Paycor HCM (NASDAQ:PYCR) Earns “Buy” Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Paycor HCM (NASDAQ:PYCR) in a report released on Thursday morning, Benzinga reports. They currently have a $42.00 target price on the stock.

Several other research firms also recently weighed in on PYCR. DA Davidson dropped their target price 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. BMO Capital Markets decreased their price objective on shares of Paycor HCM from $27.00 to $24.00 and set a market perform rating for the company in a research note on Thursday, August 17th. Citigroup decreased their price objective on shares of Paycor HCM from $26.00 to $25.00 and set a neutral rating for the company in a research note on Tuesday, October 24th. UBS Group started coverage on shares of Paycor HCM in a research note on Tuesday, November 7th. They set a neutral rating and a $20.00 price objective for the company. Finally, TheStreet upgraded shares of Paycor HCM from a d+ rating to a c- rating in a research note on Wednesday, October 18th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $27.94.

Paycor HCM Trading Up 1.8 %

NASDAQ:PYCR opened at $18.98 on Thursday. The company has a market cap of $3.36 billion, a PE ratio of -38.73, a P/E/G ratio of 9.90 and a beta of 0.56. Paycor HCM has a twelve month low of $17.13 and a twelve month high of $29.98. The company’s 50 day moving average is $22.43 and its two-hundred day moving average is $23.15.

Paycor HCM (NASDAQ:PYCR) last released its earnings results on Wednesday, November 8th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.04. The company had revenue of $143.59 million for the quarter, compared to the consensus estimate of $139.51 million. Paycor HCM had a negative net margin of 14.66% and a positive return on equity of 1.03%. As a group, analysts expect that Paycor HCM will post 0.11 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Scott David Miller acquired 3,000 shares of Paycor HCM stock in a transaction 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 completion of the transaction, the director now owns 188,437 shares of the company’s stock, valued at approximately $4,224,757.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.39% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Paycor HCM

A number of large investors have recently added to or reduced their stakes in PYCR. Deutsche Bank AG purchased a new stake in shares of Paycor HCM during the first quarter worth $36,000. State of Wyoming grew its holdings in shares of Paycor HCM by 67.3% during the second quarter. State of Wyoming now owns 2,046 shares of the company’s stock worth $48,000 after buying an additional 823 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Paycor HCM by 210.4% during the second quarter. Tower Research Capital LLC TRC now owns 2,083 shares of the company’s stock worth $49,000 after buying an additional 1,412 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of Paycor HCM by 70.7% during the second quarter. MetLife Investment Management LLC now owns 2,147 shares of the company’s stock worth $51,000 after buying an additional 889 shares in the last quarter. Finally, Amundi purchased a new stake in shares of Paycor HCM during the fourth quarter worth $62,000. 36.76% of the stock is currently owned by institutional investors and hedge funds.

Paycor HCM Company Profile

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.