13FPulse
PC

PCTY PAYLOCITY HOLDING CORP

2026Q2 · CUSIP 70438V106 · Enterprise Software · Sector: Technology

Normal

Fund flows are within the usual range

Funds that own it
455
Institutions that reported holding it to the SEC
Net increase in holders
+15
Last quarter 440 → now 455
How unusual is that
Above average
Stronger buying than 78% of US stocks
What the filings say, in one paragraph

455 funds held PCTY at the end of 2026Q2, up 15 from the quarter before. Fund flows are within the usual range — nothing unusual. On the business itself, revenue over the last 12 months was $1.8B(YoY +11.0%), the P/E is 32.6x, return on equity is 22.1%. PCTY has had 15 buying rushes in its history, and the price moved +2.1% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Technology sector, tagged Enterprise Software.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2014Q2: holders=65 2014Q3: holders=62 2014Q4: holders=86 2015Q1: holders=82 2015Q2: holders=102 2015Q3: holders=114 2015Q4: holders=121 2016Q1: holders=116 2016Q2: holders=125 2016Q3: holders=131 2016Q4: holders=134 2017Q1: holders=126 2017Q2: holders=146 2017Q3: holders=148 2017Q4: holders=157 2018Q1: holders=162 2018Q2: holders=167 2018Q3: holders=202 2018Q4: holders=186 2019Q1: holders=225 2019Q2: holders=257 2019Q3: holders=255 2019Q4: holders=260 2020Q1: holders=269 2020Q2: holders=277 2020Q3: holders=286 2020Q4: holders=313 2021Q1: holders=304 2021Q2: holders=297 2021Q3: holders=333 2021Q4: holders=352 2022Q1: holders=346 2022Q2: holders=337 2022Q3: holders=384 2022Q4: holders=441 2023Q1: holders=440 2023Q2: holders=436 2023Q3: holders=444 2023Q4: holders=434 2024Q1: holders=414 2024Q2: holders=456 2024Q3: holders=429 2024Q4: holders=455 2025Q1: holders=468 2025Q2: holders=489 2025Q3: holders=482 2025Q4: holders=462 2026Q1: holders=440 2026Q2: holders=455 -57 -28.5 +0 +28.5 +57 55285514 14Q215Q417Q218Q420Q221Q423Q224Q426Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 15 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2025Q2 Top 20% -14.1% -16.9%
2025Q1 Top 20% -8.2% -11.2%
2024Q2 Top 5% +8.7% +33.6%
2022Q4 Top 10% -6.7% -17.1%
2022Q3 Top 1% in the market -10.0% -4.3%
2021Q3 Top 5% -15.8% -25.2%
2020Q1 Top 10% +28.6% +11.4%
2019Q2 Top 5% -9.5% +4.9%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
211
Change in large funds
+8
Total value they hold
$4.8B
Funds buying for the first time
84
Funds that sold out entirely
69
Price change that quarter
+41.8%
Funds holding puts (bearish)
3
Funds holding calls (bullish)
4

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
32.6
EPS (TTM)
$4.92
EPS YoY
+22.4%
Revenue (TTM)
$1.8B
Revenue YoY
+11.0%
Net margin
15.2%
ROE
22.1%
Debt ratio
75.0%
FCF (TTM)
$497M
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2021-09-30: EPS 0.55 2021-12-31: EPS 0.17 2022-03-31: EPS 0.62 2022-06-30: EPS 0.27 2022-09-30: EPS 0.54 2022-12-31: EPS 0.28 2023-03-31: EPS 1.02 2023-06-30: EPS 0.65 2023-09-30: EPS 0.61 2023-12-31: EPS 0.67 2024-03-31: EPS 1.50 2024-06-30: EPS 0.85 2024-09-30: EPS 0.88 2024-12-31: EPS 0.66 2025-03-31: EPS 1.61 2025-06-30: EPS 0.87 2025-09-30: EPS 0.86 2025-12-31: EPS 0.92 2026-03-31: EPS 2.05 2026-06-30: EPS 1.09 0M 251M 502M $M 0.00 1.13 2.26 2016201720182019202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 51 21 99 177 20222023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-7M101M210M 20162017201820192020202120222023202420252026
Latest quarter $210M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.