Paycor HCM, Inc. (NASDAQ:PYCR) Director Sells $52,196.46 in Stock

Paycor HCM, Inc. (NASDAQ:PYCR) Director Jeremy Rishel sold 3,723 shares of Paycor HCM stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total transaction of $52,196.46. Following the transaction, the director now directly owns 21,218 shares of the company’s stock, valued at approximately $297,476.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Paycor HCM Price Performance

Shares of PYCR stock traded up $0.04 on Wednesday, hitting $13.79. 1,936,809 shares of the stock traded hands, compared to its average volume of 945,097. The firm has a 50 day simple moving average of $13.73 and a two-hundred day simple moving average of $14.04. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of -33.59, a PEG ratio of 4.05 and a beta of 0.44. Paycor HCM, Inc. has a 52 week low of $10.92 and a 52 week high of $25.48.

Paycor HCM (NASDAQ:PYCR) last posted 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 positive return on equity of 2.98% and a negative net margin of 9.00%. The company had revenue of $164.80 million for the quarter, compared to analysts’ expectations of $161.14 million. During the same period in the previous year, the firm earned ($0.01) EPS. The firm’s revenue was up 17.7% compared to the same quarter last year. Sell-side analysts forecast that Paycor HCM, Inc. will post 0.25 EPS for the current year.

Hedge Funds Weigh In On Paycor HCM

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC increased its stake in Paycor HCM by 950.7% in the 2nd quarter. CWM LLC now owns 2,385 shares of the company’s stock worth $30,000 after acquiring an additional 2,158 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Paycor HCM by 52.4% in the 1st quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company’s stock worth $67,000 after acquiring an additional 1,178 shares during the last quarter. Quarry LP purchased a new position in shares of Paycor HCM during the 2nd quarter worth about $69,000. HighMark Wealth Management LLC grew its holdings in Paycor HCM by 100.0% during the 2nd quarter. HighMark Wealth Management LLC now owns 7,730 shares of the company’s stock valued at $98,000 after purchasing an additional 3,865 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in Paycor HCM in the 2nd quarter worth about $123,000. Institutional investors own 36.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on PYCR. Needham & Company LLC lowered their price objective on Paycor HCM from $42.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Jefferies Financial Group dropped their price target on shares of Paycor HCM from $14.00 to $11.00 and set a “hold” rating on the stock in a report on Monday, June 24th. UBS Group lowered their price objective on shares of Paycor HCM from $18.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, August 16th. Mizuho decreased their target price on shares of Paycor HCM from $19.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. cut their price objective on Paycor HCM from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Paycor HCM currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.31.

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.