Insider Selling: Paycor HCM, Inc. (NASDAQ:PYCR) Director Sells 1,508 Shares of Stock

Paycor HCM, Inc. (NASDAQ:PYCR) Director Jonathan Corr sold 1,508 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $13.47, for a total value of $20,312.76. Following the completion of the sale, the director now directly owns 15,464 shares in the company, valued at approximately $208,300.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Paycor HCM Stock Performance

Shares of PYCR stock traded down $0.02 during mid-day trading on Wednesday, reaching $13.11. 774,463 shares of the company’s stock traded hands, compared to its average volume of 948,912. The firm has a market capitalization of $2.34 billion, a PE ratio of -32.02, a price-to-earnings-growth ratio of 4.37 and a beta of 0.44. Paycor HCM, Inc. has a 12 month low of $10.92 and a 12 month high of $25.48. The firm has a 50 day moving average price of $13.59 and a two-hundred day moving average price of $14.26.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Mizuho dropped their target price on 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 dropped their price target on shares of Paycor HCM from $14.00 to $11.00 and set a “hold” rating on the stock in a research note on Monday, June 24th. 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. The Goldman Sachs Group dropped their target price on shares of Paycor HCM from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, August 16th. Finally, Needham & Company LLC reduced their price target on shares of Paycor HCM from $42.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $19.40.

Institutional Investors Weigh In On Paycor HCM

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC increased its stake in shares of Paycor HCM by 950.7% in the second quarter. CWM LLC now owns 2,385 shares of the company’s stock worth $30,000 after purchasing an additional 2,158 shares in the last quarter. Advisors Asset Management Inc. increased 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 worth $67,000 after buying an additional 1,178 shares in the last quarter. Quarry LP bought a new stake in Paycor HCM during the second quarter valued at about $69,000. HighMark Wealth Management LLC raised its holdings in Paycor HCM by 100.0% during the second quarter. HighMark Wealth Management LLC now owns 7,730 shares of the company’s stock valued at $98,000 after acquiring an additional 3,865 shares during the period. Finally, nVerses Capital LLC purchased a new position in shares of Paycor HCM in the second quarter valued at about $123,000. Institutional investors own 36.76% of the company’s stock.

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.