Paycor HCM (NASDAQ:PYCR – Get Rating) had its price target reduced by Deutsche Bank Aktiengesellschaft from $36.00 to $29.00 in a report published on Monday, The Fly reports.
PYCR has been the subject of a number of other reports. 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 price objective for the company. The Goldman Sachs Group decreased their price target on shares of 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 three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of Hold and an average price target of $33.54.
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Paycor HCM Trading Down 1.6 %
Shares of PYCR opened at $24.02 on Monday. The stock's fifty day simple moving average is $25.48 and its 200 day simple moving average is $27.77. Paycor HCM has a twelve month low of $20.14 and a twelve month high of $34.95. The firm has a market capitalization of $4.22 billion, a P/E ratio of -42.89 and a beta of 0.43.
Paycor HCM (NASDAQ:PYCR – Get Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02. Paycor HCM had a negative return on equity of 0.78% and a negative net
margin of 20.89%. The firm had revenue of $118.30 million during the quarter, compared to the consensus estimate of $113.37 million. Sell-side analysts predict that Paycor HCM will post -0.02 earnings per share for the current year.
Insider Buying and Selling
In other news, major shareholder Pride Gp, Inc. sold 6,000,000 shares of Paycor HCM stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $28.45, for a total value of $170,700,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, major shareholder Pride Gp, Inc. sold 6,000,000 shares of the company's stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $28.45, for a total transaction of $170,700,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan Corr sold 1,508 shares of the firm's stock in a transaction dated Thursday, January 5th. The stock was sold at an average price of $23.68, for a total transaction of $35,709.44. Following the completion of the transaction, the director now owns 24,326 shares of the company's stock, valued at $576,039.68. The disclosure for this sale can be found here. 0.39% of the stock is owned by corporate insiders.
Institutional Trading of Paycor HCM
Several hedge funds and other institutional investors have recently modified their holdings of the business. Clearbridge Investments LLC increased its stake in shares of Paycor HCM by 69.6% in the first quarter. Clearbridge Investments LLC now owns 4,506,633 shares of the company's stock worth $131,188,000 after acquiring an additional 1,849,370 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Paycor HCM by 32.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 5,387,001 shares of the company's stock valued at $140,062,000 after purchasing an additional 1,316,954 shares in the last quarter. Vanguard Group Inc. increased its position in Paycor HCM by 26.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,770,922 shares of the company's stock worth $141,029,000 after purchasing an additional 992,074 shares during the last quarter. Riverbridge Partners LLC purchased a new stake in shares of Paycor HCM during the 2nd quarter worth about $25,562,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Paycor HCM during the 3rd quarter valued at about $24,039,000. 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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