Paylocity (PCTY)

• Market cap: $9.12B
• 1 day: -0.3%
• 5 days: -2.84%
• 1 month: -7.18%
• 3 months: -6.55%
• 6 months: -13.08%
• Year to date: -15.22%
• 1 year: 2.52%
• 5 years: 14.15%
• 10 years: 400.7%
• Sector: Technology
• Industry: Software - Application

About: Founded in 1997, Paylocity is a cloud-based human capital management and payroll platform servicing midmarket customers. The company's average client size is around 150 employees. Its products help with recruiting and onboarding, payroll, time and labor, human resources, benefits, learning, and performance and compensation workflows. In fiscal 2025, the company generated over $1.5 billion in revenue across more than 41,000 customers.

Employees: 6,700

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

283% more call options, than puts

Call options by funds: $7.36M | Put options by funds: $1.92M

44% more first-time investments, than exits

New positions opened: 78 | Existing positions closed: 54

18% more repeat investments, than reductions

Existing positions increased: 186 | Existing positions reduced: 158

4% more funds holding

Funds holding: 464 [Q1] → 484 (+20) [Q2]

2.66% more ownership

Funds ownership: 77.11% [Q1] → 79.77% (+2.66%) [Q2]

1% less capital invested

Capital invested by funds: $8.07B [Q1] → $7.98B (-$90.1M) [Q2]

33% less funds holding in top 10

Funds holding in top 10: 9 [Q1] → 6 (-3) [Q2]

Research analyst outlook

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

• Low target: $183
• Avg. target: $218
• High target: $250

8 analyst ratings

• positive: 6 75%
• neutral: 2 25%
• negative: 0 0%

UBS Kevin Mcveigh	$183	Neutral Maintained	17 Sep 2025
Jefferies Samad Samana	$225	Buy Maintained	6 Aug 2025
BMO Capital Daniel Jester	$230	Outperform Maintained	6 Aug 2025
Keybanc Jason Celino	$225	Overweight Maintained	6 Aug 2025
Raymond James Brian Peterson	$220	Outperform Maintained	30 Jul 2025