Paycor HCM, Inc. (NASDAQ:PYCR) Director Jonathan Corr Sells 1,508 Shares

Paycor HCM, Inc. (NASDAQ:PYCR) Director Jonathan Corr sold 1,508 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $13.19, for a total value of $19,890.52. Following the transaction, the director now owns 16,972 shares of the company’s stock, valued at approximately $223,860.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Paycor HCM Trading Down 5.9 %

Shares of PYCR stock opened at $12.29 on Thursday. The business’s fifty day simple moving average is $13.24 and its 200-day simple moving average is $17.34. The company has a market cap of $2.19 billion, a PE ratio of -29.97, a PEG ratio of 2.50 and a beta of 0.41. Paycor HCM, Inc. has a 12-month low of $10.92 and a 12-month high of $27.50.

Paycor HCM (NASDAQ:PYCR) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $187.02 million for the quarter, compared to the consensus estimate of $186.35 million. Paycor HCM had a positive return on equity of 2.09% and a negative net margin of 11.11%. On average, equities analysts forecast that Paycor HCM, Inc. will post 0.19 earnings per share for the current year.

Hedge Funds Weigh In On Paycor HCM

A number of large investors have recently made changes to their positions in PYCR. Comerica Bank acquired a new position in shares of Paycor HCM during the third quarter worth $7,808,000. American Century Companies Inc. increased its position in shares of Paycor HCM by 2.0% in the 3rd quarter. American Century Companies Inc. now owns 1,210,872 shares of the company’s stock valued at $27,644,000 after acquiring an additional 23,534 shares during the period. Vanguard Group Inc. increased its position in shares of Paycor HCM by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 5,474,111 shares of the company’s stock valued at $124,974,000 after acquiring an additional 237,398 shares during the period. Renaissance Capital LLC increased its position in shares of Paycor HCM by 47.3% in the 4th quarter. Renaissance Capital LLC now owns 41,089 shares of the company’s stock valued at $887,000 after acquiring an additional 13,189 shares during the period. Finally, Raymond James & Associates increased its position in shares of Paycor HCM by 24.1% in the 4th quarter. Raymond James & Associates now owns 226,586 shares of the company’s stock valued at $4,892,000 after acquiring an additional 44,076 shares during the period. 36.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Citigroup dropped their target price on Paycor HCM from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Tuesday, June 18th. Jefferies Financial Group dropped their target price on Paycor HCM from $14.00 to $11.00 and set a “hold” rating for the company in a research report on Monday, June 24th. BMO Capital Markets reiterated a “market perform” rating and issued a $20.00 price target on shares of Paycor HCM in a report on Tuesday, June 11th. JMP Securities lowered their price target on Paycor HCM from $32.00 to $30.00 and set a “market outperform” rating for the company in a report on Thursday, May 9th. Finally, The Goldman Sachs Group lowered their price target on Paycor HCM from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, May 13th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $23.56.

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.