Brokerages Set Paycor HCM, Inc. (NASDAQ:PYCR) Target Price at $27.35

Paycor HCM, Inc. (NASDAQ:PYCR) has received a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $27.35.

Several analysts recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and set a $42.00 target price on shares of Paycor HCM in a research report on Monday, March 18th. BTIG Research assumed coverage on shares of Paycor HCM in a research report on Tuesday, February 6th. They set a “buy” rating and a $26.00 target price for the company. Finally, Jefferies Financial Group restated a “hold” rating and set a $22.00 target price (down from $27.00) on shares of Paycor HCM in a research report on Friday, January 5th.

Paycor HCM Stock Up 0.9 %

PYCR opened at $19.39 on Friday. The firm has a 50 day moving average price of $20.04 and a 200-day moving average price of $21.06. Paycor HCM has a twelve month low of $17.13 and a twelve month high of $27.50. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of -40.40, a PEG ratio of 6.43 and a beta of 0.52.

Paycor HCM (NASDAQ:PYCR) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). Paycor HCM had a negative net margin of 13.82% and a positive return on equity of 1.28%. The company had revenue of $159.54 million for the quarter, compared to analysts’ expectations of $155.49 million. As a group, analysts expect that Paycor HCM will post 0.15 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Jonathan Corr sold 1,508 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $19.66, for a total transaction of $29,647.28. Following the completion of the transaction, the director now owns 19,988 shares in the company, valued at $392,964.08. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Alice L. Geene sold 1,428 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $20.15, for a total transaction of $28,774.20. Following the completion of the transaction, the insider now owns 111,543 shares in the company, valued at $2,247,591.45. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jonathan Corr sold 1,508 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $19.66, for a total transaction of $29,647.28. Following the transaction, the director now owns 19,988 shares of the company’s stock, valued at approximately $392,964.08. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Paycor HCM

Hedge funds have recently bought and sold shares of the business. Deutsche Bank AG purchased a new stake in Paycor HCM during the first quarter valued at $36,000. Advisors Asset Management Inc. raised its stake in Paycor HCM by 109.5% during the third quarter. Advisors Asset Management Inc. now owns 1,808 shares of the company’s stock valued at $41,000 after purchasing an additional 945 shares in the last quarter. State of Wyoming raised its stake in Paycor HCM by 67.3% during the second quarter. State of Wyoming now owns 2,046 shares of the company’s stock valued at $48,000 after purchasing an additional 823 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Paycor HCM by 210.4% during the second quarter. Tower Research Capital LLC TRC now owns 2,083 shares of the company’s stock valued at $49,000 after purchasing an additional 1,412 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in Paycor HCM by 70.7% during the second quarter. MetLife Investment Management LLC now owns 2,147 shares of the company’s stock valued at $51,000 after purchasing an additional 889 shares in the last quarter. Hedge funds and other institutional investors 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.