Paylocity (PCTY) Stock Trades Down, Here Is Why

What Happened? Shares of HR and payroll software provider Paylocity (NASDAQ:PCTY) fell 5.7% in the morning session after it reported first-quarter fiscal 2026 results that showed a significant miss on earnings per share. Although the company's revenue increased by 12% year-over-year to $408 million, its earnings per share of $0.86 fell drastically short of the $1.57 that was forecast. This represented a miss of over 45%, signaling a sharp decline in profitability to investors. The disappointing results p ...