Paycor HCM (NASDAQ:PYCR) Price Target Raised to $18.00 at TD Cowen

Paycor HCM (NASDAQ:PYCR) had its price objective upped by TD Cowen from $15.00 to $18.00 in a research note issued to investors on Thursday,Benzinga reports. TD Cowen currently has a hold rating on the stock.

Several other research analysts have also issued reports on PYCR. JPMorgan Chase & Co. dropped their price objective on Paycor HCM from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. BMO Capital Markets boosted their price objective on Paycor HCM from $15.00 to $19.00 and gave the stock a “market perform” rating in a research note on Thursday. UBS Group lowered their target price on Paycor HCM from $18.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, August 16th. The Goldman Sachs Group reduced their target price on shares of Paycor HCM from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, August 16th. Finally, Truist Financial lowered their price objective on Paycor HCM from $33.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $19.41.

Paycor HCM Price Performance

NASDAQ PYCR remained flat at $17.13 during trading on Thursday. The company’s stock had a trading volume of 856,808 shares, compared to its average volume of 944,970. Paycor HCM has a 52 week low of $10.92 and a 52 week high of $22.65. The business’s 50 day moving average is $14.23 and its 200 day moving average is $13.76.

Paycor HCM (NASDAQ:PYCR) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. Paycor HCM had a negative net margin of 6.72% and a positive return on equity of 3.42%. The company had revenue of $164.80 million for the quarter, compared to the consensus estimate of $161.14 million. During the same quarter in the previous year, the firm posted ($0.01) EPS. The business’s revenue was up 17.7% compared to the same quarter last year. Sell-side analysts expect that Paycor HCM will post 0.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jeremy Rishel sold 3,723 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total value of $52,196.46. Following the sale, the director now directly owns 21,218 shares of the company’s stock, valued at $297,476.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Natixis Advisors LLC grew its stake in shares of Paycor HCM by 47.5% in the third quarter. Natixis Advisors LLC now owns 61,456 shares of the company’s stock worth $872,000 after purchasing an additional 19,803 shares during the last quarter. ING Groep NV acquired a new position in Paycor HCM during the 3rd quarter worth about $4,615,000. GSA Capital Partners LLP grew its position in shares of Paycor HCM by 75.6% in the 3rd quarter. GSA Capital Partners LLP now owns 87,529 shares of the company’s stock valued at $1,242,000 after buying an additional 37,691 shares during the last quarter. Covestor Ltd increased its stake in shares of Paycor HCM by 29.4% in the third quarter. Covestor Ltd now owns 5,322 shares of the company’s stock valued at $76,000 after buying an additional 1,210 shares during the period. Finally, Principal Financial Group Inc. bought a new position in shares of Paycor HCM during the third quarter worth about $962,000. 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.