Paycor HCM, Inc. (NASDAQ:PYCR) Insider Sells $20,264.45 in Stock

Paycor HCM, Inc. (NASDAQ:PYCR) insider Alice L. Geene sold 1,577 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $12.85, for a total transaction of $20,264.45. Following the completion of the transaction, the insider now owns 103,918 shares of the company’s stock, valued at approximately $1,335,346.30. The sale was disclosed in a filing with the SEC, which is available at this link.

Paycor HCM Stock Down 5.9 %

Shares of PYCR opened at $12.29 on Thursday. The company has a 50-day simple moving average of $13.24 and a 200-day simple moving average of $17.34. The company has a market capitalization of $2.19 billion, a PE ratio of -29.97, a P/E/G ratio of 2.50 and a beta of 0.41. Paycor HCM, Inc. has a 52-week low of $10.92 and a 52-week high of $27.50.

Paycor HCM (NASDAQ:PYCR) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $187.02 million during the quarter, compared to the consensus estimate of $186.35 million. Paycor HCM had a negative net margin of 11.11% and a positive return on equity of 2.09%. On average, research analysts anticipate that Paycor HCM, Inc. will post 0.19 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Mizuho lowered their target price on shares of Paycor HCM from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. JMP Securities decreased their price target on shares of Paycor HCM from $32.00 to $30.00 and set a “market outperform” rating for the company in a research note on Thursday, May 9th. Jefferies Financial Group decreased their price target on shares of Paycor HCM from $14.00 to $11.00 and set a “hold” rating for the company in a research note on Monday, June 24th. Stifel Nicolaus decreased their price target on shares of Paycor HCM from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Finally, Robert W. Baird decreased their price target on shares of Paycor HCM from $36.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Paycor HCM has an average rating of “Hold” and an average price target of $23.56.

Institutional Investors Weigh In On Paycor HCM

A number of large investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. grew its stake in Paycor HCM by 52.4% in the 1st quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company’s stock valued at $67,000 after acquiring an additional 1,178 shares during the last quarter. Renaissance Capital LLC grew its stake in Paycor HCM by 3.0% in the 1st quarter. Renaissance Capital LLC now owns 42,319 shares of the company’s stock valued at $823,000 after acquiring an additional 1,230 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Paycor HCM by 12.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,695 shares of the company’s stock valued at $296,000 after acquiring an additional 1,536 shares during the last quarter. Wrapmanager Inc. grew its stake in Paycor HCM by 18.1% in the 4th quarter. Wrapmanager Inc. now owns 11,669 shares of the company’s stock valued at $252,000 after acquiring an additional 1,786 shares during the last quarter. Finally, CWM LLC grew its stake in Paycor HCM by 950.7% in the 2nd quarter. CWM LLC now owns 2,385 shares of the company’s stock valued at $30,000 after acquiring an additional 2,158 shares during the last quarter. 36.76% of the stock is owned by institutional investors and hedge funds.

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.