Paycor HCM (NASDAQ:PYCR) Research Coverage Started at Stephens

Stephens assumed coverage on shares of Paycor HCM (NASDAQ:PYCR) in a research note published on Wednesday, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $18.00 price objective on the stock.

A number of other equities analysts also recently weighed in on PYCR. Citigroup boosted their target price on shares of Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Mizuho dropped their target price on shares of Paycor HCM from $19.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, July 23rd. Jefferies Financial Group cut their target price 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. The Goldman Sachs Group lowered their price target on Paycor HCM from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, August 16th. Finally, JPMorgan Chase & Co. dropped their price objective on Paycor HCM from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.31.

Paycor HCM Stock Up 1.5 %

Paycor HCM stock opened at $14.36 on Wednesday. The company has a 50 day moving average of $13.85 and a 200-day moving average of $14.01. The stock has a market capitalization of $2.56 billion, a PE ratio of -35.02, a price-to-earnings-growth ratio of 4.14 and a beta of 0.44. Paycor HCM has a twelve month low of $10.92 and a twelve month high of $25.19.

Paycor HCM (NASDAQ:PYCR) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $164.80 million for the quarter, compared to analyst estimates of $161.14 million. Paycor HCM had a negative net margin of 9.00% and a positive return on equity of 2.98%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. Equities analysts anticipate that Paycor HCM will post 0.25 EPS for the current fiscal year.

Insider Buying and Selling at Paycor HCM

In other news, Director Jeremy Rishel sold 3,723 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total transaction of $52,196.46. Following the completion of the sale, the director now owns 21,218 shares of the company’s stock, valued at approximately $297,476.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.39% of the company’s stock.

Hedge Funds Weigh In On Paycor HCM

Institutional investors have recently added to or reduced their stakes in the stock. CWM LLC raised its holdings 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 buying an additional 2,158 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Paycor HCM by 52.4% during the first quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company’s stock worth $67,000 after purchasing an additional 1,178 shares during the period. Quarry LP bought a new position in Paycor HCM in the 2nd quarter valued at about $69,000. HighMark Wealth Management LLC raised its position in Paycor HCM by 100.0% in the 2nd quarter. HighMark Wealth Management LLC now owns 7,730 shares of the company’s stock valued at $98,000 after buying an additional 3,865 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in Paycor HCM in the 2nd quarter valued at about $123,000. 36.76% of the stock is currently owned by institutional investors and hedge funds.

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.