Paylocity (PCTY)

• Market cap: $9.73B
• 1 day: -0.16%
• 5 days: -1.82%
• 1 month: -12.16%
• 3 months: -7.64%
• 6 months: -10.50%
• Year to date: -9.69%
• 1 year: 29.67%
• 5 years: 22.02%
• 10 years: 389.36%
• 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, and its products help with recruiting and onboarding, payroll, time and labor, human resources, benefits, learning, and performance and compensation workflows. As of fiscal 2024, the company generated over $1.4 billion in revenue across more than 39,000 customers.

Employees: 6,400

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

50% more repeat investments, than reductions

Existing positions increased: 198 | Existing positions reduced: 132

31% more first-time investments, than exits

New positions opened: 77 | Existing positions closed: 59

2% more funds holding

Funds holding: 449 [Q4 2024] → 459 (+10) [Q1 2025]

0.35% more ownership

Funds ownership: 76.42% [Q4 2024] → 76.77% (+0.35%) [Q1 2025]

5% less capital invested

Capital invested by funds: $8.5B [Q4 2024] → $8.04B (-$460M) [Q1 2025]

10% less funds holding in top 10

Funds holding in top 10: 10 [Q4 2024] → 9 (-1) [Q1 2025]

70% less call options, than puts

Call options by funds: $5.75M | Put options by funds: $19.4M

Research analyst outlook

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

• Low target: $190 8% upside
• Avg. target: $232 32% upside
• High target: $270 53% upside

13 analyst ratings

• positive: 10 77%
• neutral: 3 23%
• negative: 0 0%

UBS Kevin Mcveigh	14% upside $200	Neutral Maintained	2 May 2025
Barclays Raimo Lenschow	19% upside $209	Equal-Weight Maintained	2 May 2025
Jefferies Samad Samana	33% upside $235	Buy Maintained	2 May 2025
Raymond James Brian Peterson	33% upside $235	Outperform Reiterated	2 May 2025
Piper Sandler Arvind Ramnani	46% upside $258	Overweight Reiterated	2 May 2025