Jeremy Rishel Sells 3,723 Shares of Paycor HCM, Inc. (NASDAQ:PYCR) Stock

Paycor HCM, Inc. (NASDAQ:PYCR) Director Jeremy Rishel sold 3,723 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total transaction of $52,196.46. Following the completion of the transaction, the director now owns 21,218 shares in the company, valued at approximately $297,476.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Paycor HCM Stock Up 2.6 %

Shares of PYCR stock opened at $14.15 on Friday. Paycor HCM, Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $25.34. The firm’s 50 day moving average price is $13.81 and its two-hundred day moving average price is $14.04. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of -34.51, a price-to-earnings-growth ratio of 4.05 and a beta of 0.44.

Paycor HCM (NASDAQ:PYCR) last posted its earnings results on Wednesday, August 14th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. Paycor HCM had a negative net margin of 9.00% and a positive return on equity of 2.98%. The business had revenue of $164.80 million for the quarter, compared to analyst estimates of $161.14 million. During the same quarter in the previous year, the business posted ($0.01) EPS. The business’s quarterly revenue was up 17.7% on a year-over-year basis. On average, equities analysts forecast that Paycor HCM, Inc. will post 0.25 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on PYCR. The Goldman Sachs Group cut their price objective on shares of Paycor HCM from $19.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, August 16th. UBS Group cut their price target on Paycor HCM from $18.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, August 16th. Truist Financial decreased their price objective on Paycor HCM from $33.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Stephens initiated coverage on Paycor HCM in a research note on Wednesday. They issued an “overweight” rating and a $18.00 target price for the company. Finally, JPMorgan Chase & Co. decreased their price target on Paycor HCM from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $19.31.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PYCR. Vanguard Group Inc. grew its stake in shares of Paycor HCM by 11.5% in the first quarter. Vanguard Group Inc. now owns 6,884,980 shares of the company’s stock valued at $133,844,000 after buying an additional 710,370 shares in the last quarter. Bank of New York Mellon Corp grew its position in Paycor HCM by 149.2% in the second quarter. Bank of New York Mellon Corp now owns 607,996 shares of the company’s stock valued at $7,722,000 after acquiring an additional 364,025 shares in the last quarter. Marshall Wace LLP grew its position in Paycor HCM by 1,234.9% in the second quarter. Marshall Wace LLP now owns 370,985 shares of the company’s stock valued at $4,712,000 after acquiring an additional 343,194 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Paycor HCM by 207.5% during the second quarter. Cubist Systematic Strategies LLC now owns 465,097 shares of the company’s stock valued at $5,907,000 after purchasing an additional 313,851 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Paycor HCM by 9.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,429,701 shares of the company’s stock worth $47,233,000 after purchasing an additional 213,313 shares in the last quarter. Institutional investors and hedge funds 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.