Paycor HCM (NASDAQ:PYCR) PT Lowered to $11.00 at Jefferies Financial Group

Paycor HCM (NASDAQ:PYCR) had its price target reduced by Jefferies Financial Group from $14.00 to $11.00 in a research note published on Monday, Benzinga reports. They currently have a hold rating on the stock.

PYCR has been the subject of a number of other research reports. JMP Securities cut their target price on shares of Paycor HCM from $32.00 to $30.00 and set a market outperform rating for the company in a research note on Thursday, May 9th. Mizuho lowered their price target on shares of Paycor HCM from $22.00 to $19.00 and set a neutral rating on the stock in a research report on Thursday, May 9th. Needham & Company LLC restated a buy rating and set a $42.00 price target on shares of Paycor HCM in a research report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Paycor HCM from $21.00 to $19.00 and set a hold rating on the stock in a research report on Thursday, May 9th. Finally, BMO Capital Markets restated a market perform rating and set a $20.00 price target on shares of Paycor HCM in a research report on Tuesday, June 11th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Paycor HCM presently has an average rating of Hold and a consensus target price of $23.56.

Paycor HCM Stock Performance

PYCR opened at $12.49 on Monday. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of -30.46, a PEG ratio of 3.34 and a beta of 0.40. The company has a fifty day moving average of $14.07 and a two-hundred day moving average of $17.93. Paycor HCM has a fifty-two week low of $10.92 and a fifty-two week high of $27.50.

Paycor HCM (NASDAQ:PYCR) last released its earnings results on Wednesday, May 8th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $187.02 million during the quarter, compared to analysts’ expectations of $186.35 million. Paycor HCM had a negative net margin of 11.11% and a positive return on equity of 2.09%. On average, equities research analysts forecast that Paycor HCM will post 0.19 earnings per share for the current year.

Insider Transactions at Paycor HCM

In other news, Director Jonathan Corr sold 1,508 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $18.30, for a total value of $27,596.40. Following the transaction, the director now directly owns 18,480 shares in the company, valued at approximately $338,184. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Jonathan Corr sold 1,508 shares of the company’s 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 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 SEC, which is available through this link. Also, insider Alice L. Geene sold 1,577 shares of the company’s 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 directly owns 107,581 shares in the company, valued at $1,978,414.59. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

Institutional Investors Weigh In On Paycor HCM

Large investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. increased its stake in Paycor HCM by 52.4% during 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 during the period. International Assets Investment Management LLC increased its position in shares of Paycor HCM by 1,824.7% in the 4th 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 last quarter. Covestor Ltd increased its position in shares of Paycor HCM by 48.6% in the 3rd 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 last quarter. Handelsbanken Fonder AB purchased a new stake in shares of Paycor HCM in the 4th quarter valued at approximately $203,000. Finally, Archford Capital Strategies LLC purchased a new stake in shares of Paycor HCM in the 1st quarter valued at approximately $206,000. 36.76% of the stock is owned by hedge funds and other 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.