BlackRock Amends Paylocity Stake, Maintains Institutional Confidence
Ticker: PCTY · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 1591698
| Field | Detail |
|---|---|
| Company | Paylocity Holding Corp (PCTY) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still owns Paylocity stock, good sign for investors!**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 26, 2024, disclosing its ownership in Paylocity Holding Corp's Common Stock as of December 31, 2023. This filing, an amendment number 4, indicates BlackRock continues to be a significant institutional holder, which can provide a sense of stability and institutional confidence for current and prospective investors in Paylocity Holding Corp.
Why It Matters
This filing shows that a major institutional investor like BlackRock still holds a substantial position in Paylocity, signaling continued confidence in the company's prospects.
Risk Assessment
Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate negative or positive risks.
Analyst Insight
Investors should note BlackRock's continued presence as a significant holder, which can be a positive signal, but should also conduct their own due diligence on Paylocity's fundamentals and future prospects.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- Paylocity Holding Corp (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A amendment
- 70438V106 (other) — the CUSIP number for Paylocity Holding Corp's Common Stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and '(Amendment No: 4)' in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.' in the filing.
What is the subject company whose securities are being reported?
The subject company is Paylocity Holding Corp, identified under 'SUBJECT COMPANY: COMPANY CONFORMED NAME: Paylocity Holding Corp' and '(Name of Issuer) Paylocity Holding Corp'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Paylocity Holding Corp is 70438V106, as listed under '(CUSIP Number) 70438V106'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding Paylocity Holding Corp (PCTY).