Paylocity, US70436Y1038

Paylocity stock reports renewed BofA coverage with buy rating

Published on 09/29/2026 at 22:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BofA Securities resumed coverage of Paylocity with a buy rating on September 29. The bank highlighted the company's expansion into finance, IT, services and artificial intelligence.

Aquarellmalerei einer Vorort-Skyline mit Bürotürmen und Teich bei Sonnenuntergang
Paylocity Holding US70436Y1038 illustriert Aquarellansicht eines Vorort-Geschäftsviertels mit modernen Bürotürmen und Teich bei Dämmerung, Illustration mit AI erstellt.

Paylocity Holding Corporation was the subject of renewed analyst coverage on September 29. BofA Securities resumed coverage of the workforce-management software company with a buy rating, according to Investing.com.

BofA points to broader product portfolio

Investing.com reported that BofA cited Paylocity's expansion beyond core payroll services into finance, information technology, services and artificial intelligence. The bank also pointed to product investments and potential growth outside the company's core payroll business.

Recent company announcement

Paylocity's newsroom lists the New York Jets' selection of Paylocity as its official human-capital-management platform as a press release dated September 10, 2026. The company also lists its Ignite AI launch, announced July 21, and its acquisition of AI-native Aidora, announced July 9, among recent press releases. These announcements are detailed in Paylocity's newsroom.

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