Needham reiterated coverage on Paycor with a new price target
$PYCR
Computer Software: Prepackaged Software
Technology
Needham reiterated coverage of Paycor with a rating of Buy and set a new price target of $20.00 from $42.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/7/2025 | $28.00 → $22.50 | Outperform → Neutral | Robert W. Baird |
| 12/12/2024 | $19.00 → $24.00 | Market Perform → Outperform | BMO Capital Markets |
| 12/2/2024 | $18.00 → $22.00 | Hold → Buy | TD Cowen |
| 11/7/2024 | $15.00 → $19.00 | Market Perform | BMO Capital Markets |
| 10/16/2024 | $18.00 | Overweight | Stephens |
| 8/15/2024 | $42.00 → $20.00 | Buy | Needham |
| 5/9/2024 | $23.00 → $20.00 | Market Perform | BMO Capital Markets |
| 2/6/2024 | $26.00 | Buy | BTIG Research |
Deal strengthens Paychex's upmarket position, unlocks new revenue channels, and expands strategic footprint and capabilities Paychex, Inc. (NASDAQ:PAYX) ("Paychex"), an industry-leading human capital management (HCM) company, today announced the successful completion of its acquisition of Paycor HCM, Inc. (NASDAQ:PYCR) ("Paycor"), a leading provider of HCM, payroll and talent software. "The Paycor acquisition unites two industry leaders with unrivaled AI-enabled technology supported by world-class service and advisory capabilities," said John Gibson, Paychex president and CEO. "Together, we are reimagining how companies address the needs of today's workforce with the most comprehensive, f
Paychex, Inc. (NASDAQ:PAYX) ("Paychex"), an industry-leading human capital management (HCM) company delivering a full suite of technology and advisory solutions in human resources, employee benefit solutions, insurance, and payroll, announced that the waiting period under the Hart-Scott Rodino Antitrust Improvements Act of 1976, as amended ("HSR"), has expired with respect to Paychex's previously announced acquisition of Paycor HCM, Inc. (NASDAQ:PYCR) ("Paycor"), a leading provider of HCM, payroll and talent software. The expiration of the HSR waiting period satisfies one of the major conditions to the closing of the acquisition, which remains subject to other customary closing conditions
Entered into a definitive agreement to be acquired by Paychex, Inc.Q2 Total revenues of $180.4 million, an increase of 13% year-over-year, while expanding operating marginsQ2 Recurring revenues of $167.4 million, an increase of 14% year-over-year CINCINNATI, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Paycor HCM, Inc. (NASDAQ:PYCR) ("Paycor" or the "Company"), a leading provider of human capital management ("HCM") software, today announced financial results for the second quarter fiscal year 2025, which ended December 31, 2024. Second Quarter Fiscal Year 2025 Financial Highlights Total revenues were $180.4 million, an increase of 13% from the second quarter of FY 2024.Operating profit was $1.2 m
4 - PAYCOR HCM, INC. (0001839439) (Issuer)
4 - PAYCOR HCM, INC. (0001839439) (Issuer)
4 - PAYCOR HCM, INC. (0001839439) (Issuer)
Robert W. Baird downgraded Paycor from Outperform to Neutral and set a new price target of $22.50 from $28.00 previously
BMO Capital Markets upgraded Paycor from Market Perform to Outperform and set a new price target of $24.00 from $19.00 previously
TD Cowen upgraded Paycor from Hold to Buy and set a new price target of $22.00 from $18.00 previously
15-12G - PAYCOR HCM, INC. (0001839439) (Filer)
SCHEDULE 13G/A - PAYCOR HCM, INC. (0001839439) (Subject)
8-K - PAYCOR HCM, INC. (0001839439) (Filer)