BMO Capital Markets Issues Positive Forecast for Paycor HCM (NASDAQ:PYCR) Stock Price

Paycor HCM (NASDAQ:PYCR) had its price objective raised by BMO Capital Markets from $15.00 to $19.00 in a research report sent to investors on Thursday morning, MarketBeat reports. They currently have a market perform rating on the stock.

A number of other research analysts have also recently commented on PYCR. Citigroup boosted their target price on shares of Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. UBS Group cut their price target on shares of Paycor HCM from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, August 16th. JPMorgan Chase & Co. cut their price target on shares of Paycor HCM from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Stephens initiated coverage on shares of Paycor HCM in a report on Wednesday, October 16th. They issued an “overweight” rating and a $18.00 price target on the stock. Finally, Truist Financial cut their price target on shares of Paycor HCM from $33.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.41.

Paycor HCM Stock Down 1.0 %

Shares of NASDAQ PYCR traded down $0.17 during midday trading on Thursday, hitting $16.96. The company had a trading volume of 213,296 shares, compared to its average volume of 941,859. Paycor HCM has a twelve month low of $10.92 and a twelve month high of $22.65. The business has a 50-day simple moving average of $14.23 and a two-hundred day simple moving average of $13.76. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of -65.88, a price-to-earnings-growth ratio of 4.87 and a beta of 0.42.

Paycor HCM (NASDAQ:PYCR) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Paycor HCM had a negative net margin of 9.00% and a positive return on equity of 2.98%. The business had revenue of $164.80 million during the quarter, compared to the consensus estimate of $161.14 million. During the same period in the previous year, the firm posted ($0.01) earnings per share. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. On average, equities analysts forecast that Paycor HCM will post 0.25 EPS for the current year.

Insider Buying and Selling at Paycor HCM

In related news, Director Jeremy Rishel sold 3,723 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total transaction of $52,196.46. Following the completion of the sale, the director now owns 21,218 shares in the company, valued at approximately $297,476.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.39% of the company’s stock.

Institutional Trading of Paycor HCM

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Paycor HCM by 11.5% in the 1st quarter. Vanguard Group Inc. now owns 6,884,980 shares of the company’s stock worth $133,844,000 after buying an additional 710,370 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Paycor HCM by 149.2% in the second quarter. Bank of New York Mellon Corp now owns 607,996 shares of the company’s stock worth $7,722,000 after acquiring an additional 364,025 shares during the period. Marshall Wace LLP grew its holdings in shares of Paycor HCM by 1,234.9% in the second quarter. Marshall Wace LLP now owns 370,985 shares of the company’s stock worth $4,712,000 after acquiring an additional 343,194 shares during the period. ING Groep NV bought a new stake in Paycor HCM during the third quarter valued at about $4,615,000. Finally, Cubist Systematic Strategies LLC grew its holdings in Paycor HCM by 207.5% during the second quarter. Cubist Systematic Strategies LLC now owns 465,097 shares of the company’s stock valued at $5,907,000 after purchasing an additional 313,851 shares during the period. Hedge funds and other institutional investors own 36.76% of the company’s stock.

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.