PCTY Paylocity Holding Corporation - Common Stock
About Paylocity Holding Corporation - Common Stock Company overview from Wikipedia
Paylocity Holding Corporation is an American provider of cloud-based payroll, spend management, and human capital management (HCM) software.
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Paylocity Holding Corporation is an American provider of cloud-based payroll, spend management, and human capital management (HCM) software.
History
The company was founded by Steve Sarowitz in 1997 as Ameripay Payroll Ltd. It was renamed Paylocity in December 2005. It relocated from Franklin Park, Illinois to Elk Grove Village, and later to Arlington Heights. The company moved its headquarters into a 309,000 square foot office in the former headquarters of Zurich Insurance North America in Schaumburg, Illinois.
In September 2007, Steve Beauchamp was appointed as president and chief operating officer and became CEO within a year.
In 2008, the company secured its first institutional funding with a $10 million Series A round from Adams Street Partners, followed by a $27.3 million Series B round in 2012.
In 2010, Paylocity acquired Payroll Online and expanded its market presence in human capital management (HCM).
Paylocity held an initial public offering in March 2014, raising about $120 million. At the time of the IPO, founder Steve Sarowitz held 44% ownership of the company.
From 2019 to 2024, Paylocity acquired a number of companies in HCM space, including BeneFLEX, VidGrid, Samepage, Blue Marble Payroll, Cloudsnap, Trace and Airbase Inc.
Products and services
Paylocity offers human capital management (HCM) solutions, providing integrated tools for managing payroll, HR functions, time tracking, spend management, and talent acquisition primarily for small to mid-sized businesses with 50 to 1,000 employees.
Acquisitions
March 2018: BeneFLEX (benefits administration)
April 2020: VidGrid (video-based learning platform)
November 2020: Samepage (team collaboration solution)
September 2021: Blue Marble Payroll (international payroll services)
January 2022: Cloudsnap (video platform for employee engagement)
December 2023: Trace (headcount planning tool)
September 2024: Airbase Inc. (spending management software)
Awards
2003, 2004, 2007-2014 - Inc. Magazine 5,000 fastest growing private companies
2013-2015 - Deloitte Fast 500 (fastest growing technology companies)
2021 - Fortune's 100 Fastest Growing Companies (#51)
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
PCTY Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
PCTY Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
PCTY Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 11 40.7%
- Buy 12 44.4%
- Hold 4 14.8%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
19 analysts · 2026-08-17Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $1.84 | $1.65 | 0.19% |
| March 31, 2026 | $2.89 | $2.64 | 0.25% |
| Dec. 31, 2025 | $1.85 | $1.69 | 0.16% |
| Sept. 30, 2025 | $1.75 | $1.60 | 0.15% |
| June 30, 2025 | $1.56 | $1.42 | 0.14% |
| March 31, 2025 | $2.43 | $2.18 | 0.25% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| PCTY | $5.57B | 21.2 | 11.0% | 15.2% | 23.3% | 69.2% |
| ADP | $89.09B | 20.5 | 6.7% | 20.1% | 71.0% | — |
| PAYX | $34.49B | 19.8 | 16.9% | 27.0% | 46.2% | — |
| PAYC | $8.73B | 19.7 | 8.9% | 22.1% | 26.3% | 83.2% |
| RHI | $2.75B | 20.4 | -7.2% | 2.5% | 10.3% | 37.2% |
| KFY | $3.34B | 12.7 | 6.4% | 9.4% | 14.4% | — |
| FA | $2.53B | -72.7 | 83.0% | -2.2% | -2.7% | — |
| TNET | $2.80B | 18.5 | -0.85% | 3.1% | 192.6% | — |
| MAN | — | -102.5 | 0.58% | -0.07% | -0.64% | 16.7% |
| NSP | $1.46B | -203.8 | 3.5% | -0.10% | -8.9% | 13.2% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.77B | $1.60B | $1.40B | $1.17B | $853M | $636M | $561M | $468M | $378M | $300M | $231M | $153M | |
| Cost of Revenue | $546M | $498M | $442M | $367M | $287M | $219M | $182M | $154M | $149M | $124M | $98M | $71M | |
| Gross Profit | $1.23B | $1.10B | $961M | $808M | $566M | $416M | $379M | $314M | $228M | $176M | $133M | $82M | |
| R&D Expense | $221M | $206M | $178M | $164M | $103M | $77M | $63M | $50M | $38M | $29M | $27M | $20M | |
| SG&A Expense | $224M | $213M | $187M | $192M | $164M | $120M | $105M | $95M | $79M | $62M | $48M | $33M | |
| Operating Expenses | $840M | $793M | $701M | $653M | $481M | $358M | $313M | $258M | $212M | $169M | $136M | $96M | |
| Operating Income | $386M | $304M | $260M | $155M | $85M | $58M | $66M | $56M | $16M | $7M | $-4M | $-14M | |
| Other Non-op | $1M | $5M | $17M | $4M | $-997.0K | $-939.0K | $947.0K | $2M | $802.0K | $73.0K | $-124.0K | $54.0K | |
| Pretax Income | $387M | $309M | $277M | $159M | $84M | $57M | $67M | $58M | $17M | $7M | $-4M | $-14M | |
| Income Tax | $118M | $82M | $70M | $18M | $-7M | $-14M | $3M | $4M | $-22M | $651.0K | $177.0K | $105.0K | |
| Net Income | $270M | $227M | $207M | $141M | $91M | $71M | $64M | $54M | $39M | $7M | $-4M | $-14M | |
| EPS (Basic) | $4.99 | $4.08 | $3.68 | $2.53 | $1.65 | $1.30 | $1.20 | $1.02 | $0.74 | $0.13 | $-0.08 | $-0.28 | |
| EPS (Diluted) | $4.92 | $4.02 | $3.63 | $2.49 | $1.61 | $1.26 | $1.15 | $0.97 | $0.70 | $0.12 | $-0.08 | $-0.28 | |
| Shares (Basic) | 54,082,000 | 55,649,000 | 56,214,000 | 55,706,000 | 55,036,000 | 54,318,000 | 53,547,000 | 52,914,000 | 52,425,000 | 51,415,000 | 50,913,000 | 50,127,000 | |
| Shares (Diluted) | 54,770,000 | 56,550,000 | 56,976,000 | 56,596,000 | 56,445,000 | 56,305,000 | 55,807,000 | 55,414,000 | 54,887,000 | 54,057,000 | 50,913,000 | 50,127,000 | |
| EBITDA | $498M | $404M | $337M | $216M | $135M | $101M | $104M | $91M | $46M | $28M | $10M | · |
Balance Sheet 25
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $272M | $398M | $402M | $289M | $140M | $202M | $251M | $132M | $137M | $103M | $86M | $81M | |
| Receivables | $50M | $42M | $33M | $25M | $16M | $6M | $5M | $4M | $3M | $2M | $2M | $1M | |
| Prepaid Expense | $58M | $51M | $40M | $35M | $29M | $16M | $13M | $14M | $11M | $15M | $7M | $4M | |
| Current Assets | $3.72B | $3.31B | $3.52B | $3.05B | $4.23B | $2.03B | $1.66B | $1.60B | $1.38B | $1.06B | $1.34B | $679M | |
| PP&E (Net) | $71M | $54M | $61M | $64M | $63M | $60M | $67M | $70M | $62M | $41M | $27M | $16M | |
| PP&E (Gross) | $188M | $158M | $151M | $142M | $136M | $123M | $118M | $108M | $91M | $66M | $45M | $31M | |
| Accum. Depreciation | $116M | $104M | $91M | $78M | $73M | $63M | $51M | $38M | $29M | $25M | $18M | $15M | |
| Goodwill | $379M | $343M | $109M | $102M | $102M | $34M | $22M | $10M | $10M | $6M | $6M | $6M | |
| Intangibles | $86M | $93M | $28M | $35M | $45M | $13M | $13M | $11M | $13M | $9M | $10M | $12M | |
| Total Assets | $4.88B | $4.39B | $4.25B | $3.70B | $4.81B | $2.41B | $1.99B | $1.80B | $1.51B | $1.14B | $1.39B | $721M | |
| Accounts Payable | $11M | $17M | $9M | $6M | $8M | $4M | $2M | $4M | $3M | $2M | $2M | $1M | |
| Accrued Liabilities | $200M | $193M | $158M | $143M | $124M | $103M | $80M | $58M | $42M | $30M | $25M | $16M | |
| Current Liabilities | $3.42B | $2.91B | $3.12B | $2.77B | $4.12B | $1.87B | $1.41B | $1.46B | $1.27B | $975M | $1.27B | $609M | |
| Capital Leases | $42M | $47M | $47M | $62M | $69M | $67M | $73M | · | · | · | · | · | |
| Deferred Tax | $106M | $33M | $42M | $12M | $2M | $2M | $9M | $7M | · | $401.0K | $249.0K | $874.0K | |
| Other Non-current Liabilities | $13M | $9M | $6M | $4M | $4M | $2M | $2M | $2M | $1M | · | · | · | |
| Total Liabilities | $3.66B | $3.16B | $3.21B | $2.85B | $4.20B | $1.94B | $1.59B | $1.50B | $1.29B | $990M | $1.27B | $613M | |
| Long-term Debt | $81M | $162M | $0 | · | · | · | $100M | · | · | · | · | · | |
| Common Stock | $53.0K | $55.0K | $56.0K | $56.0K | $55.0K | $55.0K | $54.0K | $53.0K | $53.0K | $52.0K | $51.0K | $51.0K | |
| Paid-in Capital | $52M | $328M | $360M | $381M | $290M | $242M | $228M | $208M | $220M | $193M | $172M | $156M | |
| Retained Earnings | $1.17B | $901M | $673M | $467M | $326M | $235M | $164M | $100M | $-7M | $-45M | $-52M | $-48M | |
| AOCI | $-1M | $6M | $-936.0K | $-5M | $-2M | $66.0K | $675.0K | $112.0K | $-139.0K | · | · | · | |
| Stockholders' Equity | $1.22B | $1.23B | $1.03B | $843M | $613M | $477M | $393M | $308M | $213M | $148M | $120M | $108M | |
| Liabilities + Equity | $4.88B | $4.39B | $4.25B | $3.70B | $4.81B | $2.41B | $1.99B | $1.80B | $1.51B | $1.14B | $1.39B | $721M | |
| Shares Outstanding | 53,271,000 | 55,366,000 | 55,514,000 | 55,912,000 | 55,190,000 | 54,594,000 | 53,792,000 | 53,075,000 | 52,758,000 | 51,738,000 | 51,132,000 | 50,703,000 |
Cash Flow 15
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $112M | $100M | $76M | $61M | $50M | $43M | $38M | $35M | $30M | $21M | $14M | $9M | |
| Stock-based Comp | $139M | $143M | $146M | $147M | $96M | $63M | $47M | $39M | $30M | $27M | $18M | $13M | |
| Deferred Tax | $83M | $-3M | $28M | $14M | $-7M | $-14M | $3M | $4M | $-22M | $152.0K | $150.0K | $91.0K | |
| Amort. of Intangibles | $21M | $19M | $10M | $11M | $9M | $4M | $3M | $2M | $2M | $2M | $2M | $919.0K | |
| Other Non-cash | $-70M | $-48M | $-72M | $-80M | $-75M | $-38M | $-40M | $-16M | $21M | $7M | $5M | · | |
| Operating Cash Flow | $533M | $418M | $385M | $283M | $155M | $125M | $113M | $115M | $98M | $62M | $33M | $11M | |
| CapEx | $36M | $13M | $18M | $22M | $18M | $9M | $17M | $11M | $22M | $21M | $16M | $9M | |
| Investing Cash Flow | $-155M | $-456M | $-102M | $-220M | $-480M | $48M | $-49M | $-43M | $-179M | $-38M | $-673M | $-199M | |
| Stock Issued | · | · | · | · | · | · | · | · | · | · | · | $18M | |
| Stock Repurchased | $398M | $150M | $150M | $0 | $0 | · | · | $35M | · | · | · | · | |
| Net Stock Activity | $-398M | $-150M | $-150M | · | · | · | · | $-35M | · | · | · | · | |
| Financing Cash Flow | $9M | $-326M | $142M | $-1.43B | $2.17B | $280M | $2M | $115M | $275M | $-304M | $646M | $190M | |
| Net Change in Cash | $387M | $-363M | $424M | $-1.37B | $1.85B | $454M | $66M | $186M | $194M | $-280M | $5M | $2M | |
| Taxes Paid | $33M | $86M | $48M | $1M | $11.0K | $-136.0K | $84.0K | $412.0K | $-53.0K | $28.0K | $3.0K | $162.0K | |
| Free Cash Flow | $497M | $405M | $367M | $261M | $137M | $115M | $96M | $104M | $76M | $41M | $17M | · |
Profitability 8
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 69.2% | 68.8% | 68.5% | 68.8% | 66.3% | 65.5% | 67.6% | 67.1% | 60.5% | 58.7% | 57.5% | · | |
| Operating Margin | 21.8% | 19.1% | 18.5% | 13.2% | 9.9% | 9.1% | 11.8% | 12.0% | 4.2% | 2.4% | -1.5% | · | |
| Net Margin | 15.2% | 14.2% | 14.7% | 12.0% | 10.7% | 11.1% | 11.5% | 11.5% | 10.2% | 2.2% | -1.7% | · | |
| Pretax Margin | 21.9% | 19.4% | 19.8% | 13.5% | 9.8% | 9.0% | 12.0% | 12.4% | 4.4% | 2.5% | -1.6% | · | |
| EBITDA Margin | 28.1% | 25.3% | 24.0% | 18.4% | 15.8% | 15.9% | 18.5% | 19.4% | 12.2% | 9.4% | 4.5% | · | |
| ROA | 5.8% | 5.3% | 5.2% | 3.3% | 2.5% | 3.2% | 3.4% | 3.2% | 2.9% | 0.53% | -0.36% | · | |
| ROE | 23.3% | 18.9% | 19.4% | 17.5% | 15.4% | 15.2% | 16.8% | 18.1% | 18.5% | 5.0% | -3.4% | · | |
| ROIC | 22.0% | 18.1% | 18.8% | 16.3% | 15.0% | 15.1% | 16.2% | 16.9% | 17.3% | 4.5% | -3.1% | · |
Liquidity & Solvency 2
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.1 | 1.1 | 1.1 | 1.1 | 1.0 | 1.1 | 1.2 | 1.1 | 1.1 | 1.1 | 1.1 | · | |
| Quick Ratio | 0.1 | 0.2 | 0.1 | 0.1 | 0.0 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | · |
Efficiency 2
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.4 | 0.4 | 0.4 | 0.3 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | · | |
| Receivables Turnover | 38.6 | 42.7 | 48.3 | 57.5 | 77.4 | 113.6 | 121.0 | 119.7 | 137.5 | 161.3 | 165.0 | · |
Growth Rates 9
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 11.0% | 13.7% | 19.4% | 37.8% | 34.1% | 13.2% | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 14.7% | 23.2% | 30.2% | 27.9% | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 22.8% | 23.2% | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 22.4% | 10.7% | 45.8% | 54.7% | 27.8% | 9.6% | · | · | · | · | · | · | |
| EPS CAGR 3Y | 25.5% | 35.7% | 42.3% | 29.4% | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 31.3% | 28.4% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 18.8% | 9.8% | 46.8% | 55.1% | 28.2% | 9.9% | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 24.2% | 35.8% | 42.9% | 29.8% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 30.7% | 28.6% | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 10
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.77B | $1.60B | $1.40B | $1.17B | $853M | $636M | $561M | $468M | $378M | $300M | $231M | $153M | |
| Net Income TTM | $270M | $227M | $207M | $141M | $91M | $71M | $64M | $54M | $39M | $7M | $-4M | $-14M | |
| Market Cap | $5.57B | $10.03B | $7.32B | $10.32B | $9.63B | $10.42B | $7.85B | $4.98B | $3.11B | $2.34B | $2.21B | · | |
| P/E | 21.2 | 45.1 | 36.3 | 74.1 | 108.3 | 151.4 | 126.9 | 96.7 | 84.1 | 376.5 | -540.0 | -128.0 | |
| P/S | 3.1 | 6.3 | 5.2 | 8.8 | 11.3 | 16.4 | 14.0 | 10.6 | 8.2 | 7.8 | 9.6 | · | |
| P/B | 4.6 | 8.1 | 7.1 | 12.2 | 15.7 | 21.8 | 20.0 | 16.2 | 14.6 | 15.8 | 18.5 | · | |
| P / Tangible Book | 7.4 | 12.6 | 8.2 | 14.6 | 20.7 | 24.2 | 21.9 | · | · | · | · | · | |
| P / Cash Flow | 10.4 | 24.0 | 19.0 | 36.5 | 62.1 | 83.4 | 69.7 | 43.3 | 31.7 | 37.7 | 67.0 | · | |
| P / FCF | 11.2 | 24.8 | 20.0 | 39.6 | 70.3 | 90.3 | 81.7 | 48.0 | 40.8 | 57.5 | 130.6 | · | |
| Earnings Yield | 4.7% | 2.2% | 2.8% | 1.4% | 0.92% | 0.66% | 0.79% | 1.0% | 1.2% | 0.27% | -0.19% | -0.78% |
Income Statement 16
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $445M | $502M | $416M | $408M | $401M | $455M | $377M | $363M | $357M | $401M | $326M | $318M | $308M | $340M | $273M | $253M | |
| Cost of Revenue | $144M | $139M | $134M | $128M | $129M | $130M | $125M | $115M | $117M | $116M | $107M | $101M | $97M | $96M | $90M | $85M | |
| Gross Profit | $300M | $363M | $282M | $280M | $272M | $325M | $252M | $248M | $240M | $285M | $219M | $216M | $212M | $244M | $183M | $169M | |
| R&D Expense | $56M | $53M | $58M | $56M | $51M | $51M | $56M | $47M | $44M | $43M | $46M | $45M | $41M | $42M | $41M | $40M | |
| SG&A Expense | $57M | $58M | $56M | $54M | $54M | $54M | $57M | $48M | $45M | $49M | $43M | $50M | $46M | $47M | $48M | $50M | |
| Operating Expenses | $216M | $206M | $212M | $206M | $206M | $198M | $206M | $184M | $177M | $179M | $169M | $175M | $162M | $164M | $165M | $162M | |
| Operating Income | $84M | $157M | $70M | $74M | $66M | $127M | $47M | $64M | $63M | $106M | $50M | $41M | $49M | $80M | $18M | $7M | |
| Other Non-op | $753.0K | $59.0K | $-204.0K | $702.0K | $572.0K | $-468.0K | $193.0K | $5M | $6M | $4M | $4M | $3M | $3M | $1M | $-5.0K | $-163.0K | |
| Pretax Income | $85M | $157M | $70M | $75M | $67M | $127M | $47M | $69M | $68M | $111M | $54M | $44M | $52M | $82M | $18M | $7M | |
| Income Tax | $25M | $46M | $20M | $27M | $18M | $35M | $9M | $19M | $20M | $25M | $15M | $10M | $15M | $24M | $3M | $-23M | |
| Net Income | $60M | $111M | $50M | $48M | $49M | $91M | $37M | $50M | $49M | $85M | $38M | $35M | $37M | $58M | $16M | $30M | |
| EPS (Basic) | $1.12 | $2.07 | $0.93 | $0.87 | $0.88 | $1.64 | $0.67 | $0.89 | $0.87 | $1.51 | $0.68 | $0.62 | $0.67 | $1.03 | $0.28 | $0.55 | |
| EPS (Diluted) | $1.09 | $2.05 | $0.92 | $0.86 | $0.87 | $1.61 | $0.66 | $0.88 | $0.85 | $1.50 | $0.67 | $0.61 | $0.65 | $1.02 | $0.28 | $0.54 | |
| Shares (Basic) | -108,738,000 | 53,721,000 | 54,086,000 | 55,013,000 | -111,627,000 | 55,810,000 | 55,826,000 | 55,640,000 | -112,436,000 | 56,369,000 | 56,244,000 | 56,037,000 | -111,256,000 | 55,788,000 | 55,721,000 | 55,453,000 | |
| Shares (Diluted) | -110,136,000 | 54,274,000 | 54,773,000 | 55,859,000 | -113,236,000 | 56,780,000 | 56,740,000 | 56,266,000 | -113,808,000 | 57,048,000 | 56,855,000 | 56,881,000 | -113,097,000 | 56,555,000 | 56,474,000 | 56,664,000 | |
| EBITDA | · | $157M | $70M | $102M | · | $127M | $47M | $86M | · | $106M | $50M | $58M | · | $80M | $18M | $21M |
Balance Sheet 25
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $272M | $300M | $162M | $165M | $398M | $478M | $482M | $779M | $402M | $493M | $367M | $305M | $289M | $234M | $120M | $65M | |
| Receivables | $50M | $48M | $44M | $42M | $42M | $44M | $43M | $34M | $33M | $34M | $32M | $30M | · | $27M | $25M | $22M | |
| Prepaid Expense | $58M | $43M | $53M | $59M | $51M | $40M | $63M | $41M | $40M | $36M | $49M | $37M | · | $29M | $30M | $29M | |
| Current Assets | $3.72B | $4.36B | $5.89B | $3.16B | $3.31B | $4.10B | $4.24B | $3.30B | $3.52B | $4.25B | $3.81B | $2.98B | · | $3.57B | $3.31B | $2.48B | |
| PP&E (Net) | $71M | $57M | $54M | $52M | $54M | $54M | $56M | $58M | $61M | $61M | $63M | $63M | · | $60M | $60M | $61M | |
| PP&E (Gross) | $188M | $169M | $163M | $160M | $158M | $154M | $153M | $152M | $151M | $149M | $148M | $144M | · | $138M | $136M | $137M | |
| Accum. Depreciation | $116M | $112M | $109M | $108M | $104M | $100M | $97M | $94M | $91M | $88M | $85M | $81M | · | $78M | $77M | $76M | |
| Goodwill | $379M | $343M | $343M | $343M | $343M | $343M | $343M | $109M | $109M | $109M | $110M | $102M | $102M | $102M | $102M | $102M | |
| Intangibles | $86M | $77M | $82M | $87M | $93M | $98M | $104M | $26M | $28M | $31M | $32M | $32M | · | $37M | $40M | $43M | |
| Total Assets | $4.88B | $5.44B | $6.97B | $4.24B | $4.39B | $5.17B | $5.29B | $4.02B | $4.25B | $4.95B | $4.49B | $3.65B | · | $4.19B | $3.94B | $3.10B | |
| Accounts Payable | $11M | $12M | $7M | $6M | $17M | $9M | $5M | $16M | $9M | $5M | $8M | $9M | · | $8M | $8M | $6M | |
| Accrued Liabilities | $200M | $192M | $172M | $174M | $193M | $194M | $162M | $156M | $158M | $171M | $147M | $132M | · | $144M | $116M | $106M | |
| Current Liabilities | $3.42B | $4.04B | $5.68B | $2.95B | $2.91B | $3.62B | $3.71B | $2.50B | $3.12B | $3.77B | $3.42B | $2.67B | · | $3.35B | $3.19B | $2.41B | |
| Capital Leases | $42M | $44M | $44M | $46M | $47M | $49M | $49M | $46M | $47M | $49M | $51M | $61M | · | $64M | $65M | $67M | |
| Deferred Tax | $106M | $88M | $62M | $51M | $33M | $34M | $36M | $41M | $42M | $34M | $28M | $18M | · | $2M | $2M | $2M | |
| Other Non-current Liabilities | $13M | $12M | $9M | $8M | $9M | $8M | $6M | $6M | $6M | $6M | $4M | $4M | · | $4M | $3M | $3M | |
| Total Liabilities | $3.66B | $4.26B | $5.87B | $3.13B | $3.16B | $3.96B | $4.12B | $2.92B | $3.21B | $3.85B | $3.51B | $2.75B | · | $3.42B | $3.26B | $2.48B | |
| Long-term Debt | $81M | $81M | $81M | $81M | $162M | $244M | $325M | $325M | $0 | · | · | · | · | · | · | · | |
| Common Stock | $53.0K | $54.0K | $54.0K | $54.0K | $55.0K | $56.0K | $56.0K | $56.0K | $56.0K | $56.0K | $56.0K | $56.0K | · | $56.0K | $56.0K | $56.0K | |
| Paid-in Capital | $52M | $69M | $93M | $149M | $328M | $353M | $411M | $377M | $360M | $475M | $447M | $396M | · | $341M | $310M | $259M | |
| Retained Earnings | $1.17B | $1.11B | $999M | $949M | $901M | $852M | $760M | $723M | $673M | $625M | $539M | $501M | · | $429M | $372M | $356M | |
| AOCI | $-1M | $1M | $6M | $6M | $6M | $4M | $217.0K | $6M | $-936.0K | $-693.0K | $534.0K | $-4M | · | $-2M | $-4M | $-5M | |
| Stockholders' Equity | $1.22B | $1.18B | $1.10B | $1.10B | $1.23B | $1.21B | $1.17B | $1.11B | $1.03B | $1.10B | $987M | $893M | $843M | $769M | $678M | $611M | |
| Liabilities + Equity | $4.88B | $5.44B | $6.97B | $4.24B | $4.39B | $5.17B | $5.29B | $4.02B | $4.25B | $4.95B | $4.49B | $3.65B | · | $4.19B | $3.94B | $3.10B | |
| Shares Outstanding | 53,271,000 | 53,537,000 | 53,873,000 | 54,376,000 | 55,366,000 | 55,540,000 | 55,884,000 | 55,738,000 | 55,514,000 | 56,427,000 | 56,313,000 | 56,167,000 | 55,912,000 | 55,810,000 | 55,768,000 | 55,664,000 |
Cash Flow 14
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $29M | $27M | $28M | $27M | $26M | $26M | $26M | $22M | $21M | $20M | $18M | $17M | $16M | $15M | $15M | $14M | |
| Stock-based Comp | $27M | $31M | $42M | $38M | $30M | $35M | $44M | $34M | $29M | $35M | $43M | $39M | $31M | $33M | $44M | $40M | |
| Deferred Tax | $20M | $30M | $11M | $22M | $-2M | $-2M | $2M | $-3M | $9M | $3M | $10M | $5M | $12M | $22M | $3M | $-23M | |
| Amort. of Intangibles | $6M | $5M | $5M | $5M | $5M | $6M | $6M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | |
| Other Non-cash | · | · | · | $-49M | · | · | · | $-11M | · | · | · | $-34M | · | · | · | $-45M | |
| Operating Cash Flow | $112M | $218M | $117M | $86M | $87M | $186M | $54M | $91M | $80M | $168M | $75M | $62M | $77M | $127M | $62M | $16M | |
| CapEx | $21M | $8M | $3M | $4M | $5M | $2M | $3M | $2M | $6M | $6M | $3M | $3M | $13M | $2M | $3M | $3M | |
| Investing Cash Flow | $-101M | $-26M | $-10M | $-18M | $-127M | $-28M | $-288M | $-13M | $-25M | $-14M | $-53M | $-9M | $79M | $-167M | $-43M | $-89M | |
| Stock Repurchased | $48M | $50M | $100M | $200M | $59M | $83M | $8M | $0 | $150M | $0 | · | · | · | · | · | · | |
| Net Stock Activity | · | · | · | $-200M | · | · | · | · | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $-672M | $-1.72B | $2.63B | $-230M | $-869M | $-292M | $1.15B | $-318M | $-786M | $298M | $752M | $-122M | $-573M | $132M | $769M | $-1.76B | |
| Net Change in Cash | $-661M | $-1.53B | $2.74B | $-161M | $-910M | $-134M | $920M | $-240M | $-731M | $451M | $775M | $-70M | $-418M | $93M | $789M | $-1.84B | |
| Taxes Paid | $9M | $9M | $8M | $7M | $22M | $18M | $40M | $6M | $13M | $9M | $19M | $6M | $786.0K | $731.0K | $-177.0K | $19.0K | |
| Free Cash Flow | · | · | · | $83M | · | · | · | $89M | · | · | · | $59M | · | · | · | $13M |
Profitability 8
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | 72.3% | 67.8% | 68.5% | · | 71.4% | 67.0% | 68.3% | · | 71.1% | 67.1% | 68.0% | · | 71.8% | 67.0% | 66.6% | |
| Operating Margin | · | 31.2% | 16.9% | 18.2% | · | 28.0% | 12.4% | 17.7% | · | 26.5% | 15.2% | 13.0% | · | 23.6% | 6.7% | 2.8% | |
| Net Margin | · | 22.1% | 12.1% | 11.8% | · | 20.1% | 9.9% | 13.7% | · | 21.3% | 11.7% | 10.9% | · | 17.0% | 5.7% | 12.0% | |
| Pretax Margin | · | 31.3% | 16.9% | 18.4% | · | 27.8% | 12.4% | 19.0% | · | 27.6% | 16.4% | 14.0% | · | 24.0% | 6.7% | 2.7% | |
| EBITDA Margin | · | 31.2% | 16.9% | 24.9% | · | 28.0% | 12.4% | 23.6% | · | 26.5% | 15.2% | 18.4% | · | 23.6% | 6.7% | 8.4% | |
| ROA | · | 2.1% | 0.82% | 1.2% | · | 1.8% | 0.77% | 1.3% | · | 1.9% | 0.90% | 1.0% | · | 1.2% | 0.48% | 0.88% | |
| ROE | · | 9.3% | 4.4% | 4.3% | · | 7.9% | 3.5% | 5.0% | · | 9.1% | 4.6% | 4.6% | · | 8.6% | 2.6% | 5.6% | |
| ROIC | · | 9.4% | 4.6% | 4.3% | · | 7.6% | 3.2% | 4.2% | · | 7.5% | 3.6% | 3.6% | · | 7.4% | 2.3% | 5.1% |
Liquidity & Solvency 2
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | 1.1 | 1.0 | 1.1 | · | 1.1 | 1.1 | 1.3 | · | 1.1 | 1.1 | 1.1 | · | 1.1 | 1.0 | 1.0 | |
| Quick Ratio | · | 0.1 | 0.0 | 0.1 | · | 0.1 | 0.1 | 0.3 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.0 | 0.0 |
Efficiency 2
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | |
| Receivables Turnover | · | 10.9 | 9.5 | 10.7 | · | 11.8 | 9.9 | 11.3 | · | 13.1 | 11.4 | 12.3 | · | 15.0 | 15.9 | 17.1 |
Valuation (TTM) 10
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | · | $1.78B | $1.66B | $1.60B | · | $1.60B | $1.47B | $1.41B | · | $1.39B | $1.26B | $1.18B | · | $1.11B | $968M | $877M | |
| Net Income TTM | · | $301M | $227M | $227M | · | $264M | $210M | $208M | · | $216M | $146M | $138M | · | $138M | $91M | $106M | |
| Market Cap | · | $5.78B | $8.22B | $8.66B | · | $10.40B | $11.15B | $9.20B | · | $9.70B | $9.28B | $10.21B | · | $11.09B | $10.83B | $13.45B | |
| P/E | · | 19.9 | 37.7 | 39.7 | · | 40.3 | 53.8 | 45.1 | · | 45.2 | 63.9 | 74.2 | · | 80.8 | 120.7 | 128.5 | |
| P/S | · | 3.2 | 5.0 | 5.4 | · | 6.5 | 7.6 | 6.5 | · | 7.0 | 7.4 | 8.6 | · | 10.0 | 11.2 | 15.3 | |
| P/B | · | 4.9 | 7.5 | 7.8 | · | 8.6 | 9.5 | 8.3 | · | 8.8 | 9.4 | 11.4 | · | 14.4 | 16.0 | 22.0 | |
| P / Tangible Book | · | 7.6 | 12.2 | 12.9 | · | 13.5 | 15.4 | 9.5 | · | 10.1 | 11.0 | 13.5 | · | 17.6 | 20.2 | 28.9 | |
| P / Cash Flow | · | · | · | 100.2 | · | · | · | 100.5 | · | · | · | 164.2 | · | · | · | 820.6 | |
| P / FCF | · | · | · | 104.8 | · | · | · | 103.2 | · | · | · | 173.9 | · | · | · | 1039.2 | |
| Earnings Yield | · | 5.0% | 2.7% | 2.5% | · | 2.5% | 1.9% | 2.2% | · | 2.2% | 1.6% | 1.4% | · | 1.2% | 0.83% | 0.78% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | |
|---|---|---|---|---|---|
| Revenue | $1.77B | $1.60B | $1.40B | $1.17B | $853M |
| Gross Margin % | 69.2% | 68.8% | 68.5% | 68.8% | 66.3% |
| Operating Margin % | 21.8% | 19.1% | 18.5% | 13.2% | 9.9% |
| Net Income | $270M | $227M | $207M | $141M | $91M |
| Diluted EPS | $4.92 | $4.02 | $3.63 | $2.49 | $1.61 |
Balance Sheet
| 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | |
|---|---|---|---|---|---|
| Current Ratio | 1.1 | 1.1 | 1.1 | 1.1 | 1.0 |
| Quick Ratio | 0.1 | 0.2 | 0.1 | 0.1 | 0.0 |
Cash Flow
| 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | |
|---|---|---|---|---|---|
| Free Cash Flow | $497M | $405M | $367M | $261M | $137M |
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Institutional owners (13F) 498 filers · $3.0B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 84 (+4 vs prior Q) | 55 (-19 vs prior Q) | 178 (+9 vs prior Q) | 151 (0 vs prior Q) | +4.0M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC | $228,573,556 | 2,186,679 | 7.51% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $203,395,624 | 1,945,811 | 6.69% | Shares |
| CITADEL ADVISORS LLC | $155,848,376 | 1,490,944 | 5.12% | Shares |
| STATE STREET CORP | $146,016,807 | 1,396,889 | 4.80% | Shares |
| TWO SIGMA INVESTMENTS, LP | $119,006,255 | 1,138,489 | 3.91% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $115,606,881 | 1,105,765 | 3.80% | Shares |
| Quantinno Capital Management LP | $110,384,203 | 1,056,005 | 3.63% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $97,261,193 | 930,462 | 3.20% | Shares |
| Point72 Asset Management, L.P. | $94,565,573 | 904,674 | 3.11% | Shares |
| Liontrust Investment Partners LLP | $92,986,265 | 609,746 | 3.06% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $88,171,891 | 843,508 | 2.90% | Shares |
| WASATCH ADVISORS LP | $87,297,616 | 808,012 | 2.87% | Shares |
| MILLENNIUM MANAGEMENT LLC | $77,754,327 | 743,847 | 2.56% | Shares |
| D. E. Shaw & Co., Inc. | $72,011,031 | 688,903 | 2.37% | Shares |
| Amundi | $69,350,324 | 663,449 | 2.28% | Shares |
| TWO SIGMA ADVISERS, LP | $67,420,250 | 442,100 | 2.22% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $61,229,075 | 585,756 | 2.01% | Shares |
| Qube Research & Technologies Ltd | $58,680,947 | 561,379 | 1.93% | Shares |
| NORGES BANK | $49,366,697 | 472,273 | 1.62% | Shares |
| Assenagon Asset Management S.A. | $43,341,483 | 414,632 | 1.42% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $42,512,037 | 406,697 | 1.40% | Shares |
| RIVERBRIDGE PARTNERS LLC | $34,324,093 | 328,366 | 1.13% | Shares |
| Gotham Asset Management, LLC | $31,219,348 | 298,664 | 1.03% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $28,802,092 | 275,539 | 0.95% | Shares |
| GOLDMAN SACHS GROUP INC | $27,926,967 | 267,167 | 0.92% | Shares |
| Cubist Systematic Strategies, LLC | $25,359,876 | 159,226 | 0.83% | Shares |
| JANUS HENDERSON GROUP PLC | $25,251,757 | 233,726 | 0.83% | Shares |
| Balyasny Asset Management L.P. | $21,637,501 | 206,998 | 0.71% | Shares |
| TD Asset Management Inc | $21,217,499 | 202,980 | 0.70% | Shares |
| IEQ CAPITAL, LLC | $20,119,098 | 192,472 | 0.66% | Shares |
| FIRST TRUST ADVISORS LP | $19,019,338 | 181,951 | 0.63% | Shares |
| Ranger Investment Management, L.P. | $17,902,017 | 171,262 | 0.59% | Shares |
| ExodusPoint Capital Management, LP | $15,982,742 | 152,901 | 0.53% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $15,181,205 | 145,233 | 0.50% | Shares |
| Corient Private Wealth LP | $14,997,661 | 143,477 | 0.49% | Shares |
| NICHOLAS COMPANY, INC. | $14,823,713 | 141,813 | 0.49% | Shares |
| HighTower Advisors, LLC | $14,255,258 | 136,375 | 0.47% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $13,547,088 | 129,600 | 0.45% | Shares |
| BANK OF AMERICA CORP /DE/ | $13,275,833 | 127,005 | 0.44% | Shares |
| Boston Trust Walden Corp | $12,782,033 | 122,281 | 0.42% | Shares |
| ALGERT GLOBAL LLC | $12,702,486 | 121,520 | 0.42% | Shares |
| RHUMBLINE ADVISERS | $11,574,961 | 110,734 | 0.38% | Shares |
| Public Sector Pension Investment Board | $10,902,688 | 104,302 | 0.36% | Shares |
| BARCLAYS PLC | $10,902,479 | 104,300 | 0.36% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $10,541,641 | 100,848 | 0.35% | Shares |
| Mariner, LLC | $10,377,489 | 99,274 | 0.34% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $10,094,985 | 96,575 | 0.33% | Shares |
| California Public Employees Retirement System | $9,231,985 | 88,319 | 0.30% | Shares |
| Swiss National Bank | $9,041,845 | 86,500 | 0.30% | Shares |
| FMR LLC | $8,977,873 | 85,888 | 0.30% | Shares |
| Trexquant Investment LP | $8,958,326 | 85,701 | 0.29% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $8,894,040 | 85,086 | 0.29% | Shares |
| ROYAL BANK OF CANADA | $8,885,000 | 84,999 | 0.29% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $8,841,786 | 84,586 | 0.29% | Shares |
| BLAIR WILLIAM & CO/IL | $8,179,347 | 78,249 | 0.27% | Shares |
| Man Group plc | $8,121,249 | 77,693 | 0.27% | Shares |
| BW Gestao de Investimentos Ltda. | $7,724,558 | 73,898 | 0.25% | Shares |
| BlackRock, Inc. | $7,655,986 | 73,242 | 0.25% | Shares |
| Engineers Gate Manager LP | $7,157,169 | 68,470 | 0.24% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $7,033,719 | 67,289 | 0.23% | Shares |
| LOOMIS SAYLES & CO L P | $6,956,890 | 66,554 | 0.23% | Shares |
| Retirement Systems of Alabama | $6,831,872 | 65,358 | 0.22% | Shares |
| Schonfeld Strategic Advisors LLC | $6,711,242 | 64,204 | 0.22% | Shares |
| Edgestream Partners, L.P. | $6,544,519 | 62,609 | 0.22% | Shares |
| Swedbank AB | $6,313,612 | 60,400 | 0.21% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $6,231,874 | 59,618 | 0.20% | Shares |
| Focus Partners Wealth | $5,896,972 | 56,407 | 0.19% | Shares |
| AMERIPRISE FINANCIAL INC | $5,865,819 | 56,070 | 0.19% | Shares |
| Cerity Partners LLC | $5,811,431 | 55,596 | 0.19% | Shares |
| SEIZERT CAPITAL PARTNERS, LLC | $5,539,045 | 52,990 | 0.18% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $5,385,418 | 51,859 | 0.18% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $5,360,297 | 49,614 | 0.18% | Shares |
| ALLIANCEBERNSTEIN L.P. | $5,245,018 | 48,547 | 0.17% | Shares |
| Cassady Schiller Wealth Management, LLC | $5,067,735 | 25,406 | 0.17% | Shares |
| Squarepoint Ops LLC | $5,033,747 | 48,156 | 0.17% | Shares |
| Granite Investment Partners, LLC | $5,006,360 | 47,894 | 0.16% | Shares |
| SummitTX Capital, L.P. | $4,754,024 | 45,480 | 0.16% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $4,555,208 | 43,578 | 0.15% | Shares |
| WINTON GROUP Ltd | $4,352,002 | 41,634 | 0.14% | Shares |
| VAN ECK ASSOCIATES CORP | $4,254,998 | 40,706 | 0.14% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $4,173,883 | 39,930 | 0.14% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $4,105,938 | 39,280 | 0.13% | Shares |
| Verition Fund Management LLC | $3,999,422 | 38,261 | 0.13% | Shares |
| AlphaQuest LLC | $3,989,248 | 26,159 | 0.13% | Shares |
| Holocene Advisors, LP | $3,979,875 | 38,074 | 0.13% | Shares |
| Dana Investment Advisors, Inc. | $3,967,645 | 37,957 | 0.13% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $3,870,746 | 37,030 | 0.13% | Shares |
| CITADEL ADVISORS LLC | $3,804,892 | 36,400 | 0.13% | Call option |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $3,518,168 | 33,657 | 0.12% | Shares |
| Hillsdale Investment Management Inc. | $3,489,211 | 33,380 | 0.11% | Shares |
| Sone Capital Management, LLC | $3,413,009 | 32,651 | 0.11% | Shares |
| Bridgewater Associates, LP | $3,330,117 | 31,858 | 0.11% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $3,208,548 | 30,695 | 0.11% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $3,207,294 | 30,683 | 0.11% | Shares |
| CWM, LLC | $3,129,271 | 28,964 | 0.10% | Shares |
| Bell Asset Management Ltd | $2,912,101 | 27,859 | 0.10% | Shares |
| Y-Intercept (Hong Kong) Ltd | $2,898,826 | 27,732 | 0.10% | Shares |
| Nebula Research & Development LLC | $2,870,412 | 15,842 | 0.09% | Shares |
| Sovereign's Capital Management, LLC | $2,861,047 | 27,345 | 0.09% | Shares |
| Summit Trail Advisors, LLC | $2,808,930 | 26,872 | 0.09% | Shares |
Company insiders 23 insiders · 12 officers · 12 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Toby J. Williams | President and CEO | Aug. 14, 2026 A | 347,771 | 0 | 4 | $-1,782,201 |
| Ryan Glenn | Chief Financial Officer | Aug. 14, 2026 A | 131,915 | 0 | 1 | $-121,547 |
| McGrail Peter J | Chief Financial Officer | Jan. 9, 2015 S | 16,034 | 0 | 0 | $0 |
| Melissa Ann King | SVP Product and Technology | Aug. 14, 2026 A | 62,836 | 0 | 0 | $0 |
| Joshua Scutt | SVP Chief Revenue Officer | Aug. 14, 2026 A | 84,239 | 0 | 1 | $-17,068 |
| Nicholas Rost | VP CAO & Treasurer | Aug. 14, 2026 A | 14,657 | 0 | 0 | $0 |
| Andrew Cappotelli | Sr Vice President Operations | Aug. 14, 2026 A | 48,942 | 0 | 1 | $-8,144 |
| Steven R Beauchamp | Executive Chairman | Aug. 14, 2026 A | 1,277,477 | 0 | 6 | $-3,041,253 |
| Michael R Haske | Senior VP of Sales & Marketing | Nov. 24, 2015 S | 1,585,882 | 0 | 0 | $0 |
| Mark S Kinsey | Senior VP of Operations | April 30, 2015 A | 25,000 | 0 | 0 | $0 |
| Jenifer L Page | Senior VP Operations | Nov. 13, 2014 S | 507,073 | 0 | 0 | $0 |
| Edward W Gaty | Sr. VP of Product Development | Aug. 18, 2014 A | 7,000 | 0 | 0 | $0 |
| Kenneth B. Robinson | Director | Aug. 14, 2026 A | 7,545 | 0 | 0 | $0 |
| Robin Le Pederson | Director | Aug. 14, 2026 A | 9,199 | 0 | 0 | $0 |
| Steven I Sarowitz | Director | Aug. 14, 2026 S | 4,488,594 | 0 | 14 | $-9,086,507 |
| Linda Marie Breard | Director | Aug. 14, 2026 A | 5,733 | 0 | 0 | $0 |
| Craig Conway | Director | Aug. 14, 2026 A | 5,352 | 0 | 0 | $0 |
| Virginia G Breen | Director | Aug. 14, 2026 A | 12,501 | 0 | 0 | $0 |
| Ronald V Waters | Director | Aug. 14, 2026 A | 11,640 | 0 | 0 | $0 |
| Jeffrey T Diehl | Director | Aug. 17, 2017 S | 428,955 | 0 | 0 | $0 |
| Andres Reiner | Director | Sept. 8, 2014 A | 6,013 | 0 | 0 | $0 |
| Mark H Mishler | Director | Aug. 18, 2014 A | 23,314 | 0 | 0 | $0 |
| Adams Street Partners, LLC | 10% owner | Aug. 16, 2016 A | — | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 95 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| SMLL · Harbor ETF Trust | 2.58% | 3,386 NS | April 30, 2026 | N-PORT |
| GRPM · Invesco Exchange-Traded Fund Trust | 2.29% | 77,472 SH | Aug. 8, 2026 | Daily |
| SOVF · Elevation Series Trust | 1.80% | 16,114 NS | April 30, 2026 | N-PORT |
| MCOW · Pacer Funds Trust | 1.21% | 113 NS | April 30, 2026 | N-PORT |
| BUL · Pacer Funds Trust | 0.71% | 8,587 NS | April 30, 2026 | N-PORT |
| RFG · Invesco Exchange-Traded Fund Trust | 0.43% | 10,350 SH | Aug. 8, 2026 | Daily |
| IJK · iShares Trust | 0.35% | 253,953 SH | Aug. 8, 2026 | Daily |
| SKYU · ProShares Trust | 0.29% | 90 NS | May 31, 2026 | N-PORT |
| BFOR · ALPS ETF Trust | 0.24% | 4,503 NS | May 31, 2026 | N-PORT |
| IVOG · VANGUARD ADMIRAL FUNDS | 0.24% | 42,795 SH | Aug. 8, 2026 | Daily |
| PNQI · Invesco Exchange-Traded Fund Trust | 0.22% | 7,985 SH | Aug. 8, 2026 | Daily |
| XJH · iShares Trust | 0.21% | 5,881 SH | Aug. 8, 2026 | Daily |
| QVMM · Invesco Exchange-Traded Fund Trust … | 0.20% | 5,974 SH | Aug. 8, 2026 | Daily |
| ISCG · iShares Trust | 0.19% | 12,650 SH | Aug. 8, 2026 | Daily |
| IJH · iShares Trust | 0.18% | 1,496,504 SH | Aug. 8, 2026 | Daily |
| ANEW · ProShares Trust | 0.17% | 111 NS | May 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.15% | 28,769 SH | Aug. 8, 2026 | Daily |
| VFQY · VANGUARD WELLINGTON FUND | 0.15% | 6,743 SH | Aug. 8, 2026 | Daily |
| PTMC · Pacer Funds Trust | 0.13% | 4,916 NS | April 30, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 0.12% | 570,169 SH | Aug. 8, 2026 | Daily |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.12% | 70,258 SH | Aug. 8, 2026 | Daily |
| MVV · ProShares Trust | 0.11% | 1,509 NS | May 31, 2026 | N-PORT |
| BKMC · BNY Mellon ETF Trust | 0.11% | 6,316 NS | April 30, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.11% | 20,193 SH | Aug. 8, 2026 | Daily |
| VFVA · VANGUARD WELLINGTON FUND | 0.10% | 7,868 SH | Aug. 8, 2026 | Daily |
| ISCB · iShares Trust | 0.09% | 1,785 SH | Aug. 8, 2026 | Daily |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.09% | 17,957 NS | April 30, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.09% | 118,028 NS | May 31, 2026 | N-PORT |
| RWK · Invesco Exchange-Traded Fund Trust … | 0.09% | 8,220 SH | Aug. 8, 2026 | Daily |
| MIDU · Direxion Shares ETF Trust | 0.09% | 723 NS | April 30, 2026 | N-PORT |
| SMLF · iShares Trust | 0.09% | 25,185 SH | Aug. 8, 2026 | Daily |
| SMMD · iShares Trust | 0.09% | 22,160 SH | Aug. 8, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.08% | 104,914 NS | April 30, 2026 | N-PORT |
| IYJ · iShares Trust | 0.08% | 9,976 SH | Aug. 8, 2026 | Daily |
| UMDD · ProShares Trust | 0.08% | 211 NS | May 31, 2026 | N-PORT |
| FIDU · FIDELITY COVINGTON TRUST | 0.07% | 12,875 NS | April 30, 2026 | N-PORT |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.06% | 3,458 SH | Aug. 8, 2026 | Daily |
| WSML · iShares Trust | 0.06% | 2,729 SH | Aug. 8, 2026 | Daily |
| AFMC · First Trust Exchange-Traded Fund VI… | 0.06% | 867 NS | May 31, 2026 | N-PORT |
| VIS · VANGUARD WORLD FUND | 0.06% | 52,215 SH | Aug. 8, 2026 | Daily |
| IWS · iShares Trust | 0.06% | 60,771 SH | Aug. 8, 2026 | Daily |
| AVMC · AMERICAN CENTURY ETF TRUST | 0.05% | 1,823 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.05% | 497,862 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.05% | 981,285 SH | Aug. 8, 2026 | Daily |
| IWR · iShares Trust | 0.05% | 177,447 SH | Aug. 8, 2026 | Daily |
| AVMV · AMERICAN CENTURY ETF TRUST | 0.05% | 2,523 NS | May 31, 2026 | N-PORT |
| IQSM · New York Life Investments ETF Trust | 0.04% | 1,318 NS | April 30, 2026 | N-PORT |
| FYEE · Fidelity Greenwood Street Trust | 0.04% | 654 NS | April 30, 2026 | N-PORT |
| AVUQ · AMERICAN CENTURY ETF TRUST | 0.04% | 865 NS | May 31, 2026 | N-PORT |
| FHEQ · Fidelity Greenwood Street Trust | 0.04% | 2,773 NS | April 30, 2026 | N-PORT |