Paycor HCM (NASDAQ:PYCR) PT Lowered to $11.00

Paycor HCM (NASDAQ:PYCR) had its price objective cut by Jefferies Financial Group from $14.00 to $11.00 in a report released on Monday morning, Benzinga reports. They currently have a hold rating on the stock.

A number of other research analysts have also recently commented on PYCR. Robert W. Baird cut their price target on shares of Paycor HCM from $36.00 to $27.00 and set an outperform rating on the stock in a report on Thursday, May 9th. Mizuho cut their price target on shares of Paycor HCM from $22.00 to $19.00 and set a neutral rating on the stock in a report on Thursday, May 9th. JMP Securities cut their price target on shares of Paycor HCM from $32.00 to $30.00 and set a market outperform rating on the stock in a report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Paycor HCM from $21.00 to $19.00 and set a hold rating on the stock in a report on Thursday, May 9th. Finally, Stifel Nicolaus cut their price target on shares of Paycor HCM from $25.00 to $22.00 and set a buy rating on the stock in a report on Thursday, May 9th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $23.56.

Paycor HCM Stock Down 0.2 %

PYCR stock opened at $12.38 on Monday. Paycor HCM has a twelve month low of $10.92 and a twelve month high of $27.50. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of -30.19, a price-to-earnings-growth ratio of 3.34 and a beta of 0.40. The firm’s fifty day simple moving average is $14.16 and its two-hundred day simple moving average is $17.97.

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

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC increased its stake in Paycor HCM by 1,824.7% during 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 in the last quarter. Advisors Asset Management Inc. boosted its position in Paycor HCM by 52.4% in 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. Covestor Ltd increased its holdings in Paycor HCM by 48.6% in the 3rd quarter. Covestor Ltd now owns 3,589 shares of the company’s stock worth $82,000 after buying an additional 1,174 shares during the period. Handelsbanken Fonder AB purchased a new position in Paycor HCM during the 4th quarter worth approximately $203,000. Finally, Archford Capital Strategies LLC acquired a new stake in Paycor HCM during the 1st quarter valued at approximately $206,000. Institutional investors and hedge funds own 36.76% of the company’s stock.

Paycor HCM Company Profile

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.