Paycor HCM, Inc. (NASDAQ:PYCR - Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 1,160,810 shares were traded during mid-day trading, a decline of 17% from the previous session's volume of 1,406,778 shares.The stock last traded at $22.35 and had previously closed at $22.34.
Analyst Ratings Changes
A number of equities analysts have commented on PYCR shares. Stephens reaffirmed an "equal weight" rating and set a $22.50 target price (up from $20.00) on shares of Paycor HCM in a research note on Friday, January 10th. Citigroup boosted their price objective on shares of Paycor HCM from $21.00 to $22.50 and gave the company a "neutral" rating in a report on Thursday, January 16th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $22.50 target price (up previously from $21.00) on shares of Paycor HCM in a research note on Wednesday, January 22nd. Baird R W cut shares of Paycor HCM from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. Finally, Citizens Jmp cut shares of Paycor HCM from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 9th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $21.53.
Read Our Latest Stock Analysis on PYCR
Paycor HCM Stock Performance
The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of -186.19, a PEG ratio of 3.84 and a beta of 0.53. The firm has a fifty day moving average price of $21.91 and a 200 day moving average price of $18.04.
Paycor HCM (NASDAQ:PYCR - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.04). Paycor HCM had a negative net margin of 3.06% and a positive return on equity of 4.28%. Research analysts predict that Paycor HCM, Inc. will post 0.3 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of PYCR. True Wealth Design LLC increased its stake in Paycor HCM by 105.3% in the fourth quarter. True Wealth Design LLC now owns 1,357 shares of the company's stock valued at $25,000 after purchasing an additional 696 shares during the last quarter. MCF Advisors LLC acquired a new position in shares of Paycor HCM during the 4th quarter valued at about $27,000. Tower Research Capital LLC TRC lifted its holdings in shares of Paycor HCM by 273.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,164 shares of the company's stock worth $59,000 after acquiring an additional 2,317 shares during the period. Blue Trust Inc. boosted its position in shares of Paycor HCM by 869.3% in the fourth quarter. Blue Trust Inc. now owns 3,441 shares of the company's stock worth $64,000 after acquiring an additional 3,086 shares during the last quarter. Finally, Sterling Capital Management LLC grew its holdings in Paycor HCM by 71.4% in the fourth quarter. Sterling Capital Management LLC now owns 4,502 shares of the company's stock valued at $84,000 after purchasing an additional 1,875 shares during the period. 36.76% of the stock is currently owned by institutional investors and hedge funds.
About Paycor HCM
(
Get Free Report)
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.
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