SCHEDULE: T. Rowe Price Reports 2.4% Stake in Paylocity

T. Rowe Price Associates, Inc. has filed an amended Schedule 13G, disclosing a 2.4% beneficial ownership stake in Paylocity Holding Corp.

Summary

• T. Rowe Price Associates, Inc. reported beneficial ownership of 1,348,890 shares of Paylocity Holding Corp. common stock.
• This represents 2.4% of the issuer's class of securities.
• T. Rowe Price Associates, Inc. holds sole voting power over 1,283,094 shares and sole dispositive power over 1,348,638 shares.
• The filing is an Amendment No. 10 to a Schedule 13G.
• T. Rowe Price Associates, Inc. is classified as an Investment Adviser (IA).

Sentiment

Score: 5

Explanation: Neutral, as this is a routine beneficial ownership disclosure by an institutional investor. The 2.4% stake is not a controlling interest, and the filing explicitly states it's not for control purposes.

Future Outlook

NA

Management Comments

• T. Rowe Price Associates, Inc. certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of Paylocity Holding Corp.
• T. Rowe Price Associates, Inc. expressly denies beneficial ownership of the securities referred to in the filing.

Industry Context

NA

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holding in Paylocity Holding Corp.

Key Dates

Keywords

Paylocity Holding Corp, T. Rowe Price Associates, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, Institutional Investor