Paylocity (PCTY)

• Market cap: $10.5B
• 1 day: -1.20%
• 5 days: -0.14%
• 1 month: -13.72%
• 3 months: -3.31%
• 6 months: 16.93%
• Year to date: -3.64%
• 1 year: 11.46%
• 5 years: 139.79%
• 10 years: 497.11%
• Sector: Information Technology
• Industry: Prepackaged Software

About: Paylocity is a provider of payroll and human capital management solutions servicing small- to midsize clients in the United States. The company was founded in 1997 and targets businesses with 10-5,000 employees and services about 39,000 clients as of fiscal 2024. Alongside core payroll services, Paylocity offers HCM solutions such as time and attendance and recruiting software as well as workplace collaboration and communication tools.

Employees: 6,400

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

444% more call options, than puts

Call options by funds: $33.4M | Put options by funds: $6.14M

125% more funds holding in top 10

Funds holding in top 10: 4 [Q3] → 9 (+5) [Q4]

76% more first-time investments, than exits

New positions opened: 74 | Existing positions closed: 42

20% more capital invested

Capital invested by funds: $7.07B [Q3] → $8.48B (+$1.41B) [Q4]

5% more funds holding

Funds holding: 423 [Q3] → 445 (+22) [Q4]

10% more repeat investments, than reductions

Existing positions increased: 161 | Existing positions reduced: 147

0.01% more ownership

Funds ownership: 76.28% [Q3] → 76.29% (+0.01%) [Q4]

Research analyst outlook

12 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $220 17% upside
• Avg. target: $245 30% upside
• High target: $270 44% upside

12 analyst ratings

• positive: 10 83%
• neutral: 2 17%
• negative: 0 0%

Barclays Raimo Lenschow 33% 1-year accuracy 27 / 82 met price target	23% upside $231	Equal-Weight Maintained	7 Feb 2025
Jefferies Samad Samana 33% 1-year accuracy 6 / 18 met price target	36% upside $255	Buy Maintained	7 Feb 2025
JMP Securities Patrick Walravens 67% 1-year accuracy 73 / 109 met price target	44% upside $270	Market Outperform Maintained	7 Feb 2025
Raymond James Brian Peterson 27% 1-year accuracy 7 / 26 met price target	41% upside $265	Outperform Reiterated	7 Feb 2025
Stifel Brad Reback 28% 1-year accuracy 13 / 46 met price target	33% upside $250	Buy Maintained	7 Feb 2025