Paycor HCM, Inc. (NASDAQ:PYCR) Given Average Recommendation of “Hold” by Analysts

Paycor HCM, Inc. (NASDAQ:PYCR) has been given a consensus recommendation of “Hold” by the twelve analysts that are presently covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $27.35.

Several brokerages have recently weighed in on PYCR. Jefferies Financial Group reiterated a “hold” rating and set a $22.00 price objective (down previously from $27.00) on shares of Paycor HCM in a report on Friday, January 5th. Needham & Company LLC reiterated a “buy” rating and set a $42.00 price objective on shares of Paycor HCM in a report on Monday, March 18th. Finally, BTIG Research began coverage on shares of Paycor HCM in a report on Tuesday, February 6th. They set a “buy” rating and a $26.00 price objective on the stock.

Insiders Place Their Bets

In other Paycor HCM news, Director Jonathan Corr sold 1,508 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $18.30, for a total value of $27,596.40. Following the completion of the sale, the director now directly owns 18,480 shares of the company’s stock, valued at approximately $338,184. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Alice L. Geene sold 1,577 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $18.39, for a total transaction of $29,001.03. Following the completion of the transaction, the insider now directly owns 107,581 shares of the company’s stock, valued at approximately $1,978,414.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonathan Corr sold 1,508 shares of the 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 transaction, the director now directly owns 18,480 shares of the company’s stock, valued at $338,184. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James & Associates lifted its stake in shares of Paycor HCM by 55.3% during the 1st 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 lifted its stake in shares of Paycor HCM by 14.4% during the 1st 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 lifted its stake in shares of Paycor HCM by 31.1% during the 1st 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. lifted its stake in shares of Paycor HCM by 1,025.1% during the 1st 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. lifted its stake in Paycor HCM by 63.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,435 shares of the company’s stock worth $305,000 after purchasing an additional 4,053 shares in the last quarter. 36.76% of the stock is owned by institutional investors.

Paycor HCM Stock Up 1.7 %

PYCR stock opened at $16.97 on Wednesday. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of -35.35, a PEG ratio of 5.67 and a beta of 0.50. Paycor HCM has a 12-month low of $16.56 and a 12-month high of $27.50. The company’s fifty day simple moving average is $19.40 and its 200 day simple moving average is $20.49.

Paycor HCM (NASDAQ:PYCR) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $159.54 million for the quarter, compared to analyst estimates of $155.49 million. Research analysts expect that Paycor HCM will post 0.15 earnings per share for the current year.

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.