Paycor HCM, Inc. (NASDAQ:PYCR) Receives $27.35 Consensus Price Target from Brokerages

Paycor HCM, Inc. (NASDAQ:PYCR) has been given a consensus recommendation of “Hold” by the twelve brokerages that are currently covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $27.35.

Several equities analysts have recently issued reports on the company. BTIG Research assumed coverage on Paycor HCM in a research note on Tuesday, February 6th. They set a “buy” rating and a $26.00 target price on the stock. Jefferies Financial Group reissued a “hold” rating and set a $22.00 target price (down from $27.00) on shares of Paycor HCM in a research note on Friday, January 5th. Finally, Needham & Company LLC reissued a “buy” rating and set a $42.00 target price on shares of Paycor HCM in a research note on Monday, March 18th.

Paycor HCM Price Performance

Shares of Paycor HCM stock opened at $16.97 on Wednesday. The business’s 50 day simple moving average is $19.40 and its two-hundred day simple moving average is $20.53. The stock has a market capitalization of $3.02 billion, a P/E ratio of -35.35, a price-to-earnings-growth ratio of 5.69 and a beta of 0.50. Paycor HCM has a one year low of $16.56 and a one year high of $27.50.

Paycor HCM (NASDAQ:PYCR) last posted its earnings results on Wednesday, February 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). Paycor HCM had a negative net margin of 13.82% and a positive return on equity of 1.28%. The business had revenue of $159.54 million for the quarter, compared to analysts’ expectations of $155.49 million. Sell-side analysts expect that Paycor HCM will post 0.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Paycor HCM news, Director Jonathan Corr sold 1,508 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $18.30, for a total value of $27,596.40. Following the sale, the director now directly owns 18,480 shares of the company’s stock, valued at $338,184. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Alice L. Geene sold 1,577 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $18.39, for a total value of $29,001.03. Following the completion of the transaction, the insider now owns 107,581 shares in the company, valued at $1,978,414.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan Corr sold 1,508 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $18.30, for a total value of $27,596.40. Following the completion of the transaction, the director now owns 18,480 shares of the company’s stock, valued at approximately $338,184. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Moneta Group Investment Advisors LLC raised its stake in shares of Paycor HCM by 105,741.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,378,423 shares of the company’s stock worth $205,020,000 after purchasing an additional 8,370,507 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of Paycor HCM by 9.6% in the fourth quarter. Clearbridge Investments LLC now owns 6,228,404 shares of the company’s stock worth $134,471,000 after purchasing an additional 545,984 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Paycor HCM by 12.8% in the fourth quarter. Vanguard Group Inc. now owns 6,174,610 shares of the company’s stock worth $133,310,000 after purchasing an additional 700,499 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of 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 worth $140,062,000 after purchasing an additional 1,316,954 shares during the last quarter. Finally, Conestoga Capital Advisors LLC raised its stake in shares of Paycor HCM by 19.8% in the fourth quarter. Conestoga Capital Advisors LLC now owns 4,793,121 shares of the company’s stock worth $103,483,000 after purchasing an additional 793,590 shares during the last quarter. Hedge funds and other institutional investors own 36.76% of the company’s stock.

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.