Geode Capital Management LLC Sells 74,651 Shares of Paylocity Holding Corporation $PCTY

Posted by Francis Steltz on Jun 4th, 2026

Geode Capital Management LLC lowered its position in Paylocity Holding Corporation (NASDAQ:PCTY – Free Report) by 6.1% during the 4th quarter, Holdings Channel reports. The firm owned 1,139,841 shares of the software maker’s stock after selling 74,651 shares during the quarter. Geode Capital Management LLC’s holdings in Paylocity were worth $173,851,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Federated Hermes Inc. grew its stake in Paylocity by 1.6% in the third quarter. Federated Hermes Inc. now owns 4,848 shares of the software maker’s stock worth $772,000 after purchasing an additional 78 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Paylocity by 2.5% in the third quarter. PNC Financial Services Group Inc. now owns 3,313 shares of the software maker’s stock worth $528,000 after purchasing an additional 81 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Paylocity by 35.0% in the second quarter. Smartleaf Asset Management LLC now owns 428 shares of the software maker’s stock worth $77,000 after purchasing an additional 111 shares in the last quarter. Fisher Asset Management LLC grew its stake in Paylocity by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 7,382 shares of the software maker’s stock worth $1,126,000 after purchasing an additional 122 shares in the last quarter. Finally, True Wealth Design LLC grew its stake in Paylocity by 43.4% in the fourth quarter. True Wealth Design LLC now owns 410 shares of the software maker’s stock worth $63,000 after purchasing an additional 124 shares in the last quarter. Institutional investors own 94.76% of the company’s stock.

Paylocity Stock Down 4.3%

Shares of NASDAQ PCTY opened at $112.82 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $6.04 billion, a PE ratio of 24.06 and a beta of 0.51. The stock’s fifty day simple moving average is $106.82 and its two-hundred day simple moving average is $124.18. Paylocity Holding Corporation has a 12-month low of $92.99 and a 12-month high of $197.78.

Analysts Set New Price Targets

Several research analysts recently issued reports on PCTY shares. Citigroup increased their price objective on Paylocity from $133.00 to $136.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Stifel Nicolaus dropped their price objective on Paylocity from $188.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Robert W. Baird set a $193.00 price objective on Paylocity in a research note on Friday, May 8th. Jefferies Financial Group set a $135.00 price objective on Paylocity in a research note on Saturday, May 9th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Paylocity in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $160.28.

Read Our Latest Research Report on Paylocity

Key Paylocity News

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. Article Title
Positive Sentiment: The firm reiterated a Strong-Buy rating on Paylocity, reinforcing a favorable longer-term view on the stock. Article Title
Neutral Sentiment: The updates were limited to analyst estimates; there was no new company announcement, product news, or guidance from Paylocity itself. Article Title
Negative Sentiment: One estimate was trimmed for Q4 2026 EPS, showing that not every near-term forecast was upgraded. Article Title

Insider Transactions at Paylocity

In other Paylocity news, SVP Andrew Cappotelli sold 899 shares of the stock in a transaction 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 sale, the senior vice president owned 17,679 shares of the company’s stock, valued at approximately $2,033,968.95. This trade represents a 4.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 19.40% of the company’s stock.

Paylocity Company Profile

(Free Report)

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.