Paycor HCM (NASDAQ:PYCR) Price Target Cut to $11.00

Paycor HCM (NASDAQ:PYCR) had its price objective cut by Jefferies Financial Group from $14.00 to $11.00 in a report published on Monday morning, Benzinga reports. They currently have a hold rating on the stock.

Other analysts also recently issued research reports about the stock. Citigroup dropped their target price on shares of Paycor HCM from $17.00 to $14.00 and set a neutral rating on the stock in a research report on Tuesday, June 18th. The Goldman Sachs Group dropped their target price on shares of Paycor HCM from $22.00 to $19.00 and set a neutral rating on the stock in a research report on Monday, May 13th. Mizuho decreased their price objective on shares of Paycor HCM from $22.00 to $19.00 and set a neutral rating for the company in a research note on Thursday, May 9th. JMP Securities decreased their target price 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. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Paycor HCM from $21.00 to $19.00 and set a hold 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. According to MarketBeat, Paycor HCM presently has an average rating of Hold and a consensus price target of $23.56.

Paycor HCM Stock Performance

NASDAQ:PYCR opened at $12.18 on Monday. The firm has a 50-day simple moving average of $14.34 and a 200-day simple moving average of $18.07. Paycor HCM has a one year low of $10.92 and a one year high of $27.50. The firm has a market cap of $2.17 billion, a P/E ratio of -29.71, a P/E/G ratio of 3.15 and a beta of 0.40.

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

Insider Activity at Paycor HCM

In related news, Director Jonathan Corr sold 1,508 shares of the company’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 of the company’s stock, valued at $338,184. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 completion of the transaction, the director now owns 18,480 shares of the company’s stock, valued at $338,184. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Alice L. Geene sold 1,577 shares of the 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 sale, 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. 0.39% of the stock is currently owned by insiders.

Institutional Trading of Paycor HCM

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Paycor HCM by 4.5% in the third quarter. Vanguard Group Inc. now owns 5,474,111 shares of the company’s stock valued at $124,974,000 after purchasing an additional 237,398 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Paycor HCM by 54.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,201,807 shares of the company’s stock worth $25,948,000 after acquiring an additional 422,785 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Paycor HCM by 1,611.7% during the fourth quarter. Fifth Third Bancorp now owns 408,173 shares of the company’s stock worth $8,812,000 after acquiring an additional 384,327 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Paycor HCM by 29.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 353,657 shares of the company’s stock worth $8,074,000 after acquiring an additional 79,976 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Paycor HCM by 2.5% during the third quarter. Invesco Ltd. now owns 3,214,382 shares of the company’s stock worth $73,384,000 after acquiring an additional 79,602 shares during the last quarter. Institutional investors and hedge funds 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.