Paylocity Holding (PCTY) Stock
Cloud payroll software provider for mid market employers. Here's the price, business snapshot, and what's worth knowing about Paylocity Holding in September 2026.
Paylocity Holding Corporation (PCTY) is a US-based provider of cloud-native payroll and human capital management (HCM) software for mid-market employers. Its software-as-a-service model generates recurring revenue from payroll processing, HR, benefits administration and workforce management, and growth is driven by new customer wins, upselling modules and cross-selling alongside product innovation. The business benefits from high client retention and switching costs, though it faces competition from larger incumbents (ADP, Workday) and specialist rivals (Paycom, UK/european providers). Key risks include sensitivity to economic cycles that affect hiring and payroll volumes, execution and integration of new features, regulatory and data-security obligations, and potential margin pressure as the company scales. Market participants should note Paylocity’s US$8.54 billion market capitalisation, growth-oriented profile and typical SaaS volatility. This is educational information only and not personal advice; investors should consider their risk tolerance and seek independent financial advice before acting.
Paylocity Holding (PCTY) Stock Forecast
Analyst price target, next 12 months
$190.94
+33.2% vs today's $143.38
Price range over the last 12 months
In the middle of its 12-month range
Analysts covering Paylocity Holding have a consensus 12-month target of $190.94, above the current price of $143.38.
Analyst targets are opinions, not guarantees. Capital at risk. Data as of 24 Sep 2026.
Source: Analyst sentiment is provided by Refinitiv Ltd, a global leader in financial market data with over 40k business clients. Refinitiv Ltd is an independent third party to Nemo. This is not advice.
Sixth Month Growth Performance
Stock Performance Snapshot
Analyst Rating
Analysts recommend buying Paylocity stock with a target price of $190.94, indicating strong growth potential.
Financial Health
Paylocity is generating strong revenue and profits, with healthy cash flow and margins.
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Why You’ll Want to Watch This Stock
Recurring revenue growth
SaaS subscriptions and high client retention can support steady revenue expansion, though growth can vary with hiring trends and macro conditions.
Product innovation focus
Investments in platform features and integrations can drive upsells and differentiation, but execution and R&D costs may weigh on near-term margins.
Competitive market dynamics
Large incumbents and niche specialists create a competitive landscape; regulatory compliance and data security are ongoing considerations for investors.
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