Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Paylocity Holding Corporation reported third-quarter fiscal 2026 results showing continued momentum with recurring and other revenue reaching $469.9 million, up 11.6% year-over-year, surpassing the high end of guidance by $7.4 million.</li><li>Total revenue rose 10.5% versus the same period last year, assisted by strong sales and operational execution and a favorable market demand environment.</li><li>The company also raised its full-year fiscal 2026 guidance, now targeting recurring and other revenue between $1.638 billion to $1.643 billion, representing 11% to 12% growth, and adjusted EBITDA between $638 million to $642 million.</li></ul>

Paylocity Holding Corporation reported third-quarter fiscal 2026 results showing continued momentum with recurring and other revenue reaching $469.9 million, up 11.6% year-over-year, surpassing the high end of guidance by $7.4 million.Total revenue rose 10.5% versus the same period last year, assisted by strong sales and operational execution and a favorable market demand environment.The company also raised its full-year fiscal 2026 guidance, now targeting recurring and other revenue between $1.638 billion to $1.643 billion, representing 11% to 12% growth, and adjusted EBITDA between $638 million to $642 million.

Paylocity’s $1 Billion Buyback: Can AI And HCM Momentum Keep Driving Growth?

<ul><li>Paylocity has entered a notable new phase in its platform expansion strategy with the announcement that it is acquiring Grayscale Labs, an AI-powered recruiting automation company focused on high-volume hiring.</li><li>The move comes at a time when Paylocity is already posting strong operating momentum, with fiscal second-quarter 2026 total revenue rising 10% to $416.1 million, recurring and other revenue up 11%, and management raising full-year guidance after another solid selling season.</li><li>Against that backdrop, the Grayscale acquisition appears less like a defensive purchase and more like a targeted extension of Paylocity’s broader effort to embed AI across HR, Finance, and IT workflows.</li></ul>

Paylocity has entered a notable new phase in its platform expansion strategy with the announcement that it is acquiring Grayscale Labs, an AI-powered recruiting automation company focused on high-volume hiring.The move comes at a time when Paylocity is already posting strong operating momentum, with fiscal second-quarter 2026 total revenue rising 10% to $416.1 million, recurring and other revenue up 11%, and management raising full-year guidance after another solid selling season.Against that backdrop, the Grayscale acquisition appears less like a defensive purchase and more like a targeted extension of Paylocity’s broader effort to embed AI across HR, Finance, and IT workflows.

Paylocity Takeover Twist: Why This AI Hiring Bet Might Change Everything!

<ul><li>Paylocity Holding Corporation reported solid results for the second quarter of fiscal 2026, demonstrating steady growth and operational efficiency improvements.</li><li>Total revenue increased by 10% year-over-year to $416.1 million, with recurring and other revenue growing by 11%.</li><li>This performance exceeded the company's midpoint revenue guidance by $8.1 million, prompting an upward revision in its full-year guidance.</li></ul>

Paylocity Holding Corporation reported solid results for the second quarter of fiscal 2026, demonstrating steady growth and operational efficiency improvements.Total revenue increased by 10% year-over-year to $416.1 million, with recurring and other revenue growing by 11%.This performance exceeded the company's midpoint revenue guidance by $8.1 million, prompting an upward revision in its full-year guidance.

Paylocity: Field Execution & Product Depth—The Formula Strengthening Broker Partnerships!

<ul><li>Paylocity Holding Corporation has reported a solid financial performance for the first quarter of fiscal year 2026, reflecting a consistent trajectory of growth and innovation.</li><li>Total revenue for the quarter was recorded at $408.2 million, marking a substantial 12% increase compared to the previous year, primarily driven by a 14% rise in recurring and other revenue streams.</li><li>The company's commitment to innovation, particularly in AI and workforce management, was underscored by the launch of Paylocity for Finance.</li></ul>

Paylocity Holding Corporation has reported a solid financial performance for the first quarter of fiscal year 2026, reflecting a consistent trajectory of growth and innovation.Total revenue for the quarter was recorded at $408.2 million, marking a substantial 12% increase compared to the previous year, primarily driven by a 14% rise in recurring and other revenue streams.The company's commitment to innovation, particularly in AI and workforce management, was underscored by the launch of Paylocity for Finance.

Paylocity Unveils a Bold New Era With Airbase — How Big Could Its Finance and IT Expansion Really Become?

<ul><li>Paylocity Holding Corporation reported its financial results for the fourth quarter and fiscal year ending June 30, 2025, marking a noteworthy performance amid stable market conditions.</li><li>The company showcased strong growth metrics alongside notable investments in research and development, aiming to maintain its competitive positioning in the Human Capital Management (HCM) market.</li><li>In fiscal 2025, Paylocity achieved 15% growth in recurring revenue and a 14% increase in total revenue, reaching $1.6 billion.</li></ul>

Paylocity Holding Corporation reported its financial results for the fourth quarter and fiscal year ending June 30, 2025, marking a noteworthy performance amid stable market conditions.The company showcased strong growth metrics alongside notable investments in research and development, aiming to maintain its competitive positioning in the Human Capital Management (HCM) market.In fiscal 2025, Paylocity achieved 15% growth in recurring revenue and a 14% increase in total revenue, reaching $1.6 billion.

Paylocity Holding: Acquisition & Integration Strategy

United States

Paylocity Holding Corporation is a provider of cloud-based payroll and human capital management, or HCM, software solutions for medium-sized organizations.

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Paylocity Holding (PCTY US)

Paylocity’s $1 Billion Buyback: Can AI And HCM Momentum Keep Driving Growth?

Paylocity Holding Corporation reported third-quarter fiscal 2026 results showing continued momentum with recurring and other revenue reaching...

Baptista Research

Paylocity Takeover Twist: Why This AI Hiring Bet Might Change Everything!

Paylocity has entered a notable new phase in its platform expansion strategy with the announcement that it is acquiring Grayscale Labs, an...

Baptista Research

Paylocity: Field Execution & Product Depth—The Formula Strengthening Broker Partnerships!

Paylocity Holding Corporation reported solid results for the second quarter of fiscal 2026, demonstrating steady growth and operational efficiency...

Baptista Research

Paylocity Unveils a Bold New Era With Airbase — How Big Could Its Finance and IT Expansion Really Become?

Paylocity Holding Corporation has reported a solid financial performance for the first quarter of fiscal year 2026, reflecting a consistent...

Baptista Research

Paylocity Holding: Acquisition & Integration Strategy

Paylocity Holding Corporation reported its financial results for the fourth quarter and fiscal year ending June 30, 2025, marking a noteworthy...

Baptista Research

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