Track market-moving stories before they get noisy

ATCHISON, Kan.--(BUSINESS WIRE)--MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, today reported results for the first quarter ended March 31, 2026. “I'm pleased with our first quarter results, as sales were in-line with expectations, while adjusted EBITDA and adjusted basic EPS came in ahead of our plans. During the quarter, we remained focused on disciplined execution and long-term value creation, as we continued to navig.

MGP Ingredients, Inc. (MGPI) Q1 2026 Earnings Call Transcript

Penelope Bourbon Unveils Architects of Golf PR Newswire ST. LOUIS, May 13, 2026 A l

The newest release arrives just in time for summer to elevate at-home gatherings 

, /PRNewswire/ -- Summer is here for Penelope Bourbon, one of the fastest-growing premium whiskey brands today, as it introduces Blackberry Old Fashioned, the newest addition to its collection of award-winning ready-to-pour cocktails.

Penelope Bourbon Expands Ready-to-Pour Lineup with Blackberry Old Fashioned Crafted for easy enjoyment, from backyard gatherings to relaxed evenings with friends, Penelope Blackberry Old Fashioned features a blend of straight bourbon and rye whiskey, orange bitters, and blackberry simple syrup for a vibrant, fruit-forward take on the classic cocktail. The new offering continues the brand's focus on delivering convenient, high-quality cocktail experiences while maintaining a bar-quality profile suited for any occasion.

"We're continuing to see consumers gravitate toward elevated ready-to-pour cocktails that deliver on both quality and convenience," said Michael Paladini, Founder and Vice President of Strategy at Penelope Bourbon. "Our Blackberry Old Fashioned brings a fresh, fruit-forward element to a timeless cocktail while staying rooted in the whiskey character that defines Penelope."

Bottled at 76 proof, Penelope Blackberry Old Fashioned balances bright berry notes with layers of vanilla, oak, citrus, and warm spice. Designed to be served simply over ice, the cocktail offers an approachable and consistent experience suited for a variety of occasions.

"An Old Fashioned is one of those cocktails people already know and love, so we wanted to put our own spin on it in a way that still felt approachable and true to Penelope," said Danny Polise, Founder and Master Blender of Penelope Bourbon. "The blackberry brings a fresh and familiar layer without taking away from the bourbon and rye at the core. You still get that classic foundation with a little something unexpected. It's balanced, easy to drink, and keeps the focus on the whiskey."

Penelope Blackberry Old Fashioned (SRP $29.99 per bottle) will be available at select retailers nationwide starting this month and is available to purchase at PenelopeBourbon.com.

ABOUT PENELOPE BOURBON
Founded in 2018, Penelope Bourbon has become one of the fastest-growing award-winning premium whiskey brands. We offer a range of uniquely blended and finished straight bourbon and whiskey expressions known for their smoothness and rich flavor, and premium handcrafted ready-to-serve cocktails. Our products have won many spirits industry awards including Best In Class finalist and a Double Gold medal for Toasted at the 2025 San Francisco World Spirits Competition. Wheated earned a Double Platinum medal and Peach Old Fashioned and Black Walnut Old Fashioned ready-to-pour cocktails earned Platinum medals at the 2025 ASCOT Awards. We continue to innovate within our Cooper Series, Limited Releases and Estate Collection to further establish our place among the top premium whiskey brands and prove that with passion, dedication, and love, anything is possible. For more information, visit PenelopeBourbon.com and follow on Facebook, Instagram and TikTok.

ABOUT LUXCO
Founded in St. Louis in 1958 by the Lux family, Luxco is a leading producer, supplier, importer and bottler of beverage alcohol products with a mission to meet the needs and exceed the expectations of consumers, associates and business partners. Luxco operates as MGP Ingredients Inc. (Nasdaq: MGPI) Branded Spirits division since its acquisition in 2021. The company's extensive and award-winning premium portfolio includes brands from four distilleries: Ross & Squibb Distillery in Lawrenceburg, Indiana, where Penelope and Remus bourbon are produced; Bardstown, Kentucky-based Lux Row Distillers, home of Rebel, Ezra Brooks, and Blood Oath bourbons; Lebanon, Kentucky-based Limestone Branch Distillery, maker of Yellowstone Bourbon; and Arandas, Mexico-based Destiladora Gonzalez Lux, producer of 100% agave tequilas including Cortada, El Mayor, Escasa and Exotico. For more information, visit Luxco.com.

SOURCE Penelope Bourbon

On May 29, 2026, MGP Ingredients Inc (MGPI) shares fell 4.7% to a current price of $17.64. This decline is part of a broader trend, with the stock down 26.6% ye

Built on eight years of innovation, Penelope's new portfolio is designed for everyday occasions

, /PRNewswire/ -- Penelope Bourbon announces the launch of its Classic Series and its new expressions: Kentucky Straight Bourbon Whiskey and Straight Rye Whiskey, two foundational whiskeys designed for everyday drinking occasions.

Penelope Bourbon Launches Classic Series, Introducing Kentucky Straight Bourbon Whiskey and Straight Rye Over the past eight years, Penelope has built its reputation through experimentation, blending, and innovation, all with the goal of creating exceptional whiskey experiences that continually bring consumers something new to explore and enjoy. The Classic Series continues that journey, reflecting Penelope's belief that there is always more to discover in the world of bourbon and whiskey.

"Since the beginning, our mission has always been to deliver the best possible whiskey to the consumer with every product we release," said Michael Paladini, Founder and Vice President of Strategy at Penelope Bourbon. "We didn't always follow the traditional playbook, but we always prioritized quality above all else.  We've been talking about and working toward introducing Kentucky Straight Bourbon Whiskey and Straight Rye Whiskey for a long time, but we wanted to make sure they were perfect before releasing them."

Penelope Kentucky Straight Bourbon Whiskey is carefully crafted with a mashbill of 78% corn, 10% rye, and 12% barley malt to deliver a versatile profile that is both approachable for everyday enjoyment and refined enough for whiskey aficionados. On the nose, it opens with aromatics of butterscotch, vanilla bean, candied orange, and toasted sugar. The palate is smooth and layered with notes of brown sugar, honeyed corn, cinnamon, and creamy mint, and finishes with warm and lingering sweetness of caramel and dark chocolate with warm spice. Notably, this release also marks a meaningful milestone for the brand, representing the first time Penelope has worked at scale with distillate from Kentucky.

Complementing the bourbon, Penelope Straight Rye features a refined, approachable spice profile with layered complexity. Distilled in Indiana with a mashbill of 93% rye and 7% malted barley, it opens with bright aromatics of spearmint and citrus zest, a body of rye spice and caramelized sugar, and a lingering, balanced finish, delivering character without overpowering the palate.

"These expressions have been in development for a while," said Danny Polise, Founder and Master Blender of Penelope Bourbon. "Using Kentucky distillate for the bourbon, like we've done in past blends, felt like a natural step as we worked to create something we genuinely liked. We kept dialing in the blends until they felt right, especially with the Straight Rye release."

Both expressions are bottled at 92 proof and crafted to appeal to a wide spectrum of drinkers, reflecting Penelope's commitment to quality, innovation, and modern craftsmanship. By leveraging its innovation-first approach, Penelope is demonstrating a new kind of credibility: one rooted in hands-on expertise, curiosity, and a willingness to push boundaries before refining tradition.

Penelope Kentucky Straight Bourbon Whiskey (SRP $44.99) and Penelope Straight Rye Whiskey (SRP $34.99) will be available in select markets starting this month, with nationwide availability to follow.

ABOUT PENELOPE BOURBON
Founded in 2018, Penelope Bourbon has become one of the fastest-growing, award-winning premium whiskey brands. We offer a range of uniquely blended and finished straight bourbon and whiskey expressions known for their smoothness and rich flavor, and premium handcrafted ready-to-serve cocktails. Our products have won many spirits industry awards including Best in Class finalist and a Double Gold medal for Toasted at the 2025 San Francisco World Spirits Competition. Wheated earned a Double Platinum medal and Peach Old Fashioned and Black Walnut Old Fashioned ready-to-pour cocktails earned Platinum medals at the 2025 ASCOT Awards. We continue to innovate within our Cooper Series, Limited Releases and Estate Collection to further establish our place among the top premium whiskey brands and prove that with passion, dedication, and love, anything is possible. For more information, visit PenelopeBourbon.com and follow on Facebook, Instagram and TikTok.

ABOUT LUXCO
Founded in St. Louis in 1958 by the Lux family, Luxco is a leading producer, supplier, importer and bottler of beverage alcohol products with a mission to meet the needs and exceed the expectations of consumers, associates and business partners. Luxco has operated as MGP Ingredients Inc. (Nasdaq: MGPI) Branded Spirits division since its acquisition in 2021. The company's extensive and award-winning premium portfolio includes brands from four distilleries: Ross & Squibb Distillery in Lawrenceburg, Indiana, where Penelope and Remus bourbon are produced; Bardstown, Kentucky-based Lux Row Distillers, home of Rebel, Ezra Brooks, and Blood Oath bourbons; Lebanon, Kentucky-based Limestone Branch Distillery, maker of Yellowstone Bourbon; and Arandas, Mexico-based Destiladora Gonzalez Lux, producer of 100% agave tequilas including Cortada, El Mayor, Escasa and Exotico. For more information, visit Luxco.com.

SOURCE Penelope Bourbon

NEW YORK--(BUSINESS WIRE)--FOX Sports, America's English-language home for the FIFA World Cup 2026™ and the world's top international soccer tournaments, and iHeartMedia, the #1 audio company in America, today announced FOX Sports' thrilling network call of every FIFA World Cup 2026™ match will reach iHeartMedia's leading sports audio audience across broadcast radio and digital streaming, beginning with the opening match on Thursday, June 11, through the FIFA World Cup 2026™ Final on Sunday, Ju.

CleanTech Lithium PLC (AIM:CTL), the AIM-listed Chilean lithium brine developer, has attracted a 'speculative buy' recommendation and 22p target price from Fox-Davies Capital, implying significant upside from the current share price of 8p.

The broker argues the stock is deeply undervalued following two transformative milestones.

They are the agreement of a 40-year CEOL (Contrato Especial de Operación de Litio, a special lithium operating contract granting the exclusive right to extract, produce and sell lithium from a specific salt flat) with the Chilean government in March, and the publication of a pre-feasibility study confirming robust economics at the flagship Laguna Verde project.

The PFS, led by engineering group Worley, established an after-tax net present value of $959 million at an 8% discount rate, a post-tax internal rate of return of 21.2%, and a payback period of roughly four years from first production.

The study outlined a 15,000 tonnes per annum lithium carbonate operation over a 25-year mine life, with initial capital expenditure of $748 million and operating costs of $5,768 per tonne, placing the project in the lowest-cost quartile globally for direct lithium extraction (DLE, a technology that selectively captures lithium from brine without the need for traditional evaporation ponds).

CleanTech trades at roughly $6.9 per tonne of enterprise value to resource across its combined 2.82 million tonne lithium carbonate equivalent resource base, representing a 98% discount to the PFS net present value and a 75% discount to the peer median of $27.3 per tonne.

Fox-Davies views the announcement of a strategic partner as the single most important catalyst, with proposals sought by the end of June and finalisation targeted for the third quarter.

The broker expects strong interest given recent deal activity in the lithium sector, including Huayou's acquisition of Atlantic Lithium.

A planned dual listing on the ASX could provide a further liquidity-driven uplift to 24p, with the Australian market continuing to value Latin American brine projects at significantly higher multiples than London.

The CEOL awaits final administrative ratification by Chile's Comptroller General, expected in the second quarter. Fox-Davies rates this risk as low, noting the Comptroller cannot alter agreed terms and two prior CEOLs have been ratified without issue.

Key risks include the $748 million capital requirement for a company with a market capitalisation of just £15.8 million, convertible loan notes maturing in June 2026, and the fact that DLE technology at this specific scale and cost structure remains commercially unproven, though the commissioning of Eramet's Centenario project in Argentina provides a relevant precedent.

Even at 80% of the base case lithium price, the project retains an after-tax net present value of roughly $546 million, approximately 20 times the current market capitalisation.

Among the live sports and entertainment shows that carried media companies' presentations to advertisers this week, another pitch kept popping up: creator content.

The category of videos, which can amass millions of views on Google's YouTube and other social media platforms, is increasingly sharing the stage with traditional Hollywood offerings during the annual presentations known as "upfronts."

Creator content is already taking a big share of advertiser dollars. In 2025, advertiser spending on the genre reached $37 billion, according to a recent report from the Interactive Advertising Bureau. This year, it's expected to reach $44 billion, the report found.

"They are this generation's storytellers, tastemakers and stars, producing the most relevant and engaging programming on the planet," said Brian Albert, managing director of YouTube Solutions. "And advertisers have recognized that they don't just have large audiences, they have communities that trust them. It's why they want to partner with them now, more so than ever."

The shift to streaming over traditional TV has led sports, especially the NFL, as well as live events to beckon the highest ad rates — especially when media companies are paying hefty premiums for the live rights.

With streaming, however, advertisers get more bang for their buck, industry executives have told CNBC. That's true whether it's a simulcast sporting event on streaming platforms or the exclusive rights to video podcasts or children's programs like "Ms. Rachel."

Those economics — combined with the need to capture elusive, younger audiences — are spurring demand for ad-supported inventory, and opening the door to more creator-led content on traditional platforms.

YouTube claims the biggest share of streaming viewership, per Nielsen's monthly reports known as "The Gauge." As of February, the platform accounted for 12.7% of streaming viewership, with Netflix coming in second at 8.4%.

The company hosted its pitch to advertisers — what it calls its Brandcast — on Wednesday, featuring personalities like YouTuber Jesse "Jesser" Riedel, comedian Trevor Noah and podcast host Alex Cooper.

watch now

While digital stars are commonplace in YouTube's realm, this year they played a larger role even at traditional media and streaming companies. Warner Bros. Discovery, Fox Corp. and Amazon's Prime Video were among the companies that noted the integration of creator content on their platforms.

"Where there used to be a distinct difference between studio-led content and creator content, it's merging into a singular view," said Julie Clark, longtime ad industry executive and senior vice president of media and entertainment at TransUnion.

"If you look at the rise of things like long-form video podcasts, to quick-hitting tutorials, there is an understanding that the content landscape has shifted dramatically," she added. "This is absolutely changing how upfronts are contemplated and activated."

Legacy media creatorsLast year, it was video podcasts making their way to more upfront stages — an early indicator that viral online content was joining the traditional fray.

"The landscape has changed so much over the past year. Podcasting is now pretty 360, meaning you get some of your content watching long-form on video platforms, and then a lot of people are starting to consume more short and mid-form on social platforms," said Angie More, head of creator advertising partnerships at Amazon.

"We're seeing creators want to take advantage of reaching their audiences everywhere," More said.

Amazon once again highlighted a major video podcast deal at its presentation this week. Oprah Winfrey took the stage to promote her recent multiyear deal with Amazon's Wondery to distribute "The Oprah Podcast" on both audio and video. The deal also includes the rights to a library of her past content.

For companies like Fox and Warner Bros. Discovery, which have long histories of studio-made content, they've begun to lean into creator content through personalities that are already mainstays on their platforms — particularly those in unscripted food and home improvement shows.

WBD has been working with creators and influencers for years, said Karen Bronzo, chief global marketing officer for U.S. networks and news at WBD, in an interview.

Bronzo noted that this sort of programming has become a bigger part of the conversation for media companies and advertisers. She said working with online personalities allows traditional networks to expand their reach — and allows marketers to tap into expansive fanbases, which are often paying close attention to their favorite personalities and brands.

"When you're experiencing the content from a creator, you do feel it is personal. It is a much more, sort of, one-to-one relationship and a different kind of connection," said Bronzo.

During WBD's upfront presentation on Wednesday, Bronzo said the company's lineup for The Food Network is further expanding into YouTube originals, with a new series featuring chef Esther Choi coming to the network's social media channel. Besides The Food Network, HGTV home improvement series and the "Puppy Bowl" — the annual Super Bowl-adjacent dog show — have been ripe for generating such content.

Fox has similarly found an entry point into the creator ecosystem via food. Earlier this year, the company launched Fox Creator Studios, with a focus on food content. The effort is led by chefs already on the Fox roster, including Gordon Ramsay.

Ramsay took the stage of Fox's upfront pitch on Monday, alongside NFL legend Tom Brady and stars of network entertainment shows, to tout his series on Fox and the Creator Studios.

Fox has focused much of it streaming effort on its free, ad-supported service, Tubi, which has been inking agreements with YouTube personalities to create content specifically for the streamer. In turn, those creators are bringing their followings over from the social media platform.

In particular, Tubi has attracted the Gen Z audience, a key demographic for advertisers looking to reach younger consumers who don't tune into traditional media outlets as often. The Fox-owned streamer also launched Tubi for Creators, and has been looking to provide creators a pathway to Hollywood, CNBC previously reported.

Tubi hosted its own presentation for advertisers in late March, ushering creators onto the stage, including YouTube's Jesser.

The platform has since announced various creator-led partnerships, including an exclusive soccer-focused series led by Jesser that premiered on Friday.

Correction: This story has been updated to correct that Oprah Winfrey struck a podcast deal with Amazon's Wondery. A previous version misidentified which division of Amazon did the deal.

Fox (FOXA) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Courtesy of FOX (PRNewsfoto/FOX Sports)

Fox Corporation Logo (PRNewsfoto/Fox Corporation) Company Commits $500,000 to Boys & Girls Clubs of America to Grow Access to Soccer, Train Coaches and Advance Workforce Readiness for Club Teens

WATCH HERE: Alexi Lalas, Brian Kilmeade Unveil $500,000 Commitment to Boys & Girls Club of America Live on FOX & FRIENDS

, /PRNewswire/ -- FOX Sports, America's English-language home for the FIFA World Cup 2026™, and Fox Corporation today announced community impact initiatives leading up to the anticipated tournament underscored with a $500,000 commitment to Boys & Girls Clubs of America (BGCA).

The investment expands FOX Sports' dedication to growing access to soccer for youth and is part of a broader, multi-year community impact platform collaboration with BGCA and nonprofit organization, Common Goal, designed to create lasting opportunity for young people through soccer across the United States.

"As FOX Sports prepares to present the largest FIFA World Cup™ in history, we have a unique opportunity to ensure the tournament's legacy is measured not only by unforgettable moments on the pitch, but by the lasting impact it creates in communities nationwide," said Eric Shanks, CEO and Executive Producer, FOX Sports. "We are honored to support the efforts of Boys & Girls Clubs of America, Common Goal, U.S. Soccer Foundation and others to expand access to soccer and create opportunities for the next generation both on and off the field."

The $500,000 investment will support youth soccer programming offered by BGCA, expanding access to the sport and creating new opportunities for young athletes nationwide. The legacy commitment is expected to engage more than 26,000 new youth across the country, while helping to train coaches and create job opportunities for Club teens as referees. The donation also enables local clubs nationwide to host Soccer Forward Fests, community-based events designed by U.S. Soccer to celebrate and deepen engagement in the sport.

"Soccer can open up new opportunities for youth and this collaboration with FOX Sports will allow us to support young athletes across the country," said Jim Clark, President and CEO of Boys & Girls Clubs of America. "This monumental donation will allow us to uplevel our support for players, coaches, referees and more, contributing to their success on and off the soccer field."

Building on its efforts from FIFA World Cup Qatar 2022™ and FIFA Women's World Cup Australia & New Zealand 2023™, FOX Sports is expanding its community initiatives ahead of the 2026 tournament through a growing ecosystem of impact organizations including Common Goal, U.S. Soccer Foundation, and its own long running FOX Sports University program. These combined efforts will increase access to the game, support mental health and create pathways for the next generation of players and professionals. FOX Sports is the only national broadcaster to take Common Goal's 1% pledge, committing one percent of its tournament coverage since 2022 to tell the story of soccer for social good across its platforms.

Together with Common Goal, FOX Sports will continue using the power of soccer to drive positive social impact through initiatives focused on inclusion, well-being and access to the game. This includes the company's commitment to the next chapter of "Create the Space," the mental health initiative led by Common Goal and launched in 2023 together with U.S. Women's National Team defender Naomi Girma and FOX Sports and Fox Corporation during the FIFA Women's World Cup 2023™. The initiative delivers youth-focused mental wellness training programs to soccer-based youth organizations across North America and the Caribbean, equipping the next generation with the tools to thrive both on and off the field.

"I'm proud of the work we've been able to accomplish at Common Goal to bring more awareness around how mental health impacts athletes. This support from FOX Sports and Fox Corporation allows us to make even stronger and more meaningful impact and change for good," said Girma.

FOX Sports is also further investing in the future workforce of sports through FOX Sports University, a longstanding program that connects college students with real-world experience and career pathways in the industry. Now in its 19th year, the program reaches dozens of universities across the country and more than 500 students annually. Leading up to FIFA World Cup 2026™, FOX Sports University partnered with 20 colleges on FIFA World Cup™-focused programming featuring a "World Cup of FOX Sports U" competition and nationwide campus speaker series with FOX Sports broadcasters, executives and leaders in the world of soccer.

FOX Sports' expanded community impact platform reflects a long-term commitment to leveraging the power of sport to create meaningful change. Together with Fox Corporation and nonprofit organizations across the country, the company remains focused on building a lasting legacy that extends well beyond the tournament and helps shape the future of soccer in the United States.

For more information, visit FOX Sports Press Pass, and follow @FOXSportsPR.

About FOX Sports
FOX Sports is the umbrella entity representing Fox Corporation's wide array of multi-platform US-based sports assets. Built with brands capable of reaching more than 100 million viewers in a single weekend, the business has ownership and interests in linear television networks, digital and mobile programming, broadband platforms, multiple web sites, joint-venture businesses and several licensing relationships. FOX Sports includes the sports television arm of the FOX Network; FS1, FS2, FOX Soccer Plus and FOX Deportes. FOX Sports' digital properties include the FOX Sports App and FOXSports.com, which provides instant scores, stats and stories from across the sports world. Live streaming video of FOX Sports content is available via FOX One, Fox Corporation's wholly owned, direct to consumer streaming service. Also included in FOX Sports' portfolio are FOX's interests in joint-venture businesses Big Ten Network and the UFL and a licensing agreement that established the FOX Sports Radio Network.

About Boys & Girls Clubs of America
For more than 160 years, Boys & Girls Clubs of America (BGCA.org) has provided a safe place for kids and teens to learn and grow. Clubs offer caring adult mentors, fun and friendship, and high-impact youth development programs on a daily basis during critical non-school hours. Boys & Girls Clubs programming promotes academic success, good character and leadership, and healthy lifestyles. More than 5,500 Clubs serve over 4 million young people through Club membership and community outreach. Learn more at BGCA.org and on social media.

About Common Goal
Common Goal has pioneered the football for good movement by connecting community organizations, amplifying proven approaches, and mobilizing collective action within and beyond soccer. Today, Common Goal brings together soccer's biggest impact collective - a global community of more than 200 best-in-class organizations across 117 countries, unlocking opportunities for over 3.6 million young people every year.

SOURCE Fox Corporation

Agreement Features Thursday Night Football, Sunday Games Package, Thanksgiving Day Games, all NFC Playoff Matchups, the Pro Bowl Games and Super Bowl

FOX to Deliver Live Games and Hundreds of Hours of Football Content for Fans in Mexico

, /PRNewswire/ -- Fox Corporation (NASDAQ: FOX, FOXA; "FOX" or the "Company") and the NFL today announced a new multi-year agreement to bring football to FOX platforms in Mexico. Starting with the 2026 season, viewers in Mexico will be able to experience NFL content including live games, together with original production and specialized content designed to accompany them throughout the entire season.

The NFL on FOX in Mexico will include, each year:

Thursday Night Football Sunday Regular Season Games Each Week Thanksgiving Games All NFC Playoff Games The NFL Pro Bowl Games The Super Bowl FOX will bring Mexican audiences a complete NFL experience through all its distribution platforms: FOX and FOX+ on linear TV, streaming on FOX One and select content on FOX on Tubi.

In addition to live games, FOX will complement its coverage with four weekly original programs dedicated to the NFL, developed especially to connect with fans in Mexico, including two editions of a fantasy football-focused show every week. These series will seek to expand the conversation around the League with analysis, entertainment, current events and formats created to accompany Mexican audiences beyond gameday.

"For FOX, this alliance with the NFL reinforces our historic relationship with one of the most exciting leagues in the world and our commitment to bringing the best sports content to our viewers. Mexico is a market with an enormous passion for football, and we are proud to offer fans a sizeable NFL package in the country, with a robust content experience, designed to engage audiences throughout the entire year," said Carlos Martínez, EVP FOX Latin America.

"We are excited to strengthen our relationship with FOX and expand access to NFL content for fans in Mexico. The passion for football continues to grow in the country, and this alliance will enable us to connect with audiences through broad coverage, original content and a compelling season-long experience," said Arturo Olive, NFL Mexico Director General.

With this announcement, FOX reaffirms its commitment to continue building a premium, relevant and differentiated sports offering for Mexico through its FOX Latin America division. The NFL on FOX will mark a new era for football in the country: more games, more stories and more ways to experience the excitement of the game every week.

About Fox Corporation

Fox Corporation produces and distributes compelling news, sports, and entertainment content through its primary iconic domestic brands, including FOX News Media, FOX Sports, Tubi Media Group, FOX Entertainment and FOX Television Stations. These brands hold cultural significance with consumers and commercial importance for distributors and advertisers. The breadth and depth of our footprint allows us to deliver content that engages and informs audiences, develop deeper consumer relationships, and create more compelling product offerings. FOX maintains an impressive track record of news, sports, and entertainment industry success that shapes our strategy to capitalize on existing strengths and invest in new initiatives. For more information about Fox Corporation, please visit www.FoxCorporation.com.

SOURCE Fox Corporation

HomeIndustriesViewership for previous World Cup finals was only a little higher than for a strong Monday Night Football game, but with matches on U.S. soil, media executives are hopeful this will be the year soccer breaks throughPublished: June 9, 2026 at 12:31 p.m. ET

Fox drew a record U.S. audience to its broadcast of the 2022 World Cup final and is hopeful that this year’s tournament — with the U.S. as a host country — will be even better. Photo: Buda Mendes/Getty ImagesThe last World Cup final, between Argentina and France in 2022, drew a record audience of 1.5 billion viewers around the world. But in the U.S., just 25.8 million watched.

While that was an all-time high for an American audience, with 16.7 million watching on Fox and another 9 million on Telemundo, it was only a little ahead of what would be a strong showing for a Monday Night Football game. The Super Bowl, meanwhile, typically draws an audience five times the size.

    Vancouver, British Columbia – June 9, 2026 - TheNewswire - Fox Tungsten Ltd. (TSXV: FOXT) (“Fox Tungsten” or the “Company”) is pleased to announce it has changed its trading stock symbol in the United States on the OTC Pink Market. The common shares previously listed under the symbol “HPYCF”, will begin trading under the new symbol “FOXTF”, effective today.

  The OTC Pink Market is a U.S. trading platform operated by OTC Markets Group for domestic and international companies. Investors can find current financial disclosure, real-time quotes and market information for the Company at www.otcmarkets.com

  On behalf of the Board of Directors,

  “Stephen Gray”

  President and Chief Executive Officer

  FOR FURTHER INFORMATION, PLEASE CONTACT:

Stephen Gray

  Email: [email protected]

Phone: 416-898-7247

   About Fox Tungsten Ltd.

Fox Tungsten is focused on making new discoveries and building resources in proximity to infrastructure on the Company’s 100-percent-owned portfolio of diversified metals projects in British Columbia.

  Projects include the high-grade Fox Tungsten deposit, the Silverboss molybdenum-copper-gold-silver project adjacent to Glencore’s closed Boss Mountain molybdenum mine and the adjacent Hen-Art-DL gold and silver project.

  Fox Tungsten is committed to responsible mineral resource development.  The Company’s priority is to build and sustain mutually beneficial relationships with Indigenous Communities in the territories in which the Company explores.

  Additional information relating to Fox Tungsten Ltd. may be obtained or viewed on the SEDAR+ website at www.sedarplus.ca or on the Company’s website at www.foxtungsten.com.  

  Forward Looking Statement

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains "forward-looking information" within the meaning of applicable securities laws, including statements that address capital costs, recovery, grade, and timing of work or plans at the Company’s mineral projects. Forward-looking information may be, but not always, identified by the use of words such as "seek", "anticipate", “foresee”, "plan", "planned", "continue", "expect", “thought to”, "project", "predict", "potential", "targeting", "intends", "believe", “opportunity”, “further” and others, or which describes a goal or action, event or result such as "may", "should", "could", "would", "might" or "will" be undertaken, occur or achieved. Statements also include those that address future mineral production, reserve potential, potential size or scale of a mineralized zone, potential expansion of mineralization, potential type(s) of mining, potential grades as well as to Fox Tungsten’s ability to fund ongoing expenditure, or assumptions about future metal or mineral prices, currency exchange rates, metallurgical recoveries and grades, favourable operating conditions, access, political stability, obtaining or renewal of existing or required mineral titles, licenses and permits, labour stability, market conditions, availability of equipment, accuracy of any mineral resources, anticipated costs and expenditures. Assumptions may be based on factors and events that are not within the control of Fox Tungsten and there is no assurance they will prove to be correct. Such forward-looking information involves known and unknown risks, which may cause the actual results to materially differ, and/or any future results expressed or implied by such forward-looking information. Additional information on risks and uncertainties can be found within Financial Statements, Prospectus and other materials found on the Company’s SEDAR profile at www.sedarplus.ca. Although Fox Tungsten has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Fox Tungsten withholds any obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by law.

 

A month has gone by since the last earnings report for Fox (FOXA - Free Report) . Shares have added about 3.3% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Fox due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.

FOXA Q3 Earnings Surpass Estimates, Revenues Decline Y/YFox Corporation reported third quarter fiscal 2026 adjusted earnings of $1.32 per share, which surpassed the Zacks Consensus Estimate by 29.41%. The figure increased 20% year over year.

Revenues declined 9% year over year to $3.99 billion, surpassing the consensus mark by 5.3%.

Distribution revenues (52.8% of total revenues) increased 3% year over year to $2.11 billion, driven by 5% growth at the Cable Network Programming segment, partially offset by a 1% decline at the Television segment.

Advertising revenues (38.9% of total revenues) declined 24% year over year to $1.56 billion, primarily due to the absence of the prior year broadcast of Super Bowl LIX, partially offset by the broadcast of an additional NFL Wild Card game and continued digital growth led by the Tubi AVOD service.

Tubi, Fox Corporation's ad-supported streaming service, reaches over 100 million monthly active users, with more than half identifying as Gen Z or Millennial.

Content and other revenues (8.3% of total revenues) increased 12% year over year to $331 million, primarily driven by higher sports sublicensing revenue.

Top-Line DetailsCable Network Programming revenues (43.6% of total revenues) increased 6% year over year to $1.74 billion.

Distribution revenues grew 5%, as contractual price increases were partially offset by net subscriber declines.

Advertising revenues rose 5%, driven by higher news pricing and the current year broadcast of the World Baseball Classic, partially offset by lower ratings. Content and other revenues increased 24% year over year, reflecting higher sports sublicensing revenue.

Television revenues (55% of total revenues) declined 19% year over year to $2.2 billion. Advertising revenues decreased 30%, primarily due to the absence of the prior year Super Bowl LIX broadcast.

Distribution revenues declined 1% year over year, reflecting the impact of net subscriber declines. Content and other revenues increased 2% year over year to $173 million, driven by higher entertainment content revenue.

FOX Sports is set to deliver a monumental 340 hours of first-run programming for the FIFA World Cup 2026, with a record 70 matches airing on the FOX network and all 104 matches streaming live and on-demand in 4K on FOX One, serving as a significant advertising and distribution catalyst for the fourth quarter of fiscal 2026.

Operating DetailsIn the third quarter of fiscal 2026, operating expenses decreased 16% year over year to $2.49 billion. As a percentage of revenues, operating expenses contracted 540 basis points (bps) to 62.4%.

Selling, general and administrative (SG&A) expenses declined 1% year over year to $546 million. As a percentage of revenues, SG&A expenses expanded 110 bps to 13.7%.

Total adjusted EBITDA increased 11% year over year to $954 million. Adjusted EBITDA margin expanded 430 bps to 23.9%.

Cable Network Programming EBITDA rose 1% year over year to $884 million. Television reported adjusted EBITDA of $191 million, compared to $60 million in the prior year quarter, as lower sports programming rights amortization and production costs in the absence of the Super Bowl LIX broadcast more than offset the revenue decline.

Balance SheetAs of March 31, 2026, Fox had $3.6 billion in cash and cash equivalents compared with $2.02 billion as of December 31, 2025.

As of March 31, 2026, Fox's total borrowings stood at $6.6 billion, unchanged from $6.6 billion as of December 31, 2025.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates review.

VGM ScoresCurrently, Fox has a subpar Growth Score of D, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock was allocated a score of C on the value side, putting it in the middle 20% for value investors.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Fox has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months.

Performance of an Industry PlayerFox is part of the Zacks Broadcast Radio and Television industry. Over the past month, Sirius XM (SIRI - Free Report) , a stock from the same industry, has gained 5.5%. The company reported its results for the quarter ended March 2026 more than a month ago.

Sirius XM reported revenues of $2.09 billion in the last reported quarter, representing a year-over-year change of +1.1%. EPS of $0.72 for the same period compares with $0.59 a year ago.

Sirius XM is expected to post earnings of $0.78 per share for the current quarter, representing a year-over-year change of +36.8%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.

Sirius XM has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of A.

The market's focus on Microsoft's cloud computing platform Azure, growth and concerns around rising competition in artificial intelligence drove shares lower. Shares of Adyen declined as the company posted slower-than-expected revenue growth. We eliminated our stake in payroll software provider Paylocity. The stock has suffered amid the market sell-off of enterprise software companies.

Q3 2026 Recurring & Other Revenue of $469.9 million, up 11.6% year-over-yearQ3 2026 Total Revenue of $502.3 million, up 10.5% year-over-yearContinued growth in cash flows - trailing twelve months net cash provided by operating activities margin of 29.4% and free cash flow margin of 24.4%Completed acquisition of Grayscale Labs, Inc. in April 2026 to expand AI-powered recruiting capabilitiesRepurchased $50 million or 440,000 shares in Q3 2026 and $350 million or 2.3 million shares in the first nine months of fiscal year 2026Board of Directors approved a $1.0 billion increase to our share repurchase authorization in April 2026; $1.35 billion authorization available as of May 7, 2026 SCHAUMBERG, Ill., May 07, 2026 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation (Nasdaq: PCTY), a leading provider of cloud-based HR, Finance, and IT solutions, today announced financial results for the third quarter of fiscal year 2026, which ended March 31, 2026.

“Our solid results continued into the third quarter of fiscal 26, with recurring revenue growth of 11.6%, total revenue growth of 10.5% and increased revenue and profitability guidance for the fiscal year. Our multi-year investment in R&D continues to drive innovation across our HCM, Finance and IT offerings, all underpinned by expanded AI capabilities and our core employee record data. To drive further expansion of our AI capabilities, last month we announced the acquisition of Grayscale, an AI-powered recruiting automation company that builds upon our existing recruiting capabilities by helping companies hiring at scale move faster without compromising quality. Additionally, as a result of our increasing cash flows, we continue to return capital to shareholders, with $350 million or 2.3 million shares repurchased through Q3 of this fiscal year,” said Toby Williams, President and Chief Executive Officer of Paylocity.

Third Quarter Fiscal 2026 Financial Highlights

Revenue:

Recurring & other revenue was $469.9 million, an increase of 11.6% from the third quarter of fiscal year 2025.Total revenue was $502.3 million, an increase of 10.5% from the third quarter of fiscal year 2025. Operating Income:

GAAP operating income was $157.0 million and non-GAAP operating income was $196.8 million in the third quarter of fiscal year 2026 compared to GAAP operating income of $127.0 million and non-GAAP operating income of $172.7 million in the third quarter of fiscal year 2025. Net Income:

GAAP net income was $111.3 million or $2.05 per share in the third quarter of fiscal year 2026 based on 54.3 million diluted weighted average common shares outstanding compared to $91.5 million or $1.61 per share in the third quarter of fiscal year 2025 based on 56.8 million diluted weighted average common shares outstanding. Adjusted EBITDA:

Adjusted EBITDA, a non-GAAP measure, was $220.2 million in the third quarter of fiscal year 2026 compared to $197.1 million in the third quarter of fiscal year 2025.Adjusted EBITDA excluding interest income on funds held for clients, a non-GAAP measure, was $187.9 million in the third quarter of fiscal year 2026 as compared to $163.6 million in the third quarter of fiscal year 2025. Balance Sheet and Cash Flow:

Cash and cash equivalents totaled $299.7 million as of March 31, 2026.Long-term debt totaled $81.3 million as of March 31, 2026, representing borrowings under our credit facility to fund the acquisition of Airbase Inc. on October 1, 2024. This reflects approximately $81.3 million repaid on our outstanding balance during the first nine months of fiscal year 2026.Net cash provided by operating activities for the first nine months of fiscal year 2026 was $421.4 million compared to $331.7 million for the first nine months of fiscal year 2025. Net cash from operating activities for the trailing twelve months ended March 31, 2026 was $507.9 million or 29.4% of total revenue as compared to $411.6 million or 26.5% of total revenue for the trailing twelve months ended March 31, 2025.Free cash flow, a non-GAAP measure, was $421.0 million or 24.4% of total revenue for the trailing twelve months ended March 31, 2026 compared to $335.8 million or 21.6% of total revenue for the trailing twelve months ended March 31, 2025. A reconciliation of GAAP to non-GAAP financial measures has been provided in this press release in the accompanying tables. Additional information regarding these measures can be found below under the headings “Non-GAAP Financial Measures” and “Definitions of our Non-GAAP Measures.”

Business Outlook

Based on information available as of May 7, 2026, Paylocity is issuing guidance for the fourth quarter and full fiscal year 2026 as indicated below.

Fourth Quarter 2026:

Recurring and other revenue is expected to be in the range of $402.2 million to $407.2 million, which represents approximately 9%-10% growth over fiscal year 2025 fourth quarter recurring and other revenue.Total revenue is expected to be in the range of $428.4 million to $433.4 million, which represents approximately 7%-8% growth over fiscal year 2025 fourth quarter total revenue.Adjusted EBITDA, a non-GAAP measure, is expected to be in the range of $128.6 million to $132.6 million.Adjusted EBITDA excluding interest income on funds held for clients, a non-GAAP measure, is expected to be in the range of $102.4 million to $106.4 million. Fiscal Year 2026:

Recurring and other revenue is expected to be in the range of $1.638 billion to $1.643 billion, which represents approximately 11%-12% growth over fiscal year 2025 recurring and other revenue.Total revenue is expected to be in the range of $1.755 billion to $1.760 billion, which represents approximately 10% growth over fiscal year 2025 total revenue.Adjusted EBITDA, a non-GAAP measure, is expected to be in the range of $638.0 million to $642.0 million.Adjusted EBITDA excluding interest income on funds held for clients, a non-GAAP measure, is expected to be in the range of $521.0 million to $525.0 million. We are unable to reconcile the forward-looking non-GAAP measures set forth above to their directly comparable GAAP financial measures because the information which is needed to complete a reconciliation is unavailable at this time without unreasonable effort.

Conference Call Details

Paylocity will host a conference call to discuss its third quarter fiscal year 2026 results at 4:00 p.m. Central Time today (5:00 p.m. Eastern Time). A live audio webcast of the conference call along with detailed financial information can be accessed through https://investors.paylocity.com/events-and-presentations where dial in details are provided. A replay of the call will be available and archived via webcast at https://investors.paylocity.com/. 

About Paylocity

Headquartered in Schaumburg, IL, Paylocity (NASDAQ: PCTY) is an award-winning provider of HCM, Finance, and IT software solutions. Paylocity offers one unified, easy-to-use platform that helps businesses across HR, Finance, and IT streamline operations, manage spend and talent, and build culture and connection—with AI embedded directly into everyday workflows to save time, reduce manual effort, and support better decisions. Known for its unique culture and consistently recognized as one of the best places to work, Paylocity accompanies its clients on the journey to create great workplaces and help all employees achieve their best. For more information, visit www.paylocity.com. 

Non-GAAP Financial Measures

The company uses certain non-GAAP financial measures when reporting and discussing its financial results, including the financial measures in this release that are designated as being “non-GAAP.” Management presents certain non-GAAP financial measures in this release because it considers them to be important supplemental measures of performance, as they provide investors with the company’s view of its financial performance. Management uses non-GAAP financial measures for planning purposes, including analysis of the company's performance against prior periods, the preparation of operating budgets and to determine appropriate levels of operating and capital investments. Management believes that these non-GAAP financial measures provide additional insight for analysts and investors in evaluating the company's financial and operational performance, including comparisons of current results to prior periods’ results by excluding items the company does not believe reflect fundamental business performance and are not representative or indicative of its results of operations. Non-GAAP financial measures have limitations as an analytical tool and other companies may define their non-GAAP financial measures differently than we do. Investors are encouraged to review the reconciliation of the non-GAAP measures to their most directly comparable GAAP measures provided in the accompanying tables to this release, as well as the definitions of those non-GAAP measures following such tables.

Safe Harbor/Forward Looking Statements

This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included herein regarding Paylocity’s future operations, future financial position and performance, anticipated results of operations, prospects, plans and objectives of management are forward-looking statements. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “will,” “would,” “seek” and similar expressions (or the negative of these terms) are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements include statements about management's estimates regarding future revenues and financial performance, and other statements about management’s beliefs, intentions or goals and are expressed in good faith and believed to be reasonable at the time such statements are made. Paylocity may not actually achieve the expectations disclosed in the forward-looking statements, and you should not place undue reliance on such statements. These forward-looking statements involve risks and uncertainties, many of which are beyond Paylocity’s control, that could cause actual results or events to differ materially from the expectations disclosed in the forward-looking statements. Factors that could cause actual results or events to differ materially from what is presented include, but are not limited to, the general economic conditions in regions in which Paylocity does business, changes in interest rates, business disruptions, reductions in employment and increases in business failures that have occurred or may occur in the future; Paylocity’s ability to leverage AI Assist and other forms of artificial intelligence and machine learning in its technology, which may be constrained by current and future laws, regulations, interpretive positions or standards governing new and evolving technologies and ethical considerations that could restrict or impose burdensome and costly requirements on its ability to continue to leverage data in innovative ways; Paylocity’s ability to retain existing clients and to attract new clients to enter into subscriptions for its services; the challenges associated with a growing company’s ability to effectively service clients in a dynamic and competitive market; challenges associated with expanding and evolving a sales organization to effectively address new geographies and products and services; challenges related to cybersecurity threats and evolving cybersecurity regulations; Paylocity’s reliance on and ability to expand its referral network of third parties; difficulties associated with accurately forecasting revenue and appropriately planning expenses; challenges with managing growth effectively; risks related to acquisitions and investments in other businesses and technologies; risks related to regulatory, legislative and judicial uncertainty in Paylocity’s markets; Paylocity’s ability to protect and defend its intellectual property and its use of open source software in its products; the risk that Paylocity’s security measures are compromised or a threat actor gains unauthorized access to customer data; unexpected events in the market for Paylocity’s solutions; changes in the competitive environment in Paylocity’s industry and the markets in which it operates; adverse changes in general economic or market conditions; changes in the employment rates of Paylocity’s clients and the resultant impact on revenue; the possibility that Paylocity may be adversely affected by other economic, business, and/or competitive factors; and other risks and potential factors that could affect Paylocity’s business and financial results that are identified in Paylocity’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on August 6, 2025, as well as any revisions or supplements to the information in subsequent reports filed or furnished to the SEC. These forward-looking statements represent Paylocity’s expectations as of the date of this press release. Subsequent events may cause these expectations to change, and unless legally required, Paylocity disclaims any obligations to update or alter these forward-looking statements in the future, whether as a result of new information, future events or otherwise.

PAYLOCITY HOLDING CORPORATION
Unaudited Consolidated Balance Sheets
(in thousands, except per share data)
 June 30,
2025 March 31,
2026Assets   Current assets:   Cash and cash equivalents$398,070 $299,728Accounts receivable, net 41,642  48,368Deferred contract costs 117,177  128,478Prepaid expenses and other 50,943  43,298Total current assets before funds held for clients 607,832  519,872Funds held for clients 2,704,137  3,838,468Total current assets 3,311,969  4,358,340Capitalized internal-use software, net 132,317  139,972Property and equipment, net 54,210  56,757Operating lease right-of-use assets 35,997  34,919Intangible assets, net 92,671  77,137Goodwill 343,100  343,158Long-term deferred contract costs 393,671  413,589Long‑term prepaid expenses and other 7,739  8,586Deferred income tax assets 17,754  11,917Total assets$4,389,428 $5,444,375    Liabilities and Stockholders’ Equity   Current liabilities:   Accounts payable$17,347 $12,260Accrued expenses 193,081  191,606Total current liabilities before client fund obligations 210,428  203,866Client fund obligations 2,694,842  3,833,941Total current liabilities 2,905,270  4,037,807Long-term debt 162,500  81,250Long-term operating lease liabilities 46,772  43,939Other long-term liabilities 8,580  12,402Deferred income tax liabilities 32,559  88,243Total liabilities$3,155,681 $4,263,641Stockholders’ equity:   Preferred stock, $0.001 par value, 5,000 authorized, no shares issued and outstanding at June 30, 2025 and March 31, 2026$— $—Common stock, $0.001 par value, 155,000 shares authorized at June 30, 2025 and March 31, 2026; 55,366 shares issued and outstanding at June 30, 2025 and 53,537 shares issued and outstanding at March 31, 2026 55  54Additional paid-in capital 327,518  69,445Retained earnings 900,583  1,110,021Accumulated other comprehensive income 5,591  1,214Total stockholders' equity$1,233,747 $1,180,734Total liabilities and stockholders’ equity$4,389,428 $5,444,375 PAYLOCITY HOLDING CORPORATION
Unaudited Consolidated Statements of Operations and Comprehensive Income
(in thousands, except per share data)
 Three Months Ended
March 31, Nine Months Ended
March 31,  2025   2026   2025  2026 Revenues:       Recurring and other revenue$421,096  $469,930  $1,101,915 $1,235,768 Interest income on funds held for clients 33,452   32,356   92,569  90,824 Total revenues 454,548   502,286   1,194,484  1,326,592 Cost of revenues 129,853   139,098   369,358  401,474 Gross profit 324,695   363,188   825,126  925,118 Operating expenses:       Sales and marketing 91,774   95,732   273,338  290,178 Research and development 51,396   52,515   154,811  165,861 General and administrative 54,495   57,962   159,180  167,508 Total operating expenses 197,665   206,209   587,329  623,547 Operating income 127,030   156,979   237,797  301,571 Other income (expense) (468)  59   4,467  557 Income before income taxes 126,562   157,038   242,264  302,128 Income tax expense 35,079   45,788   63,743  92,690 Net income$91,483  $111,250  $178,521 $209,438 Other comprehensive income (loss), net of tax 3,492   (5,128)  4,645  (4,377)Comprehensive income$94,975  $106,122  $183,166 $205,061         Net income per share:       Basic$1.64  $2.07  $3.20 $3.86 Diluted$1.61  $2.05  $3.15 $3.81         Weighted-average shares used in computing net income per share:       Basic 55,810   53,721   55,759  54,278 Diluted 56,780   54,274   56,640  55,016  Stock-based compensation expense and employer payroll taxes related to stock releases and option exercises for each of the three and nine months ended March 31 are included in the above line items:

 Three Months Ended
March 31, Nine Months Ended
March 31,  2025  2026  2025  2026Cost of revenues$4,789 $3,621 $15,719 $13,462Sales and marketing 8,678  7,518  29,093  26,768Research and development 9,143  6,984  31,315  27,166General and administrative 14,865  14,679  41,918  48,514Total stock-based compensation expense and employer payroll taxes related to stock releases and option exercises$37,475 $32,802 $118,045 $115,910 PAYLOCITY HOLDING CORPORATION
Unaudited Consolidated Statements of Cash Flows
(in thousands)
 Nine Months Ended
March 31,  2025   2026 Cash flows from operating activities:   Net income$178,521  $209,438 Adjustments to reconcile net income to net cash provided by operating activities:   Stock-based compensation expense 112,538   111,503 Depreciation and amortization expense 73,184   82,554 Deferred income tax expense (benefit) (1,680)  62,793 Provision for credit losses 875   1,352 Net accretion of discounts on available-for-sale securities (1,639)  (1,159)Other 951   1,183 Changes in operating assets and liabilities:   Accounts receivable (7,814)  (10,306)Deferred contract costs (42,559)  (30,774)Prepaid expenses and other 2,195   4,120 Accounts payable (1,886)  (5,015)Accrued expenses and other 18,971   (4,330)Net cash provided by operating activities 331,657   421,359 Cash flows from investing activities:   Purchases of available-for-sale securities (121,777)  (259,994)Proceeds from sales and maturities of available-for-sale securities 122,969   268,676 Capitalized internal-use software costs (45,563)  (49,101)Purchases of property and equipment (7,624)  (15,518)Acquisitions of businesses, net of cash and funds held for clients acquired (277,851)  — Other investing activities 1,303   2,228 Net cash used in investing activities (328,543)  (53,709)Cash flows from financing activities:   Net change in client fund obligations 429,856   1,139,099 Borrowings under credit facility 325,000   — Repayment of credit facility (81,250)  (81,250)Repurchases of common shares (91,080)  (350,000)Proceeds from employee stock purchase plan 10,561   9,534 Taxes paid related to net share settlement of equity awards (49,121)  (36,540)Other financing activities (400)  (360)Net cash provided by financing activities 543,566   680,483 Net change in cash, cash equivalents and funds held for clients' cash and cash equivalents 546,680   1,048,133 Cash, cash equivalents and funds held for clients' cash and cash equivalents—beginning of period 2,845,669   2,482,526 Cash, cash equivalents and funds held for clients' cash and cash equivalents—end of period$3,392,349  $3,530,659 Supplemental Disclosure of Non-Cash Investing and Financing Activities   Purchases of property and equipment and capitalized internal-use software, accrued but not paid$2,372  $3,362 Liabilities assumed for acquisitions$55,730  $— Supplemental Disclosure of Cash Flow Information   Cash paid for interest$9,548  $4,508 Cash paid for income taxes, net of refunds received$63,963  $24,557 Reconciliation of cash, cash equivalents and funds held for clients' cash and cash equivalents to the Consolidated Balance Sheets   Cash and cash equivalents$477,785  $299,728 Funds held for clients' cash and cash equivalents 2,914,564   3,230,931 Total cash, cash equivalents and funds held for clients' cash and cash equivalents$3,392,349  $3,530,659  Paylocity Holding Corporation
Reconciliation of GAAP to non-GAAP Financial Measures
(In thousands except per share data) 

 Three Months Ended
March 31, Nine Months Ended
March 31,  2025  2026  2025  2026Reconciliation from Gross profit to Adjusted gross profit:       Gross profit$324,695 $363,188 $825,126 $925,118Amortization of capitalized internal-use software costs 15,248  17,212  43,858  52,180Amortization of certain acquired intangibles 4,749  4,443  11,562  13,563Stock-based compensation expense and employer payroll taxes related to stock releases and option exercises 4,789  3,621  15,719  13,462Other items (1) 641  —  781  342Adjusted gross profit$350,122 $388,464 $897,046 $1,004,665  Three Months Ended
March 31, Nine Months Ended
March 31,  2025  2026  2025  2026Reconciliation from Operating income to Non-GAAP Operating income:       Operating income$127,030 $156,979 $237,797 $301,571Stock-based compensation expense and employer payroll taxes related to stock releases and option exercises 37,475  32,802  118,045  115,910Amortization of acquired intangibles 5,627  5,098  13,852  15,534Other items (2) 2,611  1,955  9,073  4,071Non-GAAP Operating income$172,743 $196,834 $378,767 $437,086  Three Months Ended
March 31, Nine Months Ended
March 31,  2025  2026  2025   2026Reconciliation from Net income to Non-GAAP Net income:       Net income$91,483 $111,250 $178,521  $209,438Stock-based compensation expense and employer payroll taxes related to stock releases and option exercises 37,475  32,802  118,045   115,910Amortization of acquired intangibles 5,627  5,098  13,852   15,534Other items (2) 2,611  1,955  9,073   4,071Income tax effect on adjustments (3) 873  5,896  (1,795)  10,780Non-GAAP Net income$138,069 $157,001 $317,696  $355,733  Three Months Ended
March 31, Nine Months Ended
March 31,  2025  2026  2025  2026Calculation of Non-GAAP Net income per share:       Non-GAAP Net income$138,069 $157,001 $317,696 $355,733Diluted weighted-average number of common shares 56,780  54,274  56,640  55,016Non-GAAP Net income per share$2.43 $2.89 $5.61 $6.47  Three Months Ended
March 31, Nine Months Ended
March 31,  2025   2026   2025   2026 Reconciliation from Net income to Adjusted EBITDA and Adjusted EBITDA excluding interest income on funds held for clients       Net income$91,483  $111,250  $178,521  $209,438 Interest expense 4,436   1,128   9,682   4,698 Income tax expense 35,079   45,788   63,743   92,690 Depreciation and amortization expense 25,972   27,298   73,184   82,554 EBITDA 156,970   185,464   325,130   389,380 Stock-based compensation expense and employer payroll taxes related to stock releases and option exercises 37,475   32,802   118,045   115,910 Other items (2) 2,611   1,955   9,073   4,071 Adjusted EBITDA$197,056  $220,221  $452,248  $509,361 Interest income on funds held for clients (33,452)  (32,356)  (92,569)  (90,824)Adjusted EBITDA excluding interest income on funds held for clients$163,604  $187,865  $359,679  $418,537   Three Months Ended
March 31, Nine Months Ended
March 31,  2025  2026  2025  2026Reconciliation of Non-GAAP sales and marketing:       Sales and marketing$91,774 $95,732 $273,338 $290,178Less: Stock-based compensation expense and employer payroll taxes related to stock releases and option exercises 8,678  7,518  29,093  26,768Less: Other items (2) 595  140  1,224  502Non-GAAP sales and marketing$82,501 $88,074 $243,021 $262,908  Three Months Ended
March 31, Nine Months Ended
March 31,  2025  2026  2025  2026Reconciliation of Non-GAAP total research and development:       Research and development$51,396 $52,515 $154,811 $165,861Add: Capitalized internal-use software costs 15,966  17,701  45,563  49,101Less: Stock-based compensation expense and employer payroll taxes related to stock releases and option exercises 9,143  6,984  31,315  27,166Less: Other items (2) 658  554  1,669  1,192Non-GAAP total research and development$57,561 $62,678 $167,390 $186,604  Three Months Ended
March 31, Nine Months Ended
March 31,  2025  2026  2025  2026Reconciliation of Non-GAAP general and administrative:       General and administrative$54,495 $57,962 $159,180 $167,508Less: Stock-based compensation expense and employer payroll taxes related to stock releases and option exercises 14,865  14,679  41,918  48,514Less: Amortization of certain acquired intangibles 878  655  2,290  1,971Less: Other items (2) 717  1,261  5,399  2,035Non-GAAP general and administrative$38,035 $41,367 $109,573 $114,988  Nine Months Ended
March 31, Trailing
Twelve Months Ended
March 31,  2025   2026   2025   2026 Reconciliation of Free cash flow, Free cash flow excluding interest income on funds held for clients and Adjusted free cash flow excluding interest income on funds held for clients:       Net cash provided by operating activities$331,657  $421,359  $411,588  $507,928 Capitalized internal-use software costs (45,563)  (49,101)  (61,788)  (65,940)Purchases of property and equipment (7,624)  (15,518)  (13,951)  (20,967)Free cash flow$278,470  $356,740  $335,849  $421,021 Less: Interest income on funds held for clients (92,569)  (90,824)  (125,117)  (121,675)Free cash flow excluding interest income on funds held for clients$185,901  $265,916  $210,732  $299,346 Cash paid for other items (4) 6,723   5,797     Adjusted free cash flow excluding interest income on funds held for clients$192,624  $271,713      (1) Represents acquisition-related costs and severance cost adjustments related to certain roles that have been eliminated. We exclude one-off severance costs that we incur as part of the normal course of our business operations.

(2) Represents acquisition and transaction-related costs and severance costs related to certain roles that have been eliminated. We exclude one-off severance costs that we incur as part of the normal course of our business operations.

(3) Includes the income tax effect on non-GAAP net income adjustments related to stock-based compensation expense and employer payroll taxes related to stock releases and option exercises, amortization of acquired intangibles and other items, which include acquisition and transaction-related costs and severance costs related to certain roles that have been eliminated. We exclude one-off severance costs that we incur as part of the normal course of our business operations.

(4) Represents cash paid for acquisition and transaction-related costs and severance costs related to certain roles that have been eliminated.

Definitions of our Non-GAAP Measures

Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted EBITDA Excluding Interest Income on Funds Held for Clients, and Adjusted EBITDA Excluding Interest Income on Funds Held for Clients Margin

Adjusted EBITDA is calculated as net income before interest expense, income tax expense, and depreciation and amortization expense, adjusted to eliminate stock-based compensation expense and employer payroll taxes related to stock releases and option exercises and other items as described above in this release. Adjusted EBITDA margin is calculated as Adjusted EBITDA divided by total revenues.

Adjusted EBITDA excluding interest income on funds held for clients is calculated in the same manner as Adjusted EBITDA and is further adjusted to eliminate interest income on funds held for clients. Adjusted EBITDA excluding interest income on funds held for clients margin is Adjusted EBITDA excluding interest income on funds held for clients divided by recurring and other revenue.

Adjusted Gross Profit and Adjusted Gross Profit Margin

Adjusted gross profit is adjusted to eliminate stock-based compensation expense and employer payroll taxes related to stock releases and option exercises, the amortization of capitalized internal-use software costs and certain acquired intangibles and other items as described above in this release.

Adjusted gross profit margin is calculated as adjusted gross profit as described in the preceding sentence divided by total revenues.

Non-GAAP Operating Income, Non-GAAP Net Income, and Non-GAAP Income Per Share

Non-GAAP operating income is adjusted to eliminate stock-based compensation expense and employer payroll taxes related to stock releases and option exercises, the amortization of acquired intangibles and other items as described above in this release.

Non-GAAP net income and non-GAAP net income per share are adjusted to eliminate stock-based compensation expense and employer payroll taxes related to stock releases and option exercises, the amortization of acquired intangibles and other items as described above in this release, including the income tax effect on these items.

Non-GAAP Sales and Marketing Expense, Non-GAAP Sales and Marketing Expense Margin, Non-GAAP Total Research and Development, Non-GAAP Total Research and Development Margin, Non-GAAP General and Administrative Expense, and Non-GAAP General and Administrative Expense Margin

Non-GAAP sales and marketing expense is adjusted to eliminate stock-based compensation expense and employer payroll taxes related to stock releases and option exercises and other items as described above in this release. Non-GAAP sales and marketing margin is calculated by dividing non-GAAP sales and marketing by total revenues.

Non-GAAP total research and development is adjusted for capitalized internal-use software costs paid and to eliminate stock-based compensation expense and employer payroll taxes related to stock releases and option exercises and other items as described above in this release. Non-GAAP total research and development margin is calculated by dividing non-GAAP total research and development by total revenues.

Non-GAAP general and administrative expense is adjusted to eliminate stock-based compensation expense and employer payroll taxes related to stock releases and option exercises, the amortization of certain acquired intangibles and other items as described above in this release. Non-GAAP general and administrative margin is calculated by dividing non-GAAP general and administrative expense by total revenues.

Free Cash Flow, Free Cash Flow Margin, Free Cash Flow Excluding Interest on Funds Held for Clients, Free Cash Flow Excluding Interest on Funds Held for Clients Margin, Adjusted Free Cash Flow Excluding Interest Income on Funds Held for Clients and Adjusted Free Cash Flow Excluding Interest Income on Funds Held for Clients Margin

Free cash flow is defined as net cash provided by operating activities less capitalized internal-use software costs and purchases of property and equipment. Free cash flow margin is calculated by dividing free cash flow by total revenues.

Free cash flow excluding interest income on funds held for clients is defined in the same manner as free cash flow but also excludes interest income on funds held for clients. Free cash flow margin excluding interest income on funds held for clients is calculated by dividing free cash flow excluding interest income on funds held for clients by recurring and other revenue.

Adjusted free cash flow excluding interest income on funds held for clients is defined in the same manner as free cash flow excluding interest income on funds held for clients plus cash paid for other items as described above in this release. Adjusted free cash flow margin excluding interest income on funds held for clients is calculated by dividing adjusted free cash flow excluding interest income on funds held for clients by recurring and other revenue.

2 hours ago

Aflac (NYSE:AFL) Major Shareholder Post Holdings Co. Ltd. Japan Sells 26,500 SharesAflac Incorporated (NYSE:AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 26,500 shares of the firm's stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $117.00, for a total value of $3,100,500.00. Following the completion of the sale, the insider owned 51,116,235 shares of the company's stock, valued at approximately $5,980,599,495. This represents a 0.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

NYSE:AFL

The mean of analysts' price targets for Paylocity (PCTY) points to a 42.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

INDIANAPOLIS & SCHAUMBURG, Ill.--(BUSINESS WIRE)-- #EmployeeBenefits--Remodel Health integrates with Paylocity to streamline ICHRA payroll syncing, automating data, reducing errors, and improving benefits administration.

On May 18, 2026, Paylocity Holding Corp PCTY shares rose 5.5% to $112.97. The stock has experienced a 52-week range between $92.99 and $201.62, indicating significant volatility. This recent increase comes after a year-long decline of 43.8% and a year-to-date decrease of 25.9%.

GF Value™ verdict: The current price of $112.97 is 49.2% below the GF Value™ estimate of $222.43.GF Score™ of 72/100 indicates the stock is rated as above average, suggesting a potential for better long-term returns.Notable signal: Insiders have sold $1.0 million in stock over the last three months, with no buying activity reported. Is PCTY Overvalued or Undervalued? The analysis of Paylocity Holding Corp PCTY reveals that the current share price of $112.97 is substantially undervalued compared to the GF Value™ estimate of $222.43. This represents a margin of safety of 49.2%, indicating that there may be significant upside potential if the company's performance aligns with its valuation. The GF Valuation label suggests that while the stock may be undervalued, it is also identified as a possible value trap, implying investors should exercise caution and conduct thorough due diligence before making investment decisions.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. While the current price suggests an opportunity, investors should consider the broader context, including recent performance trends and insider selling activity, which may signal concerns about the company's future prospects.

How Does PCTY's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 24.1x 63.9x Forward P/E 13.2x N/A Paylocity's current P/E ratio of 24.1x is significantly below its 5-year median P/E of 63.9x, indicating that the stock is trading at a much lower valuation compared to its historical norms. The forward P/E of 13.2x further illustrates this disparity. This P/E analysis aligns with the GF Value™ verdict, reinforcing the notion that the stock is undervalued at its current price point.

What Does PCTY's GF Score™ Tell Us? Metric Rating GF Score™ 72/100 Financial Strength 5/10 Profitability 8/10 Growth 10/10 Valuation 2/10 Momentum 1/10 The GF Score™ of 72/100 reflects an above-average rating, suggesting the potential for favorable long-term returns. The strongest aspect is the Growth Rank of 10/10, indicating robust growth potential in the company's operations. However, the weakest area is the Valuation Rank of 2/10, which emphasizes the challenges associated with the current valuation levels and the possibility of being a value trap. The Financial Strength score of 5/10 suggests a moderate level of stability, while the high Profitability rank shows that the company has been able to generate profits effectively.

What Are Insiders Doing with PCTY Stock? Recent insider activity at Paylocity indicates that insiders have sold $1.0 million worth of shares over the last three months, with no reported buying. This trend of selling could imply a lack of confidence among insiders regarding the company’s near-term prospects or valuation. It is worth noting that significant insider selling may raise red flags for potential investors, suggesting that those closest to the business may not foresee immediate improvements in performance or share price.

What This Means for Investors Based on the assessment of GF Value™, PCTY appears to be undervalued at its current price of $112.97 compared to the intrinsic value of $222.43. However, potential investors should be aware of the risks associated with a possible value trap and the recent insider selling activity. Caution is advised as investors evaluate the long-term prospects of the company.

For the complete analysis, visit the Paylocity Holding Corp PCTY stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is PCTY's GF Score™?

PCTY's GF Score™ is 72/100, indicating an above-average potential for long-term returns based on various fundamental aspects.

Is PCTY overvalued or undervalued?

PCTY is currently undervalued, with a GF Value™ estimate of $222.43 compared to its current price of $112.97, suggesting significant upside potential.

What is PCTY's P/E ratio?

PCTY's P/E ratio (TTM) is 24.1x, which is substantially below its 5-year median P/E of 63.9x, indicating the stock is trading at a low valuation compared to its historical levels.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Paylocity is upgraded to a buy as its fundamentals remain robust despite a 39% share price decline since the prior hold rating. PCTY delivers strong double-digit recurring revenue growth (11.5% YoY), expanding margins, and formidable cash flow with a highly efficient, asset-light business model. Management raised FY26 guidance above consensus, targeting 10-12% revenue growth and leveraging low market penetration (~3%) for future expansion.

SCHAUMBURG, Ill., June 10, 2026 (GLOBE NEWSWIRE) -- Paylocity (NASDAQ: PCTY), a leading provider of HCM, Finance, and IT solutions, today announced the launch of Paylocity Retirement, a new embedded retirement offering that brings plan administration and employee savings tools directly into the Paylocity HCM suite. Paylocity Retirement embeds Vestwell’s retirement technology seamlessly into the Paylocity platform, combining Vestwell’s industry-leading retirement administration technology with the same Paylocity platform employers already use for payroll and HR. The result is a more streamlined experience for administrators, fewer manual processes, and a simpler way for employees to view and manage their retirement savings.

Retirement benefits are one of the most important parts of an employee’s long-term financial wellbeing, yet many organizations still manage them through disconnected systems, manual file transfers, and separate employee portals. That fragmentation can create extra work for HR teams, increase the risk of errors, and make it harder for employees to engage with their savings.

Paylocity addresses those challenges by embedding retirement into existing payroll and HR workflows. Employers can reduce reconciliation work, help improve contribution accuracy, and give employees self-service access to key retirement actions without sending them to a separate system.

With Paylocity:

Retirement contributions are connected to payroll, helping reduce manual reconciliation and minimize potential errors.Employers gain centralized visibility into plan activity, contributions, and performance.Employees can view balances, update contributions, and track progress without leaving Paylocity, making it easier to stay engaged with their savings.Retirement is accessible in the Paylocity Mobile App, bringing savings tools into the experience employees already use every day.Employers and employees have access to dedicated retirement specialists for guidance and support.
“Retirement benefits are essential to long-term financial stability, but managing them shouldn’t add complexity to HR’s plate,” said Melissa King, SVP of Products & Technology at Paylocity. “By partnering with Vestwell, we’re giving clients the best of both worlds: the simplicity of managing payroll and retirement in one connected platform, and the confidence of knowing their plan is backed by dedicated retirement expertise.”

“I’m a big believer in everything living in one ecosystem," said Monika Kennedy, HR Director, HydroPeptide. "Being able to manage retirement right inside Paylocity without sending employees to another site is incredibly valuable.”

Paylocity Retirement powered by Vestwell is available now for employers offering defined contribution retirement plans, including 401(k) and 403(b) plans. Learn more about Paylocity Retirement.

"Vestwell’s mission has always been to make savings accessible, simple, and scalable for every employer and saver — regardless of size," said Aaron Schumm, Founder and Chief Executive Officer of Vestwell. "Partnering with Paylocity is a natural extension of that mission. By embedding our retirement infrastructure directly into Paylocity's platform, we are removing the barriers that have historically made retirement administration burdensome, replacing them with a seamless experience that helps more workers build toward a secure financial future."

About Paylocity
Headquartered in Schaumburg, IL, Paylocity (NASDAQ: PCTY) is an award-winning provider of HCM, Finance, and IT software solutions. Paylocity offers one unified, easy‑to‑use platform that helps businesses across HR, Finance, and IT streamline operations, manage spend and talent, and build culture and connection—with AI embedded directly into everyday workflows to save time, reduce manual effort, and support better decisions. Known for its unique culture and consistently recognized as one of the best places to work, Paylocity accompanies its clients on the journey to create great workplaces and help all employees achieve their best. For more information, visit www.paylocity.com.

About Vestwell
Vestwell is the backbone of the modern savings economy. Founded in 2016, Vestwell makes it easier for more Americans to save for life’s most important moments — from retirement to education, emergencies, and disability-related expenses. Vestwell’s platform helps remove traditional barriers to saving, making it more accessible, efficient, and approachable for everyone.

For more information, visit www.vestwell.com.

CONTACT:
Nicole Andergard Reddy
[email protected]
503-855-7385

Shares of Paylocity (PCTY - Free Report) have gained 4.1% over the past four weeks to close the last trading session at $108.23, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $153.79 indicates a potential upside of 42.1%.

The mean estimate comprises 19 short-term price targets with a standard deviation of $30.81. While the lowest estimate of $120.00 indicates a 10.9% increase from the current price level, the most optimistic analyst expects the stock to surge 131% to reach $250.00. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.

While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.

However, an impressive consensus price target is not the only factor that indicates a potential upside in PCTY. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.

Price, Consensus and EPS Surprise

Here's What You Should Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.

While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?

They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.

However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.

That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.

Why PCTY Could Witness a Solid UpsideThere has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 1.7%, as one estimate has moved higher compared to no negative revision.

Moreover, PCTY currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Therefore, while the consensus price target may not be a reliable indicator of how much PCTY could gain, the direction of price movement it implies does appear to be a good guide.

Posted by Defense World Staff on Mar 30th, 2026

SG Americas Securities LLC boosted its stake in Graco Inc. (NYSE:GGG – Free Report) by 186.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 123,655 shares of the industrial products company’s stock after acquiring an additional 80,421 shares during the period. SG Americas Securities LLC owned about 0.07% of Graco worth $10,136,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of GGG. Root Financial Partners LLC acquired a new stake in shares of Graco during the third quarter worth about $29,000. Assetmark Inc. lifted its holdings in shares of Graco by 42.6% in the 3rd quarter. Assetmark Inc. now owns 465 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 139 shares during the last quarter. CX Institutional boosted its position in shares of Graco by 316.7% in the 3rd quarter. CX Institutional now owns 475 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 361 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Graco by 982.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 498 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 452 shares during the period. Finally, TD Private Client Wealth LLC grew its stake in Graco by 116.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 514 shares of the industrial products company’s stock worth $44,000 after buying an additional 277 shares during the last quarter. Institutional investors and hedge funds own 93.88% of the company’s stock.

Graco Stock Up 0.1% Shares of GGG stock opened at $83.82 on Monday. The stock’s 50-day moving average price is $89.56 and its 200 day moving average price is $85.33. The stock has a market capitalization of $13.90 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07. Graco Inc. has a 52-week low of $72.06 and a 52-week high of $95.69.

Graco (NYSE:GGG – Get Free Report) last announced its earnings results on Monday, January 26th. The industrial products company reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. The company had revenue of $593.16 million for the quarter, compared to the consensus estimate of $591.99 million. Graco had a return on equity of 19.49% and a net margin of 23.33%.The company’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the business posted $0.64 EPS. Analysts expect that Graco Inc. will post 3.06 earnings per share for the current fiscal year.

Graco Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 6th. Investors of record on Monday, April 13th will be given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, April 13th. Graco’s dividend payout ratio (DPR) is 38.19%.

Graco announced that its board has approved a stock repurchase plan on Friday, December 5th that allows the company to repurchase 15,000,000 shares. This repurchase authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades Several research analysts have commented on the company. Robert W. Baird set a $96.00 price target on Graco in a research report on Wednesday, January 28th. Jefferies Financial Group increased their price objective on Graco from $100.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Weiss Ratings raised shares of Graco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. KeyCorp reiterated a “sector weight” rating on shares of Graco in a research report on Tuesday, January 27th. Finally, Royal Bank Of Canada increased their price target on shares of Graco from $97.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $96.50.

Check Out Our Latest Stock Report on Graco

Insider Activity In other Graco news, insider Timothy R. White sold 1,469 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $90.70, for a total transaction of $133,238.30. Following the completion of the transaction, the insider owned 51,430 shares in the company, valued at approximately $4,664,701. This represents a 2.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Angela F. Wordell sold 2,832 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $93.22, for a total transaction of $263,999.04. Following the completion of the sale, the executive vice president owned 13,360 shares of the company’s stock, valued at $1,245,419.20. This trade represents a 17.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 19,394 shares of company stock valued at $1,739,326. 2.18% of the stock is owned by corporate insiders.

Graco Profile (Free Report)

Graco Inc is a leading manufacturer of fluid handling systems and components, headquartered in Minneapolis, Minnesota. Founded in 1926, the company has built a reputation for innovation in spray finishing, lubrication, and fluid management technologies. Graco’s solutions are designed to address the needs of paint and coatings applicators, general industry, and process fluids in a variety of end markets.

The company’s product portfolio includes airless and air-assisted spray equipment, pumps for oil and gas applications, industrial lubrication systems, and automated dispensing equipment.

Read More Five stocks we like better than Graco

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