Jefferies Financial Group Boosts Paycor HCM (NASDAQ:PYCR) Price Target to $15.00

Paycor HCM (NASDAQ:PYCR) had its target price boosted by Jefferies Financial Group from $13.00 to $15.00 in a research note published on Tuesday, Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

PYCR has been the subject of a number of other research reports. BTIG Research dropped their price objective on shares of Paycor HCM from $26.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Truist Financial dropped their price objective on shares of 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 dropped their price objective on shares of Paycor HCM from $19.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, July 23rd. The Goldman Sachs Group dropped 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 note on Friday, August 16th. Finally, Needham & Company LLC dropped their price objective on shares of Paycor HCM from $42.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.56.

Paycor HCM Trading Up 0.3 %

Paycor HCM stock opened at $14.35 on Tuesday. The stock has a market cap of $2.57 billion, a PE ratio of -42.20, a P/E/G ratio of 4.44 and a beta of 0.44. The stock has a 50-day moving average price of $13.98 and a 200 day moving average price of $13.88. Paycor HCM has a 52 week low of $10.92 and a 52 week high of $22.65.

Paycor HCM (NASDAQ:PYCR) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.11 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $161.14 million. During the same quarter last year, the business posted ($0.01) EPS. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. On average, equities analysts predict that Paycor HCM will post 0.25 EPS for the current year.

Insiders Place Their Bets

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 21,218 shares in the company, valued at $297,476.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.39% of the stock is owned by company insiders.

Hedge Funds Weigh In On Paycor HCM

Institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC boosted its stake in shares of Paycor HCM by 950.7% during the 2nd quarter. CWM LLC now owns 2,385 shares of the company’s stock valued at $30,000 after buying an additional 2,158 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Paycor HCM by 1,923.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock valued at $42,000 after buying an additional 2,846 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Paycor HCM by 52.4% during the 1st quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company’s stock valued at $67,000 after buying an additional 1,178 shares during the last quarter. Quarry LP purchased a new position in shares of Paycor HCM during the 2nd quarter valued at approximately $69,000. Finally, HighMark Wealth Management LLC boosted its stake in shares of Paycor HCM by 100.0% during the 2nd quarter. HighMark Wealth Management LLC now owns 7,730 shares of the company’s stock valued at $98,000 after buying an additional 3,865 shares during the last quarter. Hedge funds and other institutional investors 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.