Major Estimate Revision • Feb 13
Consensus EPS estimates upgraded to US$0.12 loss The consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -US$0.159 to -US$0.12 per share. Revenue forecast steady at US$736.7m. Professional Services industry in the US expected to see average net income growth of 17% next year. Consensus price target broadly unchanged at US$22.50. Share price was steady at US$22.18 over the past week. Reported Earnings • Feb 06
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: US$0.011 loss per share (improved from US$0.15 loss in 2Q 2024). Revenue: US$180.4m (up 13% from 2Q 2024). Net loss: US$2.05m (loss narrowed 92% from 2Q 2024). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 88%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Professional Services industry in the US. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jan 12
Consensus EPS estimates fall by 23% The consensus outlook for fiscal year 2025 has been updated. 2025 losses of -US$0.16 per share expected, vs -US$0.13 per share profit forecast previously. Revenue forecast reaffirmed at US$730.6m. Professional Services industry in the US expected to see average net income growth of 18% next year. Consensus price target broadly unchanged at US$21.46. Share price rose 19% to US$22.15 over the past week. Announcement • Jan 08
Paychex, Inc. (NasdaqGS:PAYX) entered into a definitive agreement to acquire Paycor HCM, Inc. (NasdaqGS:PYCR) from Pride Aggregator, LP and others for $4.2 billion. Paychex, Inc. (NasdaqGS:PAYX) entered into a definitive agreement to acquire Paycor HCM, Inc. (NasdaqGS:PYCR) from Pride Aggregator, LP and others for $4.2 billion on January 07, 2025. Paychex agreed to acquire Paycor HCM in an all-cash transaction for $22.50 per share, representing an enterprise value of approximately $4.1 billion. Paychex has obtained committed financing to support the transaction, which is expected to be funded with incremental debt.
The Acquisition is expected to close in the first half of calendar 2025, subject to satisfaction of regulatory approvals and other customary closing conditions. The definitive agreement has been unanimously approved by the Boards of Directors of both companies. Pride Aggregator, LP, an affiliate of Apax Partners LLP, currently owns 96.1 million of Paycor’s shares, representing a majority of Paycor’s outstanding common stock. Pride Aggregator, LP has approved the transaction by written consent. J.P. Morgan Securities LLC acting as the exclusive financial advisor to Paychex, and Phillip R. Mills, Malik M. Khalil, Ronan P. Harty, Robert F. Smith, Frank Azzopardi, Kyoko Takahashi Lin and Michael Mollerus of Davis Polk & Wardwell, LLC acting as legal advisor to Paychex. Goldman Sachs & Co. LLC acting as the exclusive financial advisor and fairness opinion provider to Paycor, and Willard S. Boothby, Maggie D. Flores, Steven M. Choi, Andrew Idrizovic, Robert Goedert, Kevin Frank, Sara B. Zablotney, Scott D. Price, Michael Krasnovsky, Jabir Yusoff, Ian G. John and Marin Boney of Kirkland & Ellis LLP acting as legal advisor to Paycor. Price Target Changed • Nov 07
Price target increased by 7.4% to US$19.69 Up from US$18.33, the current price target is an average from 16 analysts. New target price is 15% above last closing price of US$17.13. Stock is down 8.1% over the past year. The company is forecast to post earnings per share of US$0.10 next year compared to a net loss per share of US$0.33 last year. Breakeven Date Change • Nov 07
Forecast to breakeven in 2026 The 16 analysts covering Paycor HCM expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 88% to 2025. The company is expected to make a profit of US$34.5m in 2026. Average annual earnings growth of 160% is required to achieve expected profit on schedule. Announcement • Nov 07
Paycor HCM, Inc. Revises Earnings Guidance for the Year Ending June 30, 2025; Provides earnings guidance for the Second Quarter of Fiscal Year Ending December 31, 2024 Paycor HCM, Inc. Provides earnings guidance for the second quarter ending December 31, 2024. For the quarter, the company expects total revenues in the range of $176.0-$178.0 million.
For the year ending June 30, 2025, the company revised total revenues in the range of $726.0-$733.0 million. Announcement • Nov 05
Paycor Launches New AI-Powered Assistant to Boost Productivity Paycor HCM, Inc. announced the release of Paycor Assistant, an AI-powered HR companion that gives customers an easier, faster, and more intuitive way to interact with and extend value from Paycor's solutions. Paycor Assistant is a unified, mobile-first touchpoint that enables users to search, navigate, and find answers through a simple, conversational interface. By enhancing the speed and effectiveness of responding to employees' HR-related questions, it saves time and significantly reduces administrative tasks, which empowers leaders to focus on more strategic objectives such as talent development and business performance. Key features of Paycor Assistant include: Intelligent Search: A chat-like experience that leverages contextual search to interpret requests and guide users directly to relevant actions within Paycor's suite, such as updating tax information or checking time-off balances. HR Assist: Ability to search and summarize company documents using generative AI to produce immediate answers to policy questions while providing direct links to source documentation for further exploration. Admin Insights: A comprehensive dashboard enables HR administrators to customize the way they measure the tool's impact on productivity by filtering usage data, frequently asked questions, and employee feedback. Paycor Assistant is another innovative AI solution that will continue to evolve with additional enhancements, enabling leaders to accomplish tasks more efficiently and effortlessly. This solution joins several existing AI innovations, including intelligent skills management, digital assistant, candidate sourcing, job description generation, and sentiment analysis in performance management and surveys. Paycor Assistant will be available to all customers in Spring 2025. Announcement • Oct 29
Paycor Launches Integration Platform to Transform Connectivity Paycor HCM, Inc. announced the launch of its Integration Platform, offering flexible solutions to make connecting data and systems easier, especially for organizations who don’t have in-house IT or developer support. The platform enables customers to integrate their third-party HR software and business applications more efficiently, as well as drive better data accuracy and real-time availability. The Paycor Integration Platform comes at a critical time, as Finch reports half of HR professionals leverage seven or more employment systems and most of these applications are not integrated, leading to time-consuming manual workarounds, errors, and inefficiencies. Paycor’s Integration Platform offers three flexible ways to enhance connectivity: Paycor Marketplace: Provides access to over 320 pre-built connectors to HCM vendor partners, including vertical-specific market needs. Developer Services: Offers expert teams to scope, design, build and support custom integrations for clients, many of which are built in 10 days or less. Developer Tools: Supplies resources that make it easier for customers to build a range of integrations, data feeds and reports. The robust Developer Portal includes 140+ APIs, customizable templates and pre-built connectors to Paycor's reporting and data sharing tools. Announcement • Oct 25
Paycor HCM, Inc. Approves Election of Drury (Dru) Armstrong as Director Paycor HCM, Inc. announced that at its AGM held on October 23, 2024, shareholders approved the election of Drury (Dru) Armstrong as director, effective October 23, 2024. Ms. Armstrong brings a wealth of leadership experience to Paycor's board, currently serving as Chief Executive Officer of AffiniPay, a leading provider of practice management software, integrated payments, and embedded fintech solutions. Her expertise spans software-as-a-service (SaaS), embedded technology, and adjacent payment industries, aligning closely with Paycor’s current and potential growth strategies. With over 20 years of experience in the technology sector, Ms. Armstrong has proven success in building high-performing teams, driving product innovation and accelerating growth. She has been named a Top 25 Women Leader in PE-Backed Software Companies for 2024 by Calibre One and featured in American Banker's 2024 list of Most Influential Women in Fintech. Additionally, she is widely regarded as a thought leader on innovation, diversity, equity and inclusion, and verticalized software. Major Estimate Revision • Oct 20
Consensus EPS estimates upgraded to US$0.11 loss The consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -US$0.16 per share to -US$0.113 per share. Revenue forecast reaffirmed at US$726.0m. Professional Services industry in the US expected to see average net income growth of 25% next year. Consensus price target of US$18.33 unchanged from last update. Share price rose 8.1% to US$14.36 over the past week. Announcement • Oct 17
Paycor HCM, Inc. to Report Q1, 2025 Results on Nov 06, 2024 Paycor HCM, Inc. announced that they will report Q1, 2025 results After-Market on Nov 06, 2024 Announcement • Sep 27
Paycor HCM, Inc., Annual General Meeting, Oct 23, 2024 Paycor HCM, Inc., Annual General Meeting, Oct 23, 2024. Announcement • Aug 29
Paycor HCM, Inc. Appoints Tiffany Sieve as Chief Marketing Officer Paycor HCM, Inc. 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, reporting to Raul Villar, Jr., Chief Executive Officer (CEO). Sieve has transformed Paycor’s marketing function during her 10+ years at Paycor, leveraging data and technology to drive greater national brand awareness and more effective demand generation. In her most recent position as Senior Vice President, Marketing & Communications, Sieve and her team increased Paycor’s brand visibility through the Naming Rights partnership with Paycor Stadium, optimized Paycor.com to propel the company’s growth, and launched Paycor’s inaugural customer conference, Connect+. Outside of her role in marketing, Sieve is a co-founder of Paycor’s Women’s Inspiration Network employee resource group and serves on the boards of the Cincinnati American Heart Association and Adopt-A-Class. Reported Earnings • Aug 25
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: US$0.33 loss per share (improved from US$0.53 loss in FY 2023). Revenue: US$654.9m (up 19% from FY 2023). Net loss: US$58.9m (loss narrowed 37% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Professional Services industry in the US. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Major Estimate Revision • Aug 21
Consensus EPS estimates upgraded to US$0.18 loss, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$738.2m to US$726.1m. 2025 losses expected to reduce from -US$0.272 to -US$0.182 per share. Professional Services industry in the US expected to see average net income growth of 25% next year. Consensus price target down from US$21.00 to US$18.24. Share price rose 15% to US$14.18 over the past week. Price Target Changed • Aug 15
Price target decreased by 12% to US$18.41 Down from US$21.00, the current price target is an average from 17 analysts. New target price is 33% above last closing price of US$13.83. Stock is down 37% over the past year. The company is forecast to post a net loss per share of US$0.19 next year compared to a net loss per share of US$0.33 last year. Announcement • Aug 15
Paycor HCM, Inc. Provides Earnings Guidance for the First Quarter Ending September 30, 2024 and Fiscal Year Ending June 30, 2025 Paycor HCM, Inc. provided earnings guidance for the first quarter ending September 30, 2024 and fiscal year ending June 30, 2025. For the quarter, the company expects total revenues in the range of $161 million - $163 million.
For the year, the company expected total revenues in the range of $722 million - $729 million. Announcement • Aug 08
Paycor HCM, Inc. Announces the Release of Paycor Compensation Management Paycor HCM, Inc. announced the release of Paycor Compensation Management, a collaborative solution purpose-built for leaders who want to streamline compensation planning while engaging and retaining employees. The solution significantly reduces time-consuming, error-prone manual work and helps leaders motivate employees with pay transparency and Total Reward statements. In a recent survey of more than 7,000 professionals, Paycor found that compensation is among the top three reasons employees choose whether to stay at their current company or seek employment elsewhere. Paycor Compensation Management gives leaders insights into pay benchmarking, benefits, perks, career development and recognition programs that together make up an employee’s total rewards. These insights make leaders more confident when talking about compensation to potential job candidates and current employees, including those who may be flight risks. Paycor Compensation Management helps leaders stay within budget, manage pay cycles, and conduct efficient approval processes. With the solutions’ future view analytics, managers gain increased visibility into employee event timelines and can assess the impacts of proposed pay changes. Announcement • Jul 18
Paycor HCM, Inc. to Report Q4, 2024 Results on Aug 14, 2024 Paycor HCM, Inc. announced that they will report Q4, 2024 results After-Market on Aug 14, 2024 Breakeven Date Change • Jun 30
Forecast to breakeven in 2027 The 18 analysts covering Paycor HCM expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$32.1m in 2027. Average annual earnings growth of 53% is required to achieve expected profit on schedule. Price Target Changed • May 13
Price target decreased by 9.5% to US$23.47 Down from US$25.94, the current price target is an average from 17 analysts. New target price is 62% above last closing price of US$14.50. Stock is down 33% over the past year. The company is forecast to post a net loss per share of US$0.34 next year compared to a net loss per share of US$0.53 last year. Announcement • May 10
Paycor HCM, Inc. Provides Earnings Guidance for the Fourth Quarter and Fiscal Year Ending June 30, 2024 Paycor HCM, Inc. provided earnings guidance for the fourth quarter and fiscal year ending June 30, 2024. For the quarter, the company expects total revenues in the range of $160 million - $162 million.For the year, the company expects revenue guidance in the range of $650 million - $652 million, an increase of 18% year-over-year at the top end of the range. Reported Earnings • May 09
Third quarter 2024 earnings released: EPS: US$0.035 (vs US$0.042 loss in 3Q 2023) Third quarter 2024 results: EPS: US$0.035 (up from US$0.042 loss in 3Q 2023). Revenue: US$187.0m (up 16% from 3Q 2023). Net income: US$6.19m (up US$13.5m from 3Q 2023). Profit margin: 3.3% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in the US. Announcement • May 03
Paycor HCM, Inc. Launches COR Space and Paycor Skills to Drive Business Performance Paycor HCM, Inc. announced the release of COR Space and Paycor Skills. The new tools will help HR and business leaders drive high business performance by enabling cross-functional collaboration and addressing skills gaps. COR Space enables teams to collaborate, communicate, and complete tasks on a centralized platform. In addition to facilitating efficient communication between teams, these tools enable leaders to visualize, manage, and provide recognition for employees outside of traditional organizational structures. As a result, businesses can better facilitate team alignment, enhance productivity, and maintain transparency, all of which help increase employee engagement and improve overall performance. With Paycor Skills, leaders can leverage artificial intelligence to address the ongoing worker shortage and manage their workforce's skills more effectively by providing insights to strategically upskill their people. This product automates the process of capturing new skills and suggests training opportunities to reduce time spent searching for top talent. Paycor Skills will help leaders fill talent gaps, build a culture of learning, align on company needs, and make informed decisions about talent management, all while reducing recruiting time and costs. COR Space and Paycor Skills will be available to customers in Summer 2024. Board Change • May 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Director Jeremy Rishel was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 19
Paycor HCM, Inc. to Report Q3, 2024 Results on May 08, 2024 Paycor HCM, Inc. announced that they will report Q3, 2024 results After-Market on May 08, 2024 Reported Earnings • Feb 08
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: US$0.15 loss per share (improved from US$0.16 loss in 2Q 2023). Revenue: US$159.5m (up 20% from 2Q 2023). Net loss: US$26.2m (loss narrowed 4.4% from 2Q 2023). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 30%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Professional Services industry in the US. Announcement • Feb 06
Paycor Launches Pay Benchmarking and Labor Forecasting Tools Paycor HCM, Inc. 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. Businesses face a myriad of challenges, including managing labor demands, ensuring pay equity, and retaining top talent, all while striving to scale efficiently. Arming leaders with data-driven analytics empowers them to optimize key business decisions that unlock efficiencies, improve customer service and foster greater employee engagement. By leveraging Pay Benchmarking, leaders can optimize compensation strategies and pay decisions based on industry standards and market data. In partnership with Visier, Paycor is providing regularly refreshed salary data for approximately 10 million jobs across the U.S. to give leaders greater confidence employees are being paid fairly and new offers are being extended at competitive rates. Additionally, with Labor Forecasting, businesses can create optimal staffing schedules based on key demand drivers such as revenue, sales volume or customer traffic. This new solution meaningfully improves leader's ability to efficiently manage their staffing levels while providing customers with the best service possible. Announcement • Jan 24
Paycor HCM, Inc. Promotes Ryan Bergstrom to Chief Product & Technology Officer Paycor HCM, Inc. 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. Since joining Paycor in 2018, Ryan has been vital in driving the Company's growth and shaping the HCM suite into the market leader it is today. Ryan has two decades of product management experience in the HCM industry, creating and executing technology roadmaps that resonate with customers and achieve organizational goals. Leveraging his proven record of success and leadership, he will continue to collaborate cross functionally to define and execute the company's product vision. Announcement • Jan 18
Paycor HCM, Inc. to Report Q2, 2024 Results on Feb 07, 2024 Paycor HCM, Inc. announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Feb 07, 2024 Major Estimate Revision • Dec 11
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$0.335 to -US$0.385 per share. Revenue forecast of US$652.7m unchanged since last update. Professional Services industry in the US expected to see average net income growth of 15% next year. Consensus price target of US$26.69 unchanged from last update. Share price fell 3.8% to US$21.25 over the past week. Announcement • Dec 07
Paycor HCM, Inc. has filed a Follow-on Equity Offering. Paycor HCM, Inc. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 5,000,000 Recent Insider Transactions Derivative • Dec 07
Chief Financial Officer notifies of intention to sell stock Adam Ante intends to sell 20k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of December. If the sale is conducted around the recent share price of US$21.21, it would amount to US$424k. Since March 2023, Adam's direct individual holding has increased from 152.92k shares to 261.54k. Company insiders have collectively bought US$260k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Nov 10
Paycor HCM, Inc. Provides Earnings Guidance for the Second Quarter Ending December 31, 2023 and Fiscal Year Ending June 30, 2024 Paycor HCM, Inc. provided earnings guidance for the second quarter ending December 31, 2023 and fiscal year ending June 30, 2024. For the quarter, the company expects total revenues to be in the range of $154.5 million to $156.5 million or 18% growth at the high end of the range.For the full year, the company expects total revenues to be in the range of $648 million to $654 million, an increase of 18% year-over-year at the top end of the range. Based on current rates, the company expects interest income to be in the range of $44 million to $45 million. Reported Earnings • Nov 10
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: US$0.12 loss per share (improved from US$0.17 loss in 1Q 2023). Revenue: US$143.6m (up 21% from 1Q 2023). Net loss: US$20.6m (loss narrowed 29% from 1Q 2023). Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Professional Services industry in the US. Price Target Changed • Oct 18
Price target decreased by 7.1% to US$28.00 Down from US$30.13, the current price target is an average from 16 analysts. New target price is 11% above last closing price of US$25.31. Stock is down 15% over the past year. The company is forecast to post a net loss per share of US$0.31 next year compared to a net loss per share of US$0.53 last year. Announcement • Sep 15
Paycor HCM, Inc., Annual General Meeting, Oct 31, 2023 Paycor HCM, Inc., Annual General Meeting, Oct 31, 2023, at 10:00 Eastern Standard Time. Agenda: To elect three nominees identified in the accompanying proxy statement to serve as Class II directors, as recommended by the Nominating and Governance Committee of the Board; to approve, on an advisory and non-binding basis, the compensation of Paycor’s named executive officers, as disclosed in the accompanying proxy statement; to approve, on an advisory and non-binding basis, the frequency of future stockholder advisory votes on executive compensation; to ratify the appointment of Ernst & Young LLP as Paycor’s independent registered public accounting firm for the fiscal year ending June 30, 2024; and to transact other business as may properly come before the meeting or any adjournment of the meeting. Major Estimate Revision • Aug 23
Consensus EPS estimates fall by 20% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$0.259 to -US$0.311 per share. Revenue forecast unchanged at US$649.3m. Professional Services industry in the US expected to see average net income growth of 13% next year. Consensus price target down from US$30.13 to US$28.00. Share price fell 3.7% to US$22.10 over the past week. New Risk • Aug 20
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$93m Forecast net loss in 3 years: US$8.8m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company. Price Target Changed • Aug 18
Price target decreased by 7.1% to US$28.00 Down from US$30.13, the current price target is an average from 17 analysts. New target price is 26% above last closing price of US$22.25. Stock is down 28% over the past year. The company is forecast to post a net loss per share of US$0.31 next year compared to a net loss per share of US$0.53 last year. Breakeven Date Change • Aug 18
Forecast to breakeven in 2026 The 17 analysts covering Paycor HCM expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 34% per year to 2025. The company is expected to make a profit of US$8.46m in 2026. Average annual earnings growth of 54% is required to achieve expected profit on schedule. Announcement • Aug 17
Paycor HCM, Inc. Provides Earnings Guidance for the First Quarter Ending September 30, 2023 and Fiscal Year Ending June 30, 2024 Paycor HCM, Inc. provided earnings guidance for the first quarter ending September 30, 2023 and fiscal year ending June 30, 2024. For the quarter, the company expected total revenues in the range of $138 million - $140 million.For the year, the company expected total revenues in the range of $644 million - $650 million. Announcement • Jul 22
Paycor HCM, Inc. to Report Q4, 2023 Results on Aug 16, 2023 Paycor HCM, Inc. announced that they will report Q4, 2023 results After-Market on Aug 16, 2023 Announcement • Jun 02
Paycor Strengthens Talent Platform with AI-Generated Job Description Feature Powered by Microsoft Azure OpenAI Service Paycor HCM, Inc. announced the release of its new AI-generated Job Descriptions tool powered by Microsoft Azure's OpenAI Service. Coupled with Paycor Smart Sourcing, the new feature helps optimize talent acquisition by sourcing high-quality and diverse candidates. Developing job descriptions is a time-consuming, manual process that can take leaders hours to create. Paycor's new offering is projected to reduce time required to generate a job description by at least 90%. With the current competitive landscape, organizations are struggling to hire and retain top talent, making the creation of job descriptions that are engaging even more critical for success, as 52% of job seekers say the quality of a job description is very or extremely influential on their decision to move forward with applying. In addition to further reducing time to source and hire quality candidates, Paycor's new offering also helps companies retain talent. 43% of people say their role doesn't meet the expectations that had been set. Starting the hiring process with a performant job description allows the right talent to apply with clear roles and responsibilities outlined, ultimately leading to better engagement through the employee lifecycle. Recent Insider Transactions • May 26
Independent Director recently bought US$67k worth of stock On the 23rd of May, Scott Miller bought around 3k shares on-market at roughly US$22.19 per share. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$286k more in shares than they have sold in the last 12 months. Announcement • May 12
Paycor HCM, Inc. Provides Earnings Guidance for the Fourth Quarter and Ended Fiscal Year Ending June 30, 2023 Paycor HCM, Inc. provided earnings guidance for the fourth quarter and ended fiscal year ending June 30, 2023. For the fourth quarter ending June 30, 2023, the company expects total revenues in the range of $135 million - $137 million. Fiscal Year Ending June 30, 2023, the company expects total revenues in the range of $548 million - $550 million. Price Target Changed • May 11
Price target decreased by 8.6% to US$30.47 Down from US$33.33, the current price target is an average from 15 analysts. New target price is 45% above last closing price of US$21.08. Stock is down 2.6% over the past year. The company is forecast to post a net loss per share of US$0.49 next year compared to a net loss per share of US$0.69 last year. Recent Insider Transactions • Feb 17
Independent Director recently bought US$76k worth of stock On the 10th of February, Scott Miller bought around 3k shares on-market at roughly US$25.21 per share. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$219k more in shares than they have sold in the last 12 months. Reported Earnings • Feb 09
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: US$0.16 loss per share (further deteriorated from US$0.15 loss in 2Q 2022). Revenue: US$132.9m (up 29% from 2Q 2022). Net loss: US$27.5m (loss widened 7.9% from 2Q 2022). Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates by 69%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Announcement • Feb 08
Paycor HCM, Inc. Releases COR Leadership Dashboard Paycor HCM, Inc. announced the release of the COR Leadership Dashboard. The new offering provides people leaders with actionable data based on scores about leadership effectiveness to drive engagement and maximize performance. frontline leaders have a disproportionate effect on an employee's engagement. Paycor previously introduced the COR Leadership Framework to inspire companies to invest in effective frontline leaders to help attract and retain a premier workforce. The COR Leadership Dashboard, the latest addition to the framework, surfaces real-time insights on relevant employee data trends and evaluates leadership effectiveness. A new leadership survey in Paycor Pulse gathers feedback from direct reports on how well their manager coaches, optimizes and engages their team and provides a baseline score of leader effectiveness. Results are put through native natural language processing and sentiment analysis engines to quickly categorize unstructured feedback by theme and positive/negative sentiment, so leaders do not have to spend time manually parsing results. Those scores are populated in the COR Leadership Dashboard to surface opportunities for career development alongside real-time employee data to help identify areas that may require their immediate attention. Leader effectiveness is evaluated on three attributes: Coach: Investing in individual employees to help them uncover their career aspirations and ensure they understand their alignment to the company mission and strategic objectives. Optimize: Ensuring employees are meeting team and individual objectives by inspiring personal and team accountability. Retain: Incentivizing employees in a holistic way that makes them feel authentically valued. Announcement • Jan 12
Paycor HCM, Inc. to Report Q2, 2023 Results on Feb 08, 2023 Paycor HCM, Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Feb 08, 2023 Recent Insider Transactions • Dec 10
Independent Director recently bought US$69k worth of stock On the 6th of December, Scott Miller bought around 3k shares on-market at roughly US$25.47 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$143k more in shares than they have sold in the last 12 months. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Jeremy Rishel was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 03
First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2023 results: US$0.17 loss per share (improved from US$0.32 loss in 1Q 2022). Revenue: US$118.3m (up 28% from 1Q 2022). Net loss: US$29.1m (loss narrowed 46% from 1Q 2022). Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US.