Paycor HCM

Paycor HCM, Inc. operates as a holding company, which engages in the development and provision of a software-as-a-service platform. It offers human capital management solutions for small and medium-sized businesses. Its products include human resources and payroll software, workforce management, benefits administration, talent management, and employee engagement. The company was founded on August 24, 2018, and is headquartered in Cincinnati, OH.

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Paycor reports strong Q1 earnings, anticipates growth through strategic initiatives

Paycor's Q1 2023 earnings call highlighted strong financial results, strategic acquisitions, and technological advancements. While the company faces challenges in partnership ramp-up and revenue normalization, it has significant opportunities for growth through cross-selling talent solutions and ethical AI use. Overall, Paycor's performance and strategic initiatives position it for continued success in the market.

Paycor HCM reports robust Q2 earnings, eyes growth opportunities

Paycor HCM's Q2 2023 earnings call highlighted strong financial performance, successful acquisitions, and recognition as a top workplace. While facing challenges with certain solutions, the company is well-positioned to capitalize on growth opportunities in metro areas, AI technology adoption, and expanding its market presence.

Paycor HCM reports stellar Q3 results, eyes AI integration for growth

Paycor HCM's Q3 2023 earnings call showcased robust financial performance, innovation in talent management, and strategic partnerships driving growth.
While facing regulatory challenges and revenue normalization expectations, the company is well-positioned to capitalize on AI integration and market stability.
Opportunities lie in sales force efficiency improvements, talent cross-selling initiatives, and the transition to a PEPM model for sustained growth.
Overall, Paycor's strong performance, innovative solutions, and stable competitive landscape position it for continued success and revenue expansion.

Paycor HCM reports robust Q4 earnings, eyes sustainable growth

Paycor HCM delivered strong financial performance in Q4 2023, with a focus on sustainable revenue growth and margin expansion in fiscal '24. The company's strategic initiatives, new solutions, and positive outlook for the upcoming year position it well for continued success and market expansion.

Paycor HCM excels in Q1 2024, eyes growth opportunities

Paycor HCM's Q1 2024 showcased robust financial performance, strategic advancements, and recognition for excellence. While facing challenges in revenue convergence and recurring revenue acceleration, the company is well-positioned to capitalize on opportunities for growth and efficiency.

Paycor HCM excels in Q2, eyes growth in diverse sectors

Paycor HCM's Q2 performance was robust, driven by revenue growth and margin expansion. The company is optimistic about future growth, focusing on innovation, market share capture, and sales force effectiveness.

Paycor HCM excels in Q3 with revenue growth and margin expansion

Paycor HCM's Q3 FY 2024 showcased robust financial performance, driven by revenue growth and margin expansion. While facing challenges in certain market segments, the company is strategically positioned to capitalize on opportunities for growth and innovation.

Paycor HCM reports strong Q4 performance, eyes AI and mid-market growth

Paycor HCM's Q4 2024 showcased robust financial performance, operational efficiency, and strategic growth initiatives
The company's focus on partnerships, product enhancements, and mid-market customers positions it for sustained growth
Challenges in maintaining growth momentum and balancing investments highlight the need for strategic agility and innovation

Paycor HCM reports strong Q1 results, eyes growth opportunities

Paycor HCM's Q1 fiscal year 2025 earnings call showcased robust financial performance, operational efficiency, and strategic growth initiatives.
The company's strengths in embedded HCM, innovation through the Integration Platform, and industry recognition position it well for future success.
While facing challenges in sales efficiency and AI development, Paycor has opportunities to leverage market optimism, drive innovation, and expand its product offerings.
Overall, Paycor's focus on sales efficiency, product enhancement, and market opportunities bodes well for its continued growth and competitive edge.

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Paycor HCM, Inc. (NASDAQ:PYCR ) Q3 2024 Earnings Conference Call May 8, 2024 5:00 PM ET Company Participants Rachel White - Vice President of Investor Relations Raul Villar Jr. - Chief Executive Officer Adam Ante - Chief Financial Officer Conference Call Participants Kevin Kumar - Goldman Sachs Bhavin Shah - Deutsche Bank Dominique Manansala - Truist Securities Brad Reback - Stifel Brian Peterson - Raymond James Scott Berg - Needham and Company Jared Levine - TD Cowen Mark Marcon - Baird Daniel Jester - BMO Capital Markets Steve Enders - Citi Matt VanVliet - BTIG Arti Vula - J.P. Morgan Austin Gould - Citizen JMP Siti Panigrahi - Mizuho Group Operator Ladies and gentlemen, thank you for standing by, and welcome to Paycor's Third Quarter Fiscal Year 2024 Earnings Call.

Paycor HCM, Inc. (PYCR) Q3 2024 Earnings Call Transcript

Paycor HCM, Inc. (PYCR) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.18 per share a year ago.

Paycor HCM, Inc. (PYCR) Tops Q3 Earnings and Revenue Estimates

CINCINNATI, May 08, 2024 (GLOBE NEWSWIRE) -- Paycor HCM, Inc. (Nasdaq: PYCR) (“Paycor”), a leading provider of human capital management (“HCM”) software, today announced financial results for the third quarter fiscal year 2024, which ended March 31, 2024.

Paycor Announces Third Quarter Fiscal Year 2024 Financial Results

New offerings empower leaders to enhance team collaboration and optimize skills development CINCINNATI , May 2, 2024 /PRNewswire/ --  Paycor HCM, Inc . (Nasdaq: PYCR) ("Paycor"), a leading provider of human capital management (HCM) software, today announced the release of COR Space and Paycor Skills.

Paycor Launches COR Space and Paycor Skills to Drive Business Performance

National recognitions further validate leading HR provider's exceptional solutions  CINCINNATI , May 1, 2024 /PRNewswire/ -- Paycor HCM, Inc. (Nasdaq: PYCR) ("Paycor"), a leading provider of human capital management (HCM) software, today announced that its comprehensive talent management and Cor HCM solutions were recognized by the 2024 HR Tech Awards powered by Lighthouse Research & Advisory. Paycor won in the following categories: Best Midsize Business-Focused Solution (Core HR/Workforce): Midsize businesses are traditionally difficult to service, but Paycor provides HR leaders at these sized companies with robust features that help companies scale as their HR needs evolve.

Paycor Wins 2024 HR Tech Awards in Four Categories

Inaugural Customer Conference Brings Together Industry Experts for a Transformative Experience CINCINATTI, April 30, 2024 /PRNewswire/ -- Paycor HCM, Inc. (Nasdaq: PYCR) ("Paycor"), a leading provider of human capital management (HCM) software, today announced the successful conclusion of its highly anticipated inaugural customer conference, Paycor Connect+ 2024. The three-day event, held from April 23-25, 2024 at the Hyatt Regency in downtown Cincinnati, brought together hundreds of Paycor's customers for a transformative experience focused on learning, connecting, and engaging.

Paycor Connect+ 2024 Empowers HR Leaders to Drive People and Performance

CINCINNATI, April 17, 2024 (GLOBE NEWSWIRE) -- Paycor HCM, Inc. (Nasdaq: PYCR) (“Paycor”), a leading provider of human capital management (HCM) software, today announced that it will release financial results for the third quarter of fiscal year 2024, ended March 31, 2024, after the U.S. financial markets close on Wednesday, May 8, 2024.

Paycor Announces Date of Third Quarter Fiscal Year 2024 Financial Results

Alight

Investors with an interest in Internet - Software stocks have likely encountered both Alight, Inc. (ALIT) and Paycor HCM, Inc. (PYCR). But which of these two companies is the best option for those looking for undervalued stocks?

ALIT vs. PYCR: Which Stock Should Value Investors Buy Now?

CINCINNATI , March 20, 2024 /PRNewswire/ -- Paycor HCM, Inc. (Nasdaq: PYCR) ("Paycor"), a leading provider of human capital management (HCM) software, announced it earned the 2024 Top Workplaces USA award, issued by Energage , a purpose-driven organization that develops solutions to build and brand Top Workplaces. Recognition by Top Workplaces USA for the fourth consecutive year highlights the company's culture of listening and acting on feedback from associates, empowering leaders across the organization, and providing flexibility with a virtual first working environment.

Paycor Earns 2024 Top Workplaces USA Award for Fourth Consecutive Year

The company has been recognized for its outstanding user experience and robust functionality CINCINNATI , March 13, 2024 /PRNewswire/ -- Paycor HCM, Inc.  (Nasdaq: PYCR) ("Paycor"), a leading provider of human capital management (HCM) software, today announced recognition in the Nucleus Research 2024 Enterprise HCM Technology Value Matrix as an "Accelerator." Paycor's innovative HCM suite was recognized for its excellent usability and strong functionality, areas the company has significantly advanced over the past several years.

Paycor Named an Accelerator in the Nucleus Research 2024 Enterprise HCM Technology Value Matrix

CINCINNATI, March 07, 2024 (GLOBE NEWSWIRE) -- Paycor HCM, Inc. (Nasdaq: PYCR) (“Paycor”), a leading provider of human capital management (HCM) software, today announced the pricing of an underwritten public offering of 8,000,000 shares of common stock on behalf of investment funds advised by Apax Partners LLP at a price to the public of $20.15 per share. The offering consists of 5,651,106 shares offered by Pride Feeder, LP and 2,348,894 shares offered by AIX Pride Syndication L.P., respectively. Each of the selling stockholders are controlled by investment funds advised by Apax Partners LLP. Paycor will not receive any of the proceeds from the sale of the shares being offered by the selling stockholders but will bear the costs associated with the sale of such shares, other than any underwriting discounts and commissions. The offering is expected to close on March 11, 2024, subject to customary closing conditions.

Paycor Announces Pricing of Offering of Common Stock by Selling Stockholders

CINCINNATI, March 06, 2024 (GLOBE NEWSWIRE) -- Paycor HCM, Inc. (Nasdaq: PYCR) (“Paycor”), a leading provider of human capital management (HCM) software, today announced the commencement of an underwritten public offering of 8,000,000 shares of common stock on behalf of investment funds advised by Apax Partners LLP. The offering consists of 5,651,106 shares offered by Pride Feeder, LP and 2,348,894 shares offered by AIX Pride Syndication L.P., respectively. Each of the selling stockholders are controlled by investment funds advised by Apax Partners LLP. Paycor will not receive any of the proceeds from the sale of the shares being offered by the selling stockholders but will bear the costs associated with the sale of such shares, other than any underwriting discounts and commissions.

Paycor Announces Offering of Common Stock by Selling Stockholders

CINCINNATI, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Paycor HCM, Inc. (Nasdaq: PYCR) (“Paycor”), a leading provider of human capital management (HCM) software, today announced that the company will participate in the JMP Securities Technology Conference in San Francisco, California. The presentation is scheduled for Tuesday, March 5, 2024 at 9:30 am Pacific Time (12:30 pm Eastern Time).

Paycor to Present at the JMP Securities Technology Conference

I see a 28% upside potential in its share price, driven by a recovery in demand and success in penetrating upmarket segments. The company provides cloud-based HR solutions for SMBs, improving productivity and centralizing data management. PYCR's recent financial results exceeded expectations, and management's positive comments on demand and upmarket penetration support long-term growth prospects.

Paycor: Initiate Buy Rating On Demand Recovery And Possible Guidance Beat

Paycor HCM, Inc. (PYCR) Q2 2024 Earnings Call Transcript

Paycor HCM, Inc. (PYCR) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.08 per share a year ago.

Paycor HCM, Inc. (PYCR) Q2 Earnings and Revenues Surpass Estimates

CINCINNATI, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Paycor HCM, Inc. (Nasdaq: PYCR) (“Paycor”), a leading provider of human capital management (“HCM”) software, today announced financial results for the second quarter fiscal year 2024, which ended December 31, 2023.

Paycor Announces Second Quarter Fiscal Year 2024 Financial Results

New offerings enable business leaders to optimize compensation strategies and staffing levels CINCINNATI , Feb. 6, 2024 /PRNewswire/ -- Paycor HCM, Inc. ("Paycor") (Nasdaq: PYCR), a leading provider of human capital management (HCM) software, today announced the release of two new offerings, Pay Benchmarking and Labor Forecasting. The new offerings will help HR and business leaders make more informed compensation decisions and enhance workforce planning.

Paycor Launches Pay Benchmarking and Labor Forecasting Tools

New role will unify product and technology departments CINCINNATI , Jan. 23, 2024 /PRNewswire/ -- Paycor HCM, Inc. ("Paycor") (Nasdaq: PYCR), a leading provider of human capital management (HCM) software, today announced the promotion of Ryan Bergstrom to Chief Product & Technology Officer (CPTO), effective immediately. The new role will integrate Paycor's product and technology functions, enabling the Company to usher in the next generation of HCM advancements that empower leaders to build winning teams.

Paycor Promotes Ryan Bergstrom to Chief Product & Technology Officer

CINCINNATI, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Paycor HCM, Inc. (Nasdaq: PYCR) (“Paycor”), a leading provider of human capital management (HCM) software, today announced that it will release financial results for the second quarter of fiscal year 2024, ended December 31, 2023, after the U.S. financial markets close on Wednesday, February 7, 2024.

Paycor Announces Date of Second Quarter Fiscal Year 2024 Financial Results

MORRISVILLE, N.C.--(BUSINESS WIRE)--Relias Announces Updated Partnership With Paycor To Help Healthcare Organizations Streamline Processes and Improve Administration.

Relias Announces Updated Partnership With Paycor To Help Healthcare Organizations Streamline Processes and Improve Administration

Leading HCM Provider to Host a Premier Three-Day Event Bringing Together Paycor's Customers to Learn, Connect, and Engage CINCINNATI , Dec. 7, 2023 /PRNewswire/ -- Paycor HCM, Inc. ("Paycor") (Nasdaq: PYCR), a leading provider of human capital management (HCM) software, today announced its highly anticipated inaugural Paycor Connect+ conference. Paycor developed this customer conference to provide business leaders with the knowledge, tools, and strategies necessary to navigate the ever-evolving human resources landscape and drive success within their organizations.

Paycor Announces Inaugural Connect+ Customer Conference

CINCINNATI, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Paycor HCM, Inc. (Nasdaq: PYCR) (“Paycor”), a leading provider of human capital management (HCM) software, today announced the commencement of an underwritten public offering of 5,000,000 shares of common stock on behalf of Pride Aggregator, LP. The underwriter proposes to offer the shares of common stock for sale from time to time in one or more transactions on the Nasdaq Global Select Market, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices, subject to receipt and acceptance by them and subject to their right to reject any order in whole or in part. The selling stockholder is controlled by investment funds advised by Apax Partners LLP. Paycor will not receive any of the proceeds from the sale of the shares being offered by the selling stockholder but will bear the costs associated with the sale of such shares, other than any underwriting discounts and commissions.

Paycor Announces Offering of Common Stock by Selling Stockholder

PYCR continues to perform well and I believe it remains undervalued at 6x forward revenue. I believe the growth outlook is positive given the strong execution, upmarket traction, and top-of-funnel momentum. PYCR HCM solution could be a catalyst that accelerates growth.

Paycor: Strong Execution, Upmarket Traction And Top-Of-Funnel Momentum

Paycor HCM, Inc. (PYCR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

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