Paycor HCM (NASDAQ:PYCR) PT Lowered to $11.00 at Jefferies Financial Group

Paycor HCM (NASDAQ:PYCR) had its price objective lowered by Jefferies Financial Group from $14.00 to $11.00 in a report issued on Monday morning, Benzinga reports. The firm currently has a hold rating on the stock.

PYCR has been the topic of several other reports. The Goldman Sachs Group lowered their target price on Paycor HCM from $22.00 to $19.00 and set a neutral rating on the stock in a research report on Monday, May 13th. Deutsche Bank Aktiengesellschaft lowered their target price on Paycor HCM from $21.00 to $19.00 and set a hold rating on the stock in a research report on Thursday, May 9th. Robert W. Baird lowered their target price on Paycor HCM from $36.00 to $27.00 and set an outperform rating on the stock in a research report on Thursday, May 9th. BMO Capital Markets restated a market perform rating and issued a $20.00 target price on shares of Paycor HCM in a research report on Tuesday, June 11th. Finally, Mizuho lowered their target price on Paycor HCM from $22.00 to $19.00 and set a neutral rating on the stock in a research report on Thursday, May 9th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Hold and an average target price of $23.56.

Paycor HCM Trading Down 0.2 %

Shares of Paycor HCM stock opened at $12.38 on Monday. The business’s 50 day simple moving average is $14.16 and its 200-day simple moving average is $17.97. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of -30.19, a PEG ratio of 3.34 and a beta of 0.40. Paycor HCM has a twelve month low of $10.92 and a twelve month high of $27.50.

Paycor HCM (NASDAQ:PYCR) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $187.02 million for the quarter, compared to analysts’ expectations of $186.35 million. Paycor HCM had a positive return on equity of 2.09% and a negative net margin of 11.11%. Sell-side analysts predict that Paycor HCM will post 0.19 earnings per share for the current year.

Insider Transactions at Paycor HCM

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

Institutional Trading of Paycor HCM

Several hedge funds and other institutional investors have recently modified their holdings of the business. Mariner LLC boosted its position in shares of Paycor HCM by 1.8% in the third quarter. Mariner LLC now owns 40,794 shares of the company’s stock worth $931,000 after buying an additional 730 shares during the period. Covestor Ltd raised its holdings in shares of Paycor HCM by 48.6% during the third quarter. Covestor Ltd now owns 3,589 shares of the company’s stock worth $82,000 after acquiring an additional 1,174 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Paycor HCM by 52.4% during the first quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company’s stock worth $67,000 after acquiring an additional 1,178 shares in the last quarter. Renaissance Capital LLC raised its holdings in shares of Paycor HCM by 3.0% during the first quarter. Renaissance Capital LLC now owns 42,319 shares of the company’s stock worth $823,000 after acquiring an additional 1,230 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Paycor HCM by 12.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,695 shares of the company’s stock worth $296,000 after acquiring an additional 1,536 shares in the last quarter. Institutional investors and hedge funds own 36.76% of the company’s stock.

Paycor HCM Company Profile

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.