Paylocity Holding Corp
PCTY · Services-Prepackaged Software · 53.5M shares · +1%/yr ↑ shares · EDGAR filings ↗
Reference price $116.35 · est. market cap ~$6.2B — last insider sale, 2026-06-04 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B79Profitable, double-digit-growth payroll/HCM SaaS with strong free cash flow.
Strengths
- Strong profitability — operating margin 20.7% (83rd), net margin 15.4%, ROE 18.4%
- Strong FCF — FCF margin 27.5% (77th), FCF $405.2M
- Double-digit growth, low leverage — revenue +14.8%, D/E 0.13
Risks
- Thin liquidity — current ratio 1.14 (28th)
- Mid-market HCM competition — per 10-K
- Growth gradually decelerating — per 10-K
Notable findings
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Strong balance sheetStrong balance sheet — $398M cash & investments
- Notable holderHeld by 6 notable fund(s): CITADEL ADVISORS LLC, STATE STREET CORP, GOLDMAN SACHS GROUP INC +3 more (as of 2026-03-31)
- Insider sellingInsider selling — 15 open-market sale(s) by 5 insider(s) (cluster of 5 insiders, ~$2M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
68.8%
Operating margin
19.1%
Net margin
14.2%
Return on equity
18.4%
Return on assets
5.2%
ROIC
17.2%
Revenue growth (QoQ)
20.7%
Net-income growth
9.8%
Debt / equity
0.1×
Net debt / EBITDA
-0.6×
Current ratio
1.1×
Free cash flow
$405M
EBITDA
$404M
Tangible book value
$798M
Cash & investments
$398M
Stock comp / revenue
9.0%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-04 | Cappotelli Andrew | Sell | 70 | $116.35 |
| 2026-06-01 | Cappotelli Andrew | Tax withheld | 59 | $114.93 |
| 2026-06-01 | Glenn Ryan | Sell | 1.0K | $117.55 |
| 2026-05-19 | Rost Nicholas | Sell | 521 | $115.05 |
| 2026-05-19 | Cappotelli Andrew | Sell | 899 | $115.05 |
| 2026-05-15 | Beauchamp Steven R | Tax withheld | 1.8K | $103.93 |
| 2026-05-15 | Scutt Joshua | Tax withheld | 1.6K | $103.93 |
| 2026-05-15 | King Melissa Ann | Tax withheld | 366 | $103.93 |
| 2026-05-15 | Rost Nicholas | Tax withheld | 313 | $103.93 |
| 2026-05-15 | Glenn Ryan | Tax withheld | 2.4K | $103.93 |
| 2026-05-15 | Williams Toby J. | Tax withheld | 5.9K | $103.93 |
| 2026-05-15 | Cappotelli Andrew | Tax withheld | 730 | $103.93 |
| 2026-05-11 | Scutt Joshua | Tax withheld | 673 | $110.98 |
| 2026-04-01 | King Melissa Ann | Tax withheld | 321 | $108.04 |
| 2026-03-11 | Williams Toby J. | Tax withheld | 1.3K | $114.55 |
| 2026-03-11 | Glenn Ryan | Tax withheld | 585 | $114.55 |
| 2026-03-04 | Cappotelli Andrew | Sell | 70 | $112.48 |
| 2026-03-02 | Cappotelli Andrew | Tax withheld | 59 | $106.49 |
| 2026-02-24 | Rost Nicholas | Sell | 307 | $101.98 |
| 2026-02-19 | Scutt Joshua | Sell | 1.4K | $107.54 |
| 2026-02-19 | Rost Nicholas | Sell | 329 | $108.94 |
| 2026-02-19 | Cappotelli Andrew | Sell | 845 | $108.94 |
| 2026-02-19 | Scutt Joshua | Sell | 2.7K | $108.74 |
| 2026-02-19 | Glenn Ryan | Sell | 2.0K | $107.55 |
| 2026-02-19 | Glenn Ryan | Sell | 1.2K | $108.21 |
| 2026-02-19 | Glenn Ryan | Sell | 100 | $109.12 |
| 2026-02-16 | Cappotelli Andrew | Tax withheld | 787 | $107.13 |
| 2026-02-16 | Williams Toby J. | Tax withheld | 6.5K | $107.13 |
| 2026-02-16 | King Melissa Ann | Tax withheld | 240 | $107.13 |
| 2026-02-16 | Scutt Joshua | Tax withheld | 1.6K | $107.13 |
| 2026-02-16 | Glenn Ryan | Tax withheld | 2.5K | $107.13 |
| 2026-02-16 | Beauchamp Steven R | Tax withheld | 1.9K | $107.13 |
| 2026-02-16 | Rost Nicholas | Tax withheld | 358 | $107.13 |
| 2026-02-13 | Williams Toby J. | Sell | 5.3K | $104.98 |
| 2026-02-13 | Williams Toby J. | Sell | 2.7K | $104.00 |
| 2026-01-02 | King Melissa Ann | Tax withheld | 380 | $152.50 |
| 2025-12-11 | Beauchamp Steven R | Gift | 16K | — |
| 2025-12-11 | Beauchamp Steven R | Gift | 16K | — |
| 2025-12-04 | Cappotelli Andrew | Sell | 69 | $146.90 |
| 2025-12-01 | Cappotelli Andrew | Tax withheld | 59 | $147.33 |
| 2025-11-26 | Cappotelli Andrew | Sell | 987 | $147.23 |
| 2025-11-19 | Glenn Ryan | Sell | 200 | $144.23 |
| 2025-11-19 | Glenn Ryan | Sell | 1.5K | $143.58 |
| 2025-11-19 | Rost Nicholas | Sell | 359 | $145.06 |
| 2025-11-17 | Cappotelli Andrew | Tax withheld | 643 | $148.05 |
| 2025-11-17 | Rost Nicholas | Tax withheld | 313 | $148.05 |
| 2025-11-17 | Glenn Ryan | Tax withheld | 2.4K | $148.05 |
| 2025-11-17 | Williams Toby J. | Tax withheld | 6.4K | $148.05 |
| 2025-11-17 | King Melissa Ann | Tax withheld | 240 | $148.05 |
| 2025-11-17 | Scutt Joshua | Tax withheld | 1.6K | $148.05 |
| 2025-11-17 | Beauchamp Steven R | Tax withheld | 1.8K | $148.05 |
| 2025-10-01 | King Melissa Ann | Tax withheld | 321 | $159.27 |
| 2025-09-24 | Rost Nicholas | Sell | 126 | $166.02 |
| 2025-09-22 | Rost Nicholas | Tax withheld | 76 | $164.22 |
| 2025-09-17 | Sarowitz Steven I | Gift | 120K | — |
| 2025-09-08 | Williams Toby J. | Tax withheld | 5.1K | $174.40 |
| 2025-09-08 | Scutt Joshua | Option exercise | 1.7K | — |
| 2025-09-08 | Scutt Joshua | Tax withheld | 737 | $174.40 |
| 2025-09-08 | Glenn Ryan | Option exercise | 1.8K | — |
| 2025-09-08 | Glenn Ryan | Tax withheld | 789 | $174.40 |
| 2025-09-08 | Williams Toby J. | Option exercise | 11K | — |
| 2025-09-08 | Beauchamp Steven R | Option exercise | 11K | — |
| 2025-09-08 | Beauchamp Steven R | Sell | 4.7K | $174.40 |
| 2025-09-03 | Cappotelli Andrew | Sell | 77 | $173.68 |
| 2025-09-02 | Cappotelli Andrew | Tax withheld | 52 | $179.23 |
| 2025-08-20 | Scutt Joshua | Sell | 880 | $178.55 |
| 2025-08-20 | Scutt Joshua | Sell | 1.8K | $180.78 |
| 2025-08-20 | Cappotelli Andrew | Sell | 1.9K | $177.82 |
| 2025-08-20 | Rost Nicholas | Sell | 130 | $177.82 |
| 2025-08-20 | Scutt Joshua | Sell | 958 | $179.58 |
| 2025-08-19 | Glenn Ryan | Sell | 100 | $179.49 |
| 2025-08-19 | Glenn Ryan | Sell | 703 | $177.40 |
| 2025-08-19 | Glenn Ryan | Sell | 500 | $178.89 |
| 2025-08-19 | Rost Nicholas | Sell | 378 | $177.58 |
| 2025-08-18 | Beauchamp Steven R | Tax withheld | 3.1K | $171.96 |
| 2025-08-18 | Williams Toby J. | Tax withheld | 1.6K | $171.96 |
| 2025-08-18 | Cappotelli Andrew | Tax withheld | 208 | $171.96 |
| 2025-08-18 | Rost Nicholas | Tax withheld | 69 | $171.96 |
| 2025-08-18 | Scutt Joshua | Tax withheld | 439 | $171.96 |
| 2025-08-18 | Glenn Ryan | Tax withheld | 364 | $171.96 |
| 2025-08-15 | Williams Toby J. | Grant | 27K | — |
| 2025-08-15 | King Melissa Ann | Grant | 13K | — |
| 2025-08-15 | Scutt Joshua | Grant | 17K | — |
| 2025-08-15 | Scutt Joshua | Grant | 6.2K | — |
| 2025-08-15 | Scutt Joshua | Tax withheld | 2.5K | $171.64 |
| 2025-08-15 | Glenn Ryan | Grant | 30K | — |
| 2025-08-15 | Glenn Ryan | Grant | 4.1K | — |
| 2025-08-15 | Glenn Ryan | Grant | 8.4K | — |
| 2025-08-15 | Glenn Ryan | Tax withheld | 3.3K | $171.64 |
| 2025-08-15 | Rost Nicholas | Grant | 4.1K | — |
| 2025-08-15 | Rost Nicholas | Tax withheld | 200 | $171.64 |
| 2025-08-15 | Pederson Robin Le | Grant | 1.3K | — |
| 2025-08-15 | Cappotelli Andrew | Grant | 11K | — |
| 2025-08-15 | Cappotelli Andrew | Grant | 3.2K | — |
| 2025-08-15 | Cappotelli Andrew | Tax withheld | 1.0K | $171.64 |
| 2025-08-15 | Williams Toby J. | Grant | 47K | — |
| 2025-08-15 | Williams Toby J. | Grant | 42K | — |
| 2025-08-15 | Williams Toby J. | Tax withheld | 14K | $171.64 |
| 2025-08-15 | Williams Toby J. | Sell | 4.0K | $171.50 |
| 2025-08-15 | Williams Toby J. | Sell | 4.0K | $172.04 |
| 2025-08-15 | Sarowitz Steven I | Grant | 1.3K | — |
| 2025-08-15 | Breard Linda M. | Grant | 1.3K | — |
| 2025-08-15 | Reiner Andres | Grant | 1.3K | — |
| 2025-08-15 | Kenneth Bernard Robinson | Grant | 1.3K | — |
| 2025-08-15 | Conway Craig | Grant | 1.3K | — |
| 2025-08-15 | Beauchamp Steven R | Grant | 7.8K | — |
| 2025-08-15 | Beauchamp Steven R | Grant | 5.7K | — |
| 2025-08-15 | Beauchamp Steven R | Tax withheld | 2.9K | $171.64 |
| 2025-08-15 | Breen Virginia G | Grant | 1.3K | — |
| 2025-08-15 | WATERS RONALD V | Grant | 1.3K | — |
| 2025-07-01 | King Melissa Ann | Tax withheld | 321 | $181.19 |
| 2025-06-23 | Cappotelli Andrew | Sell | 1.7K | $176.74 |
| 2025-06-04 | Scutt Joshua | Sell | 548 | $193.10 |
| 2025-06-03 | Cappotelli Andrew | Sell | 10 | $190.34 |
| 2025-06-02 | Cappotelli Andrew | Tax withheld | 52 | $190.90 |
| 2025-05-21 | Sarowitz Steven I | Sell | 604 | $200.03 |
| 2025-05-20 | Sarowitz Steven I | Sell | 14K | $200.44 |
| 2025-05-19 | Sarowitz Steven I | Sell | 39K | $200.64 |
| 2025-05-19 | Sarowitz Steven I | Sell | 23K | $201.13 |
| 2025-05-19 | Rost Nicholas | Sell | 377 | $198.45 |
| 2025-05-16 | Beauchamp Steven R | Sell | 1.7K | $199.29 |
| 2025-05-16 | Sarowitz Steven I | Sell | 10K | $201.09 |
| 2025-05-16 | Kenneth Bernard Robinson | Sell | 510 | $200.85 |
| 2025-05-16 | Sarowitz Steven I | Sell | 53K | $200.62 |
| 2025-05-15 | Cappotelli Andrew | Tax withheld | 375 | $199.47 |
| 2025-05-15 | Scutt Joshua | Tax withheld | 1.1K | $199.47 |
| 2025-05-15 | Glenn Ryan | Tax withheld | 1.4K | $199.47 |
| 2025-05-15 | Rost Nicholas | Tax withheld | 200 | $199.47 |
| 2025-05-15 | Williams Toby J. | Tax withheld | 3.3K | $199.47 |
| 2025-05-15 | Beauchamp Steven R | Sell | 28K | $199.16 |
| 2025-05-15 | Beauchamp Steven R | Tax withheld | 1.6K | $199.47 |
| 2025-05-14 | Sarowitz Steven I | Sell | 11K | $200.32 |
| 2025-05-13 | Sarowitz Steven I | Sell | 16K | $200.61 |
| 2025-05-13 | Sarowitz Steven I | Sell | 1.5K | $201.19 |
| 2025-05-12 | Sarowitz Steven I | Sell | 100 | $200.54 |
| 2025-05-09 | Scutt Joshua | Tax withheld | 675 | $193.54 |
| 2025-04-01 | King Melissa Ann | Tax withheld | 342 | $187.34 |
| 2025-03-24 | Sarowitz Steven I | Sell | 14K | $195.16 |
| 2025-03-24 | Sarowitz Steven I | Sell | 9.6K | $194.27 |
| 2025-03-24 | Sarowitz Steven I | Sell | 2.7K | $195.91 |
| 2025-03-21 | Sarowitz Steven I | Sell | 10K | $190.44 |
| 2025-03-21 | Sarowitz Steven I | Sell | 14K | $191.79 |
| 2025-03-21 | Sarowitz Steven I | Sell | 370 | $192.16 |
| 2025-03-20 | Sarowitz Steven I | Sell | 15K | $190.76 |
| 2025-03-20 | Sarowitz Steven I | Sell | 8.4K | $191.42 |
| 2025-03-19 | Sarowitz Steven I | Sell | 2.3K | $192.33 |
| 2025-03-19 | Sarowitz Steven I | Sell | 12K | $190.68 |
| 2025-03-19 | Sarowitz Steven I | Sell | 12K | $191.46 |
| 2025-03-18 | Sarowitz Steven I | Sell | 100 | $190.04 |
| 2025-03-13 | Scutt Joshua | Sell | 600 | $181.44 |
| 2025-03-13 | Scutt Joshua | Sell | 1.0K | $186.12 |
| 2025-03-13 | Scutt Joshua | Sell | 459 | $183.68 |
| 2025-03-13 | Scutt Joshua | Sell | 825 | $182.91 |
| 2025-03-11 | Williams Toby J. | Tax withheld | 1.3K | $188.60 |
| 2025-03-11 | Glenn Ryan | Tax withheld | 585 | $188.60 |
| 2025-03-04 | Cappotelli Andrew | Sell | 11 | $201.92 |
| 2025-03-03 | Cappotelli Andrew | Tax withheld | 52 | $204.29 |
| 2025-02-19 | Glenn Ryan | Sell | 1.7K | $216.63 |
| 2025-02-19 | Rost Nicholas | Sell | 511 | $216.63 |
| 2025-02-18 | Beauchamp Steven R | Sell | 5.9K | $216.91 |
| 2025-02-18 | Beauchamp Steven R | Sell | 1.9K | $216.01 |
| 2025-02-18 | Beauchamp Steven R | Gift | 15K | — |
| 2025-02-18 | Beauchamp Steven R | Gift | 15K | — |
| 2025-02-18 | Beauchamp Steven R | Sell | 3.4K | $217.77 |
| 2025-02-17 | Beauchamp Steven R | Tax withheld | 1.7K | $216.96 |
| 2025-02-17 | Rost Nicholas | Tax withheld | 231 | $216.96 |
| 2025-02-17 | Cappotelli Andrew | Tax withheld | 402 | $216.96 |
| 2025-02-17 | Scutt Joshua | Tax withheld | 1.1K | $216.96 |
| 2025-02-17 | Glenn Ryan | Tax withheld | 1.4K | $216.96 |
| 2025-02-17 | Williams Toby J. | Tax withheld | 3.3K | $216.96 |
| 2025-02-14 | Beauchamp Steven R | Sell | 1.0K | $215.02 |
| 2025-02-14 | Williams Toby J. | Sell | 1.4K | $215.48 |
| 2025-02-14 | Williams Toby J. | Sell | 2.8K | $216.69 |
| 2025-02-14 | Williams Toby J. | Sell | 3.8K | $217.38 |
| 2025-02-14 | Beauchamp Steven R | Sell | 1.9K | $216.03 |
| 2025-02-14 | Beauchamp Steven R | Sell | 20K | $217.14 |
| 2025-02-14 | Beauchamp Steven R | Sell | 6.8K | $218.03 |
| 2025-02-14 | Beauchamp Steven R | Sell | 368 | $218.68 |
| 2025-02-14 | Beauchamp Steven R | Sell | 500 | $215.02 |
| 2025-02-14 | Beauchamp Steven R | Sell | 3.6K | $216.79 |
| 2025-02-14 | Beauchamp Steven R | Sell | 5.6K | $217.39 |
| 2025-02-14 | Beauchamp Steven R | Sell | 1.5K | $218.28 |
| 2025-01-02 | King Melissa Ann | Grant | 18K | — |
| 2024-12-31 | Sarowitz Steven I | Sell | 1.8K | $200.35 |
| 2024-12-31 | Sarowitz Steven I | Sell | 200 | $201.65 |
| 2024-12-30 | Sarowitz Steven I | Sell | 2.6K | $200.14 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-07 | ResultsOtherExhibits | filing ↗ |
| 2026-02-05 | ResultsExhibits | filing ↗ |
| 2025-12-05 | Exec/director changeShareholder voteExhibits | filing ↗ |
| 2025-11-04 | ResultsExhibits | filing ↗ |
| 2025-08-05 | ResultsOtherExhibits | filing ↗ |
| 2025-05-01 | ResultsExhibits | filing ↗ |
| 2025-02-06 | ResultsExhibits | filing ↗ |
| 2024-12-09 | Shareholder voteExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-05-08 | 2026-03-31 | 0001591698-26-000037 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001591698-26-000036 ↗ |
| 10-Q | 2026-02-06 | 2025-12-31 | 0001591698-26-000007 ↗ |
| 8-K | 2026-02-05 | 2026-02-05 | 0001591698-26-000005 ↗ |
| 8-K | 2025-12-05 | 2025-12-04 | 0001591698-25-000132 ↗ |
| 10-Q | 2025-11-05 | 2025-09-30 | 0001591698-25-000113 ↗ |
| 8-K | 2025-11-04 | 2025-11-04 | 0001591698-25-000112 ↗ |
| 10-K | 2025-08-06 | 2025-06-30 | 0001591698-25-000087 ↗ |
| 8-K | 2025-08-05 | 2025-08-05 | 0001591698-25-000086 ↗ |
| 10-Q | 2025-05-02 | 2025-03-31 | 0001591698-25-000051 ↗ |
| 8-K | 2025-05-01 | 2025-05-01 | 0001591698-25-000049 ↗ |
| 10-Q | 2025-02-07 | 2024-12-31 | 0001591698-25-000010 ↗ |