Brokerages Set Paycor HCM, Inc. (NASDAQ:PYCR) PT at $19.56

Shares of Paycor HCM, Inc. (NASDAQ:PYCR) have earned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $19.56.

Several brokerages have commented on PYCR. Mizuho decreased their target price on shares of Paycor HCM from $19.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, July 23rd. Truist Financial cut their target price on shares of Paycor HCM from $33.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Jefferies Financial Group upped their price target on shares of Paycor HCM from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Needham & Company LLC lowered their target price on Paycor HCM from $42.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Finally, Stifel Nicolaus dropped their target price on Paycor HCM from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th.

Paycor HCM Stock Up 3.1 %

Shares of NASDAQ PYCR opened at $16.20 on Friday. The stock has a market capitalization of $2.90 billion, a P/E ratio of -47.65, a P/E/G ratio of 4.80 and a beta of 0.42. The firm’s 50-day moving average price is $14.09 and its two-hundred day moving average price is $13.72. Paycor HCM has a 52-week low of $10.92 and a 52-week high of $22.65.

Paycor HCM (NASDAQ:PYCR) last announced its earnings results on Wednesday, August 14th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. The firm had revenue of $164.80 million for the quarter, compared to the consensus estimate of $161.14 million. Paycor HCM had a positive return on equity of 2.98% and a negative net margin of 9.00%. 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 business earned ($0.01) EPS. As a group, equities research analysts expect that Paycor HCM will post 0.25 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Jeremy Rishel sold 3,723 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total value of $52,196.46. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.39% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Paycor HCM

Large investors have recently bought and sold shares of the business. GSA Capital Partners LLP increased its position in shares of Paycor HCM by 75.6% in the 3rd quarter. GSA Capital Partners LLP now owns 87,529 shares of the company’s stock valued at $1,242,000 after buying an additional 37,691 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Paycor HCM by 29.4% during the 3rd quarter. Covestor Ltd now owns 5,322 shares of the company’s stock valued at $76,000 after purchasing an additional 1,210 shares in the last quarter. Principal Financial Group Inc. acquired a new position in shares of Paycor HCM in the 3rd quarter valued at approximately $962,000. US Bancorp DE increased its stake in Paycor HCM by 46.0% during the 3rd quarter. US Bancorp DE now owns 16,558 shares of the company’s stock worth $235,000 after purchasing an additional 5,216 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Paycor HCM during the 3rd quarter worth approximately $157,000. 36.76% of the stock is currently owned by institutional investors and hedge funds.

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.