Paylocity Holding Corp · Software

PCTY

Low riskNext report: In 6 days (est.)

View price ↗

The short version

A high-quality, profitable business with growing sales. Institutions are adding.

Going well

Sales up 11% in the latest quarter vs a year ago
Profitable
Sales up 14% last year

Money moves

Insiders sold $17.0M in the last 30 days, all through pre-planned sales
Institutions added 2.7% to their holdings in the quarter ending June 2026 (265 bought, 212 sold)
Held by Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$176.50-0.4% that day

Company value: $9.4B; Share price times all shares
Price vs profit (P/E): 35.7x; You pay about $36 for each $1 of yearly profit
Price vs sales: 5.3x; Company value is 5.3 times a year of sales
Cash vs value: 3%; Cash as a share of company value
Debt vs value: 1%; Debt as a share of company value

From PCTY's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26 (worked out from yearly totals)

$444.7M+11% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $1.8B, up 11% from the 12 months before. Over 5 years, sales grew about 23% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of PCTY. Starting points are the company's recent numbers.

Sales growth+11% a yearRecently: +11% a yearProfit margin15%Last 12 months: 15.2%P/E at the end36xToday: 35.7x. Many steady companies trade at 12x to 25xShare count change0% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$3.0B

Profit in 5 years$448M

Price these guesses point to$303.78+72% vs $176.50 todayAbout +11% a year, before dividends

What today's price needs: with a 15% margin and a 36x P/E, sales could shrink about 0.4% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

6/7Strong

PassReturn on equity 15%+Earns a lot on the money owners have in the business.20.0%
PassDebt under half of equityNot relying on borrowed money.0.07x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.14.2%
MissProfitable every yearSteady profits, not one good year.9 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$405.2M
PassShare count not growingNot diluting owners. Falling means buybacks.+0.2% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.68.8%

Revenue: $1.6B; +13.7% vs prior year
5-year growth: +23.2%/yr; revenue, per year
Total debt: $81.3M; 0.07x equity
Current ratio: 1.04x; short-term assets / bills due

From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 4

Revenue: $444.7M; +11.0% YoY
EPS: $1.11; vs $0.87
Op. margin: 19.0%; +2.5 pts
Gross margin: 67.5%; -0.3 pts
Free cash flow: $91.3M
Share count: -3.8%; vs a year ago

Some values are worked out from year-to-date totals in the annual report.

Insider rating

Last 90 days

43Mixed

Pre-planned sales of $17.0M (weaker signal)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

63/ 100

This week: 8
Normal week: 4.7
vs normal: 1.7x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+2.7%

Institutions added 2.7% to their holdings. 265 bought, 212 sold.

Shares held by institutions46.6M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-1.7%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

0.1x · $81.3M debt

Shares outstandingLatest reported

53M

Earnings reports

Last 12

Next reportIn 6 days (est.)Estimated from the same quarter last year

Results filedAug 4
Results filedMay 7
Results filedFeb 5
Results filedNov 4, 2025
Results filedAug 5, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

5%+ holder update (passive)Aug 14 · View filing ↗Big holder

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$17.0M2 insiders, 8 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Steven I SarowitzDirector	Sell	14K	$176.05	$2.4M	4M	Oct 26Filing ↗
-0.3% of their holdings $174.90 to $177.81 across 4 trades Pre-planned sale (10b5-1) Also 10% owner Filed 1 day after
Steven I SarowitzDirector	Sell	21K	$176.76	$3.7M	4M	Oct 23Filing ↗
-0.5% of their holdings $176.57 to $177.27 across 3 trades Traded Oct 22 to Oct 23 Pre-planned sale (10b5-1) Also 10% owner Filed 3 days after
Steven I SarowitzDirector	Sell	6K	$170.28	$978K	4M	Oct 21Filing ↗
-0.1% of their holdings $169.01 to $171.48 across 4 trades Pre-planned sale (10b5-1) Also 10% owner Filed 2 days after
Steven I SarowitzDirector	Sell	11K	$169.76	$1.8M	4M	Oct 20Filing ↗
-0.2% of their holdings $168.76 to $171.37 across 4 trades Pre-planned sale (10b5-1) Also 10% owner Filed 2 days after
Steven I SarowitzDirector	Sell	10K	$166.26	$1.7M	4M	Oct 19Filing ↗
-0.2% of their holdings $165.99 to $166.47 across 2 trades Pre-planned sale (10b5-1) Also 10% owner Filed 2 days after
Steven I SarowitzDirector	Sell	6K	$166.05	$913K	4M	Oct 16Filing ↗
-0.1% of their holdings $165.34 to $168.58 across 4 trades Pre-planned sale (10b5-1) Also 10% owner Filed 3 days after
Steven R BeauchampExecutive Chairman	Sell	15K	$165.22	$2.5M	1M	Oct 15Filing ↗
-1.2% of their holdings $161.38 to $165.96 across 5 trades Pre-planned sale (10b5-1) Also Director Filed 1 day after
Steven I SarowitzDirector	Sell	18K	$165.80	$2.9M	4M	Oct 15Filing ↗
-0.4% of their holdings $165.59 to $166.21 across 2 trades Pre-planned sale (10b5-1) Also 10% owner Filed 1 day after