PCTY Stock Analysis: Paylocity Holding | NASDAQ

Payroll, Human Resources, Benefits Administration, Talent Management

Total Rating 65

Safety 73

Buy Signal 0.68

Software - Application
Industry Rotation: +7.2

Market Cap: 7.73B
Avg Turnover: 106M

Risk 3d forecast

Volatility43.5%

VaR 5^th Pctl7.39%

VaR vs Median3.18%

Reward TTM

Sharpe Ratio-0.26

Rel. Str. IBD70

Rel. Str. Peer Group60.7

Character TTM

Beta0.286

Beta Downside0.325

Hurst Exponent0.493

Drawdowns 3y

Max DD56.35%

CAGR/Max DD-0.15

CAGR/Mean DD-0.35

EPS (Earnings per Share)

EPS CAGR: 12.24%
EPS Trend: 96.6%

Last SUE: 4.00
Qual. Beats: 17

Revenue

Rev. CAGR: 11.96%
Rev. Trend: 98.4%

Last SUE: 1.37
Qual. Beats: 2

Warnings

Below Avwap Earnings

Tailwinds

Pead

Garp

Seasonality 11.6 years of data

Jan +0.4% 5

Feb -2.6% 28

Mar +3.4% 9

Apr +0.6% 24

May -2.1% 11

Jun -1.8% 8

Jul +3.8% 21

Aug +5.3% 26

Sep -2.6% 38

Oct +1.9% 15

Nov -3.1% 24

Dec -6.4% 46

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: PCTY Paylocity Holding

Paylocity Holding Corporation (NASDAQ: PCTY) is a U.S.-based provider of cloud-based human capital management (HCM), payroll, and spend management software, founded in 1997 and headquartered in Schaumburg, Illinois. Its platform bundles payroll and tax services, HR management, time and attendance, talent acquisition and development, benefits administration, employee experience tools, and finance-oriented modules such as expense management and accounts payable automation. The company serves for-profit and non-profit organizations across a diverse set of industries, including business services, financial services, healthcare, manufacturing, restaurants, retail, and technology, distributing its products through a direct sales force.

Paylocity operates within the Application Software sub-industry of the Information Technology sector, employing a Software-as-a-Service (SaaS) delivery model that produces recurring subscription-based revenue tied to multi-product client relationships. The HCM and payroll software market in which it competes is characterized by a mix of long-established payroll processors and newer cloud-native platform vendors, with adoption typically driven by employers seeking to consolidate workforce, payroll, and back-office finance workflows into a single integrated system.

Headlines to Watch Out For

Recurring subscription revenue drives top-line growth
Interest income on client funds pressured by Fed rate cuts
Competition from Workday and Rippling intensifies in mid-market
Worksite employee growth fuels cross-sell and retention

Piotroski VR-10 (Strict) 6.0

Net Income: 269.7m TTM > 0 and > 6% of Revenue
FCF/TA: 0.09 > 0.02 and ΔFCF/TA 0.33 > 1.0
NWC/Revenue: 17.10% < 20% (prev 26.24%; Δ -9.15% < -1%)
CFO/TA 0.11 > 3% & CFO 533.3m > Net Income 269.7m
Net Debt (-96.7m) to EBITDA (499.1m): -0.19 < 3
Current Ratio: 1.09 > 1.5 & < 3
Outstanding Shares: last quarter (54.8m) vs 12m ago -2.64% < -2%
Gross Margin: 69.19% > 18% (prev 68.72%; Δ 0.46% > 0.5%)
Asset Turnover: 38.20% > 50% (prev 35.31%; Δ 2.89% > 0%)
Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM)

Altman Z'' 2.10

A: 0.06 (Total Current Assets 3.72b - Total Current Liabilities 3.42b) / Total Assets 4.88b
B: 0.24 (Retained Earnings 1.17b / Total Assets 4.88b)
C: 0.08 (EBIT TTM 387.3m / Avg Total Assets 4.64b)
D: 0.33 (Book Value of Equity 1.22b / Total Liabilities 3.66b)
Altman-Z'' = 2.10 = BBB

Beneish M -2.99

DSRI: 1.05 (Receivables 50.1m/41.6m, Revenue 1.77b/1.55b)
GMI: 0.99 (GM 68.72% / 69.19%)
AQI: 0.83 (AQ_t 0.19 / AQ_t-1 0.22)
SGI: 1.14 (Revenue 1.77b / 1.55b)
TATA: -0.05 (NI 269.7m - CFO 533.3m) / TA 4.88b)
Beneish M = -2.99 (Cap -4..+1) = A

What is the price of PCTY shares?

As of August 15, 2026, the stock is trading at USD 148.28 with a total of 687,184 shares traded. Over the past week, the price has changed by -1.42%, over one month by +20.43%, over three months by +42.67% and over the past year by -13.61%.

Current recommended Stop Loss: 139.90 (which is 5.7% or 1.3 ATR below the current price).

Is PCTY a buy, sell or hold?

Paylocity Holding has received a consensus analysts rating of 4.15. Therefore, it is recommended to buy PCTY.

StrongBuy: 10
Buy: 4
Hold: 5
Sell: 1
StrongSell: 0

What are the forecasts/targets for the PCTY price?

Analysts Target Price	171.5	15.7%

Paylocity Holding (PCTY) - Fundamental Data Overview as of 12 August 2026

Market Cap USD = 7.73b (7.73b USD * 1.0 USD.USD)
P/E Trailing = 30.5987
P/E Forward = 16.1551
P/S = 4.5526
P/B = 6.5341
P/EG = 1.2148
Revenue TTM = 1.77b USD
EBIT TTM = 387.3m USD
EBITDA TTM = 499.1m USD
Long Term Debt = 81.2m USD (from longTermDebt, last quarter)
Short Term Debt = 9.37m USD (from shortTermDebt, two quarters ago)
Debt = 175.2m USD (from shortLongTermDebtTotal, last quarter) + Leases 51.7m
Net Debt = -96.7m USD (calculated: Debt 175.2m - CCE 271.9m)
Enterprise Value = 7.63b USD (7.73b + Debt 175.2m - CCE 271.9m)
Interest Coverage Ratio = unknown (Ebit TTM 387.3m / Interest Expense TTM 0.0)
EV/FCF = 17.03x (Enterprise Value 7.63b / FCF TTM 448.0m)
FCF Yield = 5.87% (FCF TTM 448.0m / Enterprise Value 7.63b)
FCF Margin = 25.29% (FCF TTM 448.0m / Revenue TTM 1.77b)
Net Margin = 15.23% (Net Income TTM 269.7m / Revenue TTM 1.77b)
Gross Margin = 69.19% ((Revenue TTM 1.77b - Cost of Revenue TTM 545.8m) / Revenue TTM)
Gross Margin QoQ = 67.54% (prev 72.31%)
Tobins Q-Ratio = 1.56 (Enterprise Value 7.63b / Total Assets 4.88b)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 175.2m)
Taxrate = 30.35% (117.6m / 387.3m)
NOPAT = 269.7m (EBIT 387.3m * (1 - 30.35%))
Current Ratio = 1.09 (Total Current Assets 3.72b / Total Current Liabilities 3.42b)
Debt / Equity = 0.14 (Debt 175.2m / totalStockholderEquity, last quarter 1.22b)
Debt / EBITDA = -0.19 (Net Debt -96.7m / EBITDA 499.1m)
Debt / FCF = -0.22 (Net Debt -96.7m / FCF TTM 448.0m)
Total Stockholder Equity = 1.15b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.82% (Net Income 269.7m / Total Assets 4.88b)
RoE = 23.44% (Net Income TTM 269.7m / Total Stockholder Equity 1.15b)
RoCE = 31.43% (EBIT 387.3m / Capital Employed (Equity 1.15b + L.T.Debt 81.2m))
RoIC = 19.61% (NOPAT 269.7m / Invested Capital 1.38b)
WACC = 6.84% (E(7.73b)/V(7.90b) * Re(6.99%) + D(175.2m)/V(7.90b) * Rd(0.0%) * (1-Tc(0.30)))
Discount Rate = 6.99% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -92.88 | Cagr: -1.79%
[DCF] Terminal Value 77.97% ; FCFF base≈424.1m ; Y1≈486.2m ; Y5≈715.5m
[DCF] Fair Price = 204.8 (EV 10.8b - Net Debt -96.7m = Equity 10.9b / Shares 53.1m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 96.64 | EPS CAGR: 12.24% | SUE: 4.0 | # QB: 17
Revenue Correlation: 98.38 | Revenue CAGR: 11.96% | SUE: 1.37 | # QB: 2
EPS current Quarter (2026-09-30): EPS=1.93 | Chg30d=+2.61% | Revisions=+25% | Analysts=18
EPS next Quarter (2026-12-31): EPS=1.92 | Chg30d=+2.07% | Revisions=-25% | Analysts=18
EPS current Year (2027-06-30): EPS=8.83 | Chg30d=+1.61% | Revisions=+12% | GrowthEPS=+6.2% | GrowthRev=+6.8%
EPS next Year (2028-06-30): EPS=9.69 | Chg30d=+0.48% | Revisions=+17% | GrowthEPS=+9.7% | GrowthRev=+7.7%
[Analyst] Revisions Ratio: +15% (up=6, down=4)