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
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
CINCINNATI, Jan. 15, 2025 (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 2025, ended December 31, 2024, after the U.S. financial markets close on Wednesday, February 5, 2025. In light of the definitive agreement to be acquired by Paychex announced on January 7, 2025, Paycor will not host an earnings conference call or webcast to discuss its second quarter of fiscal year 2025 financial results. About Paycor Paycor's HR, payroll, and talent platform connects leaders to people, data, and expertise. We help leaders drive
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
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
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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, 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 great
CINCINNATI, Oct. 28, 2022 (GLOBE NEWSWIRE) -- Paycor HCM, Inc. (NASDAQ:PYCR) ("Paycor"), a leading provider of human capital management (HCM) software, today announced the appointment of Jeremy Rishel to its Board of Directors, effective immediately following the adjournment of the Annual Meeting of Stockholders on October 26, 2022. Mr. Rishel is currently the Chief Technology Officer at SoFi. In this role, Jeremy oversees SoFi's technology strategy and architecture and serves as the Head of Engineering, Product, and Design. Jeremy brings nearly 30 years of experience in technology and engineering, including significant cybersecurity expertise. He holds bachelor's degrees in computer scien
DALLAS, Feb. 10, 2022 /PRNewswire-PRWeb/ -- UniFocus, a leading workforce management platform, announced today that Moneesh Arora will be joining the team as the Company's Chief Executive Officer. Mark Heymann will continue to serve as Founder and Board Director as he focuses on strategic initiatives, new growth markets and innovations that continue to push UniFocus' vision forward. "UniFocus sits at the forefront of one of the biggest crossroads of workforce management in modern history," says Heymann. "Thanks to the efforts of the entire team at UniFocus, no other company is better positioned to help address the issues service industries are facing not only due to the labor crisis but as