Paylocity Holding Corporation (PCTY) Announces Multi-Year Sponsorship with Chicago Bulls; Citizens JMP Reaffirms ‘Market Outperform’ Rating

Paylocity Holding Corporation (NASDAQ:PCTY) is one of the 14 Tech Stocks to Sell Now According to Ken Fisher.

Paylocity Holding Corporation (PCTY) Announces Multi-Year Sponsorship with Chicago Bulls; Citizens JMP Reaffirms ‘Market Outperform’ Rating

On August 22, 2025, Citizens JMP reaffirmed its ‘Market Outperform’ rating with a $270 price target on Paylocity Holding Corporation (NASDAQ:PCTY). The investment firm expressed confidence despite the company’s 12% year-to-date decline and competitive shifts, including Thoma Bravo’s $12.3 billion Dayforce acquisition. Furthermore, Citizens JMP cited the company’s strong market position and growth potential.

Meanwhile, on September 2, 2025, Paylocity Holding Corporation (NASDAQ:PCTY) announced a multi-year sponsorship with the Chicago Bulls. This sponsorship makes PCTY the team’s Official HCM Software Partner. With this collaboration, the company will streamline HR and payroll operations for the Bulls while also fueling community engagement through programs like an all-girls youth basketball clinic.

Paylocity Holding Corporation (NASDAQ:PCTY) automates processes, enhances workplace culture, and helps businesses attract, retain, and empower employees with its cloud-based HR, finance, and IT solutions. It is one of the stocks to sell.

While we acknowledge the potential of PCTY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PCTY and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.