Paylocity launches an enhanced AI Assistant for quick access to HR data and workflows, improving user experience and efficiency.
Quiver AI Summary
Paylocity announced a major update to its AI Assistant, enhancing its ability to provide immediate answers and streamline workflows for HR, finance, and IT tasks. The AI Assistant allows users to ask questions directly, eliminating the need to navigate through menus or pages, and delivers rapid, context-specific responses on both desktop and mobile. For instance, employees can easily check their PTO balances or managers can view open headcount for hiring without unnecessary delays. Built with transparency and accuracy at its core, the AI Assistant connects responses to official data sources, ensuring reliability. This year alone, it has successfully answered over 1.2 million queries, significantly increasing user engagement with AI features. Paylocity emphasizes that this innovation not only saves time but empowers employees to focus on strategic initiatives rather than administrative tasks.
Potential Positives
- Paylocity launched an upgraded AI Assistant that significantly enhances user experience by simplifying access to crucial information and workflows, which can improve operational efficiency for HR teams and employees.
- The AI Assistant has already proven its effectiveness by answering over 1.2 million questions in the past year, indicating strong user engagement and satisfaction with AI-powered features.
- The integration of AI Assistant into the Paylocity platform is designed to provide accurate, transparent, and reliable answers, enhancing trust in HR and payroll data management.
- Paylocity's product innovations are highlighted by positive testimonials from users, demonstrating its impact on freeing up HR professionals to focus on strategic tasks rather than administrative duties.
Potential Negatives
- None
FAQ
What is Paylocity's AI Assistant?
Paylocity's AI Assistant is a tool that provides instant answers and actions for HR-related queries on mobile and desktop platforms.
How does AI Assistant improve employee experience?
It allows employees to quickly access important information like PTO balances and expense limits without navigating complex menus.
Can AI Assistant help manage headcount?
Yes, managers can use AI Assistant to view real-time openings and manage staffing decisions for their specific departments.
Is the information provided by AI Assistant reliable?
The AI Assistant's responses are based on official sources and policies, ensuring accuracy and trust in the information provided.
How is Paylocity recognized in the industry?
Paylocity is known for its strong culture and has been recognized as one of the best places to work in the industry.
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 41 times in the past 6 months. Of those trades, 0 have been purchases and 41 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 3 sales selling 34,664 shares for an estimated $6,788,418.
- TOBY J. WILLIAMS (President and CEO) has made 0 purchases and 2 sales selling 8,000 shares for an estimated $1,374,170.
- ANDREW CAPPOTELLI (Sr Vice President Operations) has made 0 purchases and 4 sales selling 3,676 shares for an estimated $651,618.
- JOSHUA SCUTT (Senior Vice President Sales) has made 0 purchases and 3 sales selling 3,601 shares for an estimated $647,876.
- 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 263 institutional investors add shares of $PCTY stock to their portfolio, and 253 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
- Piper Sandler issued a "Overweight" rating on 05/02/2025
- Stifel issued a "Buy" 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:
- Jason Celino from Keybanc set a target price of $225.0 on 08/06/2025
- Daniel Jester from BMO Capital set a target price of $230.0 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
- Raimo Lenschow from Barclays set a target price of $190.0 on 07/21/2025
- Steven Enders from Citigroup set a target price of $218.0 on 07/21/2025
Full Release
SCHAUMBURG, Ill., Sept. 16, 2025 (GLOBE NEWSWIRE) -- Paylocity, a leading provider of cloud-based HR, finance, and IT solutions, today unveiled the next generation of its AI Assistant—a game-changing update that turns everyday questions into instant action. No more digging through menus. No more wasted clicks. Just ask, and the AI Assistant takes users straight to the answer, the data, or the workflow users need—on desktop or mobile.
It’s like having a personal guide inside Paylocity’s ONE unified platform, ready to get users where they need to go in seconds.
Here’s how AI Assistant is turning everyday questions into instant action:
- Checking PTO Balance: In many HR systems, employees must log into self-service portals, navigate to time-off menus, and sort through different accrual types just to understand their vacation balance. With Paylocity, an employee asks, “ How many vacation days do I have left this year?” and immediately sees their up-to-the-minute vacation balance, with a direct link to submit a new request. Whether on mobile or desktop, the experience is accurate, fast and personalized, giving employees clarity in seconds while freeing HR teams from repetitive questions.
- Managing Headcount: Workforce planning usually requires moving between multiple platforms and dashboards, manually adding fields, and routing approvals. In Paylocity a department manager simply asks, “Show me open headcount for my department.” AI Assistant shows real-time openings for their specific team or department and provides direct links for planning new hires, backfills or role transfers. Because AI Assistant has access to the Paylocity platform’s roles and permissions for each individual user, the manager sees only the data they need and are authorized to view, in order to act immediately. This allows for faster staffing decisions for the business and fewer bottlenecks for HR.
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Approving Employee Spend:
Expense policies are often buried in handbooks and often vary by location, leaving managers unsure of what applies in different regions or office locations. With Paylocity’s AI Assistant, a manager reviewing expense reports can simply ask,
“What is the spending limit for a team event in New York?”
Instead of searching through policy documents, the manager immediately gets the exact answer pulled from the company’s policy handbook, tailored to the location in question. On desktop or mobile, they can confirm limits and approve or escalate the expense on the spot. This gives employees fast answers, ensures compliance with company policy, and keeps business operations moving without delay.
These are just a few examples of tasks that AI Assistant can support. From reporting a security incident to requesting new technology equipment, Paylocity’s AI Assistant manages countless questions and tasks the same way, delivering answers that are contextual to the user’s current task.
AI That Works Like You Do
“AI shouldn’t just provide answers it should unlock action,” said Melissa King, SVP of Product and Technology at Paylocity. “We’ve taken AI Assistant beyond conversation and built it into the fabric of our platform. It’s fast, intuitive, and designed to give clients exactly what they need without extra steps or complexity.”
Trust at the Core
HR and payroll data are too critical to leave to chance, that’s why Paylocity’s AI Assistant is built on transparency, ensuring accuracy and trust. Every response connects back to the official source, records, policies or data, so users know the information is accurate, current and reliable.
Already Proven. Already Delivering.
The results speak for themselves: in the past year alone, AI Assistant has answered more than 1.2 million questions. Usage of AI-powered features continues to more than double year over year for three consecutive years, as clients rely on AI to streamline compliance, uncover workforce insights, and simplify everyday tasks like benefits enrollment.
“With Paylocity’s AI Assistant, I no longer waste time clicking through menus to find answers,” said Crystal Kelly, Vice President of Human Resources at Zippy’s Restaurants. “It’s like having a 24/7 expert by my side—instantly resolving questions so I can focus on strategy, not admin.”
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
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CONTACT:
Nicole Andergard
[email protected]
503-855-7385