Moffett Nathanson began coverage on shares of Paycor HCM (NASDAQ:PYCR – Get Rating) in a report issued on Monday morning, MarketBeat.com reports. The firm issued a market perform rating and a $28.00 price objective on the stock.
Separately, The Goldman Sachs Group reduced their price target on Paycor HCM from $34.00 to $30.00 and set a neutral rating for the company in a research report on Thursday, November 3rd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Paycor HCM has a consensus rating of Hold and a consensus target price of $34.08.
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Paycor HCM Trading Up 2.7 %
Shares of NASDAQ PYCR opened at $25.15 on Monday. Paycor HCM has a twelve month low of $20.14 and a twelve month high of $34.95. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of -44.91 and a beta of 0.43. The business has a 50 day simple moving average of $26.09 and a 200-day simple moving average of $27.99.
Paycor HCM (NASDAQ:PYCR – Get Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.02) EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.02. The firm had revenue of $118.30 million during the quarter, compared to the consensus estimate of $113.37 million. Paycor HCM had a negative return on equity of 0.78% and a negative net
margin of 20.89%.
Insider Activity
In other news, Director Jonathan Corr sold 1,508 shares of the company's stock in a transaction on Thursday, January 5th. The stock was sold at an average price of $23.68, for a total value of $35,709.44. Following the completion of the sale, the director now owns 24,326 shares in the company, valued at $576,039.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Jonathan Corr sold 1,508 shares of the company's stock in a transaction on Thursday, January 5th. The stock was sold at an average price of $23.68, for a total value of $35,709.44. Following the completion of the sale, the director now owns 24,326 shares in the company, valued at $576,039.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Scott David Miller bought 2,700 shares of Paycor HCM stock in a transaction dated Tuesday, December 6th. The shares were bought at an average cost of $25.47 per share, with a total value of $68,769.00. Following the completion of the acquisition, the director now owns 179,437 shares of the company's stock, valued at $4,570,260.39. The disclosure for this purchase can be found here. Insiders own 0.39% of the company's stock.
Institutional Investors Weigh In On Paycor HCM
Hedge funds have recently modified their holdings of the stock. Assetmark Inc. lifted its holdings in shares of Paycor HCM by 395.8% during the second quarter. Assetmark Inc. now owns 1,190 shares of the company's stock valued at $31,000 after purchasing an additional 950 shares during the last quarter. MetLife Investment Management LLC purchased a new stake in shares of Paycor HCM during the first quarter valued at $72,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Paycor HCM during the second quarter valued at $106,000. Shell Asset Management Co. purchased a new stake in shares of Paycor HCM during the second quarter valued at $128,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Paycor HCM during the third quarter valued at $157,000. 32.26% of the stock is owned by hedge funds and other institutional investors.
Paycor HCM Company Profile
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Paycor HCM, Inc, through 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. The company's SaaS based people management products include Cor HCM, a complete suite of HCM tools spanning HR, onboarding, payroll, compensation management, employee surveys, expenses, and reporting and analytics; Workforce Management, a solution with flexible time entry, overtime calculations, and scheduling capabilities with real-time payroll synchronization; Benefits Administration, a decision support solution to help leaders to streamline and optimize company's benefits administration; and Talent Management, an integrated compensation and performance management solution.
Further Reading
- Get a free copy of the StockNews.com research report on Paycor HCM (PYCR)
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