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PCTY Overview

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Intellectia

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High
113.270
Open
110.560
VWAP
111.42
Vol
205.86K
Mkt Cap
5.91B
Low
110.270
Amount
22.94M
EV/EBITDA(TTM)
12.89
Total Shares
53.88M
EV
5.83B
EV/OCF(TTM)
12.25
P/S(TTM)
3.65
Paylocity Holding Corporation is a provider of cloud-based human capital management (HCM) and payroll software solutions. Its HCM and payroll platform offers a product suite that helps businesses attract and retain talent, build culture and connection with their employees, and streamline and automate human resource (HR) and payroll processes. It provides its software-as-a-service solutions to clients across the United States. Its product suite includes various categories, such as payroll, human resources, time and labor, talent, benefits and employee experience. Its payroll product suite includes payroll and tax services, on demand payment and garnishments, and others. Its human resources product suite includes human resources, workflows and documents and HR edge, and others. Talent product suite includes recruiting, onboarding and market pay. Its employee experiences product suite includes community, video and employee voice. It also offers an all-in-one spending management platform.
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Events Timeline

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News

Fool
5.0
15:06 PMFool
Sone Capital Management Sells Paylocity Shares
  • Share Reduction: Sone Capital Management sold 162,022 shares of Paylocity in Q4 2025, with an estimated transaction value of $24.11 million, indicating a decrease in confidence in the company.
  • Position Change: Following this sale, Sone's holdings in Paylocity dropped to 33,279 shares worth approximately $5.08 million, representing only 0.41% of its reportable AUM, highlighting a significant reduction in exposure.
  • Market Performance: Despite Paylocity's revenue continuing to grow, with fiscal 2026 guidance pointing to around $1.7 billion, up 9% year-over-year, its stock price has fallen 43% over the past year, reflecting market caution towards software stocks.
  • Investor Concerns: This sale may suggest Sone's worries about Paylocity's future profitability, particularly as high-multiple software companies face challenges in translating growth into consistently expanding profits.
NASDAQ.COM
6.5
15:03 PMNASDAQ.COM
Sone Capital Management Reduces Paylocity Holdings
  • Share Reduction Details: Sone Capital Management sold 162,022 shares of Paylocity in Q4 2025 for an estimated $24.11 million, indicating a potential decrease in confidence towards the company.
  • Quarter-End Position Value: By the end of the quarter, Sone Capital's stake in Paylocity was reduced to 33,279 shares valued at $5.08 million, reflecting a $26.03 million decrease, highlighting the pressure on software stocks in the market.
  • Business Performance Analysis: Although Paylocity's revenue is projected to grow by 9% to approximately $1.7 billion in fiscal 2026, its stock price has nearly halved over the past year, suggesting market concerns regarding valuation and profit growth sustainability.
  • Investor Advisory: Given that Paylocity did not make The Motley Fool's list of the top 10 stocks to buy, investors should carefully assess its future growth potential, especially amid overall valuation compression in the software sector.
CNBC
8.0
03-09CNBC
Wealth Tax Calls Amid Social Security Funding Shortfall
  • Payroll Tax Cap Issue: According to the Center for Economic and Policy Research, individuals earning over $1 million have stopped paying Social Security taxes for 2026, indicating that high earners may have fulfilled their tax obligations early in the year, exacerbating the funding shortfall for Social Security.
  • Trust Fund Crisis: The Social Security Administration projects that the trust fund will be depleted by 2032, leading to a 24% reduction in monthly payments unless Congress intervenes, highlighting the fragility of the current Social Security system.
  • Support for Raising Tax Cap: A 2025 survey found broad support for raising the payroll tax cap for earnings over $400,000, even without increasing benefits for those additional contributions, reflecting a pressing public demand for Social Security reform.
  • Impact of Income Inequality: Research indicates that income inequality has contributed to the shortfall in the Social Security trust fund, with coverage of earnings subject to payroll taxes dropping from 90% in 1983 to 82.5% in 2000, underscoring the need for policy adjustments.
CNBC
7.5
03-04CNBC
ADP Report: Private Sector Adds 63,000 Jobs in February
  • Job Growth Overview: According to the ADP report, the private sector added a seasonally adjusted 63,000 jobs in February, a significant improvement from the revised 11,000 in January and surpassing the Dow Jones estimate of 48,000, indicating resilience in the labor market.
  • Sector Contribution Analysis: The education and health services sector led job creation with 58,000 new positions, while construction added 19,000, although most other sectors showed stagnant growth, highlighting the breadth issue in employment gains.
  • Wage Growth Trends: Wage growth for job stayers remained steady at 4.5%, while the increase for job switchers fell to 6.3%, indicating that the incentive to change jobs has dropped to the lowest level since ADP began tracking this metric, potentially affecting future job mobility.
  • Small Business Performance: Job gains were primarily concentrated in small businesses with fewer than 50 employees, which added 60,000 jobs, while large firms (500 or more employees) only added 10,000, reflecting the relative dynamism of small businesses in the current economic environment.
Newsfilter
6.5
02-26Newsfilter
Paylocity Recognized as Top HR System in Annual Survey
  • User Experience Leadership: Paylocity achieved first place in the Sapient Insights Group's Annual HR Systems Survey for Time and Attendance and Analytics in the mid-market, showcasing its exceptional user experience and solidifying its leadership position in the HR technology market.
  • High Customer Satisfaction: Ranking in the top five for vendor satisfaction across 17 out of 22 HR tech segments indicates strong customer recognition of Paylocity's service quality and product functionality, enhancing customer loyalty and competitive edge.
  • Ongoing Technology Investment: Paylocity's continuous investment in intuitive, data-driven HR technology, particularly in workflow automation and AI-driven analytics, aims to enhance organizational agility and employee engagement, thereby driving improved business efficiency.
  • Market Expansion Strategy: By introducing solutions for Finance and IT, Paylocity is expanding its unified platform capabilities, aiming to provide clients with a more comprehensive HR, finance, and technology integration experience, further increasing its market share and industry influence.
CNBC
4.0
02-25CNBC
High-Income Workers Extend Job Tenure Amid AI Fears
  • Labor Market Confidence Decline: The University of Michigan survey indicates that confidence among high earners in the labor market has plummeted to historic lows since the late 1970s, reflecting fears of rising unemployment rates that may lead to longer job tenures, thereby impacting overall economic dynamism.
  • Decreased White-Collar Turnover: ADP reports that turnover rates among traditional white-collar jobs have reached record lows, suggesting that fears of AI job displacement are causing high-income workers to remain in their positions longer, potentially reducing market activity and affecting corporate innovation.
  • Complex AI Impact: Federal Reserve officials highlight that while AI may displace certain jobs, it could also create new opportunities, emphasizing the dual role of AI in the future labor market, which may influence policy-making and corporate strategies.
  • Strong Employment for High Earners: Despite low confidence among high-income workers, data from the Bureau of Labor Statistics shows that the unemployment rate in finance is just 2.1%, indicating that the job market for high earners remains robust, potentially supporting economic recovery.
Wall Street analysts forecast PCTY stock price to rise
18 Analyst Rating
Wall Street analysts forecast PCTY stock price to rise
15 Buy
3 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
145.00
Averages
170.81
High
250.00
Current: 0.000
sliders
Low
145.00
Averages
170.81
High
250.00
KeyBanc
Overweight
downgrade
$225 -> $190
AI Analysis
2026-02-06
Reason
KeyBanc
Price Target
$225 -> $190
AI Analysis
2026-02-06
downgrade
Overweight
Reason
KeyBanc lowered the firm's price target on Paylocity to $190 from $225 and keeps an Overweight rating on the shares. The firm notes Paylocity posted another solid quarter, with Q2 recurring revenue growth coming in at 11.3% on continued execution and modestly better workforce level. That said, the magnitude of the revenue outperformance was slightly below prior quarterly beats.
Mizuho
Outperform -> NULL
downgrade
$180 -> $150
2026-02-06
Reason
Mizuho
Price Target
$180 -> $150
2026-02-06
downgrade
Outperform -> NULL
Reason
Mizuho lowered the firm's price target on Paylocity to $150 from $180 and keeps an Outperform rating on the shares.
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Valuation Metrics

The current forward P/E ratio for Paylocity Holding Corp (PCTY.O) is 19.38, compared to its 5-year average forward P/E of 45.69. For a more detailed relative valuation and DCF analysis to assess Paylocity Holding Corp's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
45.69
Current PE
19.38
Overvalued PE
72.32
Undervalued PE
19.06

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
29.06
Current EV/EBITDA
12.63
Overvalued EV/EBITDA
44.40
Undervalued EV/EBITDA
13.71

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
8.88
Current PS
4.52
Overvalued PS
12.46
Undervalued PS
5.30

Financials

AI Analysis
Annual
Quarterly

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Whales Holding PCTY

L
Liontrust Asset Management PLC
Holding
PCTY
+5.55%
3M Return
V
Van Berkom and Associates Inc.
Holding
PCTY
+1.37%
3M Return
D
Delaware Management Company
Holding
PCTY
-1.59%
3M Return
R
Riverbridge Partners, LLC
Holding
PCTY
-7.37%
3M Return

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Frequently Asked Questions

What is Paylocity Holding Corp (PCTY) stock price today?

The current price of PCTY is 110.72 USD — it has increased 0.91

What is Paylocity Holding Corp (PCTY)'s business?

Paylocity Holding Corporation is a provider of cloud-based human capital management (HCM) and payroll software solutions. Its HCM and payroll platform offers a product suite that helps businesses attract and retain talent, build culture and connection with their employees, and streamline and automate human resource (HR) and payroll processes. It provides its software-as-a-service solutions to clients across the United States. Its product suite includes various categories, such as payroll, human resources, time and labor, talent, benefits and employee experience. Its payroll product suite includes payroll and tax services, on demand payment and garnishments, and others. Its human resources product suite includes human resources, workflows and documents and HR edge, and others. Talent product suite includes recruiting, onboarding and market pay. Its employee experiences product suite includes community, video and employee voice. It also offers an all-in-one spending management platform.

What is the price predicton of PCTY Stock?

Wall Street analysts forecast PCTY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PCTY is170.81 USD with a low forecast of 145.00 USD and a high forecast of 250.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Paylocity Holding Corp (PCTY)'s revenue for the last quarter?

Paylocity Holding Corp revenue for the last quarter amounts to 416.13M USD, increased 10.39

What is Paylocity Holding Corp (PCTY)'s earnings per share (EPS) for the last quarter?

Paylocity Holding Corp. EPS for the last quarter amounts to 0.92 USD, increased 39.39

How many employees does Paylocity Holding Corp (PCTY). have?

Paylocity Holding Corp (PCTY) has 6700 emplpoyees as of March 19 2026.

What is Paylocity Holding Corp (PCTY) market cap?

Today PCTY has the market capitalization of 5.91B USD.