Paycor HCM (NASDAQ:PYCR) Stock Rating Reaffirmed by Needham & Company LLC

Paycor HCM (NASDAQ:PYCR)‘s stock had its “buy” rating reaffirmed by investment analysts at Needham & Company LLC in a research note issued on Thursday, Benzinga reports. They currently have a $42.00 price objective on the stock. Needham & Company LLC’s target price points to a potential upside of 135.16% from the company’s previous close.

A number of other equities research analysts also recently commented on PYCR. Jefferies Financial Group reaffirmed a “hold” rating and issued 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 began coverage on Paycor HCM in a research report on Tuesday, February 6th. They issued a “buy” rating and a $26.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Paycor HCM has a consensus rating of “Hold” and a consensus target price of $27.35.

Paycor HCM Stock Performance

Shares of PYCR stock opened at $17.86 on Thursday. The stock has a fifty day moving average price of $19.12 and a 200 day moving average price of $20.32. The stock has a market cap of $3.18 billion, a PE ratio of -37.21, a P/E/G ratio of 5.93 and a beta of 0.50. Paycor HCM has a 1 year low of $16.56 and a 1 year high of $27.50.

Paycor HCM (NASDAQ:PYCR) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The company had revenue of $159.54 million for the quarter, compared to analysts’ expectations 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, equities research analysts predict that Paycor HCM will post 0.15 earnings per share for the current year.

Insider Buying and Selling at Paycor HCM

In other Paycor HCM news, Director Jonathan Corr sold 1,508 shares of the business’s stock in a transaction dated 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 owns 18,480 shares in the company, valued at $338,184. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Paycor HCM news, insider Alice L. Geene sold 1,577 shares of the business’s stock in a transaction dated 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 owns 107,581 shares in the company, valued at $1,978,414.59. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jonathan Corr sold 1,508 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $18.30, for a total value of $27,596.40. Following the transaction, the director now owns 18,480 shares in the company, valued at approximately $338,184. The disclosure for this sale can be found here. 0.39% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PYCR. Bank of New York Mellon Corp lifted its stake in shares of Paycor HCM by 6.6% in the third quarter. Bank of New York Mellon Corp now owns 234,161 shares of the company’s stock worth $5,346,000 after acquiring an additional 14,536 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Paycor HCM by 24.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,465 shares of the company’s stock worth $307,000 after acquiring an additional 2,647 shares in the last quarter. TD Asset Management Inc lifted its stake in shares of Paycor HCM by 29.6% in the third quarter. TD Asset Management Inc now owns 112,176 shares of the company’s stock worth $2,561,000 after acquiring an additional 25,642 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Paycor HCM by 7.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,068,092 shares of the company’s stock worth $70,045,000 after acquiring an additional 215,084 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Paycor HCM by 10.3% in the third quarter. Fifth Third Bancorp now owns 23,846 shares of the company’s stock worth $544,000 after acquiring an additional 2,228 shares in the last quarter. Institutional investors and hedge funds own 36.76% of the company’s stock.

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.