Paycor HCM (NASDAQ:PYCR) PT Lowered to $17.00 at Citigroup

Paycor HCM (NASDAQ:PYCR) had its price objective decreased by analysts at Citigroup from $20.00 to $17.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price target suggests a potential upside of 21.86% from the company’s current price.

Other research analysts also recently issued research reports about the stock. BMO Capital Markets cut their price target on shares of Paycor HCM from $23.00 to $20.00 and set a “market perform” rating on the stock in a report on Thursday, May 9th. Mizuho dropped their target price 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. Stifel Nicolaus decreased their price objective on Paycor HCM from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Needham & Company LLC restated a “buy” rating and issued a $42.00 target price on shares of Paycor HCM in a research note on Thursday, May 9th. Finally, The Goldman Sachs Group decreased 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 note on Monday, May 13th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $24.44.

Paycor HCM Stock Down 0.1 %

Shares of Paycor HCM stock traded down $0.01 on Wednesday, hitting $13.95. 337,255 shares of the company traded hands, compared to its average volume of 835,305. The company has a market cap of $2.49 billion, a PE ratio of -34.07, a PEG ratio of 3.80 and a beta of 0.54. The company has a 50-day moving average price of $17.48 and a 200 day moving average price of $19.43. Paycor HCM has a 12-month low of $13.80 and a 12-month high of $27.50.

Insider Buying and Selling

In other news, Director Jonathan Corr sold 1,508 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $18.30, for a total transaction of $27,596.40. Following the completion of the transaction, the director now directly owns 18,480 shares in the company, valued at $338,184. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Alice L. Geene sold 1,577 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $18.39, for a total value of $29,001.03. Following the transaction, the insider now directly owns 107,581 shares in the company, valued at approximately $1,978,414.59. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jonathan Corr sold 1,508 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 18,480 shares in the company, valued at $338,184. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Paycor HCM

Hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. boosted its position in shares of Paycor HCM by 52.4% during the first quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company’s stock valued at $67,000 after buying an additional 1,178 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Paycor HCM by 1,824.7% in 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 last quarter. Covestor Ltd boosted its holdings in Paycor HCM by 48.6% during the third quarter. Covestor Ltd now owns 3,589 shares of the company’s stock worth $82,000 after purchasing an additional 1,174 shares during the last quarter. Handelsbanken Fonder AB bought a new stake in Paycor HCM in the 4th quarter worth about $203,000. Finally, Archford Capital Strategies LLC purchased a new stake in Paycor HCM in the 1st quarter valued at about $206,000. Institutional investors and hedge funds 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.