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

Paycor HCM, Inc. (NASDAQ:PYCR) has been assigned an average rating of “Hold” from the twelve ratings firms that are covering the firm, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $27.35.

A number of research analysts have recently commented on PYCR shares. Jefferies Financial Group reaffirmed a “hold” rating and set a $22.00 price objective (down previously from $27.00) on shares of Paycor HCM in a research report on Friday, January 5th. BTIG Research started coverage on shares of Paycor HCM in a research report on Tuesday, February 6th. They set a “buy” rating and a $26.00 price objective for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $42.00 price objective on shares of Paycor HCM in a research report on Monday, March 18th.

Insider Activity at Paycor HCM

In other Paycor HCM news, Director Jonathan Corr sold 1,508 shares of the stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $18.30, for a total value of $27,596.40. Following the sale, the director now directly owns 18,480 shares in the company, valued at $338,184. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Alice L. Geene sold 1,577 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $18.39, for a total transaction of $29,001.03. Following the sale, the insider now directly owns 107,581 shares in the company, valued at $1,978,414.59. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jonathan Corr sold 1,508 shares of the firm’s stock in a transaction 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 sale, the director now owns 18,480 shares in the company, valued at $338,184. The disclosure for this sale can be found here. Insiders have sold 4,513 shares of company stock worth $85,372 over the last ninety days. Company insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Paycor HCM

A number of hedge funds and other institutional investors have recently made changes to their positions in PYCR. Deutsche Bank AG bought a new position in Paycor HCM in the first quarter valued at $36,000. Advisors Asset Management Inc. grew its position in shares of Paycor HCM by 109.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,808 shares of the company’s stock valued at $41,000 after acquiring an additional 945 shares during the period. State of Wyoming grew its position in shares of Paycor HCM by 67.3% in the 2nd quarter. State of Wyoming now owns 2,046 shares of the company’s stock valued at $48,000 after acquiring an additional 823 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Paycor HCM by 210.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,083 shares of the company’s stock valued at $49,000 after acquiring an additional 1,412 shares during the period. Finally, MetLife Investment Management LLC grew its position in shares of Paycor HCM by 70.7% in the 2nd quarter. MetLife Investment Management LLC now owns 2,147 shares of the company’s stock valued at $51,000 after acquiring an additional 889 shares during the period. 36.76% of the stock is currently owned by institutional investors and hedge funds.

Paycor HCM Price Performance

Paycor HCM stock opened at $17.06 on Wednesday. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of -35.54, a P/E/G ratio of 5.96 and a beta of 0.50. Paycor HCM has a fifty-two week low of $17.05 and a fifty-two week high of $27.50. The firm has a fifty day moving average price of $19.59 and a two-hundred day moving average price of $20.62.

Paycor HCM (NASDAQ:PYCR) last released its earnings results 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). The firm had revenue of $159.54 million for the quarter, compared to analyst estimates of $155.49 million. Paycor HCM had a positive return on equity of 1.28% and a negative net margin of 13.82%. As a group, sell-side analysts expect that Paycor HCM will post 0.15 earnings per share for the current year.

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.