Paycor HCM, Inc. (NASDAQ:PYCR) Given Average Rating of “Hold” by Brokerages

Paycor HCM, Inc. (NASDAQ:PYCR) has been given a consensus recommendation of “Hold” by the fifteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $25.25.

Several analysts have recently weighed in on PYCR shares. Stifel Nicolaus reduced their price target on Paycor HCM from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Paycor HCM from $21.00 to $19.00 and set a “hold” rating on the stock in a report on Thursday. Mizuho dropped their price target on shares of Paycor HCM from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday. BTIG Research began coverage on shares of Paycor HCM in a research note on Tuesday, February 6th. They issued a “buy” rating and a $26.00 price objective on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $42.00 target price on shares of Paycor HCM in a research report on Thursday.

Paycor HCM Stock Performance

NASDAQ PYCR opened at $14.50 on Friday. The firm’s fifty day moving average price is $18.31 and its two-hundred day moving average price is $19.76. The stock has a market cap of $2.58 billion, a PE ratio of -35.36, a PEG ratio of 5.01 and a beta of 0.54. Paycor HCM has a fifty-two week low of $13.92 and a fifty-two week high of $27.50.

Paycor HCM (NASDAQ:PYCR) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Paycor HCM had a positive return on equity of 2.10% and a negative net margin of 11.11%. The firm had revenue of $159.54 million for the quarter, compared to the consensus estimate of $155.49 million. As a group, sell-side analysts predict that Paycor HCM will post 0.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Paycor HCM news, insider Alice L. Geene sold 1,577 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $18.39, for a total transaction of $29,001.03. Following the transaction, the insider now directly owns 107,581 shares in the company, valued at approximately $1,978,414.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Jonathan Corr sold 1,508 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $18.30, for a total transaction of $27,596.40. Following the transaction, the director now directly owns 18,480 shares of the company’s stock, valued at approximately $338,184. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Alice L. Geene sold 1,577 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $18.39, for a total value of $29,001.03. Following the completion of the transaction, the insider now owns 107,581 shares in the company, valued at approximately $1,978,414.59. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Paycor HCM

Institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC increased its stake in Paycor HCM by 1,824.7% during the 4th quarter. International Assets Investment Management LLC now owns 3,195 shares of the company’s stock valued at $69,000 after purchasing an additional 3,029 shares in the last quarter. Covestor Ltd increased its position in shares of Paycor HCM by 48.6% during the third quarter. Covestor Ltd now owns 3,589 shares of the company’s stock worth $82,000 after acquiring an additional 1,174 shares in the last quarter. Handelsbanken Fonder AB acquired a new stake in shares of Paycor HCM in the 4th quarter worth about $203,000. Archford Capital Strategies LLC bought a new position in Paycor HCM in the 1st quarter valued at about $206,000. Finally, Hardy Reed LLC acquired a new position in Paycor HCM during the 1st quarter valued at about $223,000. 36.76% of the stock is owned by institutional investors and hedge funds.

About Paycor HCM

Paycor HCM, Inc, together with its subsidiaries, provides software-as-a-service (SaaS) human capital management (HCM) solutions for small and medium-sized businesses (SMBs) primarily in the United States. It offers cloud-native platform to address the comprehensive people management needs of SMB leaders.