Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

PAYLOCITY HLDG CORP (PCTY)

439 + Investors. Track Smart Money conviction in PCTY. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -11
Streak
2Q ▼
Buyers last Q
48%

Smart Money Signals — PCTY

Based on 432 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their PCTY positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (96% of max)

96% of all-time peak
432 hedge funds hold PCTY right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +4% more funds vs a year ago

fund count last 6Q
+15 new funds entered over the past year (+4% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 48% buying

233 buying251 selling
Last quarter: 251 funds reduced or exited vs 233 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
📈

More new buyers each quarter (+12 vs last Q)

new funds entering per quarter
Funds opening a new PCTY position: 79 → 73 → 63 → 75. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

62% of holders stayed for 2+ years

■ 62% conviction (2yr+) ■ 19% medium ■ 18% new
270 out of 432 hedge funds have held PCTY for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~75 new funds/quarter

70 → 79 → 73 → 63 → 75 new funds/Q
New funds entering each quarter: 79 → 73 → 63 → 75. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 68% of holders stayed 2+ years

■ 68% veterans ■ 9% 1-2yr ■ 23% new
Of 439 current holders: 297 (68%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 43% AUM from top-100 funds

43% from top-100 AUM funds
43 of 432 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in PCTY. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Hedge Fund Ownership: PCTY

How many hedge funds hold PCTY — quarterly history vs. share price
Quarterly hedge fund ownership of PCTY vs. share price

Market Analysis: PCTY

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PCTY

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

67 top-rated funds 0 high-conviction
Consensus
8.0
/ 10
breadth
×
Elite
1.8
/ 10
conviction
Hedge Fund Positioning: PCTY
2026 Q1 Stats Unlock in 11 days 439 + Investors

Track Smart Money conviction in PCTY. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 439 449 -2.23%
13F Shares 42M 41M 1.06%
Total Value $6.20B $6.35B -2.5%
New Positions 75 64 +11
Increased Positions 169 169 -
Closed Positions 86 70 +16
Reduced Positions 171 171 -
Total Calls 4 5 -20.0%
Total Puts 3 2 50.0%
PUT/CALL Ratio 0.75 0.4 Neutral

Statistics: PCTY

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

439 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in PCTY. Verified SEC 13F-HR filings.

Top 25 institutional holders of PCTY — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Van Berkom & Associates Inc. 2.20% 616,407 $67K
2 Summit Creek Advisors LLC 1.89% 85,343 $9.2M
3 RIVERBRIDGE PARTNERS LLC 1.22% 462,019 $49.9M
4 Bell Asset Management Ltd 1.04% 32,635 $3.5M
5 WASATCH ADVISORS LP 0.58% 808,012 $87.3M
6 Bronte Capital Management Pty Ltd. 0.39% 36,611 $4.0M
7 Granite Investment Partners, LLC 0.31% 47,320 $5.1M
8 NICHOLAS COMPANY, INC. 0.30% 141,893 $15.3M
9 Yorktown Management & Research Co Inc 0.25% 2,800 $303K
10 HARBOR CAPITAL ADVISORS, INC. 0.25% 28,861 $3K
11 AlphaQuest LLC 0.22% 26,159 $4.0M
12 Oak Thistle LLC 0.21% 20,466 $2.2M
13 Archford Capital Strategies, LLC 0.20% 16,270 $1.8M
14 Boston Trust Walden Corp 0.20% 226,283 $24.4M
15 SEIZERT CAPITAL PARTNERS, LLC 0.18% 36,469 $3.9M
16 BOYD WATTERSON ASSET MANAGEMENT LLC/OH 0.17% 5,150 $556K
17 R Squared Ltd 0.14% 2,433 $263K
18 Lifestyle Asset Management, Inc. 0.10% 2,806 $303K
19 BW Gestao de Investimentos Ltda. 0.09% 25,881 $2.8M
20 Eurizon SLJ Capital Ltd 0.09% 1,793 $195K
21 Hillsdale Investment Management Inc. 0.09% 30,080 $3.2M
22 Peterson Wealth Services 0.09% 3,217 $348K
23 Inscription Capital, LLC 0.07% 6,019 $650K
24 Assenagon Asset Management S.A. 0.07% 410,728 $44.4M
25 Kera Capital Partners, Inc. 0.06% 4,554 $492K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — PAYLOCITY HLDG CORP (PCTY)

What does the Smart Money Trend signal show for PCTY?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their PCTY positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for PCTY?

More sellers than buyers — 48% buying: Last quarter: 251 funds reduced or exited vs 233 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for PCTY holders?

Elite ownership — 43% AUM from top-100 funds: 43 of 432 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in PCTY. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held PCTY?

62% of holders stayed for 2+ years: 270 out of 432 hedge funds have held PCTY for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.