Burney Co/ 13F: New $2.8M Stake in Paylocity (PCTY)

Burney Co has opened a new position in Paylocity Holding Corporation (PCTY) by acquiring 19,352 shares valued at about $2.76 million, according to their filing on October 15, 2026. This marks a significant entry into the technology sector, particularly in the cloud-based human capital management space.

What Changed in Burney Co's Paylocity Position

Burney Co took a new position with 19,352 shares, indicating a fresh investment in Paylocity. This is a brand-new buy for the fund, which did not hold any shares prior to this acquisition.

Other Institutional Activity in Paylocity

In the latest filings, other major institutional players reported changes in their positions as well. Blackrock Inc. reduced its holdings by 271,168 shares, ending with 4,116,664 shares valued at approximately $684.7 million. T. Rowe Price Investment Management cut back its stake by 934,447 shares for a total of 3,105,531 shares worth around $516.5 million. In contrast, AQR Capital Management significantly increased its position by adding 1,217,371 shares, bringing its total to 2,352,978 shares valued at about $391.3 million.

Paylocity Holding Corporation Stock Down 1.4%

Paylocity recently traded around $163.93 as of October 16, 2026. The stock is currently above its 50-day moving average by about 9.8% and 31% above its 200-day moving average, indicating a strong performance trend. However, it is about 3.1% below its 52-week high of $169.09, suggesting it may have room to grow.

Recent Earnings

For the last twelve months, Paylocity reported total revenue of approximately $1.77 billion and earnings per share (EPS) of $4.92. The company's revenue growth year-over-year stands at 11%. The next earnings report is scheduled for November 5, 2026.

Insider Buying and Selling at Paylocity Holding Corporation

Recent insider transactions included sales by several key executives. Craig Conway, a Director, sold 3,145 shares at an average price of $156.8, totaling about $493,136 on August 27, 2026. Steven I. Sarowitz, another Director and significant shareholder, sold 5,100 shares on August 28, 2026, valued at around $808,633. Additionally, Andrew Cappotelli, an Officer, sold 69 shares at $152.37, amounting to about $10,514 on September 4, 2026, while Steven Raymond Beauchamp, an Officer and Director, sold 15,000 shares valued at about $2.21 million on September 15, 2026.

Analysts Set New Price Targets

On October 13, 2026, Barclays maintained an Equal-Weight rating on Paylocity with a price target of $162, up from a prior target of $154. TD Cowen also maintained a Buy rating with a revised price target of $177, reflecting a consistent positive outlook from analysts. The consensus target price for Paylocity stands at $172.6, indicating further growth potential according to analyst opinions.

About Paylocity

Paylocity Holding Corporation is a technology company that offers cloud-based solutions for human capital management, finance, and IT software. The company serves a wide range of businesses across the United States, providing tools to streamline payroll, human resources, and more. The recent investment by Burney Co reflects confidence in Paylocity's growth prospects within the software industry.

Bottom Line

Investors should monitor Paylocity's performance ahead of its next earnings date on November 5, 2026. The recent 13F filing by Burney Co indicates a new investment strategy in the growing technology sector. Note that 13F filings are backward-looking and may not represent the investor's current position.