What changed
$PCTY — BUY 📊
Paylocity Holding Corporation provides cloud-based human capital management, payroll software, and spend management solutions for the workforce in the United States.
🎯 Q2 2026 | Rev $1B | EPS $2.89 vs $2.58 🟢
💡 Consensus extrapolates slowing growth, but Paylocity's sticky customer base, upsell potential, and recent Q4 FY2026 EPS beat (2.89 vs 2.58 est) suggest continued positive surprises. Variant view: double-digit recurring revenue growth is sustainable, leading to EPS upgrades.
📉 Reward/risk: 2.41:1
🏢 Business Quality: 7/10
📊 Valuation: cheap — at ~9x annualized Q4 P/E, Paylocity trades at a steep discount to HR software peers (15-20x) and its own historical range.
🔮 Catalyst: Q1 FY2027 earnings release
💰 Entry: $103.79, stop $95, target $125
📊 Our read: BUY. Full analysis →
https://stockduty.xyz/s/PCTY0625
Why it matters
Paylocity Holding Corporation provides cloud-based human capital management, payroll software, and spend management solutions for the workforce in the United States.