Jared Levine: Got it. And then in terms of the current pricing environment for PEO clients, is more discounting required to make that ROI more attractive for prospective clients currently?
Kelly Tuminelli: Yeah. We — our pricing process is very similar. From a Zenefits perspective, we price to risk. On the professional service revenue side, everyone is taking a little bit longer to make decisions in this environment for sure. We have run specials from time-to-time. But I do think that we have gotten really great adoption. So we are sticking with our tenants. When you look year-over-year, our rate contribution to professional service revenues was low single digits. So kind of low-to-mid single digit is the range that we saw.
Jared Levine: Got it. And if I could sneak in one more, are you still expecting around $50 million for Zenefits for FY 2023?
Kelly Tuminelli: It might be a little bit pressured from that. But I think the big point to rotate on is that, I think, we had $11 million in the quarter. So if you just think of that from a run rate perspective, obviously, that would be very difficult to hit the $50 million on a full year basis. But what we are doing is we are trying to manage the cost side of the equation so that we are hitting that breakeven by 2024.
Jared Levine: Got it. Thank you.
Burton M. Goldfield: Thank you.
Operator: [Operator Instructions] The next question is from Kyle Peterson with Needham. Please go ahead.
Kyle Peterson: Hi.
Burton M. Goldfield: Welcome, Kyle.
Kyle Peterson: Thank you. Good afternoon, guys. Thanks for taking the questions here. I wanted to start on professional services, looking at kind of the midpoint of the 3Q and the 4Q guide, it seems like you guys are expecting a little bit of a dip in 3Q and then some improvement in the fourth quarter, at least looking at things on a year-over-year basis. So I just wanted to get some more color on what’s driving the strength? Is that some of the momentum and better trends that you guys saw in June or is there anything else in terms of the pipeline that maybe you guys want to call out that and gives us a little bit of comfort in the 4Q growth trajectory?
Kelly Tuminelli: Well, Kyle, probably the biggest thing driving it when you are looking year-over-year is if you think about 2022 we had really strong hiring in the first half of the year and then it slowed down pretty precipitously particularly in technology and that’s where we saw the biggest pressure. So that is really driving. The cumulative CIE impact is really what’s driving the pressure just that along with normal levels of attrition as well. But what I am looking at and you will see that the guide does include sequential growth in professional service revenue and that’s really what I think we are trying to build on is really that sequential momentum.
Kyle Peterson: Okay. On the buyback and great to see the authorization upped by a pretty substantial amount. I know you guys bought back a fairly modest amount, I think, you said $9 million in the prepared remarks this past quarter. But just wanted to get some color on how you guys are thinking about capital return moving forward, I guess, just given, like, did you pause the buyback at any point during the 2Q, during some of the regional banks volatility or how should we think about the run rate of share repurchases, excluding maybe something that might be a bit larger and require external financing like you referenced?
