Insider Selling: Paycor HCM, Inc. (NASDAQ:PYCR) Director Sells $20,312.76 in Stock

Paycor HCM, Inc. (NASDAQ:PYCR) Director Jonathan Corr sold 1,508 shares of the business’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $13.47, for a total transaction of $20,312.76. Following the completion of the transaction, the director now owns 15,464 shares in the company, valued at $208,300.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Paycor HCM Stock Performance

Shares of PYCR opened at $13.29 on Friday. Paycor HCM, Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $25.48. The firm’s 50-day simple moving average is $13.66 and its two-hundred day simple moving average is $14.20. The stock has a market cap of $2.37 billion, a PE ratio of -32.41, a price-to-earnings-growth ratio of 4.05 and a beta of 0.44.

Paycor HCM (NASDAQ:PYCR) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The company had revenue of $164.80 million during the quarter, compared to analyst estimates of $161.14 million. Paycor HCM had a positive return on equity of 2.98% and a negative net margin of 9.00%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.01) EPS. Equities research analysts predict that Paycor HCM, Inc. will post 0.25 EPS for the current year.

Hedge Funds Weigh In On Paycor HCM

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Paycor HCM by 11.5% in the first 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 in the last quarter. Bank of New York Mellon Corp lifted its position in Paycor HCM by 149.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 607,996 shares of the company’s stock valued at $7,722,000 after acquiring an additional 364,025 shares in the last quarter. Marshall Wace LLP boosted its stake in Paycor HCM by 1,234.9% during the 2nd quarter. Marshall Wace LLP now owns 370,985 shares of the company’s stock valued at $4,712,000 after purchasing an additional 343,194 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in Paycor HCM by 207.5% during the 2nd 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 last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Paycor HCM by 9.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,429,701 shares of the company’s stock worth $47,233,000 after purchasing an additional 213,313 shares in the last quarter. 36.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on PYCR. Stifel Nicolaus reduced their price target on Paycor HCM from $22.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. BTIG Research reduced their target price on Paycor HCM from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Truist Financial dropped their price target on Paycor HCM from $33.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Citigroup boosted their price objective on shares of Paycor HCM from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Finally, Needham & Company LLC dropped their target price on shares of Paycor HCM from $42.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Paycor HCM currently has an average rating of “Hold” and a consensus price target of $19.40.

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.