Paycor HCM, Inc. (NASDAQ:PYCR) Director Jonathan Corr Sells 1,508 Shares

Paycor HCM, Inc. (NASDAQ:PYCR) Director Jonathan Corr sold 1,508 shares of Paycor HCM stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $13.47, for a total transaction of $20,312.76. Following the sale, the director now owns 15,464 shares of the company’s stock, valued at approximately $208,300.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Paycor HCM Stock Performance

PYCR stock traded down $0.02 on Wednesday, reaching $13.11. The company’s stock had a trading volume of 774,463 shares, compared to its average volume of 948,912. The firm has a market cap of $2.34 billion, a PE ratio of -32.02, a PEG ratio of 4.37 and a beta of 0.44. The business has a fifty day simple moving average of $13.59 and a two-hundred day simple moving average of $14.26. Paycor HCM, Inc. has a 12-month low of $10.92 and a 12-month high of $25.48.

Paycor HCM (NASDAQ:PYCR) last posted its earnings results on Wednesday, August 14th. The company reported $0.11 EPS for the quarter, topping 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 firm had revenue of $164.80 million during the quarter, compared to analysts’ expectations of $161.14 million. During the same period last year, the company posted ($0.01) EPS. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. As a group, research analysts anticipate that Paycor HCM, Inc. will post 0.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Truist Financial dropped their price target on Paycor HCM from $33.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Mizuho reduced their price objective on Paycor HCM from $19.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 23rd. UBS Group reduced their price target on shares of Paycor HCM from $18.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, August 16th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $20.00 price objective on shares of Paycor HCM in a report on Tuesday, June 11th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $19.40.

Institutional Trading of Paycor HCM

Several large investors have recently bought and sold shares of the company. Bullseye Asset Management LLC lifted its stake in shares of Paycor HCM by 17.9% in the 4th quarter. Bullseye Asset Management LLC now owns 98,924 shares of the company’s stock valued at $2,135,000 after purchasing an additional 15,000 shares during the period. Virtu Financial LLC bought a new position in Paycor HCM in the fourth quarter worth $270,000. Vanguard Group Inc. lifted its position in Paycor HCM by 12.8% during the fourth quarter. Vanguard Group Inc. now owns 6,174,610 shares of the company’s stock valued at $133,310,000 after buying an additional 700,499 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Paycor HCM by 12.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,695 shares of the company’s stock valued at $296,000 after buying an additional 1,536 shares in the last quarter. Finally, Renaissance Capital LLC grew its position in shares of Paycor HCM by 3.0% in the 1st quarter. Renaissance Capital LLC now owns 42,319 shares of the company’s stock worth $823,000 after buying an additional 1,230 shares during the period. 36.76% of the stock is owned by institutional investors.

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.