Legal & General Group Plc Sells 16,630 Shares of Paylocity Holding Corporation $PCTY

Legal & General Group Plc lowered its stake in Paylocity Holding Corporation (NASDAQ:PCTY) by 19.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 67,627 shares of the software maker’s stock after selling 16,630 shares during the quarter. Legal & General Group Plc’s holdings in Paylocity were worth $10,313,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PCTY. Alyeska Investment Group L.P. bought a new position in shares of Paylocity during the third quarter valued at approximately $104,657,000. AQR Capital Management LLC raised its holdings in shares of Paylocity by 500.6% during the second quarter. AQR Capital Management LLC now owns 449,935 shares of the software maker’s stock valued at $81,438,000 after acquiring an additional 375,023 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Paylocity by 97.7% during the third quarter. Millennium Management LLC now owns 748,803 shares of the software maker’s stock valued at $119,262,000 after acquiring an additional 369,975 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Paylocity by 311.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 432,070 shares of the software maker’s stock valued at $65,891,000 after acquiring an additional 327,082 shares in the last quarter. Finally, Two Sigma Investments LP raised its holdings in shares of Paylocity by 114.6% during the third quarter. Two Sigma Investments LP now owns 516,798 shares of the software maker’s stock valued at $82,310,000 after acquiring an additional 275,959 shares in the last quarter. Institutional investors own 94.76% of the company’s stock.

Insider Activity at Paylocity

In other 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 value of $103,429.95. Following the sale, the senior vice president directly 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 legal filing with the SEC, which is accessible 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.

Analyst Ratings Changes

A number of brokerages recently commented on PCTY. Raymond James Financial set a $140.00 target price on Paylocity in a report on Friday, May 8th. Stephens decreased their target price on Paylocity from $160.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, May 8th. Barclays upped their target price on Paylocity from $120.00 to $128.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Citigroup upped their target price on Paylocity from $133.00 to $136.00 and gave the company a “buy” rating in a report on Monday, May 11th. Finally, BMO Capital Markets upped their target price on Paylocity from $135.00 to $143.00 and gave the company an “outperform” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $160.28.

Paylocity News Roundup

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.

Paylocity Price Performance

Shares of PCTY stock 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 business’s fifty day moving average is $106.82 and its 200 day moving average is $124.18. Paylocity Holding Corporation has a twelve month low of $92.99 and a twelve month high of $197.78. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.07.

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.