Paycor HCM (NASDAQ:PYCR) Price Target Lowered to $20.00 at BMO Capital Markets

Paycor HCM (NASDAQ:PYCR) had its price objective lowered by stock analysts at BMO Capital Markets from $23.00 to $20.00 in a report issued on Thursday, Briefing.com reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 14.29% from the stock’s current price.

A number of other brokerages have also recently issued reports on PYCR. BTIG Research initiated coverage on shares of Paycor HCM in a research note on Tuesday, February 6th. They issued a “buy” rating and a $26.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and issued a $42.00 price objective on shares of Paycor HCM in a report on Thursday, April 25th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Paycor HCM has an average rating of “Hold” and a consensus target price of $27.18.

Paycor HCM Stock Down 2.4 %

Shares of PYCR stock opened at $17.50 on Thursday. The business has a 50-day moving average price of $18.56 and a two-hundred day moving average price of $19.88. Paycor HCM has a 12-month low of $16.48 and a 12-month high of $27.50. The firm has a market cap of $3.12 billion, a P/E ratio of -36.46, a price-to-earnings-growth ratio of 5.87 and a beta of 0.54.

Paycor HCM (NASDAQ:PYCR) last issued 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 positive return on equity of 1.28% and a negative net margin of 13.82%. The firm had revenue of $159.54 million during the quarter, compared to analysts’ expectations of $155.49 million. As a group, research analysts expect that Paycor HCM will post 0.15 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Alice L. Geene sold 1,577 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $18.39, for a total transaction of $29,001.03. Following the sale, the insider now owns 107,581 shares of the company’s stock, valued at $1,978,414.59. The transaction was disclosed in a legal 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 stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $18.39, for a total transaction of $29,001.03. Following the sale, the insider now owns 107,581 shares in the company, valued at $1,978,414.59. The transaction was disclosed in a filing with the SEC, which is available at this link. 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. Company insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On Paycor HCM

Institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC grew its position in shares of Paycor HCM by 1,824.7% during the 4th quarter. International Assets Investment Management LLC now owns 3,195 shares of the company’s stock valued at $69,000 after acquiring an additional 3,029 shares during the period. Covestor Ltd raised its stake in shares of Paycor HCM by 48.6% in the third quarter. Covestor Ltd now owns 3,589 shares of the company’s stock worth $82,000 after buying an additional 1,174 shares during the period. Handelsbanken Fonder AB purchased a new position in shares of Paycor HCM during the 4th quarter valued at about $203,000. Archford Capital Strategies LLC bought a new position in shares of Paycor HCM during the 1st quarter valued at approximately $206,000. Finally, Hardy Reed LLC purchased a new stake in Paycor HCM in the 1st quarter worth approximately $223,000. 36.76% of the stock is currently owned by hedge funds and other institutional investors.

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.