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

Paycor HCM, Inc. (NASDAQ:PYCR) has been assigned a consensus recommendation of “Hold” from the twelve analysts that are covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $27.35.

A number of analysts have recently issued reports on the stock. BTIG Research initiated 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 for the company. Needham & Company LLC restated a “buy” rating and set a $42.00 target price on shares of Paycor HCM in a research report on Monday, March 18th. Finally, Jefferies Financial Group restated a “hold” rating and set a $22.00 target price (down previously from $27.00) on shares of Paycor HCM in a research report on Friday, January 5th.

Insider Transactions at Paycor HCM

In other news, Director Jonathan Corr sold 1,508 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $18.30, for a total value of $27,596.40. Following the completion of the sale, the director now owns 18,480 shares in the company, valued at approximately $338,184. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Jonathan Corr sold 1,508 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were 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 of the company’s stock, valued at approximately $338,184. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Alice L. Geene sold 1,577 shares of the firm’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 completion of the transaction, the insider now directly owns 107,581 shares in the company, valued at approximately $1,978,414.59. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PYCR. Deutsche Bank AG purchased a new position in Paycor HCM in the 1st quarter worth about $36,000. Advisors Asset Management Inc. increased its position in Paycor HCM by 109.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,808 shares of the company’s stock valued at $41,000 after purchasing an additional 945 shares during the period. State of Wyoming increased its position in Paycor HCM by 67.3% during the 2nd quarter. State of Wyoming now owns 2,046 shares of the company’s stock valued at $48,000 after purchasing an additional 823 shares during the period. Tower Research Capital LLC TRC increased its position in Paycor HCM by 210.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,083 shares of the company’s stock valued at $49,000 after purchasing an additional 1,412 shares during the period. Finally, MetLife Investment Management LLC boosted its holdings 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 buying an additional 889 shares in the last quarter. Hedge funds and other institutional investors own 36.76% of the company’s stock.

Paycor HCM Trading Up 1.7 %

Shares of PYCR stock opened at $16.97 on Wednesday. Paycor HCM has a 12 month low of $16.56 and a 12 month high of $27.50. The stock has a market cap of $3.02 billion, a P/E ratio of -35.35, a P/E/G ratio of 5.67 and a beta of 0.50. The company has a 50 day simple moving average of $19.40 and a two-hundred day simple moving average of $20.49.

Paycor HCM (NASDAQ:PYCR) last announced its earnings results on Wednesday, February 7th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The business had revenue of $159.54 million for the quarter, compared to analysts’ expectations of $155.49 million. Paycor HCM had a negative net margin of 13.82% and a positive return on equity of 1.28%. As a group, equities analysts forecast that Paycor HCM will post 0.15 earnings per share for the current year.

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.