Paylocity (PCTY)

• Market cap: $10.6B
• 1 day: -0.27%
• 5 days: 0.80%
• 1 month: -12.91%
• 3 months: -2.40%
• 6 months: 18.03%
• Year to date: -2.73%
• 1 year: 12.51%
• 5 years: 142.05%
• 10 years: 502.73%
• 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 16% upside
• Avg. target: $245 29% upside
• High target: $270 42% 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	22% upside $231	Equal-Weight Maintained	7 Feb 2025
Jefferies Samad Samana 33% 1-year accuracy 6 / 18 met price target	34% upside $255	Buy Maintained	7 Feb 2025
JMP Securities Patrick Walravens 67% 1-year accuracy 73 / 109 met price target	42% upside $270	Market Outperform Maintained	7 Feb 2025
Raymond James Brian Peterson 31% 1-year accuracy 8 / 26 met price target	40% upside $265	Outperform Reiterated	7 Feb 2025
Stifel Brad Reback 30% 1-year accuracy 14 / 46 met price target	32% upside $250	Buy Maintained	7 Feb 2025