Paycor HCM (NASDAQ:PYCR – Get Rating) had its price target decreased by Deutsche Bank Aktiengesellschaft from $36.00 to $29.00 in a research note released on Monday morning, The Fly reports.
Several other equities analysts have also recently issued reports on PYCR. The Goldman Sachs Group lowered their price objective on shares of Paycor HCM from $34.00 to $30.00 and set a neutral rating on the stock in a research note on Thursday, November 3rd. Moffett Nathanson initiated coverage on shares of Paycor HCM in a research report on Monday, January 9th. They issued a market perform rating and a $28.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Paycor HCM currently has an average rating of Hold and a consensus target price of $33.54.
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Paycor HCM Stock Performance
Paycor HCM stock opened at $24.46 on Monday. The firm's 50-day moving average is $25.62 and its 200-day moving average is $27.82. Paycor HCM has a 1 year low of $20.14 and a 1 year high of $34.95. The company has a market cap of $4.30 billion, a P/E ratio of -43.68 and a beta of 0.43.
Paycor HCM (NASDAQ:PYCR – Get Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. The firm had revenue of $118.30 million for the quarter, compared to the consensus estimate of $113.37 million. Paycor HCM had a negative net
margin of 20.89% and a negative return on equity of 0.78%. As a group, sell-side analysts predict that Paycor HCM will post -0.02 earnings per share for the current year.
Insider Buying and Selling at Paycor HCM
In other Paycor HCM news, Director Jonathan Corr sold 1,508 shares of the business's stock in a transaction on Thursday, January 5th. The shares were sold at an average price of $23.68, for a total value of $35,709.44. Following the sale, the director now owns 24,326 shares of the company's stock, valued at approximately $576,039.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Jonathan Corr sold 1,508 shares of the company's stock in a transaction dated Thursday, January 5th. The shares were sold at an average price of $23.68, for a total value of $35,709.44. Following the sale, the director now owns 24,326 shares of the company's stock, valued at approximately $576,039.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Pride Gp, Inc. sold 6,000,000 shares of the company's stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $28.45, for a total transaction of $170,700,000.00. The disclosure for this sale can be found here. Insiders own 0.39% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. lifted its position in Paycor HCM by 395.8% during the 2nd 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 period. MetLife Investment Management LLC acquired a new position in Paycor HCM during the 1st quarter valued at about $72,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Paycor HCM during the 2nd quarter valued at about $106,000. Shell Asset Management Co. acquired a new position in Paycor HCM during the 2nd quarter valued at about $128,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Paycor HCM during the 3rd quarter valued at about $157,000. Institutional investors and hedge funds own 32.26% of the company's stock.
About Paycor HCM
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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.
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