Paylocity (PCTY)

• Market cap: $10.3B
• 1 day: 0.13%
• 5 days: -0.05%
• 1 month: -3.30%
• 3 months: -6.61%
• 6 months: 8.05%
• Year to date: -5.69%
• 1 year: 17.27%
• 5 years: 93.89%
• 10 years: 518.84%
• Sector: Technology
• Industry: Software - Application

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 disclosures 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]

79% more first-time investments, than exits

New positions opened: 75 | Existing positions closed: 42

22% more capital invested

Capital invested by funds: $6.94B [Q3] → $8.49B (+$1.56B) [Q4]

11% more repeat investments, than reductions

Existing positions increased: 162 | Existing positions reduced: 146

6% more funds holding

Funds holding: 423 [Q3] → 447 (+24) [Q4]

1.55% more ownership

Funds ownership: 74.82% [Q3] → 76.38% (+1.55%) [Q4]

Research analyst outlook

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

• Low target: $190 3% upside
• Avg. target: $244 32% upside
• High target: $270 47% upside

12 analyst ratings

• positive: 9 75%
• neutral: 3 25%
• negative: 0 0%

Scotiabank Allan Verkhovski 23% 1-year accuracy 3 / 13 met price target	3% upside $190	Sector Perform Initiated	16 Apr 2025
Mizuho Siti Panigrahi 48% 1-year accuracy 16 / 33 met price target	20% upside $220	Outperform Maintained	15 Apr 2025
Citizens Capital Markets Patrick Walravens 25% 1-year accuracy 29 / 114 met price target	47% upside $270	Market Outperform Reiterated	3 Apr 2025
Barclays Raimo Lenschow 28% 1-year accuracy 22 / 79 met price target	26% upside $231	Equal-Weight Maintained	7 Feb 2025
Jefferies Samad Samana 32% 1-year accuracy 6 / 19 met price target	39% upside $255	Buy Maintained	7 Feb 2025