T. Rowe Price Investment Management, Inc. reported an ownership position in Paylocity Holding Corp. common stock on an amended Schedule 13G filing. The firm reported beneficial ownership of 3,105,531 shares of common stock, representing 5.8% of the outstanding class.
T. Rowe Price Investment Management reported sole power to vote or direct the vote over 3,094,505 shares and sole dispositive power over 3,105,531 shares, with no shared voting or dispositive power. The reporting person is organized in Maryland and states that the filing should not be construed as an admission that it is the beneficial owner of these securities, and that such beneficial ownership is expressly denied.
Paylocity Holding Corp director and more-than-10% owner Steven I. Sarowitz reported multiple open-market sales of Paylocity common stock on August 7, 2026, totaling 32,972 shares at weighted average prices between $150.73 and $155.81 per share. These transactions were conducted pursuant to an approved Rule 10b5-1 trading plan adopted on December 15, 2025. Following these sales, an affiliated trust continues to hold 3,916,476 shares indirectly.
Paylocity Holding Corp director and 10% owner Steven I. Sarowitz reported selling a total of 11,136 shares of common stock on August 6, 2026 in two open-market transactions at weighted average prices of $150.35 and $151.32 per share. The sales were conducted pursuant to a Rule 10b5-1 trading plan adopted on December 15, 2025, with execution prices occurring across specified ranges. After these transactions, 3,916,476 shares are reported as indirectly held through the Jessica P. Sarowitz Declaration of Trust.
Paylocity Holding Corporation is a cloud-based provider of human capital management, finance and IT software, delivered as SaaS to mid-sized U.S. organizations. Excluding acquired clients, it served approximately 44,400 clients as of June 30, 2026, with an annual revenue retention rate greater than 92% in fiscal 2024, 2025 and 2026.
Total revenues grew from $1,402.5 million in fiscal 2024 to $1,595.2 million in 2025 and $1,771.3 million in 2026, reflecting 14% and 11% year-over-year increases. The platform spans payroll, HR, time and labor, benefits, employee engagement, finance and access management, with AI capabilities branded as Ignite AI embedded across workflows.
The company invests heavily in innovation, with research and development spending rising to $303.2 million in fiscal 2026, and employed approximately 6,900 people as of June 30, 2026. Key risks discussed include intense competition, rapid technological change (including AI), seasonal and macro-driven revenue fluctuations, cybersecurity and data privacy exposures, regulatory and licensing requirements, and challenges integrating acquisitions and third-party partners.
Paylocity Holding Corporation reported double-digit growth for the quarter and year ended June 30, 2026. Q4 2026 recurring and other revenue reached $415.6 million, up 12.4% year over year, and total revenue was $444.7 million, up 11.0%. GAAP net income for the quarter was $60.3 million, or $1.12 per diluted share, and Adjusted EBITDA rose to $145.5 million. For fiscal 2026, recurring and other revenue was $1.651 billion and total revenue was $1.771 billion, increases of 12.2% and 11.0%, respectively.
Full-year GAAP net income grew 18.8% to $269.7 million, or $4.92 per diluted share, while Adjusted EBITDA increased to $654.9 million, 37.0% of total revenue. Net cash provided by operating activities was $533.3 million, with free cash flow of $427.8 million, 24.2% of total revenue. Paylocity repurchased $398.1 million, or approximately 2.8 million shares, and ended the year with $271.9 million of cash and cash equivalents and $81.3 million of long-term debt. Fiscal 2027 guidance calls for recurring and other revenue of $1.777–$1.792 billion, total revenue of $1.880–$1.895 billion, and Adjusted EBITDA of $690.0–$700.0 million.
Paylocity Holding Corp senior vice president of product and technology Melissa Ann King reported a small share disposition tied to taxes, not an open-market trade. On July 1, 2026, 489 shares of common stock were withheld at $104.53 per share to satisfy tax obligations. After this tax-withholding transaction, she directly holds 28,348 shares of Paylocity common stock.
Paylocity Holding Corp’s Sr Vice President of Operations, Andrew Cappotelli, reported an open-market sale of common stock. On June 4, 2026, he sold 70 shares at $116.35 per share. After this transaction, he directly holds 17,550 shares of Paylocity common stock.
The sale was conducted under an approved Rule 10b5-1 trading plan that Cappotelli adopted on August 27, 2025. Such plans pre-arrange trades, making this a small, pre-planned disposition rather than a discretionary sale.