Paycor HCM, Inc. (NASDAQ:PYCR) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Paycor HCM, Inc. (NASDAQ:PYCR) have been assigned a consensus rating of “Moderate Buy” from the sixteen research firms that are presently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $19.56.

Several analysts have recently commented on PYCR shares. JPMorgan Chase & Co. decreased their price objective on shares of Paycor HCM from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Jefferies Financial Group raised their price target on Paycor HCM from $13.00 to $15.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. UBS Group dropped their price objective on Paycor HCM from $18.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, August 16th. Mizuho cut their target price on Paycor HCM from $19.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, July 23rd. Finally, Stephens assumed coverage on Paycor HCM in a report on Wednesday, October 16th. They issued an “overweight” rating and a $18.00 price target on the stock.

Insider Activity

In related news, Director Jeremy Rishel sold 3,723 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total value of $52,196.46. Following the completion of the sale, the director now directly owns 21,218 shares in the company, valued at $297,476.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On Paycor HCM

Hedge funds have recently added to or reduced their stakes in the company. Covestor Ltd boosted its position in shares of Paycor HCM by 29.4% during the third quarter. Covestor Ltd now owns 5,322 shares of the company’s stock valued at $76,000 after buying an additional 1,210 shares during the period. Principal Financial Group Inc. bought a new stake in shares of Paycor HCM during the 3rd quarter worth approximately $962,000. US Bancorp DE boosted its holdings in Paycor HCM by 46.0% during the 3rd quarter. US Bancorp DE now owns 16,558 shares of the company’s stock valued at $235,000 after acquiring an additional 5,216 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in Paycor HCM during the 3rd quarter valued at $157,000. Finally, International Assets Investment Management LLC grew its position in Paycor HCM by 1,923.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock valued at $42,000 after acquiring an additional 2,846 shares during the last quarter. 36.76% of the stock is currently owned by institutional investors.

Paycor HCM Stock Performance

NASDAQ PYCR opened at $15.48 on Friday. The business’s fifty day moving average is $14.06 and its 200 day moving average is $13.75. Paycor HCM has a fifty-two week low of $10.92 and a fifty-two week high of $22.65. The company has a market capitalization of $2.77 billion, a PE ratio of -45.53, a price-to-earnings-growth ratio of 4.68 and a beta of 0.42.

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

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.