HR Tech Stock Index - HRTA
HR Technology Stocks
Down .07%
Lags S&P 500 by 10.08%
Based on Q1 2024 results
HOW HEALTHY IS THE HR TECH MARKET?
Welcome to the HR Tech Stock Index (HRTA), your essential resource for HR professionals, designed to track the financial health of the top HR technology companies through our unique index. The HR Tech Stock Index is comprised of public firms primarily focused on HR, payroll, recruitment, and performance management software solutions.
Why is it important to pay attention to the financial viability of HR technology vendors?
Why focus on HR tech vendor finances? It's simple: they play a critical role in managing your most vital asset – your people. From recruitment to engagement, HR tech drives business success. Monitoring vendor stock performance provides valuable insights. Falling stock prices may indicate trouble, impacting R&D and support function investments. Conversely, strong stock performance signals stability and innovation potential.
Additionally, it is important to note that many HR Tech vendors are private companies such as BambooHR, iSolved, Rippling, and UKG. Evaluating the financial viability of private companies is more challenging. Of course, when considering the right solution, financial viability is just one factor. Also, financial health can change over time and it is prudent to keep informed of your vendor's performance as part of your ongoing vendor risk assessments.
HR Tech Stock Index (HRTA) vs S&P 500
The HR Tech Stock Index is an equally weighted index of the stock prices of each of the 7 publicly traded HR Tech companies:
- ADP
- Ceridian
- Paychex
- Paycom
- Paycor
- Paylocity
- Workday
We use a comparison to the S&P 500 as a benchmark to compare the HR Tech Stock index to the performance of the broader market. The 7 companies included in the index have a total market capitalization of over $200B. The HR Technology industry is strong and thriving.
Disclaimer: This information is not intended to be investment advice. Seek a licensed professional for investment advice.
Note: If viewing on a mobile device - - turn your phone horizontally to see the HRTA performance graph.
HR Product Comparison -
At a Glance
Compare the top Small & Mid-Market HCM solutions on 20 different aspects of feature/functionality.
2024 Individual Company Performance
Insights: Q1 2024 was solid for many HR Tech companies. Only 5 of the 7 have positive returns. ADP and Paylocity experienced the largest gains, while Paycor, Paycom have experienced declines. Workday, is often the HR Tech stock return leader, had a sluggish quarter. Workday's Q1 stock performance was 5 out of the 7 stocks.
Note: Public HR Tech Companies rarely match the fiscal and calendar years. It may be confusing to see Q1 2024 results for one vendor and Q3 or Q4 results for others. It confuses us, too.
2024 Q1 Returns
ADP (ADP)
7.60%
ADP had a Q1 2024 return of 7.60%.
ADP paid a per-share dividend of $1.40 in 2024. The current dividend yield is 2.24%
Q3 2024 Results
(May 2024)
Revenues increased 7% compared to last year's third quarter to $5.3 billion; 6% organic constant currency
Net earnings increased 14% to $1.2 billion, and adjusted net earnings increased 13% to $1.2 billion
Dayforce (DAY)
5.30%
Dayforce (formerly Ceridian) had a Q1 2024 return of 5.30%.
Dayforce does not pay a dividend.
Q1 2024 Results
(May 2024)
Recurring revenue of $337.2 million, up 24.3%
Total revenue of $431.5 million, up 16.4%
Operating profit of $40.7 million
Paychex (PAYX)
4.94%
Paychex had a Q1 2024 return of 4.94%.
Paychex paid a per-share dividend of $3.56 in 2024. The current dividend yield is 2.90%
Q3 2024 Results
(April 2024)
Total revenue increased to $1.4 billion for the third quarter, growth of 4% over the prior year period.
Operating income grew 6% to $649.8 million for the third quarter.
Paycom (PAYC)
(2.53%)
Paycor had a Q1 2024 return of (2.53%) return.
Paycor paid its first dividend on June 11, 2023. It paid Q1 2024 dividends of $1.50. The current dividend yield is .75%
Q1 2024 Results
(May 2024)
Total Revenues of $499.9 million represented a 10.7% increase compared to same period last year.
First Quarter GAAP Net Income was $247.2 million, or $4.37 per diluted share, compared to GAAP net income of $119.3 million, or $2.06 per diluted share, in the same period last year.
Paycor (PYCR)
(7.43%)
Paycor had a Q1 2024 return of (7.43%) return.
Paycom does not pay a dividend.
Q2 2024 Results
(Feb 2024)
Q2 Total revenues of $159.5 million, an increase of 20% year-over-year
Q2 Recurring revenue of $147.2 million, an increase of 18% year-over-year
Paylocity Holdings (PCTY)
5.57%
Paylocity had a Q1 2024 return of 5.57%.
Paylocity does not pay a dividend.
Q1 2024 Results
(May 2024)
Q3 2024 Recurring & Other Revenue of $366.8 million, up 17% year-over-year
Q3 2024 Total Revenue of $401.3 million, up 18% year-over-year
Workday (WDAY)
1.67%
Workday had a Q1 2024 return of 1.67% return.
Workday does not pay a dividend.
Q4 2024 Results
(Feb 2024)
Fiscal Fourth Quarter Total Revenues of $1.9 Billion, Up 17% Year Over Year
Subscription Revenues of $1.8 Billion, Up 18% Year Over Year
2024 Performance from Jan 1st - Mar 281th, 2024. Performance returns are updated quarterly. HRTA is an equally weighted stock index. Dividend-paying stocks' performance are inclusive of dividends.
