PCTY
Paylocity Holding Corporation
PCTY
144.47USD
-1.45%
Oct 05, 2026
Price
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Price Action
Constructive pullback in an uptrend
Longer-term context reads damaged structure, with a near-term setup of constructive pullback.
EntryConstructive
Structure is constructive on both timeframes without excessive extension — a reasonable entry location.
Key Financials
- Market Cap
- $7.7B
- Avg Volume (60D)
- 716.3K
- Revenue Growth YoY
- +12.2%
- Gross Margin
- +74.2%
- Operating Margin
- +23.4%
- Free Cash Flow Yield
- +6.5%
- Distance from 200DMA
- +15.5%
- Next Earnings
- 2026-11-03
- P/E
- 28.4x
- EV / EBITDA
- 15.0x
- EV / Sales
- 4.5x
60 sessions
FY2026 vs FY2025
Trailing twelve months
Trailing twelve months
Market metrics as of Oct 2, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026
Fundamentals & Valuation
Two of the three valuation perspectives say cheap; own history is the dissenting view.
Paylocity Holding Corporation has a Cheap valuation stance because current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.
Company Research
Thesis
Paylocity is a direct HCM and payroll-platform provider for primarily mid-market employers, extending its platform across HR, payroll, time and labor, talent, spend management, and IT workflows.
Opportunity
Moderate opportunity
Enterprise adoption of AI-enabled platforms that automate payroll, HR administration, workforce operations, employee self-service, compliance support, and related finance workflows.
Key risk
Competition from larger and emerging SaaS providers.
Narrative & Theme
AI-Enabled Enterprise Workflow Automation
Part of AI-Enabled HCM and Payroll Automation, with moderate fit.
PCTY has a genuine, direct exposure to the modernization of HR, payroll, and workforce-administration workflows, including the deployment of embedded AI assistance and automation.
Narrative HeatNeutral5.7 / 10
Theme HeatNeutral5.4 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.
Business & Markets
Technology · Software - Application
What they do
Paylocity Holding Corporation provides cloud-based software solutions for human capital management, finance, and IT, primarily serving businesses in the United States through a SaaS platform.
How it earns
The company generates revenue mainly through subscription-based fees for its software services.
Products & services
Payroll solutions
Human resources solutions
Time and labor solutions
Talent management solutions
Customers & end markets
Small to medium-sized businesses
Enterprise businesses
Market position
Paylocity is a recognized player in the cloud-based HCM software market, competing with both established and emerging SaaS providers.
Demand drivers
Low cyclicality
Demand for payroll and HR software is relatively stable and less sensitive to economic cycles due to its essential nature.
Peers
Companies validated as economically comparable to PCTY — similar business, revenue model and scale.
PRICE ACTIONVALUATIONTHEME
Paycom is a direct, U.S.-focused HCM software provider whose unified platform handles payroll, tax administration, HR, talent, time-related and employee self-service workflows for small and midsize employers.
NarrativeEnterprise Workflow AutomationThemeUnified HCM and Payroll Automation
Early-stage constructive setup.30-day price action
ADP is a direct, scaled provider of cloud HCM, payroll processing and PEO services to small, mid-sized and enterprise employers globally.
NarrativeWorkforce Administration DigitizationThemeCloud HCM, Payroll and Compliance Outsourcing
Weak or broken price action.30-day price action
Workday is an application-platform enabler and direct software beneficiary: its HR and finance systems of record, workflow controls, identity and permissions, and proprietary business data provide the context in which AI agents can safely perform enterprise tasks.
NarrativeEnterprise Agentic-AI AdoptionThemeAI Agents for Core HR, Finance, and Spend Workflows
Early-stage constructive setup.30-day price action