Sandwish/iStock via Getty Images It's been close to three years since the first time I covered Paylocity ( PCTY ) when I gave it a hold rating, as I wanted a pullback. My prayers have been answered, and now the company is trading at a massive discount because of the overall sentiment towards SaaS companies right now. Since my first article, the company's share price declined 39% compared to a 68% ...
Sandwish/iStock via Getty Images It's been close to three years since the first time I covered Paylocity ( PCTY ) when I gave it a hold rating, as I wanted a pullback. My prayers have been answered, and now the company is trading at a massive discount because of the overall sentiment towards SaaS companies right now. Since my first article, the company's share price declined 39% compared to a 68% gain of the SPY ( SPY ). And now, given the company's stellar performance, I am upgrading it to a buy. The Performance Starting from the top, we can see that the company's top-line performance has been quite decent over the past three years. It's been a steady upward trajectory, and that is a lot better than a volatile performance with ups and downs. Seeking Alpha In the latest quarter, Q3 '26 , recurring revenue and other revenue essentially continued to dominate the performance with a growth of 11.5% to $470m, while interest on client funds continues to chug along steadily, which isn't even part of the main revenues. Recurring fees are the main driver here, as they make up over 96% of total revenues. PCTY 10Q Moving on to the company's profitability and efficiency, we can see a steady improvement across the board, especially throughout 2025. We can see that the company is highly profitable, and it makes sense since it is mostly on a recurring revenue model and is essentially a software company now. I'm actually a little surprised that its gross margins aren't in the high 80s. Seeking Alpha In the latest quarter, we can see that gross margin was around 72% vs. 71.4% last year, so around 60bps improvement. Operating margin was around 31.2%, an improvement of around 320bps, which is astounding. To save some time, below are the adjusted metrics that the company also likes to use to give a better sense of what it makes, excluding non-cash charges and everything else. We can see a steady improvement across the board. Here, margins are much closer to what I expected. Author's co...
TOPSHOT - Members of the Samsung Electronics labour union hold signs reading "Change it to be transparent!" as they stage a mass rally demanding the removal of a cap on performance bonuses, outside the company's foundry and semiconductor factory in Pyeongtaek on April 23, 2026. (Photo by Jung Yeon-je / AFP via Getty Images) Jung Yeon-je | Afp | Getty Images A strike involving more than 47,000 Sams...
TOPSHOT - Members of the Samsung Electronics labour union hold signs reading "Change it to be transparent!" as they stage a mass rally demanding the removal of a cap on performance bonuses, outside the company's foundry and semiconductor factory in Pyeongtaek on April 23, 2026. (Photo by Jung Yeon-je / AFP via Getty Images) Jung Yeon-je | Afp | Getty Images A strike involving more than 47,000 Samsung workers will begin on Thursday after wage negotiations between the company and its union broke down on Wednesday, sending shares of the South Korean chip giant down 3%. A South Korean court had previously ordered that the walkout not interfere with safety protection facilities or obstruct work, to prevent damage to facilities and wafer deterioration. The union 's demands had revolved around Samsung's performance-based bonus system. It is seeking performance bonuses equivalent to 15% of Samsung's operating profit, the removal of bonus payout caps, and a formalized bonus structure, among other measures. This is breaking news, please check back for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
On May 15, 2026, Investor Advocates for Social Justice filed an exempt solicitation with the SEC supporting a shareholder proposal from the Congregation of the Sisters of Saint Joseph of Peace that asks Palantir Technologies to publish a Human Rights Impact Assessment and urges fellow investors to back it at the 2026 annual meeting. This push for a formal review of human rights impacts highlights ...
On May 15, 2026, Investor Advocates for Social Justice filed an exempt solicitation with the SEC supporting a shareholder proposal from the Congregation of the Sisters of Saint Joseph of Peace that asks Palantir Technologies to publish a Human Rights Impact Assessment and urges fellow investors to back it at the 2026 annual meeting. This push for a formal review of human rights impacts highlights growing investor scrutiny of how Palantir’s AI and data platforms are used by government clients. Next, we’ll examine how investor pressure for a Human Rights Impact Assessment could reshape Palantir’s investment narrative and risk profile. This technology could replace computers: discover . Advertisement Palantir Technologies Investment Narrative Recap To own Palantir today, you generally need to believe its AI platforms will keep winning large, mission critical government and commercial workloads while justifying a rich valuation. In the near term, the key catalyst is continued contract momentum in U.S. government and commercial AI, while the biggest risk is reputational or political blowback that affects those contracts. The new human rights proposal sharpens that reputational risk but does not yet appear to alter core demand drivers. The most relevant recent development here is the coalition of large investors and social justice groups calling for an independent Human Rights Impact Assessment around Palantir’s government work. Set against strong Q1 2026 results and raised full year guidance, this shows how non financial concerns are starting to sit alongside revenue growth as a catalyst for how investors think about Palantir’s long term contract stability and its premium valuation. Yet even with strong earnings and contract wins, concerns about reputational risk and potential limits on sensitive deployments are issues investors should be aware of... Palantir Technologies' narrative projects $10.8 billion revenue and $3.6 billion earnings by 2028. This requires 40.7% yea...
Barclays Plc private bank will appoint Nikhil Jha as head of the Singapore-based operation focused on the Indian diaspora, according to people familiar with the matter. Jha, serving gardening leave at Bank of Singapore Ltd. , will start at the British bank in July in the city-state, said the people, who asked not to be named because the information is private. Barclays’s Asia private bank business...
Barclays Plc private bank will appoint Nikhil Jha as head of the Singapore-based operation focused on the Indian diaspora, according to people familiar with the matter. Jha, serving gardening leave at Bank of Singapore Ltd. , will start at the British bank in July in the city-state, said the people, who asked not to be named because the information is private. Barclays’s Asia private bank business has seen a roster of management changes since the departure of its regional head Nitin Singh last year. Following that, its Singapore chief Evonne Tan also left , while Alexander Harrison took over her position on an interim basis. Barclays and Jha declined to comment. The senior banker has been a managing director and team head for Global South India at Bank of Singapore since December 2016, according to his LinkedIn profile . It will be a home-coming for Jha, who was with Barclays in Singapore for more than two years until November 2016. That year Oversea-Chinese Banking Corp. bought Barclays’s private bank assets in Singapore and Hong Kong, folding the operations and staff into its private bank - Bank of Singapore. Barclays has since returned to private banking in Singapore in 2021, and this year will start a new booking center, the bank has said. Financial services for Indian diaspora, known as non-resident Indian, have been gaining tractions given their rising wealth across the globe.
Tippapatt/iStock via Getty Images Executive Summary • Thrivent Multisector Bond Fund had a net return of 0.01% in the first quarter, which outperformed the Morningstar Multisector Bond category average by 0.24%. • The Fund outperformed the Morningstar Multisector Bond category average over the past year with a net return of 6.32% as compared to 5.51% for the category. • The Fund remains slightly l...
Tippapatt/iStock via Getty Images Executive Summary • Thrivent Multisector Bond Fund had a net return of 0.01% in the first quarter, which outperformed the Morningstar Multisector Bond category average by 0.24%. • The Fund outperformed the Morningstar Multisector Bond category average over the past year with a net return of 6.32% as compared to 5.51% for the category. • The Fund remains slightly long in duration positioning, and we favor investment grade bonds to high yield bonds given the overall tightness of credit spreads. With the recent backup in base yields and credit spreads we do see some opportunities across fixed income as all-in yields look attractive when compared to historical levels. Performance factors In the first quarter of 2026, the Fund outperformed the Morningstar Multisector Bond category average with a net return of 0.01% compared to an average of -0.23% for the category. Fund absolute returns were roughly flat primarily due to positive coupon carry being offset by higher base rates and wider credit spreads. The Fund maintains a lower duration exposure as compared to broad fixed income indices, such as the Bloomberg U. S. Aggregate Bond index, but was slightly long duration as compared to estimates for the Morningstar Multisector Bond category average. Positive contributors to relative performance included allocations to securitized bonds and convertible bonds. Security selection within the securitized bond and emerging market debt allocations were also positive contributors to performance. For the trailing twelve months, the Fund outperformed the Morningstar Multisector Bond category average with a net return of 6.32% as compared to 5.51% for the category. Positive contributors to relative performance over this period include the Fund's allocation to emerging market debt, high yield bonds, and alternatives. Over the trailing twelve months the Fund decreased exposure to high yield corporate bonds and emerging market debt, while adding to securi...
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