Paycor Hcm, Inc. Stock Price, News & Analysis

Paycor HCM, Inc. (Nasdaq: PYCR), in collaboration with the Cincinnati Bengals, has launched the "Earn Your Stripes" contest aimed at local minority-owned businesses in the Tri-State area. The contest runs from April 11 to May 17, with a pitch event on June 14 at Paycor Stadium. One winning business will receive a sponsorship package for the 2023 NFL season, providing significant marketing exposure. Eligibility requires businesses to be minority-owned, based in specific counties, have revenues below $5 million, and not hold existing sponsorships in Cincinnati. Paycor and Bengals executives expressed excitement about supporting local innovation and small businesses through this initiative.

Paycor HCM, Inc. (Nasdaq: PYCR) announced on March 10, 2023, that it does not maintain any cash deposits or securities at Silicon Valley Bank, including customers’ funds. This announcement aims to reassure stakeholders regarding the company's financial stability amidst recent banking concerns. Paycor is recognized for its comprehensive human capital management (HCM) platform, focusing on enhancing HR processes such as recruiting, onboarding, and payroll. The company prides itself on serving over 30,000 customers and emphasizes the importance of tailored solutions for leaders in various industries.

CINCINNATI, Feb. 28, 2023 – Paycor HCM, a provider of human capital management software, will participate in the Raymond James 44th Annual Institutional Investors Conference in Orlando, Florida. The presentation is set for Tuesday, March 7, 2023, at 11:35 am Eastern Time.

This event will be webcast live, with replays available under the 'Events & Presentations' section on Paycor’s Investor Relations website. With over 30,000 customers, Paycor focuses on leader-centric solutions, offering a unified HR platform, seamless third-party app integration, and powerful analytics to enhance people management.

Paycor HCM reported Q2 FY2023 revenues of $132.9 million, marking a 29% increase year-over-year. Recurring revenue stood at $125.0 million, up 22%, achieving their target of sustainable 20%+ growth for five consecutive quarters. The company raised its FY2023 revenue guidance by $11 million and adjusted operating income guidance by $10 million. Despite a net loss of $27.5 million, improved adjusted metrics were reported: adjusted operating income of $17.6 million and adjusted net income of $13.6 million. The acquisition of Talenya's AI tech enhances Paycor’s HCM suite.

Paycor HCM, a provider of human capital management software, announced on Feb. 7, 2023, the launch of the COR Leadership Dashboard. This tool aims to enhance leadership effectiveness by providing actionable data on employee engagement and performance. The dashboard integrates real-time insights and evaluates leaders based on three key attributes: Coach, Optimize, and Retain. A new leadership survey within Paycor Pulse collects feedback from employees, processing the data for trends and sentiment analysis. The initiative is in line with Paycor's focus on empowering leaders and optimizing workforce management.

Paycor HCM, Inc. (Nasdaq: PYCR) announced its upcoming financial results for the second quarter of fiscal year 2023, ending December 31, 2022. The results will be disclosed after market close on February 8, 2023. A conference call will follow at 5:00 p.m. Eastern Time on the same day, where executives will discuss the financial performance. Investors can access the call by dialing 1-877-407-4018 or via a live webcast on the Paycor Investor Relations website.

Paycor HCM, Inc. (Nasdaq: PYCR) has upsized its underwritten public offering of common stock from 5 million to 6 million shares, priced at $28.60 per share. The offering includes 4,238,329 shares from Pride Feeder, L.P. and 1,761,671 shares from AIX Pride Syndication, L.P. Paycor will not receive proceeds from this offering but will incur associated costs. The offering is set to close on December 6, 2022, subject to customary conditions. The stock will be offered under a shelf registration statement declared effective by the SEC.