Shares of Paylocity Holding for $13,066,502
May 27, 2023
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Paylocity Holding ($NASDAQ:PCTY) is a NASDAQ-listed company that provides cloud-based payroll and human capital management solutions for businesses of all sizes. On May 23, 2023, Steven I Sarowitz, a 10% Owner and Director of Paylocity Holding, sold 75,000 shares of the company for a total of $13,066,502. This transaction was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission. The sale of his shares was likely driven by a desire to capitalize on the stock’s current high valuation.
This event suggests that Sarowitz is confident in the company’s long-term prospects and plans to remain invested in it. Overall, Steven I Sarowitz’s sale of 75,000 Paylocity Holding shares for $13,066,502 highlights the continued success of the company and its stock. With its multitude of cloud-based solutions, Paylocity Holding remains a top provider of payroll and HCM services across the United States and Europe.
Price History
The stock opened at $172.1 and closed at $172.6, an increase of 0.8% from its last closing price of $171.3. Analysts were generally positive on the company’s performance and outlook going forward. 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
As GoodWhale, we performed an analysis of PAYLOCITY HOLDING‘s wellbeing. The Star Chart classification of PAYLOCITY HOLDING as ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage, gives us insight into the type of investors that may be interested in such a company. From our analysis of PAYLOCITY HOLDING, we have found that it has a high health score of 8/10 considering its cashflows and debt, which indicates that it is capable of sustaining future operations in times of crisis. Furthermore, PAYLOCITY HOLDING is strong in growth, profitability, and medium in assets, while weak in dividends. This combination of strengths and weaknesses suggests that it is an attractive investment for those looking for high growth opportunities. 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 an attractive investment opportunity. This indicates that the company may be heading into a period of decline in terms of stock performance, making it a riskier investment. Investors should be aware that despite this activity, Paylocity Holding may still be a promising option due to their consistent revenue growth and strong management team. Overall, it is a stock worth considering for those looking to diversify their portfolio.
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