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Paylocity (PCTY)
NASDAQ:PCTY
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Paylocity (PCTY) Price & Analysis

558 Followers

PCTY Stock Chart & Stats

$130.16
$4.89(3.90%)
At close: 4:00 PM EDT
$130.16
$4.89(3.90%)

Bulls Say, Bears Say

Bulls Say
Strong Free Cash Flow GenerationConsistent, sizable free cash flow (FCF) that scaled to ~$497M in 2026 and historically converts ~66%–95% of net income provides durable funding for R&D, M&A, buybacks and debt reduction. High FCF reduces refinancing risk and supports disciplined capital allocation over the medium term.
High Recurring Revenue And Client ExpansionDouble-digit recurring revenue growth, rising ARPU (~$37.2k) and client count expansion (~44.4k, ~7% YoY) reflect a sticky subscription model with scale benefits. Durable subscription economics and >92% retention (pack highlights) support predictable revenue and multi-year margin sustainability.
Product Innovation And AI Platform Build-outAn expanding AI-native product set and recent AI-centric acquisitions deepen differentiation in recruiting, automation and HR workflows. Structural product enhancements improve competitive moat and can drive higher ARPU and client stickiness as AI features are embedded across the platform.
Bears Say
Near-term Margin Pressure From AcquisitionsAcquired assets that are subscale can depress consolidated margins while integration and scaling occur. Expect near-term dilution to adjusted margins and incremental SG&A or implementation spends; successful margin recovery depends on cross-sell and scale that may take multiple quarters.
Interest-income And Rate SensitivityA meaningful portion of EBITDA and FCF relies on interest income from client-held funds. Changes in rates or client fund balances materially affect reported profitability and cash generation, adding macro-driven volatility to otherwise recurring SaaS economics and complicating forward cash flow visibility.
Uncertain AI Monetization TimingAlthough AI adoption is accelerating, undefined pricing/monetization and unclear packaging delay predictable revenue upside. Continued investment without clear near-term monetization risks compressing margins and postponing payback on R&D and acquisition costs over the medium term.

Paylocity News

PCTY FAQ

What was Paylocity’s price range in the past 12 months?
Paylocity lowest stock price was $92.99 and its highest was $190.52 in the past 12 months.
    What is Paylocity’s market cap?
    Paylocity’s market cap is $7.38B.
      When is Paylocity’s upcoming earnings report date?
      Paylocity’s upcoming earnings report date is Oct 29, 2026 which is in 82 days.
        How were Paylocity’s earnings last quarter?
        Paylocity released its earnings results on Aug 04, 2026. The company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.617 by $0.223.
          Is Paylocity overvalued?
          According to Wall Street analysts Paylocity’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Paylocity pay dividends?
            Paylocity does not currently pay dividends.
            What is Paylocity’s EPS estimate?
            Paylocity’s EPS estimate is 1.93.
              How many shares outstanding does Paylocity have?
              Paylocity has 53,544,060 shares outstanding.
                What happened to Paylocity’s price movement after its last earnings report?
                Paylocity reported an EPS of $1.84 in its last earnings report, beating expectations of $1.617. Following the earnings report the stock price went up 3.133%.
                  Which hedge fund is a major shareholder of Paylocity?
                  Currently, no hedge funds are holding shares in PCTY
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    Company Description

                    Paylocity

                    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 compliance from a unified platform. This includes features like expense management, on-demand payment capabilities, and garnishment processing. Beyond payroll, Paylocity provides extensive human capital management functionalities, encompassing employee self-service portals, a centralized document library, an intuitive compliance dashboard, and its "HR Edge" feature. Its product suite also includes tools for time and attendance tracking and schedule management, supported by various time collection devices such as physical kiosks, traditional time clocks, and versatile mobile and web applications. Furthermore, the company offers a full spectrum of talent management solutions, covering everything from recruiting and onboarding new hires to managing employee learning, performance evaluations, and compensation. It also assists with employee benefits administration and offers third-party administrative services. To foster a positive employee experience, Paylocity supplies tools like internal community platforms, premium video content, survey capabilities, and peer recognition programs. For data-driven decision-making, it offers insight and recommendation tools, exemplified by its modern workforce index, detailed data analytics, and comprehensive reporting features. Clients also benefit from a range of supporting services, including implementation assistance, training programs, ongoing client support, and specialized tax and regulatory services. Paylocity serves a diverse clientele, encompassing both for-profit and non-profit entities across numerous sectors such as business services, financial services, healthcare, manufacturing, hospitality (restaurants), retail, and technology, among others. Its solutions are distributed directly through its team of sales representatives. Established in 1997, Paylocity maintains its corporate headquarters in Schaumburg, Illinois.

                    Paylocity (PCTY) Earnings & Revenues

                    PCTY Company Deck

                    PCTY Earnings Call

                    Q4 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Positive
                    The call presented a solid set of operating and financial results: double-digit recurring revenue growth, expanding ARPU and client counts, meaningful adjusted EBITDA and free cash flow expansion, successful product launches, and accelerating AI adoption. Management provided constructive FY27 guidance while acknowledging conservative assumptions, near-term margin pressure from recent subscale acquisitions and required investments, and sensitivity to interest-rate-driven interest income. On balance, the company demonstrates strong execution and healthy momentum, with manageable near-term headwinds tied to integration and macro assumptions.View all PCTY earnings summaries

                    PCTY Stock 12 Month Forecast

                    Average Price Target

                    $168.72
                    ▲(29.63% Upside)
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22,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 5, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":152.5,"date":1767225600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 26,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 6, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":135.57,"date":1769904000000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 25,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 6, \t&nbsp;</span>\n   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                    Ownership Overview

                    20.22%22.27%4.15%31.20%
                    20.22% Insiders
                    4.15% Other Institutional Investors
                    31.20% Public Companies and
                    Individual Investors
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