What is the 13F Pro Quality Score for PCTY?

13F Pro ranks Paylocity Holding Corp (PCTY) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View PCTY's current score at https://13fpro.ai/company/PCTY (free sign-up required for the full ranking).

Where does 13F Pro source PCTY data?

All Paylocity Holding Corp fundamentals and ownership data come directly from SEC EDGAR. Paylocity Holding Corp files with the SEC under CIK 1591698. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is PCTY in?

Paylocity Holding Corp (PCTY) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

What drives PCTY's revenue?

Per Paylocity Holding Corp's latest 10-K filed with the SEC on 2026-08-05, the biggest revenue drivers are: Recurring and other revenue ($1,651.4M, +12% YoY); Recurring fees ($1,587.5M); Implementation services and other ($63.9M). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/PCTY.

What are PCTY's largest expenses?

Paylocity Holding Corp's latest 10-K reports these as the largest expense items: Cost of revenues ($545.8M, +10% YoY); Sales and marketing ($393.9M, +5% YoY); General and administrative ($224.2M, +5% YoY). Sourced directly from SEC EDGAR filing text for FY2026 (fiscal year ended June 30, 2026).

How often is PCTY research updated on 13F Pro?

PCTY's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Paylocity Holding Corp(PCTY)Stock Analysis

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SEC EDGAR: CIK 1591698 PCTY stock profile & AI dashboard →

13F Pro Quality Score

66.8/100

Rank #402 of 2,960 stocksTOP 25%

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

66.2/100

Profitability

74.4/100

Balance Sheet

70.3/100

Earnings Quality

69.2/100

Free Cash Flow

81.9/100

Institutional Flow

55.5/100

Revenue Scale

60.8/100

Dilution Risk

19.2/100

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Why PCTY Scores 67/100

exact factor attribution · 2026-09-12

PCTY's composite is driven by free cash flow and profitability, held back by shareholder dilution. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Free cash flow

+4.8 pts

82th pct

Profitability

+3.7 pts

74th pct

Revenue growth

+3.2 pts

66th pct

Capital efficiency

+2.0 pts

70th pct

Earnings quality

+1.9 pts

69th pct

Scale

+1.6 pts

61th pct

Earnings growth

+0.8 pts

67th pct

Institutional flow

+0.3 pts

56th pct

Shareholder dilution

-1.5 pts

19th pct

Latest change (2026-08-05): 73 → 66 · ↓ Revenue growth 77→57; ↓ Earnings growth 73→52

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

PCTY Stock Analysis & AI Quality Score

Data updated 2026-09-12

AI stock analysis and institutional research for Paylocity Holding Corp (PCTY), a Technology sector company. 13F Pro's AI-powered ranking engine scores PCTY at 66.8/100 on a 32-signal composite quality model, placing it at rank #402 of 2,960 stocks — the top 25% of the AI-ranked universe. PCTY scores in the top quartile across free cash flow (81.9). Shareholder dilution risk is elevated at 19.2/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Paylocity Holding Corp reports quarterly revenue of $444.7M, net income of $60.3M, an operating margin of 19.0%. Top institutional holders of PCTY by reported 13-F value include BlackRock, T. Rowe Price Investment Management, AQR CAPITAL MANAGEMENT, based on the most recent SEC filings. PCTY trades on the Nasdaq exchange and files with the SEC under CIK 1591698. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PCTY daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Paylocity Holding Corp directly from SEC EDGAR. Paylocity Holding Corp's 13F Pro composite quality score has ranged between 57 and 78 since 2021, currently 66.8 — an improving long-term trajectory across 69 quarterly and live scoring snapshots.

✦

Fun facts about Paylocity Holding Corp

Quirks, history, and lore behind PCTY — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. software company · mid-cap · listed on Nasdaq · headquartered in suburban Chicago, Illinois.
2
The Numbers
Annual revenue in the range of roughly $1 billion, serving over 36,000 clients — almost all of them businesses, not consumers.
3
The History
Founded in 1997 and built from the ground up as a cloud-native platform — no legacy mainframe baggage to haul around, which is a bigger deal in its industry than it sounds.
4
The Secret
Its software lives squarely in the unglamorous but mission-critical world of payroll, HR, and workforce management — the stuff companies can't afford to get wrong on a Friday.
5
The Lore
It targets the mid-market sweet spot — too big for QuickBooks, too small to interest the enterprise giants — and its customers tend to be very sticky once onboarded.
6
The Giveaway
The name is a mashup of "payroll" and "velocity" — because fast, modern payroll and HCM software for mid-sized employers is literally the whole pitch.

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What's Driving PCTY's Business? Latest 10-K Breakdown

✓ 35/35 datapoints verified

AI-extracted from Paylocity Holding Corp's 10-K filed 2026-08-05 — FY2026 (fiscal year ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Total revenue grew 11% to $1,771.3 million — down from 14% growth in fiscal 2025 — while operating income rose to $386.0 million, 22% of revenue.

Biggest Revenue Drivers

Recurring and other revenue$1,651.4M+12% YoY

Incremental revenues from new and existing clients due to strong sales team performance and annual revenue retention in excess of 92%

Interest income on funds held for clients$120.0M-3% YoY

Negative impact from lower interest rates mostly offset by higher average daily balances of client funds

Biggest Revenue Drivers

Total revenue: $1,771.3M+11% YoY

Recurring and other revenue$1,651.4M+12% YoY

Incremental revenues from new and existing clients due to strong sales team performance and annual revenue retention in excess of 92%

Within Recurring and other revenue

Recurring fees$1,587.5M

Payroll processing, tax filing, time and labor, and HCM software solutions billed per-employee-per-month

Implementation services and other$63.9M

Nonrefundable implementation fees deferred and amortized generally up to 24 months

Interest income on funds held for clients$120.0M-3% YoY

Negative impact from lower interest rates mostly offset by higher average daily balances of client funds

Largest Expense Items

Cost of revenues$545.8M+10% YoY

$26.0M more employee-related costs, $10.7M processing and delivery costs, $10.6M higher internal-use software amortization

Sales and marketing$393.9M+5% YoY

$20.5M additional employee-related costs, partially offset by $3.7M lower stock-based compensation

General and administrative$224.2M+5% YoY

$6.8M more stock-based compensation, largely from prior-year executive award forfeitures, and $6.5M additional employee-related costs

Research and development$221.4M+8% YoY

$16.3M additional employee-related costs for development personnel, net of capitalized internal-use software, offset by $5.2M lower stock-based compensation

Margins: Gross profit margin held at 69% for both fiscal 2025 and 2026, while operating expenses fell to 47% of revenue from 50%, lifting operating margin to 22% from 19%.

Watch Items from the Filing

Deferred contract cost amortization extended from seven to eight years effective June 30, 2026, expected to increase fiscal 2027 Adjusted EBITDA margins by approximately 120 to 140 basis points.
Revenue growth decelerated to 11% in fiscal 2026 from 14% in fiscal 2025; client count rose 7% to approximately 44,400.
Effective tax rate rose to 30.4% from 26.5%, driven by stock-based compensation shortfalls and state and local income taxes.
Interest income on funds held for clients fell to $120.0M, 7% of revenue; a 100-basis-point rate increase would cut available-for-sale securities' market value by $16.0M.
Repurchased 2.8 million shares for $398.1M in fiscal 2026; $1,302.3M remains authorized after $1.5B of board increases in July 2025 and April 2026.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-K on SEC EDGAR →Share on X

Revenue

Q2 2026

$444.7M

Net Income

Q2 2026

$60.3M

Free Cash Flow

Q2 2026

$91.3M

Operating Margin

Q2 2026

19.0%

ROIC

Q2 2026

25.9%

D/E Ratio

Q2 2026

0.07

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+11.0% YoY

$1.77BFY 2026

FY23 $1.17BFY24 $1.40BFY25 $1.60BFY26 $1.77B

Net Income

+18.8% YoY

$269.7MFY 2026

FY23 $140.8MFY24 $206.8MFY25 $227.1MFY26 $269.7M

Operating Income

+27.0% YoY

$386.0MFY 2026

FY23 $155.0MFY24 $260.1MFY25 $304.0MFY26 $386.0M

EPS (Diluted)

+22.4% YoY

$4.92FY 2026

FY23 $2.49FY24 $3.63FY25 $4.02FY26 $4.92

Total Assets

+11.3% YoY

$4.88BFY 2026

FY23 $3.70BFY24 $4.25BFY25 $4.39BFY26 $4.88B

Total Debt

-50.0% YoY

$81.3MFY 2026

FY23 —FY24 $0.00FY25 $162.5MFY26 $81.3M

Op. Cash Flow

+27.5% YoY

$533.3MFY 2026

FY23 $282.7MFY24 $384.7MFY25 $418.2MFY26 $533.3M

Free Cash Flow

+22.7% YoY

$497.1MFY 2026

FY23 $260.8MFY24 $366.6MFY25 $405.2MFY26 $497.1M

Metric	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Revenue	$1.77B +11.0%	$1.60B +13.7%	$1.40B +19.4%	$1.17B +37.8%	$852.7M +34.1%	$635.6M
Net Income	$269.7M +18.8%	$227.1M +9.8%	$206.8M +46.8%	$140.8M +55.1%	$90.8M +28.2%	$70.8M
Operating Income	$386.0M +27.0%	$304.0M +16.9%	$260.1M +67.8%	$155.0M +83.3%	$84.6M +45.7%	$58.0M
EPS (Diluted)	$4.92 +22.4%	$4.02 +10.7%	$3.63 +45.8%	$2.49 +54.7%	$1.61 +27.8%	$1.26
Total Assets	$4.88B +11.3%	$4.39B +3.4%	$4.25B +14.9%	$3.70B -23.2%	$4.81B +99.1%	$2.41B
Total Debt	$81.3M -50.0%	$162.5M	$0.00	—	—	—
Operating Cash Flow	$533.3M +27.5%	$418.2M +8.7%	$384.7M +36.1%	$282.7M +82.3%	$155.1M +24.2%	$124.8M
Free Cash Flow	$497.1M +22.7%	$405.2M +10.5%	$366.6M +40.6%	$260.8M +90.4%	$137.0M +18.7%	$115.4M

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Available Research

13F Pro tracks comprehensive data for Paylocity Holding Corp including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of PCTY

BlackRock, Inc.
$430.3M4,116,664 sh
T. Rowe Price Investment Management, Inc.
$324.6M3,105,531 sh
AQR CAPITAL MANAGEMENT LLC
$246.0M2,352,978 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$228.6M2,186,679 sh
VANGUARD CAPITAL MANAGEMENT LLC
$203.4M1,945,811 sh
CITADEL ADVISORS LLC
$156.7M1,498,936 sh
MORGAN STANLEY
$149.0M1,425,020 sh
STATE STREET CORP
$146.0M1,396,889 sh
UBS Group AG
$135.6M1,297,034 sh
GEODE CAPITAL MANAGEMENT, LLC
$133.6M1,277,940 sh

Fund	Value	Shares
BlackRock, Inc.	$430.3M	4,116,664
T. Rowe Price Investment Management, Inc.	$324.6M	3,105,531
AQR CAPITAL MANAGEMENT LLC	$246.0M	2,352,978
VANGUARD PORTFOLIO MANAGEMENT LLC	$228.6M	2,186,679
VANGUARD CAPITAL MANAGEMENT LLC	$203.4M	1,945,811
CITADEL ADVISORS LLC	$156.7M	1,498,936
MORGAN STANLEY	$149.0M	1,425,020
STATE STREET CORP	$146.0M	1,396,889
UBS Group AG	$135.6M	1,297,034
GEODE CAPITAL MANAGEMENT, LLC	$133.6M	1,277,940

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Is PCTY a good stock to buy?

13F Pro's AI-powered analysis of Paylocity Holding Corp (PCTY) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for PCTY are available on the PCTY stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. PCTY is classified as a mid company.

Which hedge funds own PCTY?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling PCTY. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Paylocity Holding Corp's investment landscape.