Citigroup Lowers Paycor HCM (NASDAQ:PYCR) Price Target to $14.00

Paycor HCM (NASDAQ:PYCR) had its price target reduced by Citigroup from $17.00 to $14.00 in a report released on Tuesday morning, Benzinga reports. Citigroup currently has a neutral rating on the stock.

PYCR has been the subject of a number of other reports. Stifel Nicolaus reduced their price objective on shares of Paycor HCM from $25.00 to $22.00 and set a buy rating for the company in a research report on Thursday, May 9th. BMO Capital Markets reiterated a market perform rating and issued a $20.00 price target on shares of Paycor HCM in a research note on Tuesday, June 11th. Robert W. Baird cut their price objective on shares of Paycor HCM from $36.00 to $27.00 and set an outperform rating for the company in a research report on Thursday, May 9th. JMP Securities reduced their price objective on Paycor HCM from $32.00 to $30.00 and set a market outperform rating for the company in a report on Thursday, May 9th. Finally, The Goldman Sachs Group lowered their target price on Paycor HCM from $22.00 to $19.00 and set a neutral rating on the stock in a research note on Monday, May 13th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus target price of $24.25.

Paycor HCM Stock Performance

Shares of PYCR stock opened at $11.15 on Tuesday. Paycor HCM has a 52-week low of $11.10 and a 52-week high of $27.50. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of -27.19, a PEG ratio of 3.13 and a beta of 0.41. The firm’s 50-day moving average is $14.98 and its 200-day moving average is $18.42.

Paycor HCM (NASDAQ:PYCR) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. Paycor HCM had a positive return on equity of 2.09% and a negative net margin of 11.11%. The firm had revenue of $187.02 million for the quarter, compared to analyst estimates of $186.35 million. Sell-side analysts predict that Paycor HCM will post 0.19 EPS for the current fiscal year.

Insider Activity at Paycor HCM

In other Paycor HCM news, Director Jonathan Corr sold 1,508 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $18.30, for a total transaction of $27,596.40. Following the sale, the director now directly owns 18,480 shares in the company, valued at $338,184. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Alice L. Geene sold 1,577 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 107,581 shares in the company, valued at approximately $1,978,414.59. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jonathan Corr sold 1,508 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $18.30, for a total value of $27,596.40. Following the sale, the director now owns 18,480 shares of the company’s stock, valued at $338,184. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PYCR. Comerica Bank boosted its stake in shares of Paycor HCM by 40.8% in the 1st quarter. Comerica Bank now owns 487,747 shares of the company’s stock valued at $9,482,000 after purchasing an additional 141,391 shares in the last quarter. California State Teachers Retirement System lifted its stake in Paycor HCM by 6.9% in the 1st quarter. California State Teachers Retirement System now owns 70,413 shares of the company’s stock valued at $1,369,000 after purchasing an additional 4,536 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Paycor HCM by 52.4% in the first quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company’s stock valued at $67,000 after buying an additional 1,178 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of Paycor HCM by 1.9% during the first quarter. Clearbridge Investments LLC now owns 6,344,522 shares of the company’s stock worth $123,338,000 after buying an additional 116,118 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Paycor HCM by 11.5% during the first quarter. Vanguard Group Inc. now owns 6,884,980 shares of the company’s stock worth $133,844,000 after buying an additional 710,370 shares in the last quarter. Institutional investors 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.