Geode Capital Management LLC Decreases Position in Paylocity Holding Corporation $PCTY

Geode Capital Management LLC cut its stake in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,139,841 shares of the software maker’s stock after selling 74,651 shares during the period. Geode Capital Management LLC owned 2.10% of Paylocity worth $173,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC purchased a new stake in Paylocity during the fourth quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB raised its position in Paylocity by 363.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 190 shares of the software maker’s stock valued at $29,000 after purchasing an additional 149 shares during the period. Advisory Services Network LLC purchased a new stake in Paylocity during the third quarter valued at approximately $38,000. Allworth Financial LP raised its position in Paylocity by 88.0% during the third quarter. Allworth Financial LP now owns 282 shares of the software maker’s stock valued at $45,000 after purchasing an additional 132 shares during the period. Finally, Leonteq Securities AG purchased a new stake in Paylocity during the fourth quarter valued at approximately $45,000. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PCTY. KeyCorp decreased their price objective on Paylocity from $190.00 to $172.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 28th. Barclays upped their price objective on Paylocity from $120.00 to $128.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Citigroup upped their price objective on Paylocity from $133.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, May 11th. BTIG Research decreased their price objective on Paylocity from $180.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Finally, Citizens Jmp decreased their price objective on Paylocity from $170.00 to $150.00 and set a “market outperform” rating on the stock in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $160.28.

Key Headlines Impacting Paylocity

Here are the key news stories impacting Paylocity this week:

• Positive Sentiment: Zacks Research lifted its earnings estimates for Paylocity across several periods, including FY2026, FY2027 and FY2028, signaling stronger expected profitability.
• Positive Sentiment: The firm reiterated a Strong-Buy rating on Paylocity, reinforcing a favorable longer-term view on the stock.
• Neutral Sentiment: The updates were limited to analyst estimates; there was no new company announcement, product news, or guidance from Paylocity itself.
• Negative Sentiment: One estimate was trimmed for Q4 2026 EPS, showing that not every near-term forecast was upgraded.

Insider Activity at Paylocity

In other news, SVP Andrew Cappotelli sold 899 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $115.05, for a total transaction of $103,429.95. Following the transaction, the senior vice president owned 17,679 shares of the company’s stock, valued at approximately $2,033,968.95. This represents a 4.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 19.40% of the company’s stock.

Paylocity Trading Down 4.3%

PCTY opened at $112.82 on Thursday. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of 24.06 and a beta of 0.51. The stock’s 50 day moving average price is $106.82 and its 200-day moving average price is $124.18. Paylocity Holding Corporation has a one year low of $92.99 and a one year high of $197.78. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.08.

About Paylocity

Paylocity (NASDAQ: PCTY) is a leading provider of cloud-based payroll and human capital management (HCM) software designed to streamline workforce administration for mid-sized organizations. The company’s integrated platform automates core functions such as payroll processing, benefits administration, time and labor tracking, and compliance management, enabling employers to manage employee data more efficiently and reduce administrative burdens.

In addition to payroll and HR capabilities, Paylocity offers talent management solutions including recruiting, onboarding, performance tracking, and learning management.