PCTY

Paylocity Holding Corporation

Technology · $7.5B market cap

Share price

$144.47

close of Oct 3, 2026

Fair value

$162.69

Sticker Price

Payback Price

$65.08

buy price

Undervalued

PCTY is Undervalued: at $144.47 it trades 11% below its fair value of $162.69. Its buy price (Payback Price) is $65.08, 55% below today's price. Business quality is strong: all 5 key numbers clear the 10% bar.

How we valued it

Free Cash Flow. Sales grew 15% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

Business quality

5 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth29.3% a year✓

Equity per share growth26.9% a year✓

Sales growth24.4% a year✓

Free cash flow growth29.6% a year✓

Return on invested capital16.8%✓

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Insider activity

Since Jul 1, 2026: no open-market purchases, 52 sales worth $21.7M and 42 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Cappotelli Andrew

Sr Vice President Operations · 2026-09-04

Sold

$11K

Sarowitz Steven I

director · 2026-08-28

Sold

$797

Sarowitz Steven I

director · 2026-08-28

Sold

$617K

Sarowitz Steven I

director · 2026-08-28

Sold

$191K

Sarowitz Steven I

director · 2026-08-27

Sold

$1.6M

Show all 52 sales

Sarowitz Steven I

director · 2026-08-27

Sold

$1.1M

Sarowitz Steven I

director · 2026-08-27

Sold

$310K

Sarowitz Steven I

director · 2026-08-27

Sold

$128K

Robinson Kenneth B.

director · 2026-08-27

Sold

$127K

Conway Craig

director · 2026-08-27

Sold

$493K

Sarowitz Steven I

director · 2026-08-24

Sold

$68K

Sarowitz Steven I

director · 2026-08-20

Sold

$3K

Sarowitz Steven I

director · 2026-08-20

Sold

$321K

Sarowitz Steven I

director · 2026-08-20

Sold

$384K

Sarowitz Steven I

director · 2026-08-20

Sold

$96K

Sarowitz Steven I

director · 2026-08-20

Sold

$211K

Cappotelli Andrew

Sr Vice President Operations · 2026-08-19

Sold

$37K

Cappotelli Andrew

Sr Vice President Operations · 2026-08-19

Sold

$121K

Cappotelli Andrew

Sr Vice President Operations · 2026-08-19

Sold

$203K

Cappotelli Andrew

Sr Vice President Operations · 2026-08-19

Sold

$21K

Glenn Ryan

Chief Financial Officer · 2026-08-19

Sold

$501K

Scutt Joshua

SVP Chief Revenue Officer · 2026-08-19

Sold

$75K

Scutt Joshua

SVP Chief Revenue Officer · 2026-08-19

Sold

$421K

Scutt Joshua

SVP Chief Revenue Officer · 2026-08-19

Sold

$198K

Scutt Joshua

SVP Chief Revenue Officer · 2026-08-19

Sold

$15K

Sarowitz Steven I

director · 2026-08-19

Sold

$1K

Sarowitz Steven I

director · 2026-08-19

Sold

$1.3M

Rost Nicholas

VP CAO & Treasurer · 2026-08-18

Sold

$77K

Sarowitz Steven I

director · 2026-08-14

Sold

$43K

Sarowitz Steven I

director · 2026-08-14

Sold

$45K

Beauchamp Steven R

Executive Chairman · 2026-08-14

Sold

$7K

Beauchamp Steven R

Executive Chairman · 2026-08-14

Sold

$23K

Beauchamp Steven R

Executive Chairman · 2026-08-14

Sold

$452K

Beauchamp Steven R

Executive Chairman · 2026-08-14

Sold

$1.6M

Beauchamp Steven R

Executive Chairman · 2026-08-14

Sold

$177K

Williams Toby J.

President and CEO · 2026-08-14

Sold

$15K

Williams Toby J.

President and CEO · 2026-08-14

Sold

$194K

Williams Toby J.

President and CEO · 2026-08-14

Sold

$1.4M

Williams Toby J.

President and CEO · 2026-08-14

Sold

$132K

Scutt Joshua

SVP Chief Revenue Officer · 2026-08-13

Sold

$17K

Sarowitz Steven I

director · 2026-08-13

Sold

$13K

Sarowitz Steven I

director · 2026-08-13

Sold

$808K

Sarowitz Steven I

director · 2026-08-13

Sold

$858K

Sarowitz Steven I

director · 2026-08-13

Sold

$612K

Sarowitz Steven I

director · 2026-08-07

Sold

$160K

Sarowitz Steven I

director · 2026-08-07

Sold

$330K

Sarowitz Steven I

director · 2026-08-07

Sold

$1.6M

Sarowitz Steven I

director · 2026-08-07

Sold

$794K

Sarowitz Steven I

director · 2026-08-07

Sold

$145K

Sarowitz Steven I

director · 2026-08-07

Sold

$2.0M

Sarowitz Steven I

director · 2026-08-06

Sold

$804K

Sarowitz Steven I

director · 2026-08-06

Sold

$876K

Other filings

Cappotelli Andrew

Sr Vice President Operations · 2026-09-01

Tax withholding

$9K

Williams Toby J.

President and CEO · 2026-08-17

Tax withholding

$3.0M

Beauchamp Steven R

Executive Chairman · 2026-08-17

Tax withholding

$606K

Glenn Ryan

Chief Financial Officer · 2026-08-17

Tax withholding

$891K

Scutt Joshua

SVP Chief Revenue Officer · 2026-08-17

Tax withholding

$560K

Show all 42 other filings

King Melissa Ann

SVP Product and Technology · 2026-08-17

Tax withholding

$228K

Cappotelli Andrew

Sr Vice President Operations · 2026-08-17

Tax withholding

$306K

Rost Nicholas

VP CAO & Treasurer · 2026-08-17

Tax withholding

$47K

Sarowitz Steven I

director · 2026-08-14

Award

2,207 shares

Beauchamp Steven R

Executive Chairman · 2026-08-14

Award

3,469 shares

Beauchamp Steven R

Executive Chairman · 2026-08-14

Award

10,201 shares

Beauchamp Steven R

Executive Chairman · 2026-08-14

Award

6,094 shares

Beauchamp Steven R

Executive Chairman · 2026-08-14

Award

7,229 shares

Pederson Robin Le

director · 2026-08-14

Award

2,207 shares

Cappotelli Andrew

Sr Vice President Operations · 2026-08-14

Award

3,193 shares

Cappotelli Andrew

Sr Vice President Operations · 2026-08-14

Award

22,346 shares

Cappotelli Andrew

Sr Vice President Operations · 2026-08-14

Award

4,695 shares

Cappotelli Andrew

Sr Vice President Operations · 2026-08-14

Award

4,351 shares

WATERS RONALD V

director · 2026-08-14

Award

2,207 shares

Rost Nicholas

VP CAO & Treasurer · 2026-08-14

Award

7,981 shares

Scutt Joshua

SVP Chief Revenue Officer · 2026-08-14

Award

4,179 shares

Scutt Joshua

SVP Chief Revenue Officer · 2026-08-14

Award

29,247 shares

Scutt Joshua

SVP Chief Revenue Officer · 2026-08-14

Award

4,695 shares

Scutt Joshua

SVP Chief Revenue Officer · 2026-08-14

Award

6,943 shares

Breen Virginia G

director · 2026-08-14

Award

2,207 shares

Williams Toby J.

President and CEO · 2026-08-14

Award

25,260 shares

Williams Toby J.

President and CEO · 2026-08-14

Award

74,293 shares

Williams Toby J.

President and CEO · 2026-08-14

Award

44,383 shares

Williams Toby J.

President and CEO · 2026-08-14

Award

43,036 shares

Breard Linda M.

director · 2026-08-14

Award

2,207 shares

King Melissa Ann

SVP Product and Technology · 2026-08-14

Award

3,489 shares

King Melissa Ann

SVP Product and Technology · 2026-08-14

Award

24,421 shares

King Melissa Ann

SVP Product and Technology · 2026-08-14

Award

4,695 shares

King Melissa Ann

SVP Product and Technology · 2026-08-14

Award

5,372 shares

Glenn Ryan

Chief Financial Officer · 2026-08-14

Award

6,513 shares

Glenn Ryan

Chief Financial Officer · 2026-08-14

Award

45,586 shares

Glenn Ryan

Chief Financial Officer · 2026-08-14

Award

7,042 shares

Glenn Ryan

Chief Financial Officer · 2026-08-14

Award

11,893 shares

Robinson Kenneth B.

director · 2026-08-14

Award

2,207 shares

Conway Craig

director · 2026-08-14

Award

2,207 shares

Reiner Andres

director · 2026-08-14

Award

2,207 shares

King Melissa Ann

SVP Product and Technology · 2026-07-01

Tax withholding

$51K

About Paylocity Holding Corporation

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…

Software - Application

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works

Verdict

How we valued it

Business quality

Insider activity

Sales

Other filings

About Paylocity Holding Corporation