Paycor HCM, Inc. (NASDAQ:PYCR) Receives Consensus Rating of “Hold” from Brokerages

Shares of Paycor HCM, Inc. (NASDAQ:PYCR) have been assigned an average rating of “Hold” from the thirteen research firms that are currently covering the company, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $27.35.

PYCR has been the topic of a number of research analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $22.00 target price (down previously from $27.00) on shares of Paycor HCM in a report on Friday, January 5th. BTIG Research initiated coverage on Paycor HCM in a research report on Tuesday, February 6th. They issued a “buy” rating and a $26.00 target price on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and set a $42.00 price target on shares of Paycor HCM in a research report on Monday, March 18th.

Paycor HCM Stock Performance

PYCR stock opened at $19.39 on Friday. The firm has a market cap of $3.45 billion, a P/E ratio of -40.40, a price-to-earnings-growth ratio of 6.43 and a beta of 0.52. Paycor HCM has a 1 year low of $17.13 and a 1 year high of $27.50. The stock has a 50-day simple moving average of $20.04 and a 200-day simple moving average of $21.06.

Paycor HCM (NASDAQ:PYCR) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Paycor HCM had a negative net margin of 13.82% and a positive return on equity of 1.28%. The business had revenue of $159.54 million during the quarter, compared to analysts’ expectations of $155.49 million. On average, equities research analysts predict that Paycor HCM will post 0.15 EPS for the current year.

Insider Activity at Paycor HCM

In related news, Director Jonathan Corr sold 1,508 shares of Paycor HCM stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $19.66, for a total transaction of $29,647.28. Following the completion of the sale, the director now owns 19,988 shares of the company’s stock, valued at $392,964.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Jonathan Corr sold 1,508 shares of Paycor HCM stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $19.66, for a total transaction of $29,647.28. Following the completion of the sale, the director now owns 19,988 shares of the company’s stock, valued at $392,964.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Alice L. Geene sold 1,428 shares of Paycor HCM stock in a transaction on Friday, January 19th. The shares were sold at an average price of $20.15, for a total value of $28,774.20. Following the sale, the insider now directly owns 111,543 shares of the company’s stock, valued at approximately $2,247,591.45. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On Paycor HCM

Several institutional investors have recently bought and sold shares of PYCR. Raymond James & Associates raised its holdings in Paycor HCM by 55.3% during the first quarter. Raymond James & Associates now owns 36,562 shares of the company’s stock valued at $1,064,000 after buying an additional 13,021 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Paycor HCM by 14.4% during the first quarter. Bank of New York Mellon Corp now owns 173,629 shares of the company’s stock valued at $5,055,000 after buying an additional 21,808 shares in the last quarter. US Bancorp DE raised its holdings in Paycor HCM by 31.1% during the first quarter. US Bancorp DE now owns 7,683 shares of the company’s stock valued at $224,000 after buying an additional 1,822 shares in the last quarter. Citigroup Inc. raised its holdings in Paycor HCM by 1,025.1% during the first quarter. Citigroup Inc. now owns 163,112 shares of the company’s stock valued at $4,748,000 after buying an additional 148,614 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Paycor HCM by 63.5% during the first quarter. PNC Financial Services Group Inc. now owns 10,435 shares of the company’s stock valued at $305,000 after buying an additional 4,053 shares in the last quarter. 36.76% of the stock is currently owned by institutional investors.

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.