Paylocity, a cloud payroll/HCM software provider, has acquired Airbase to enhance its market position and product offerings. Despite recent volatility, the company is projected to deliver a 10% return due to its solid fundamentals and revenue predictability. Paylocity's Q2 2025 revenue grew by 15.5% YoY, supported by strong liquidity and a healthy debt-to-equity ratio, although operating cash flow showed a seasonal decline.