Paylocity (PCTY)
Unifies payroll, HR, spend management, and recruiting workflows on one cloud platform.
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Provides a cloud HCM, payroll, and spend-management platform, primarily through recurring subscriptions. The single-segment business combines HR and payroll workflows with finance tools—AP automation, expenses, corporate cards, procurement, and headcount planning—and has added recruiting automation.
Cloud HCM, payroll, and spend-management software make up one reporting segment. The platform automates HR, payroll, and spend processes and is delivered primarily through recurring subscriptions, with implementation services a smaller component.
Paylocity for Finance connects the employee record to AP automation, expense management, corporate cards, guided procurement, and headcount planning. This expansion followed the Airbase acquisition, while Grayscale added AI-driven automation to high-volume recruiting.
The business grew from a payroll provider into a broader workforce platform. Its operating model depends on continuing cloud-platform delivery and renewal, as well as integration and adoption of its finance capabilities.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 5, 2026 | Robert W. Baird | Target | Target: $193 | Target: $201 |
| Aug 5, 2026 | Cantor Fitzgerald | Reiterate | Rating: —Target: $190 | Target: $165 |
| Aug 5, 2026 | KeyBanc | Reiterate | Rating: —Target: $172 | Target: $178 |
| Aug 5, 2026 | Barclays | Target | Target: $128 | Target: $154 |
| Aug 5, 2026 | Jefferies | Reiterate | Rating: —Target: $135 | Target: $165 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $271.9M · Total debt $123.5M · Total assets $4.88B · Shareholders' equity $1.22B
- Revenue
- $444.7M
- Operating income
- $84.4M
- Net income
- $60.3M
No dividends on record.
| Institutions | 87.84% | 46.60M shares | |
|---|---|---|---|
| 477 holders · as of Jun 30, 2026 | |||
| Insiders | 31.26% | 16.59M shares | |
| 19 holders · as of Sep 16, 2026 | |||
| Strategic holders | 7.64% | 4.05M shares | |
| 1 holder · as of Feb 3, 2022 | |||
| Adds to | 126.74% | ||
53.06M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 126.74%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Steven Ira SarowitzInsider | 16.68% | 8.85M | filed Feb 10, 2025 |
Steven I. SarowitzInsiderdirector, 10 percent owner | 8.86% | 4.70M | filed Sep 1, 2026 |
BlackRock, Inc.Institution | 7.76% | 4.12M | as of Jun 30, 2026 |
BlackRock, Inc.Strategic | 7.64% | 4.05M | filed Feb 3, 2022 |
T. Rowe Price Investment Management, Inc.Institution | 5.85% | 3.11M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 15, 2026 | Steven R. Beauchamp | director, officer: Executive Chairman | −15,000 | $147.18 |
| Sep 4, 2026 | Andrew Cappotelli | officer: Sr Vice President Operations | −69 | $152.37 |
| Aug 28, 2026 | Steven I. Sarowitz | director, 10 percent owner: | −5,100 | $158.56 |
| Aug 27, 2026 | Steven I. Sarowitz | director, 10 percent owner: | −19,459 | $157.78 |
| Aug 27, 2026 | Kenneth B. Robinson | director | −800 | $158.41 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Paylocity | $142.35 | −2.31% | $7.80B | 29.6 | 16.1 | 4.4 | +11.0% |
| ADP | $263.20 | −2.39% | $107.78B | 24.6 | 21.5 | 4.9 | +6.8% |
| Paycom Software | $218.91 | −2.54% | $10.12B | 23.9 | 16.6 | 4.7 | +9.8% |
| Paychex | $104.15 | −9.06% | $40.74B | 23.5 | 17.2 | 6.3 | +5.9% |
| Workday | $191.01 | +1.48% | $49.31B | 38.2 | 15.8 | 4.9 | +12.8% |
| BILL | $45.68 | −1.74% | $4.63B | — | 12.5 | 2.8 | +13.8% |
| Median | 24.2 | 16.6 | 4.9 | +9.8% |