Paycor HCM is a holding company with no material operating assets or operations that was formed on August 24, 2018 to effect the acquisition of Paycor, Inc. and its subsidiaries (“Paycor”) by certain investment funds (the “Apax Funds”) advised by Apax Partners LLP, a leading global private equity advisory firm (“Apax Partners”). On September 7, 2018, Paycor HCM, through its subsidiary companies, entered into the Agreement and Plan of Merger to acquire Paycor (the “Apax Acquisition”). The Apax Acquisition closed on November 2, 2018. As a result of the Apax Acquisition, Paycor became an indirect controlled subsidiary of Paycor HCM.
Company profile
Ticker
PYCR
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Microsoft • Oracle • Mobileye Global Inc - Ordinary Shares • Activision Blizzard • Gen Digital • Vmware • Adobe • Salesforce • BlackBerry • Dayforce ...
Former names
PRIDE PARENT, INC.
SEC CIK
Corporate docs
Subsidiaries
Pride Guarantor, Inc. • Paycor, Inc. • Paltech Solutions, Inc. • Nimble Software Systems, Inc. • Paycor Insurance Agency, LLC • Paycor Headquarters, LLC • Hunter Top Sub Ltd. • Talenya Ltd. • Verb, LLC ...
IRS number
831813909
Latest filings (excl ownership)
424B7
Prospectus with selling stockholder info
8 Mar 24
FWP
Free writing prospectus
6 Mar 24
10-Q
2024 Q2
Quarterly report
8 Feb 24
8-K
Paycor Announces Second Quarter Fiscal Year 2024 Financial Results
7 Feb 24
8-K
Departure of Directors or Certain Officers
23 Jan 24
424B7
Prospectus with selling stockholder info
8 Dec 23
FWP
Free writing prospectus
6 Dec 23
POSASR
Automatic shelf registration (post-effective amendment)
6 Dec 23
10-Q
2024 Q1
Quarterly report
9 Nov 23
8-K
Paycor Announces First Quarter Fiscal Year 2024 Financial Results
8 Nov 23
Transcripts
PYCR
Earnings call transcript
2024 Q2
7 Feb 24
PYCR
Earnings call transcript
2024 Q1
8 Nov 23
PYCR
Earnings call transcript
2023 Q2
16 Aug 23
PYCR
Earnings call transcript
2023 Q2
8 Feb 23
PYCR
Earnings call transcript
2022 Q4
24 Aug 22
PYCR
Earnings call transcript
2022 Q3
7 May 22
PYCR
Earnings call transcript
2022 Q2
4 Feb 22
Latest ownership filings
4
Alice L Geene
5 Apr 24
4
Jonathan Corr
5 Apr 24
4
CHARLES STEVEN MUELLER
3 Apr 24
4
Alice L Geene
3 Apr 24
4
ADAM BROOKS ANTE
3 Apr 24
4
RAUL JR. VILLAR
3 Apr 24
4
SARAH KATHRYN HAINES
3 Apr 24
4
RYAN NORMAN BERGSTROM
3 Apr 24
4
Change in insider ownership
8 Mar 24
4
Change in insider ownership
8 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Jun 23 | Jun 22 | Jun 21 | |
---|---|---|---|---|
Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
Cash on hand | ||||
Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 822.86 mm | 822.86 mm | 822.86 mm | 822.86 mm | 822.86 mm | 822.86 mm |
Cash burn (monthly) | 18.73 mm | (no burn) | 7.90 mm | 7.94 mm | 8.71 mm | (no burn) |
Cash used (since last report) | 128.52 mm | n/a | 54.17 mm | 54.49 mm | 59.76 mm | n/a |
Cash remaining | 694.33 mm | n/a | 768.68 mm | 768.37 mm | 763.09 mm | n/a |
Runway (months of cash) | 37.1 | n/a | 97.4 | 96.8 | 87.6 | n/a |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 135 |
Opened positions | 10 |
Closed positions | 30 |
Increased positions | 63 |
Reduced positions | 42 |
13F shares | Current |
---|---|
Total value | 1.49 tn |
Total shares | 180.73 mm |
Total puts | 77.30 k |
Total calls | 25.00 k |
Total put/call ratio | 3.1 |
Largest owners | Shares | Value |
---|---|---|
Pride Aggregator | 112.18 mm | $0.00 |
T. Rowe Price Investment Management | 6.77 mm | $154.49 bn |
Clearbridge Advisors | 5.68 mm | $129.73 bn |
Vanguard | 5.47 mm | $124.97 bn |
JPM JPMorgan Chase & Co. | 4.68 mm | $106.96 bn |
Conestoga Capital Advisors | 4.00 mm | $91.31 bn |
IVZ Invesco | 3.21 mm | $73.38 bn |
Allspring Global Investments | 3.07 mm | $70.04 bn |
Neuberger Berman | 2.95 mm | $67.35 bn |
BLK Blackrock | 2.61 mm | $59.62 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
4 Apr 24 | Alice L Geene | Common Stock | Sell | Dispose S | No | Yes | 18.3853 | 1,577 | 28.99 k | 107,581 |
4 Apr 24 | Jonathan Corr | Common Stock | Sell | Dispose S | No | Yes | 18.299 | 1,508 | 27.59 k | 18,480 |
1 Apr 24 | Sarah Kathryn Haines | Common Stock | Payment of exercise | Dispose F | No | No | 18.86 | 298 | 5.62 k | 33,064 |
1 Apr 24 | Ryan Norman Bergstrom | Common Stock | Payment of exercise | Dispose F | No | No | 18.86 | 1,228 | 23.16 k | 171,202 |
1 Apr 24 | Ryan Norman Bergstrom | Common Stock | Grant | Acquire A | No | No | 0 | 27,007 | 0.00 | 172,430 |
1 Apr 24 | Ryan Norman Bergstrom | Stock Option Common Stock | Grant | Acquire A | No | No | 19.44 | 19,235 | 373.93 k | 19,235 |
1 Apr 24 | Raul JR. Villar | Common Stock | Payment of exercise | Dispose F | No | No | 18.86 | 5,626 | 106.11 k | 528,164 |
News
Needham Reiterates Buy on Paycor HCM, Maintains $42 Price Target
25 Apr 24
Expert Ratings For Paycor HCM
18 Mar 24
Needham Reiterates Buy on Paycor HCM, Maintains $42 Price Target
18 Mar 24
Paycor HCM Reports Pricing Of Public Offering Of 8M Common Shares On Behalf Of Investment Funds Advised By Apax Partners At $20.15 Per Share
7 Mar 24
Paycor HCM Reports Commencement Of Public Offering Of 8M Shares Of Common Stock By Selling Stockholders
6 Mar 24
Press releases
Paycor Announces Date of Third Quarter Fiscal Year 2024 Financial Results
17 Apr 24
Paycor Earns 2024 Top Workplaces USA Award for Fourth Consecutive Year
20 Mar 24
Paycor Named Official HR & Payroll Provider of the Los Angeles Rams, SoFi Stadium and Hollywood Park
14 Mar 24
Paycor Named an Accelerator in the Nucleus Research 2024 Enterprise HCM Technology Value Matrix
13 Mar 24
Paycor Announces Pricing of Offering of Common Stock by Selling Stockholders
7 Mar 24