Paylocity partners with the Chicago Bulls to enhance HR operations and support community initiatives, including a girls' basketball clinic.
Quiver AI Summary
Paylocity, a cloud-based HR, Finance, and IT solutions provider based in Schaumburg, Illinois, has announced a multi-year partnership with the Chicago Bulls, making it the team's Official HCM Software Partner. This collaboration aims to optimize the Bulls' HR and payroll processes using Paylocity's innovative platform, enhancing the workplace experience for staff. Both organizations emphasize their shared dedication to the Chicago community, with Paylocity supporting various initiatives, including a youth basketball clinic for girls aged 7 to 17, aimed at promoting sports and mentorship. The partnership reflects a mutual commitment to excellence, innovation, and community engagement.
Potential Positives
- Paylocity becomes the Official HCM Software Partner of the Chicago Bulls, enhancing its visibility and brand recognition through a partnership with a prominent NBA team.
- The partnership simplifies the Bulls' HR and payroll operations, showcasing Paylocity's capabilities and reinforcing the effectiveness of its cloud-based solutions.
- Paylocity will present a community initiative focused on youth basketball for girls, aligning the company with social responsibility and community engagement, which can enhance its corporate image.
- The collaboration emphasizes innovation and teamwork, key values that resonate with Paylocity’s mission and may attract businesses seeking a forward-thinking HR solution.
Potential Negatives
- Potential over-reliance on a single partnership for branding and visibility, which could limit the company's exposure in other markets or industries.
- The need to present a community initiative might indicate a strategy to bolster its public image, suggesting possible underlying challenges in public perception or brand strength.
- This partnership may require significant resources and investment, raising concerns about the long-term financial impact on the company if the partnership does not yield expected results.
FAQ
What is the partnership between Paylocity and the Chicago Bulls?
Paylocity is the Official HCM Software Partner of the Chicago Bulls, focusing on HR and payroll operations.
How will Paylocity improve the Bulls' operations?
Paylocity will streamline payroll, automate processes, and enhance the workplace experience for Bulls employees.
What community initiatives is Paylocity involved in with the Bulls?
Paylocity is the presenting partner of an all-girls youth basketball clinic to promote mentorship and skill development.
When was Paylocity founded?
Paylocity was founded in 1997 and has been publicly traded since 2014.
Where is Paylocity headquartered?
Paylocity is headquartered in Schaumburg, Illinois.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$PCTY Insider Trading Activity
$PCTY insiders have traded $PCTY stock on the open market 44 times in the past 6 months. Of those trades, 0 have been purchases and 44 have been sales.
Here’s a breakdown of recent trading of $PCTY stock by insiders over the last 6 months:
- STEVEN I SAROWITZ has made 0 purchases and 22 sales selling 268,932 shares for an estimated $53,116,047.
- STEVEN R BEAUCHAMP (Executive Chairman) has made 0 purchases and 2 sales selling 30,000 shares for an estimated $5,975,017.
- TOBY J. WILLIAMS (President and CEO) has made 0 purchases and 2 sales selling 8,000 shares for an estimated $1,374,170.
- JOSHUA SCUTT (Senior Vice President Sales) has made 0 purchases and 7 sales selling 6,505 shares for an estimated $1,181,793.
- ANDREW CAPPOTELLI (Sr Vice President Operations) has made 0 purchases and 4 sales selling 3,610 shares for an estimated $640,466.
- RYAN GLENN (Chief Financial Officer) has made 0 purchases and 3 sales selling 1,303 shares for an estimated $232,106.
- NICHOLAS ROST (VP CAO & Treasurer) has made 0 purchases and 3 sales selling 885 shares for an estimated $165,057.
- BERNARD ROBINSON KENNETH sold 510 shares for an estimated $102,433
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$PCTY Hedge Fund Activity
We have seen 262 institutional investors add shares of $PCTY stock to their portfolio, and 252 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL INTERNATIONAL INVESTORS removed 1,164,066 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $218,076,124
- PRICE T ROWE ASSOCIATES INC /MD/ removed 644,016 shares (-15.0%) from their portfolio in Q2 2025, for an estimated $116,689,259
- WASATCH ADVISORS LP removed 543,213 shares (-23.4%) from their portfolio in Q2 2025, for an estimated $98,424,763
- CITADEL ADVISORS LLC added 428,259 shares (+48.4%) to their portfolio in Q2 2025, for an estimated $77,596,248
- POINT72 ASSET MANAGEMENT, L.P. removed 394,316 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $71,446,116
- AQR CAPITAL MANAGEMENT LLC added 375,023 shares (+500.6%) to their portfolio in Q2 2025, for an estimated $67,950,417
- ZURICH INSURANCE GROUP LTD/FI removed 256,206 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $46,421,965
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$PCTY Analyst Ratings
Wall Street analysts have issued reports on $PCTY in the last several months. We have seen 10 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Jefferies issued a "Buy" rating on 08/06/2025
- Raymond James issued a "Outperform" rating on 07/30/2025
- Citigroup issued a "Buy" rating on 07/21/2025
- Needham issued a "Buy" rating on 07/18/2025
- Stifel issued a "Buy" rating on 05/02/2025
- Piper Sandler issued a "Overweight" rating on 05/02/2025
- JMP Securities issued a "Market Outperform" rating on 04/29/2025
To track analyst ratings and price targets for $PCTY, check out Quiver Quantitative's $PCTY forecast page.
$PCTY Price Targets
Multiple analysts have issued price targets for $PCTY recently. We have seen 15 analysts offer price targets for $PCTY in the last 6 months, with a median target of $225.0.
Here are some recent targets:
- Daniel Jester from BMO Capital set a target price of $230.0 on 08/06/2025
- Jason Celino from Keybanc set a target price of $225.0 on 08/06/2025
- Kevin Mcveigh from UBS set a target price of $202.0 on 08/06/2025
- Samad Samana from Jefferies set a target price of $225.0 on 08/06/2025
- Brian Peterson from Raymond James set a target price of $220.0 on 07/30/2025
- Steven Enders from Citigroup set a target price of $218.0 on 07/21/2025
- Raimo Lenschow from Barclays set a target price of $190.0 on 07/21/2025
Full Release
SCHAUMBURG, Ill., Sept. 02, 2025 (GLOBE NEWSWIRE) -- Two Chicago standouts are joining forces. Paylocity, a leading provider of cloud-based HR, Finance and IT solutions, is partnering with the Chicago Bulls in a multi-year sponsorship, tipping off a dynamic collaboration rooted in performance, innovation and a shared commitment to their hometown.
As the Official HCM Software Partner of the Chicago Bulls, Paylocity will power the team’s HR and payroll operations with its comprehensive suite of solutions, enabling the Bulls to simplify payroll, automate routine processes and enhance the workplace experience for employees across the organization.
"Through this partnership, Paylocity and the Chicago Bulls are combining our strengths to drive excellence both on and off the court," said Allison Windon, VP of Marketing, Revenue Growth & Operations for Paylocity. "With a shared commitment to innovation and teamwork, we’re streamlining the Bulls HR operations through One unified platform — while jointly investing in community programs that make a lasting difference for the employees and fans who fuel our success."
Beyond the court and back office, Paylocity will be the presenting partner of one of the Bulls’ signature community initiatives, an all-girls youth basketball clinic for Chicago-area players ages 7 to 17. The program promotes access to sports and mentorship for girls while fostering skill development on and off the court.
“The Chicago Bulls are proud to partner with Paylocity, an organization that shares our deep commitment to uplifting the Chicago community,” said Megan Donovan, Vice President of Partnership Marketing. “Together, we are creating opportunities for connection, inspiration, and growth through programs that bring fans closer to the game and each other. This partnership reflects our shared belief that investing in people is the key to building something truly special.”
About Paylocity
Headquartered in Schaumburg, IL, Paylocity (NASDAQ: PCTY) is an award-winning provider of HR, Finance and IT solutions through one unified cloud-based platform. Founded in 1997 and publicly traded since 2014, Paylocity offers an intuitive, easy-to-use product suite that helps businesses automate and streamline HR and payroll processes, attract and retain talent, and build culture and connection with their employees. Known for its unique culture and consistently recognized as one of the best places to work, Paylocity accompanies its clients on the journey to create great workplaces and help all employees achieve their best. For more information, visit
www.paylocity.com
.
CONTACT:
Nicole Andergard
[email protected]
503-855-7385
