Paycor HCM (NASDAQ:PYCR) Trading Down 4.1%

Paycor HCM, Inc. (NASDAQ:PYCR) shares traded down 4.1% on Wednesday . The company traded as low as $12.37 and last traded at $12.52. 368,200 shares were traded during mid-day trading, a decline of 62% from the average session volume of 968,793 shares. The stock had previously closed at $13.06.

Analysts Set New Price Targets

PYCR has been the topic of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $42.00 target price on shares of Paycor HCM in a report on Thursday, May 9th. BMO Capital Markets reissued a “market perform” rating and set a $20.00 target price on shares of Paycor HCM in a research report on Tuesday, June 11th. Robert W. Baird lowered their price target on Paycor HCM from $36.00 to $27.00 and set an “outperform” rating for the company in a report on Thursday, May 9th. The Goldman Sachs Group cut their price objective on shares of Paycor HCM from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. Finally, Mizuho lowered their target price on shares of Paycor HCM from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Paycor HCM has a consensus rating of “Hold” and an average target price of $23.56.

Paycor HCM Trading Up 1.4 %

The firm has a 50 day moving average of $13.15 and a two-hundred day moving average of $17.31. The stock has a market capitalization of $2.22 billion, a PE ratio of -30.15, a P/E/G ratio of 2.36 and a beta of 0.41.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. CWM LLC lifted its stake in Paycor HCM by 950.7% in the 2nd quarter. CWM LLC now owns 2,385 shares of the company’s stock valued at $30,000 after buying an additional 2,158 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Paycor HCM by 52.4% in the first 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. International Assets Investment Management LLC lifted its position in shares of Paycor HCM by 1,824.7% in the fourth quarter. International Assets Investment Management LLC now owns 3,195 shares of the company’s stock valued at $69,000 after acquiring an additional 3,029 shares in the last quarter. Handelsbanken Fonder AB purchased a new stake in Paycor HCM during the 4th quarter worth about $203,000. Finally, Archford Capital Strategies LLC acquired a new position in Paycor HCM in the 1st quarter valued at about $206,000. 36.76% of the stock is owned by hedge funds and other institutional investors.

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.