Paycor HCM (NASDAQ:PYCR) PT Raised to $15.00

Paycor HCM (NASDAQ:PYCR) had its price target upped by equities research analysts at Jefferies Financial Group from $13.00 to $15.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 6.38% from the stock’s current price.

Several other research analysts have also issued reports on PYCR. Stephens initiated coverage on shares of Paycor HCM in a research note on Wednesday, October 16th. They issued an “overweight” rating and a $18.00 price target for the company. The Goldman Sachs Group reduced their price objective on shares of Paycor HCM from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, August 16th. Truist Financial reduced their price objective on shares of Paycor HCM from $33.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. BTIG Research reduced their price objective on shares of Paycor HCM from $26.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Paycor HCM from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.56.

Paycor HCM Price Performance

Shares of Paycor HCM stock opened at $14.10 on Tuesday. The company has a 50-day moving average of $13.93 and a 200 day moving average of $13.90. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of -34.37, a PEG ratio of 4.44 and a beta of 0.44. Paycor HCM has a 1 year low of $10.92 and a 1 year high of $23.82.

Paycor HCM (NASDAQ:PYCR) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. The company had revenue of $164.80 million during 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%. Paycor HCM’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period last year, the business earned ($0.01) EPS. On average, equities analysts anticipate that Paycor HCM will post 0.25 EPS for the current year.

Insider Activity

In related news, Director Jeremy Rishel sold 3,723 shares of the firm’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 value of $52,196.46. Following the transaction, the director now owns 21,218 shares of the company’s stock, valued at approximately $297,476.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.39% of the company’s stock.

Hedge Funds Weigh In On Paycor HCM

Several large investors have recently added to or reduced their stakes in PYCR. CWM LLC raised its position in shares of Paycor HCM by 950.7% during the 2nd quarter. CWM LLC now owns 2,385 shares of the company’s stock valued at $30,000 after purchasing an additional 2,158 shares during the period. International Assets Investment Management LLC grew its position in shares of Paycor HCM by 1,923.0% during the third quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock worth $42,000 after purchasing an additional 2,846 shares in the last quarter. Advisors Asset Management Inc. grew 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 in the last quarter. Quarry LP purchased a new stake in shares of Paycor HCM during the second quarter worth about $69,000. Finally, HighMark Wealth Management LLC grew its position in shares of Paycor HCM by 100.0% during the second quarter. HighMark Wealth Management LLC now owns 7,730 shares of the company’s stock worth $98,000 after purchasing an additional 3,865 shares in the last quarter. Hedge funds and other 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.