Analysts Set Paycor HCM, Inc. (NASDAQ:PYCR) PT at $19.56

Paycor HCM, Inc. (NASDAQ:PYCR - Get Free Report) has received a consensus rating of "Moderate Buy" from the sixteen ratings firms that are currently covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $19.56.

Several research firms have recently issued reports on PYCR. Stifel Nicolaus reduced their target price on Paycor HCM from $22.00 to $19.00 and set a "buy" rating on the stock in a research note on Thursday, August 15th. Citigroup upped their price objective on shares of Paycor HCM from $15.00 to $16.00 and gave the stock a "neutral" rating in a report on Wednesday, September 25th. Stephens assumed coverage on shares of Paycor HCM in a research report on Wednesday, October 16th. They set an "overweight" rating and a $18.00 price target on the stock. Mizuho lowered their price objective on shares of Paycor HCM from $19.00 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. cut their price objective on Paycor HCM from $19.00 to $17.00 and set a "neutral" rating on the stock in a research report on Thursday, August 15th.

Paycor HCM Trading Up 2.6 %

Shares of NASDAQ:PYCR traded up $0.39 during trading on Friday, reaching $15.48. 1,257,983 shares of the company traded hands, compared to its average volume of 701,357. Paycor HCM has a 52-week low of $10.92 and a 52-week high of $22.65. The business's fifty day moving average is $14.06 and its 200-day moving average is $13.75. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of -45.53, a P/E/G ratio of 4.68 and a beta of 0.42.

Paycor HCM (NASDAQ:PYCR - Get Free Report) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. The firm had revenue of $164.80 million for the quarter, compared to analysts' expectations of $161.14 million. Paycor HCM had a negative net margin of 9.00% and a positive return on equity of 2.98%. The company's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.01) earnings per share. On average, sell-side analysts predict that Paycor HCM will post 0.25 earnings per share for the current fiscal year.

Insider Activity at Paycor HCM

In other news, Director Jeremy Rishel sold 3,723 shares of the company's stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total value of $52,196.46. Following the transaction, the director now owns 21,218 shares in the company, valued at approximately $297,476.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.39% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Covestor Ltd lifted its position in Paycor HCM by 29.4% during the third quarter. Covestor Ltd now owns 5,322 shares of the company's stock valued at $76,000 after purchasing an additional 1,210 shares during the period. Principal Financial Group Inc. bought a new position in shares of Paycor HCM during the 3rd quarter valued at $962,000. US Bancorp DE boosted its stake in shares of Paycor HCM by 46.0% in the 3rd quarter. US Bancorp DE now owns 16,558 shares of the company's stock worth $235,000 after buying an additional 5,216 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Paycor HCM in the 3rd quarter worth $157,000. Finally, International Assets Investment Management LLC grew its holdings in shares of Paycor HCM by 1,923.0% in the third quarter. International Assets Investment Management LLC now owns 2,994 shares of the company's stock worth $42,000 after acquiring an additional 2,846 shares during the period. 36.76% of the stock is owned by institutional investors.

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.