PCTY ranks #1273 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
PCTY is a disclosed holding of Cliff Asness (AQR Capital Management), one of the tracked superinvestors on AlphaSMO — it makes up 0.1% of that fund's own 13F portfolio.
467 institutions disclose a position in PCTY, but none treat it as a major bet — even Van Berkom & Associates Inc., its most concentrated holder, allocates just 1.9% of its own portfolio to it.
BNP Paribas Financial Markets has added to its PCTY position for two straight quarters, increasing it by $87.4M to reach $88.2M today.
T. Rowe Price has trimmed its PCTY position for two straight quarters, cutting it by $250.5M while still holding $324.6M.
PCTY is down 2.6% today, but institutions show net buying of $790.4M this quarter — a divergence between today's price move and the underlying institutional flow.