Paylocity (PCTY) Stock Insights

PCTY price $168.50 -1.57 -0.92%

Ticker
PCTY
Price
$168.50
Change
-1.57 -0.92%
Market cap ?
$8.79B
P/E ?
35.36
Forward P/E ?
19.05
Dividend yield ?
0.00%
Beta ?
0.45
Sector
Technology
Industry
Software - Application
Stocklytics score
59
Value
50
Quality
73
Growth
53

Stocklytics score rationale: value 50, quality 73, growth 53.

Financials

2017201820192020202120222023202420252026
3000100003775270004676330005613290006356270008526510001174598000140251500015952210001771326000

Paylocity Holding Corporation delivers a comprehensive suite of cloud-native software solutions, primarily focusing on human capital management (HCM) and payroll processing for businesses and their workforces throughout the United States. At its core, the company offers a robust Payroll and Tax Services solution, designed to simplify operations, automate administrative tasks, and ensure adherence to regulatory…

Fair value

PCTY fair value $234.87. Price $168.50. Price is 28% below fair value.

Below fair value, and cheaper than usual. A larger discount than on 64% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 448.00M. Growth 10.11%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 52.17M. Net debt -148.47M. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare PCTY

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2026-11-05—1.93—443.12M
2026-08-041.841.62444.73M431.46M
2026-05-072.892.43502.29M489.91M
2026-02-051.851.57416.13M408.59M
2025-11-041.751.57408.17M400.46M
2025-08-051.561.38400.74M388.44M
2025-05-012.432.09454.55M441.97M
2025-02-061.521.42376.98M367.10M
2024-10-301.661.41362.96M358.34M
2024-08-011.481.29357.29M350.29M
2024-05-022.211.94401.28M397.23M
2024-02-081.491.28326.36M324.58M
2023-11-021.401.14317.59M316.43M
2023-08-031.321.15308.45M301.59M
2023-05-041.741.53339.86M333.16M
2023-02-021.120.73273.01M259.68M
2022-11-030.980.65253.28M239.83M
2022-08-040.800.54228.95M217.96M
2022-05-051.220.91245.97M241.65M
2022-02-030.640.40196.04M188.63M
2021-11-040.590.38181.70M173.89M
2021-08-050.460.30167.45M167.45M
2021-05-060.880.67186.05M185.28M
2021-02-040.390.25146.33M143.45M
2020-11-050.380.15135.79M53.60M
2020-08-060.320.13130.59M53.05M
2020-05-070.830.70171.65M144.76M
2020-02-040.360.29132.37M106.63M
2019-10-300.360.27126.72M95.04M
2019-08-080.340.25120.37M88.51M
2019-05-020.600.59139.55M137.23M
2019-02-060.230.22107.20M102.54M
2018-11-010.200.20100.50M100.50M
2018-08-090.110.1296.62M105.38M
2018-05-030.520.47113.41M107.50M
2018-02-080.160.1286.00M64.50M
2017-11-020.150.1181.50M59.77M
2017-08-100.090.0176.06M8.46M
2017-05-040.400.2390.27M87.43M
2017-02-020.100.0268.65M20.61M

Dividends

Yield 0.00%. Payout ratio 0.00%. Frequency —.

Safety score 37/100 · Watch. Payout ratio is 0% of earnings. Free-cash-flow coverage is not available, so this part stays neutral. No dividend history was found. There is no dividend yield.

Ex-dateDividendRecordPaymentFrequency
No data yet.

Insider trades

DateInsiderActionSharesPriceValue
2026-10-27Sarowitz Steven ISell4.50K$170.44766.98K
2026-10-27Sarowitz Steven ISell2.60K$171.69446.39K
2026-10-27Sarowitz Steven ISell1.20K$172.50207.00K
2026-10-27Sarowitz Steven ISell500$173.5486.77K
2026-10-27Sarowitz Steven ISell100$175.2217.52K
2026-10-26Sarowitz Steven ISell2.28K$174.90399.30K
2026-10-26Sarowitz Steven ISell5.12K$175.75899.31K
2026-10-26Sarowitz Steven ISell5.30K$176.50935.45K
2026-10-26Sarowitz Steven ISell1.00K$177.81177.81K
2026-10-23Sarowitz Steven ISell10.40K$176.781.84M
2026-10-23Sarowitz Steven ISell2.45K$177.27433.96K
2026-10-22Sarowitz Steven ISell8.08K$176.571.43M
2026-10-21Sarowitz Steven ISell552$169.0193.29K
2026-10-21Sarowitz Steven ISell2.73K$169.77463.13K
2026-10-21Sarowitz Steven ISell1.56K$170.94267.35K
2026-10-21Sarowitz Steven ISell900$171.48154.33K
2026-10-20Sarowitz Steven ISell1.59K$168.76268.16K
2026-10-20Sarowitz Steven ISell7.37K$169.791.25M
2026-10-20Sarowitz Steven ISell1.46K$170.48248.73K
2026-10-20Sarowitz Steven ISell200$171.3734.27K
2026-10-19Sarowitz Steven ISell4.57K$165.99758.57K
2026-10-19Sarowitz Steven ISell5.88K$166.47978.01K
2026-10-16Sarowitz Steven ISell1.87K$165.34308.86K
2026-10-16Sarowitz Steven ISell3.13K$166.20520.54K
2026-10-16Sarowitz Steven ISell397$167.5666.52K
2026-10-16Sarowitz Steven ISell103$168.5817.36K
2026-10-15Beauchamp Steven RSell600$161.3896.83K
2026-10-15Beauchamp Steven RSell600$162.8497.70K
2026-10-15Beauchamp Steven RSell1.40K$164.27229.98K
2026-10-15Beauchamp Steven RSell5.60K$165.22925.23K
2026-10-15Beauchamp Steven RSell6.80K$165.961.13M
2026-10-15Sarowitz Steven ISell11.60K$165.591.92M
2026-10-15Sarowitz Steven ISell6.09K$166.211.01M
2026-10-01King Melissa AnnSell489$142.5769.72K
2026-09-15Beauchamp Steven RSell1.64K$145.96239.52K
2026-09-15Beauchamp Steven RSell8.46K$147.011.24M
2026-09-15Beauchamp Steven RSell4.80K$147.86709.58K
2026-09-15Beauchamp Steven RSell100$148.5614.86K
2026-09-04Cappotelli AndrewSell69$152.3710.51K
2026-09-01Cappotelli AndrewSell58$160.229.29K
2026-08-28Sarowitz Steven ISell1.21K$158.12191.33K
2026-08-28Sarowitz Steven ISell3.88K$158.69616.51K
2026-08-28Sarowitz Steven ISell5$159.36797
2026-08-27Conway CraigSell3.15K$156.80493.14K
2026-08-27Robinson Kenneth B.Sell800$158.41126.73K
2026-08-27Sarowitz Steven ISell825$155.53128.31K
2026-08-27Sarowitz Steven ISell1.98K$156.57310.17K
2026-08-27Sarowitz Steven ISell6.69K$157.641.05M
2026-08-27Sarowitz Steven ISell9.96K$158.311.58M
2026-08-24Sarowitz Steven ISell441$155.0068.36K
2026-08-20Sarowitz Steven ISell1.40K$150.63210.73K
2026-08-20Sarowitz Steven ISell635$151.4496.16K
2026-08-20Sarowitz Steven ISell2.51K$152.81384.01K
2026-08-20Sarowitz Steven ISell2.09K$153.42320.95K
2026-08-20Sarowitz Steven ISell21$154.133.24K
2026-08-19Sarowitz Steven ISell8.53K$150.201.28M
2026-08-19Sarowitz Steven ISell8$151.061.21K
2026-08-19Scutt JoshuaSell100$147.6014.76K
2026-08-19Scutt JoshuaSell1.33K$149.22198.01K
2026-08-19Scutt JoshuaSell2.80K$150.02420.51K
2026-08-19Scutt JoshuaSell500$150.7175.36K
2026-08-19Glenn RyanSell3.35K$149.75500.91K
2026-08-19Cappotelli AndrewSell145$147.6021.40K
2026-08-19Cappotelli AndrewSell1.36K$149.58203.13K
2026-08-19Cappotelli AndrewSell802$150.30120.54K
2026-08-19Cappotelli AndrewSell245$150.9936.99K
2026-08-18Rost NicholasSell520$148.0376.98K
2026-08-17Rost NicholasSell314$148.2846.56K
2026-08-17Cappotelli AndrewSell2.06K$148.28305.90K
2026-08-17King Melissa AnnSell1.54K$148.28227.91K
2026-08-17Scutt JoshuaSell3.78K$148.28560.50K
2026-08-17Glenn RyanSell6.01K$148.28890.72K
2026-08-17Beauchamp Steven RSell4.09K$148.28606.17K
2026-08-17Williams Toby J.Sell20.46K$148.283.03M
2026-08-14Reiner AndresBuy2.21K——
2026-08-14Conway CraigBuy2.21K——
2026-08-14Robinson Kenneth B.Buy2.21K——
2026-08-14Glenn RyanBuy11.89K——
2026-08-14Glenn RyanBuy7.04K——
2026-08-14Glenn RyanBuy45.59K——
2026-08-14Glenn RyanBuy6.51K——
2026-08-14King Melissa AnnBuy5.37K——
2026-08-14King Melissa AnnBuy4.70K——
2026-08-14King Melissa AnnBuy24.42K——
2026-08-14King Melissa AnnBuy3.49K——
2026-08-14Breard Linda M.Buy2.21K——
2026-08-14Williams Toby J.Buy43.04K——
2026-08-14Williams Toby J.Sell900$147.08132.37K
2026-08-14Williams Toby J.Sell9.70K$148.531.44M
2026-08-14Williams Toby J.Sell1.30K$149.24194.16K
2026-08-14Williams Toby J.Sell100$150.7615.08K
2026-08-14Williams Toby J.Buy44.38K——
2026-08-14Williams Toby J.Buy74.29K——
2026-08-14Williams Toby J.Buy25.26K——
2026-08-14Breen Virginia GBuy2.21K——
2026-08-14Scutt JoshuaBuy6.94K——
2026-08-14Scutt JoshuaBuy4.70K——
2026-08-14Scutt JoshuaBuy29.25K——
2026-08-14Scutt JoshuaBuy4.18K——
2026-08-14Rost NicholasBuy7.98K——

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 478, holders +16 vs prior quarter. Ownership 86.17%.

HolderSharesChangeChange %Value
BLACKROCK, INC.4.12M-271.16K-6.18%430.31M
T. ROWE PRICE INVESTMENT MANAGEMENT, INC.3.11M-934.66K-23.13%324.62M
AQR CAPITAL MANAGEMENT LLC2.35M1.22M+107.20%245.96M
VANGUARD PORTFOLIO MANAGEMENT LLC2.19M7.60K+0.35%228.57M
VANGUARD CAPITAL MANAGEMENT LLC1.95M-7.94K-0.41%203.40M
CITADEL ADVISORS LLC1.50M-226.74K-13.14%156.68M
MORGAN STANLEY1.43M88.30K+6.61%148.96M
STATE STREET CORP1.40M56.77K+4.24%146.02M
UBS GROUP AG1.30M858.19K+195.55%135.58M
GEODE CAPITAL MANAGEMENT, LLC1.28M-12.89K-1.00%133.60M
TWO SIGMA INVESTMENTS, LP1.14M5.82K+0.51%119.01M
QUANTINNO CAPITAL MANAGEMENT LP1.06M553.09K+109.98%110.38M
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP930.46K696.95K+298.47%97.26M
POINT72 ASSET MANAGEMENT, L.P.904.67K-203.74K-18.38%94.57M
BNP PARIBAS FINANCIAL MARKETS843.51K178.24K+26.79%88.17M
PRICE T ROWE ASSOCIATES INC /MD/798.04K155.85K+24.27%83.42M
MILLENNIUM MANAGEMENT LLC743.85K693.35K+1372.96%77.75M
JPMORGAN CHASE & CO681.42K-223.56K-24.70%72.24M
D. E. SHAW & CO., INC.688.90K-32.83K-4.55%72.01M
JUPITER TOPCO LLC674.75K674.75KNew70.54M
AMUNDI663.45K57.29K+9.45%69.35M
DIMENSIONAL FUND ADVISORS LP640.44K40.24K+6.70%66.95M
VAN BERKOM & ASSOCIATES INC.565.82K-50.59K-8.21%59.15M
QUBE RESEARCH & TECHNOLOGIES LTD561.38K231.13K+69.99%58.68M
DEUTSCHE BANK AG\525.27K157.48K+42.82%54.91M

Insights

Revenue by product
PeriodValue
FY2019Nonrecurring Fees: 133000.0, Recurring Fees: 43181000.0
FY2020Nonrecurring Fees: 19945000.0, Recurring Fees: 526267000.0
FY2021Nonrecurring Fees: 22067000.0, Recurring Fees: 609658000.0
FY2022Nonrecurring Fees: 29557000.0, Recurring Fees: 818137000.0
FY2023Nonrecurring Fees: 41228000.0, Recurring Fees: 1056808000.0
FY2024Nonrecurring Fees: 54530000.0, Recurring Fees: 1227150000.0
FY2025Nonrecurring Fees: 61905000.0, Recurring Fees: 1409896000.0
FY2026Nonrecurring Fees: 63854000.0, Recurring Fees: 1587508000.0

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Paylocity (PCTY) Stock Insights

PCTY$168.50-1.57 -0.92%

$8.79B

Market Cap

35.36

P/E

19.05

Forward P/E

59

Score

Price History