Paycor HCM (NASDAQ:PYCR) Trading Down 2.7%

Paycor HCM, Inc. (NASDAQ:PYCR) fell 2.7% during mid-day trading on Friday . The stock traded as low as $18.85 and last traded at $19.00. 45,079 shares were traded during mid-day trading, a decline of 91% from the average session volume of 497,092 shares. The stock had previously closed at $19.52.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PYCR. Needham & Company LLC reissued a “buy” rating and issued a $42.00 price target on shares of Paycor HCM in a research report on Thursday, August 17th. DA Davidson lowered their price target on shares of Paycor HCM from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Thursday, August 17th. Jefferies Financial Group upped their target price on shares of Paycor HCM from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, August 17th. Truist Financial decreased their target price on shares of Paycor HCM from $40.00 to $38.00 in a report on Wednesday, July 12th. Finally, Citigroup decreased their target price on shares of Paycor HCM from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Tuesday, October 24th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Paycor HCM currently has an average rating of “Hold” and an average target price of $28.93.

Paycor HCM Stock Performance

The company has a market cap of $3.19 billion, a PE ratio of -33.33, a PEG ratio of 10.36 and a beta of 0.56. The stock’s 50 day moving average price is $22.96 and its 200-day moving average price is $23.37.

Paycor HCM (NASDAQ:PYCR) last announced its quarterly earnings data on Wednesday, August 16th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Paycor HCM had a negative net margin of 16.87% and a positive return on equity of 0.43%. The company had revenue of $140.04 million during the quarter, compared to analysts’ expectations of $136.47 million. On average, analysts anticipate that Paycor HCM, Inc. will post 0.11 EPS for the current year.

Insider Activity

In other news, Director Scott David Miller purchased 3,000 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was bought at an average cost of $22.42 per share, for a total transaction of $67,260.00. Following the acquisition, the director now directly owns 188,437 shares of the company’s stock, valued at approximately $4,224,757.54. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.39% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Paycor HCM

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PYCR. Raymond James & Associates raised its holdings in Paycor HCM by 55.3% during the 1st quarter. Raymond James & Associates now owns 36,562 shares of the company’s stock valued at $1,064,000 after buying an additional 13,021 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Paycor HCM by 14.4% during the 1st quarter. Bank of New York Mellon Corp now owns 173,629 shares of the company’s stock valued at $5,055,000 after buying an additional 21,808 shares during the last quarter. US Bancorp DE raised its holdings in Paycor HCM by 31.1% during the 1st quarter. US Bancorp DE now owns 7,683 shares of the company’s stock valued at $224,000 after buying an additional 1,822 shares during the last quarter. Citigroup Inc. raised its holdings in Paycor HCM by 1,025.1% in the 1st quarter. Citigroup Inc. now owns 163,112 shares of the company’s stock worth $4,748,000 after purchasing an additional 148,614 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Paycor HCM by 63.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,435 shares of the company’s stock worth $305,000 after purchasing an additional 4,053 shares in the last quarter. 36.76% of the stock is currently owned by institutional investors.

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.