Top 5 Stock Picks of Jeffrey Diehl’s Adams Street Partners

3. Paylocity Holding Corporation (NASDAQ:PCTY)

Adams Street Partners’ Stake Value: $122.063 million

Number of Hedge Fund Holders: 30

Paylocity Holding Corporation (NASDAQ:PCTY) provides cloud-based payroll and HR software, which is built to free the recipient company of arduous tasks. Founded in 1997, Paylocity Holding Corporation (NASDAQ:PCTY) has grown significantly in the past 5 years, with its share price increasing by more than 293% in the time period, despite the recent decrease in 2022.

Paylocity Holding Corporation (NASDAQ:PCTY) was also mentioned by Polen Capital in its Q4 2021 investor letter. Here is what it said:

“All our Portfolio companies, detractors included, are delivering on our long-term expectations and continue to have compelling growth prospects… We also reduced our position in Paylocity. This was purely a risk management decision, as we are still very positive on each company and its prospects.”