NEW YORK, Jan. 7, 2025 /PRNewswire/ -- Apax Partners LLP ("Apax") today announced that Paycor HCM, Inc. (Nasdaq: PYCR) ("Paycor"), a leading provider of human capital management ("HCM") software, has entered into a definitive agreement with Paychex, Inc. (Nasdaq: PAYX) ("Paychex") to be acquired in an all-cash transaction for $22.50 per share, representing a total enterprise value of $4.1 billion.  Funds advised by Apax, together with certain of their affiliates, currently own a majority of Paycor's outstan ...

SAN DIEGO, Dec. 18, 2024 /PRNewswire/ -- Shareholder rights law firm Robbins LLP is investigating Paycor HCM, Inc. (NASDAQ: PYCR) to determine whether certain Paycor officers and directors violated securities laws and breached fiduciary duties to shareholders. Paycor HCM, Inc., together with its subsidiaries, engages in the provision of human capital management solutions for small and medium-sized businesses primarily in the United States.What Now: If you own shares of Paycor HCM, Inc. and have lost money i ...

■ □ Paycor. | wester Presentation Q1 FY'25 _ Disclaimer Forward-Looking Statements This presentation contains forward-looking statements that reflect the Company's current expectations and projections with respect to, among other things, its financial condition, results of operations, plans, objectives, future performance and business. These statements may be preceded by, followed by or include the words ''anticipate,'' ''estimate,'' ''expect,'' ''project,'' ''plan,'' ''intend,'' ''believe,'' ''may,'' ''wil ...

Core Insights - Paycor HCM, Inc. reported quarterly earnings of $0.10 per share, exceeding the Zacks Consensus Estimate of $0.08 per share, and showing an increase from $0.07 per share a year ago, resulting in a 25% earnings surprise [1] - The company achieved revenues of $167.48 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.20% and up from $143.59 million year-over-year [2] - Paycor HCM has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] Earnings Outlook - The future performance of Paycor HCM's stock will largely depend on management's commentary during the earnings call and the sustainability of its immediate price movement based on the latest earnings numbers [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.11 on revenues of $176.87 million, and for the current fiscal year, it is $0.53 on revenues of $725.75 million [7] Industry Context - The Internet - Software industry, to which Paycor HCM belongs, is currently ranked in the top 24% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment and stock performance [5]

Financial Performance - Q1 total revenues reached $167.5 million, marking a 17% year-over-year increase[1] - Q1 recurring revenues were $154.0 million, reflecting a 16% year-over-year growth[1] - Adjusted operating income for Q1 was $22.8 million, up 43% from $15.9 million in Q1 FY 2024, representing 14% of total revenues[3] - Net loss improved to $7.3 million from $20.6 million in Q1 FY 2024[4] - Adjusted free cash flow improved to ($22.2) million from ($40.0) million in Q1 FY 2024[4] - FY 2025 revenue guidance is set between $726.0 million and $733.0 million, indicating a 12% year-over-year increase at the top end[1] - Q2 revenue guidance is projected between $176.0 million and $178.0 million[8] - Adjusted operating income for FY 2025 is expected to be in the range of $127.0 million to $130.0 million[8] - Total revenues for September 2024 reached $167.476 million, a 16.6% increase from $143.588 million in September 2023[19] - Gross profit for the same period was $108.259 million, up from $92.210 million, reflecting a gross margin improvement[19] - The net loss for September 2024 was $7.284 million, significantly improved from a net loss of $20.596 million in September 2023[19] - The company reported a basic and diluted net loss per share of $0.04, an improvement from $0.12 in the prior year[19] - Adjusted Gross Profit for the three months ended September 30, 2024, was $110,657,000, compared to $95,180,000 for the same period in 2023, reflecting a year-over-year increase of 16.3%[22] - Adjusted Operating Income increased to $22,800,000 for the three months ended September 30, 2024, up from $15,920,000 in 2023, representing a growth of 43.3%[23] - Adjusted Net Income attributable to Paycor HCM, Inc. was $18,654,000 for the three months ended September 30, 2024, compared to $12,810,000 in 2023, marking an increase of 45.5%[25] - Adjusted Free Cash Flow improved to $(22,234,000) for the three months ended September 30, 2024, compared to $(40,007,000) in 2023, indicating a reduction in cash outflow[26] - Operating Margin improved to (8.5)% for the three months ended September 30, 2024, compared to (16.3)% in 2023, showing a significant reduction in operational losses[23] - The company reported a net loss before benefit for income taxes of $(13,722,000) for the three months ended September 30, 2024, an improvement from $(23,685,000) in 2023[25] Expenses and Liabilities - Operating expenses totaled $122.513 million, compared to $115.582 million, with research and development expenses increasing to $17.428 million from $14.055 million[19] - Total current assets decreased to $1.209 billion from $1.362 billion in the previous quarter[18] - Total liabilities decreased to $1.141 billion from $1.322 billion, indicating improved financial health[18] - Funds held for clients were $967.189 million, down from $1.109 billion in the previous quarter[18] - Research and Development expenses increased to $17,428,000 for the three months ended September 30, 2024, up from $14,055,000 in 2023, reflecting a growth of 23.1%[24] - Sales and Marketing expenses rose to $56,789,000 for the three months ended September 30, 2024, compared to $52,778,000 in 2023, an increase of 7.6%[24] Product Development - Launched Paycor Assistant, an AI-powered HR companion aimed at enhancing productivity[6] - Introduced the Paycor Integration Platform, providing pre-built connections to over 320 technology partners[7] Equity and Cash Position - Cash and cash equivalents at the end of the period were $97.618 million, down from $117.958 million at the end of June 2024[20] - The total stockholders' equity increased to $1.300 billion from $1.287 billion, reflecting a positive trend in equity position[18] - Adjusted Gross Profit Margin for the three months ended September 30, 2024, was 66.1%, slightly down from 66.3% in 2023[22] - Adjusted shares outstanding increased to 177,912,794 for the three months ended September 30, 2024, compared to 177,334,568 in 2023[25]

CINCINNATI, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Paycor HCM, Inc. (Nasdaq: PYCR) ("Paycor"), a leading provider of human capital management (HCM) software, today announced its top 5 placement in Sapient Insights Group's 27th Annual HR Systems Report for 2024-2025. This prestigious report highlights the 50 top-performing HR technology solutions based on vendor and customer feedback. Paycor earned multiple mid-market (defined by Sapient as having 500 – 4,999 employees) top 5 rankings in User Experience (UX) and ...

Core Insights - Paycor HCM, Inc. has elected Dru Armstrong to its Board of Directors, effective October 23, 2024, bringing extensive leadership experience in technology and fintech [1][2] - Armstrong's background in software-as-a-service (SaaS) and embedded technology aligns with Paycor's growth strategies, particularly in enhancing HCM offerings [1][2] - The appointment is expected to drive innovation and growth within Paycor, as Armstrong has a proven track record in scaling technology companies and fostering diverse workplaces [2][3] Company Overview - Paycor provides a comprehensive human capital management (HCM) platform that connects leaders to people, data, and expertise, aiming to enhance employee engagement and retention [3] - The platform offers tools for coaching, developing, and growing employees, along with insights into operational data through a unified HCM experience [3] - Paycor positions itself as a partner in achieving business results, providing expert guidance and consultation to organizations [3]

CINCINNATI, Oct. 16, 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 first quarter of fiscal year 2025, ended September 30, 2024, after the U.S. financial markets close on Wednesday, November 6, 2024. Paycor will host a conference call and webcast presentation on Wednesday, November 6, 2024 at 5:00 p.m. Eastern Time to discuss the company's financial results. To ...

He also leads the investing group IPO Edge , which offers actionable information on growth stocks through first-look S-1 filings, previews on upcoming IPOs, an IPO calendar for tracking what's on the horizon, a database of U.S. IPOs, and a guide to IPO investing to walk you through the entire IPO lifecycle - from filing to listing to quiet period and lockup expiration dates. Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to ini ...

CINCINNATI, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Paycor HCM, Inc. (Nasdaq: PYCR) ("Paycor"), a leading provider of human capital management (HCM) software, today announced the promotion of Tiffany Sieve to Chief Marketing Officer (CMO). Sieve will play a pivotal role in accelerating the company's path to $1 billion in revenue by strengthening brand awareness, demand generation, product marketing, and customer retention through strategic communication channels. She also joins Paycor's Executive Committee, repor ...