Paylocity Holding Management
Management criteria checks 2/4
Paylocity Holding's CEO is Toby Williams, appointed in Mar 2022, has a tenure of 4.17 years. total yearly compensation is $18.04M, comprised of 3.8% salary and 96.2% bonuses, including company stock and options. directly owns 0.14% of the company’s shares, worth $8.00M. The average tenure of the management team and the board of directors is 3.8 years and 6.9 years respectively.
Key information
Toby Williams
Chief executive officer
US$18.0m
Total compensation
| CEO salary percentage | 3.77% |
| CEO tenure | 4.2yrs |
| CEO ownership | 0.1% |
| Management average tenure | 3.8yrs |
| Board average tenure | 6.9yrs |
Recent management updates
Recent updates
PCTY: Lower Multiple And Buybacks Will Support Future Share Price Rebound
Analysts have reduced the Paylocity Holding price target by $52.88. The updated $114.00 level reflects revised expectations for growth, profitability and future P/E multiples following a series of downward target moves across the Street.
PCTY: 2026 Software Rebound And Buybacks Will Support Upside Potential
Paylocity Holding's updated analyst price target edges slightly higher to about $228, as analysts factor in modestly adjusted assumptions for fair value, discount rate, revenue growth, profit margin and future P/E following a broad round of lowered Street targets across the payroll software group. Analyst Commentary Recent research on Paylocity shows a cluster of price target resets across the payroll software peer group, with analysts fine tuning their models on fair value, discount rates, revenue assumptions and profit margins.
PCTY: Stable Margins And Buybacks Will Drive Long Term Upside
Analysts trimmed the Paylocity Holding fair value estimate by about $1 to $169.43 per share. The change reflects updated price targets across the Street and slightly higher discount rate and future P/E assumptions, while revenue growth and profit margin expectations remain essentially unchanged.PCTY: 2026 Software Setup And Buybacks Will Support Upside Potential
Analyst price targets for Paylocity Holding have been reset lower, with a series of cuts ranging from $5 to $75 as analysts factor updated macro assumptions, sector-wide software rerating, and company specific expectations into their models. Analyst Commentary Despite the latest round of lower price targets, some bullish analysts are still highlighting areas where they see potential upside for Paylocity, particularly around execution and the setup for software over the next couple of years.PCTY: 2026 Sector Setup And Buybacks Will Drive Upside
Our updated narrative on Paylocity reflects a reduced analyst price target of about $226, in line with a broad round of target cuts across the Street as analysts recalibrate for slightly lower revenue growth, narrower profit margin assumptions, a modestly higher discount rate, and a marginally higher future P/E multiple. Analyst Commentary Across the Street, most recent research has centered on recalibrating Paylocity price targets, with a cluster of firms trimming targets by between $5 and $75.Paylocity: Appears Undervalued With Decent Rebound Potential
Feb 10What You Can Learn From Paylocity Holding Corporation's (NASDAQ:PCTY) P/E After Its 25% Share Price Crash
Feb 10
PCTY: Beat And Raise Cadence Will Drive Long Term Upside Potential
Analysts have reduced their Paylocity Holding price targets, reflected in our fair value update from $192.19 to $170.38. They largely cite sector wide target cuts and lower assumed future P/E multiples, even as revenue growth and profit margin assumptions in their models remain relatively steady.PCTY: Beat And Raise Cadence Will Support Long Term Upside Potential
Narrative Update on Paylocity Holding Analysts have trimmed their fair value estimate for Paylocity Holding by about $1.66 to $192.19. This reflects a mix of lowered and raised price targets as they update assumptions on discount rates, long term margins, and future P/E multiples in light of recent sector outlooks and company specific research.PCTY: Beat And Raise Cadence Will Support Long Term Capital Appreciation
Analysts have made a slight adjustment to their Paylocity fair value estimate to $193.85, reflecting updated assumptions for interest rates, earnings multiples, and recent research that includes both higher and lower price targets across firms. Analyst Commentary Recent research on Paylocity reflects a mix of optimism on execution and caution around the operating backdrop, with price targets clustering between US$175 and US$245 compared with the updated fair value estimate of US$193.85.Shareholders Would Enjoy A Repeat Of Paylocity Holding's (NASDAQ:PCTY) Recent Growth In Returns
Jan 05PCTY Beat And Raise Cadence Will Drive Upside Through Fiscal 2026
Analysts have reduced their fair value estimate for Paylocity Holding to $250 from $270, citing a higher discount rate that more than offsets improving growth, margin expectations, and confidence in a beat and raise earnings trajectory reflected in recent, albeit lowered, price targets across the Street. Analyst Commentary Bullish analysts acknowledge the higher discount rate but continue to underscore Paylocity's ability to execute consistently, highlighting recent results and guidance that have outpaced muted investor expectations.PCTY: Beat And Raise Cadence Will Drive Long Term Capital Appreciation
Narrative Update on Paylocity Holding Analyst Price Target Analysts have modestly fine tuned their price target assumptions for Paylocity Holding, maintaining fair value near $194 per share. Slight adjustments to discount rates and long term growth expectations reflect confidence in the company’s ability to deliver a beat and raise cadence and attractive long term appreciation, despite mixed target revisions across the Street.PCTY: Beat-And-Raise Execution And Share Buyback Will Drive Outperformance In 2026
The analyst average price target for Paylocity was slightly reduced to $194.16 from $194.28, as analysts balanced steady fundamentals and recent guidance with ongoing sector volatility and cautious optimism around the company's growth prospects. Analyst Commentary Recent street research reveals both optimism and caution among analysts regarding Paylocity's outlook.PCTY: Beat-And-Raise Cadence And Share Buybacks Will Drive Renewed Outperformance
Analysts have revised their price target for Paylocity Holding downward by approximately $20 to $194. This adjustment reflects tempered growth expectations and recent market commentary that highlights both near-term sector headwinds and the company's continued potential for long-term outperformance.Recurring Revenue Strength And AI Integration Will Drive Long-Term Sector Gains
Analysts have slightly reduced their price target for Paylocity Holding, lowering it by about $1 to $214.58. They cite lower sector sentiment and expectations for subdued near-term performance despite stable company fundamentals.Unified HR And Finance Solutions Will Empower Digital Transformation
Analysts have modestly reduced their fair value estimate for Paylocity Holding, lowering the price target by approximately $4.53 per share. They cited updated macroeconomic expectations and sector volatility as key factors behind the adjustment.An Intrinsic Calculation For Paylocity Holding Corporation (NASDAQ:PCTY) Suggests It's 30% Undervalued
Jul 30Paylocity Holding (NASDAQ:PCTY) Is Looking To Continue Growing Its Returns On Capital
Jul 17Why We're Not Concerned About Paylocity Holding Corporation's (NASDAQ:PCTY) Share Price
Jul 03Does Paylocity Holding (NASDAQ:PCTY) Have A Healthy Balance Sheet?
Jun 19Here's Why Paylocity Holding (NASDAQ:PCTY) Has Caught The Eye Of Investors
May 23Paylocity Holding's (NASDAQ:PCTY) Solid Earnings Have Been Accounted For Conservatively
May 10Paylocity: Airbase Integration To Strengthen Positioning
Mar 13Paylocity: A Strong And Interesting HCM Play
Dec 26Paylocity: A Storm On The Horizon?
Oct 05
Innovative Software And AI-driven Solutions Propel Market Dominance And Revenue Surge
Offering modern software and investing in product development, such as Advanced Scheduling and AI-driven tools, aims to attract clients and increase revenue.Paylocity: Underappreciated Durable Growth
Jul 21Paylocity Stock Deserves A Closer Look At A 4-Year Low
Jun 28CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | n/a | n/a | US$238m |
| Sep 30 2025 | n/a | n/a | US$226m |
| Jun 30 2025 | US$18m | US$681k | US$227m |
| Mar 31 2025 | n/a | n/a | US$227m |
| Dec 31 2024 | n/a | n/a | US$221m |
| Sep 30 2024 | n/a | n/a | US$222m |
| Jun 30 2024 | US$15m | US$638k | US$207m |
| Mar 31 2024 | n/a | n/a | US$195m |
| Dec 31 2023 | n/a | n/a | US$168m |
| Sep 30 2023 | n/a | n/a | US$145m |
| Jun 30 2023 | US$22m | US$625k | US$141m |
| Mar 31 2023 | n/a | n/a | US$119m |
| Dec 31 2022 | n/a | n/a | US$96m |
| Sep 30 2022 | n/a | n/a | US$90m |
| Jun 30 2022 | US$8m | US$460k | US$91m |
| Mar 31 2022 | n/a | n/a | US$88m |
| Dec 31 2021 | n/a | n/a | US$90m |
| Sep 30 2021 | n/a | n/a | US$89m |
| Jun 30 2021 | US$6m | US$400k | US$71m |
| Mar 31 2021 | n/a | n/a | US$64m |
| Dec 31 2020 | n/a | n/a | US$67m |
| Sep 30 2020 | n/a | n/a | US$63m |
| Jun 30 2020 | US$4m | US$397k | US$64m |
| Mar 31 2020 | n/a | n/a | US$70m |
| Dec 31 2019 | n/a | n/a | US$58m |
| Sep 30 2019 | n/a | n/a | US$58m |
| Jun 30 2019 | US$3m | US$378k | US$54m |
Compensation vs Market: Toby's total compensation ($USD18.04M) is above average for companies of similar size in the US market ($USD8.56M).
Compensation vs Earnings: Toby's compensation has increased by more than 20% in the past year.
CEO
Toby Williams (52 yo)
4.2yrs
Tenure
US$18,044,482
Compensation
Mr. Toby J. Williams, J.D. is Director of CS Disco, Inc. from April 22, 2026. Over his career, he has served in senior roles in both public and privately held cloud-based software companies, including Corp...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 19.3yrs | US$3.45m | 3.52% $ 199.9m | |
| President | 4.2yrs | US$18.04m | 0.14% $ 8.0m | |
| Founder & Director | no data | US$243.66k | 15.71% $ 892.6m | |
| Chief Financial Officer | 4.2yrs | US$6.31m | 0.030% $ 1.7m | |
| Senior Vice President of Operations | 2yrs | US$3.12m | 0.036% $ 2.0m | |
| Senior Vice President of Product & Technology | 1.4yrs | US$4.26m | 0.0095% $ 539.9k | |
| Senior Vice President of Sales | 7.3yrs | US$5.14m | 0.085% $ 4.8m | |
| VP, Chief Accounting Officer & Treasurer | 4.7yrs | no data | 0.000040% $ 2.3k | |
| VP & General Counsel | no data | no data | no data | |
| Vice President of Strategy & Corporate Development | 4.3yrs | no data | no data | |
| Vice President of Marketing | 1.3yrs | no data | no data | |
| Chief Human Resources Officer | 3.3yrs | no data | no data |
3.8yrs
Average Tenure
52.5yo
Average Age
Experienced Management: PCTY's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 19.3yrs | US$3.45m | 3.52% $ 199.9m | |
| President | 4.2yrs | US$18.04m | 0.14% $ 8.0m | |
| Founder & Director | 29.3yrs | US$243.66k | 15.71% $ 892.6m | |
| Independent Director | 7.7yrs | US$258.66k | 0.017% $ 953.1k | |
| Independent Director | 2.2yrs | US$256.16k | 0.0035% $ 198.9k | |
| Lead Independent Director | 12.5yrs | US$291.16k | 0.015% $ 862.2k | |
| Independent Director | 6.2yrs | US$258.66k | 0.011% $ 604.7k | |
| Independent Director | 11.7yrs | US$256.16k | 0.050% $ 2.9m | |
| Independent Director | 2.6yrs | US$253.66k | 0.0042% $ 238.7k | |
| Independent Director | 6.2yrs | US$261.15k | 0.0076% $ 430.2k |
6.9yrs
Average Tenure
60yo
Average Age
Experienced Board: PCTY's board of directors are considered experienced (6.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/01 12:12 |
| End of Day Share Price | 2026/05/01 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Paylocity Holding Corporation is covered by 38 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark Marcon | Baird |
| Raimo Lenschow | Barclays |
| Daniel Jester | BMO Capital Markets Equity Research |