Paycor HCM, Inc. (NASDAQ:PYCR) Receives Consensus Rating of “Hold” from Brokerages

Shares of Paycor HCM, Inc. (NASDAQ:PYCR) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $27.35.

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

Insiders Place Their Bets

In other Paycor HCM news, insider Alice L. Geene sold 1,428 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $20.15, for a total transaction of $28,774.20. Following the transaction, the insider now owns 111,543 shares in the company, valued at approximately $2,247,591.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Jonathan Corr sold 1,508 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $338,184. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alice L. Geene sold 1,428 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $20.15, for a total value of $28,774.20. Following the sale, the insider now directly owns 111,543 shares in the company, valued at approximately $2,247,591.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,513 shares of company stock worth $85,372. Company insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Paycor HCM

Several institutional investors have recently modified their holdings of the company. Deutsche Bank AG purchased a new stake in Paycor HCM in the 1st quarter valued at approximately $36,000. Advisors Asset Management Inc. lifted its stake in shares of Paycor HCM by 109.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,808 shares of the company’s stock worth $41,000 after purchasing an additional 945 shares during the period. State of Wyoming lifted its stake in shares of Paycor HCM by 67.3% during the 2nd quarter. State of Wyoming now owns 2,046 shares of the company’s stock worth $48,000 after purchasing an additional 823 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Paycor HCM by 210.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,083 shares of the company’s stock worth $49,000 after purchasing an additional 1,412 shares during the period. Finally, MetLife Investment Management LLC lifted its stake in shares of Paycor HCM by 70.7% during the 2nd quarter. MetLife Investment Management LLC now owns 2,147 shares of the company’s stock worth $51,000 after purchasing an additional 889 shares during the period. Hedge funds and other institutional investors own 36.76% of the company’s stock.

Paycor HCM Stock Down 2.1 %

PYCR stock opened at $17.06 on Wednesday. The business has a fifty day moving average of $19.59 and a two-hundred day moving average of $20.62. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of -35.54, a price-to-earnings-growth ratio of 5.96 and a beta of 0.50. Paycor HCM has a 52-week low of $17.05 and a 52-week high of $27.50.

Paycor HCM (NASDAQ:PYCR) last posted its earnings results on Wednesday, February 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business 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 anticipate that Paycor HCM will post 0.15 EPS 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.