Welcome to our dedicated page for Paycor Hcm news (Ticker: PYCR), a resource for investors and traders seeking the latest updates and insights on Paycor Hcm stock.
Paycor HCM, Inc. (NASDAQ: PYCR) provides cloud-based human capital management solutions transforming how mid-sized organizations manage HR, payroll, and talent development. This news hub offers investors and HR professionals direct access to official updates that impact workforce technology trends and corporate strategy.
Track critical developments through verified press releases covering financial results, product enhancements, leadership appointments, and strategic partnerships. Our curated collection helps stakeholders monitor operational milestones in payroll innovation, HR analytics advancements, and SaaS platform expansions.
Key updates include quarterly earnings disclosures, regulatory filings, technology certifications, and customer growth metrics. Bookmark this page for timely notifications about system integrations, compliance updates, and market positioning moves within the competitive HR software landscape.
For comprehensive understanding of Paycor's evolving role in modern workforce management, revisit regularly to access primary source materials and data-driven analysis of corporate announcements.
Paychex (Nasdaq: PAYX) has completed its acquisition of Paycor HCM in an all-cash transaction valued at $22.50 per share, representing approximately $4.1 billion in enterprise value. The merger combines two human capital management (HCM) industry leaders, strengthening Paychex's upmarket position.
The combined entity will offer the most comprehensive HCM portfolio in the industry, featuring AI-enabled technology and enhanced service capabilities. The integration is expected to generate annual cost synergies exceeding $80 million in fiscal 2026, with substantial revenue synergy opportunities anticipated over the coming years. The transaction is expected to be accretive to adjusted diluted EPS in fiscal 2026.
Paychex maintains its commitment to its dividend policy and strong balance sheet while pursuing this strategic expansion. The integration strategy will focus on accelerating sales expansion and product innovation to drive growth.
Paychex (NASDAQ: PAYX) has announced a significant milestone in its planned acquisition of Paycor HCM (NASDAQ: PYCR), as the waiting period under the Hart-Scott Rodino Antitrust Improvements Act has expired. This development marks the completion of one of the major conditions required for closing the acquisition of Paycor, a leading HCM, payroll and talent software provider.
The transaction remains subject to other customary closing conditions and is anticipated to close within the first half of calendar year 2025. Paychex, an industry-leading human capital management company, offers comprehensive technology and advisory solutions in human resources, employee benefits, insurance, and payroll services.
Paycor HCM (PYCR) reported strong financial results for Q2 FY2025, with total revenues reaching $180.4 million, up 13% year-over-year. Recurring revenues grew 14% to $167.4 million. The company achieved an operating profit of $1.2 million, compared to a loss of $26.2 million in Q2 FY2024.
The most significant development is Paycor's pending acquisition by Paychex in an all-cash transaction valued at approximately $4.1 billion, or $22.50 per share, representing a 19% premium over the 30-day volume weighted average trading price. The merger is expected to close in the first half of 2025, subject to regulatory approvals. Upon completion, Paycor will become a wholly-owned subsidiary of Paychex and will be delisted from Nasdaq.
PDI Technologies has announced its entry into an embedded partner program with Paycor HCM (Nasdaq: PYCR) to integrate Paycor's comprehensive human capital management solution into PDI Enterprise. The integration aims to provide convenience retail and wholesale petroleum operators with enhanced workforce management capabilities.
The partnership combines PDI's expertise in convenience and petroleum wholesale with Paycor's cloud-based HCM solutions, offering features including HR and payroll software, talent acquisition, talent management, workforce management, and benefits administration. The integration maintains PDI Workforce's popular labor scheduling function with its forecasting engine.
The embedded solution creates a seamless user experience connecting business operations with HCM tools, designed to help operators streamline workforce planning, processes, and execution.
Paycor HCM (Nasdaq: PYCR) has announced it will release its financial results for Q2 FY2025 after U.S. market close on February 5, 2025. The results will cover the period ended December 31, 2024. Due to the previously announced definitive agreement to be acquired by Paychex on January 7, 2025, the company will not conduct an earnings conference call or webcast to discuss these quarterly results.
Paychex (NASDAQ: PAYX) has entered into a definitive agreement to acquire Paycor HCM (NASDAQ: PYCR) in an all-cash transaction valued at $22.50 per share, representing a total enterprise value of $4.1 billion. The deal marks the exit of Apax Partners, which acquired a majority stake in Paycor in November 2018 for $1.3 billion and subsequently took the company public in July 2021.
Under Apax's ownership, Paycor has undergone significant transformation, tripling in size through strategic investments in product development and customer service. The company expanded into tier one cities across North America and established itself as a leading HCM platform for the mid-market segment. Goldman Sachs is serving as Paycor's exclusive financial advisor, with Kirkland & Ellis LLP acting as legal advisor.
Paychex (PAYX) has announced a definitive agreement to acquire Paycor HCM in an all-cash transaction valued at $22.50 per share, representing an enterprise value of approximately $4.1 billion. The acquisition will create one of the most comprehensive human capital management (HCM) solution suites in the industry.
Paycor, headquartered in Cincinnati, serves over 49,000 clients and supports approximately 2.7 million employees across the United States with its 2,900 employees. The transaction represents a 19% premium over Paycor's 30-day volume weighted average trading price as of January 3, 2025.
The deal is expected to generate run-rate cost synergies exceeding $80 million in the near term, with substantial revenue synergy opportunities. The acquisition is anticipated to be neutral to slightly accretive to adjusted diluted EPS in the first fiscal year post-close and accretive thereafter. The transaction is expected to close in the first half of calendar 2025, subject to regulatory approvals.
Paycor HCM (Nasdaq: PYCR), a provider of human capital management software, announced its participation in the UBS Global Technology and AI Conference in Scottsdale, Arizona. The company's management will deliver a presentation on Wednesday, December 4, 2024, at 12:55 pm Mountain Time. The presentation will be available via live webcast and temporarily accessible for replay through Paycor's investor relations website.
Paycor HCM reported strong Q1 FY2025 results with total revenues of $167.5 million, up 17% year-over-year, and recurring revenues of $154.0 million, up 16%. Operating loss improved 39% to $14.3 million, while adjusted operating income increased 43% to $22.8 million. The company launched Paycor Assistant, an AI-powered HR companion, and introduced the Paycor Integration Platform connecting to over 320 technology partners. For FY2025, Paycor projects revenues between $726.0-$733.0 million, representing 12% growth at the range's top end.
Paycor HCM (Nasdaq: PYCR) announced the launch of Paycor Assistant, an AI-powered HR companion designed to streamline HR operations. The new tool features intelligent search with a chat-like interface, HR document search and summarization capabilities, and an administrative dashboard for productivity tracking.
The assistant aims to reduce administrative tasks and enable leaders to focus on strategic objectives. Key features include contextual search for HR actions, generative AI-powered policy question answering, and customizable productivity metrics. The solution will be available to all customers in Spring 2025.
