Paycor HCM (NASDAQ:PYCR) Given “Buy” Rating at Needham & Company LLC

Paycor HCM (NASDAQ:PYCRGet Free Report)‘s stock had its “buy” rating reaffirmed by equities researchers at Needham & Company LLC in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $42.00 price objective on the stock. Needham & Company LLC’s target price would indicate a potential upside of 140.69% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the stock. BTIG Research assumed coverage on shares of Paycor HCM in a research note on Tuesday, February 6th. They issued a “buy” rating and a $26.00 price objective for the company. Jefferies Financial Group reiterated a “hold” rating and set a $22.00 target price (down previously from $27.00) on shares of Paycor HCM in a research report on Friday, January 5th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $27.35.

View Our Latest Research Report on Paycor HCM

Paycor HCM Price Performance

Shares of Paycor HCM stock opened at $17.45 on Thursday. Paycor HCM has a fifty-two week low of $16.56 and a fifty-two week high of $27.50. The firm has a fifty day moving average price of $19.24 and a two-hundred day moving average price of $20.38. The company has a market cap of $3.11 billion, a PE ratio of -36.35, a price-to-earnings-growth ratio of 5.86 and a beta of 0.50.

Paycor HCM (NASDAQ:PYCRGet Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.01 earnings per share (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 analyst estimates of $155.49 million. Analysts expect that Paycor HCM will post 0.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Paycor HCM

In other Paycor HCM news, insider Alice L. Geene sold 1,577 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $18.39, for a total value of $29,001.03. Following the completion of the sale, the insider now owns 107,581 shares in the company, valued at approximately $1,978,414.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Jonathan Corr sold 1,508 shares of Paycor HCM stock in a transaction that occurred on 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 sale, the director now owns 18,480 shares in the company, valued at approximately $338,184. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Alice L. Geene sold 1,577 shares of Paycor HCM stock in a transaction that occurred on 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 owns 107,581 shares of the company’s stock, valued at approximately $1,978,414.59. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in Paycor HCM by 1,824.7% during the fourth quarter. International Assets Investment Management LLC now owns 3,195 shares of the company’s stock valued at $69,000 after purchasing an additional 3,029 shares during the period. Covestor Ltd grew its holdings in Paycor HCM by 48.6% during the third quarter. Covestor Ltd now owns 3,589 shares of the company’s stock valued at $82,000 after purchasing an additional 1,174 shares during the period. Handelsbanken Fonder AB acquired a new position in shares of Paycor HCM in the fourth quarter valued at approximately $203,000. Wrapmanager Inc. acquired a new position in shares of Paycor HCM in the third quarter valued at approximately $226,000. Finally, Archford Capital Strategies LLC acquired a new position in shares of Paycor HCM in the first quarter valued at approximately $206,000. Institutional investors and hedge funds own 36.76% of the company’s stock.

About Paycor HCM

(Get Free Report)

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.

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