Paycor HCM (NASDAQ:PYCR) Now Covered by Stephens

Stephens initiated coverage on shares of Paycor HCM (NASDAQ:PYCR) in a research note published on Wednesday morning, MarketBeat reports. The firm issued an overweight rating and a $18.00 target price on the stock.

A number of other research firms have also recently issued reports on PYCR. Stifel Nicolaus decreased their target price on Paycor HCM from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Citigroup upped their price objective on shares of Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Jefferies Financial Group dropped their price objective on shares of Paycor HCM from $14.00 to $11.00 and set a “hold” rating for the company in a research note on Monday, June 24th. Needham & Company LLC decreased their target price on shares of Paycor HCM from $42.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Paycor HCM from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Paycor HCM presently has an average rating of “Moderate Buy” and a consensus target price of $19.31.

Paycor HCM Trading Up 1.5 %

Shares of NASDAQ:PYCR opened at $14.36 on Wednesday. The stock has a market capitalization of $2.56 billion, a PE ratio of -35.02, a PEG ratio of 4.14 and a beta of 0.44. The firm has a 50 day moving average of $13.85 and a 200-day moving average of $13.98. Paycor HCM has a 12 month low of $10.92 and a 12 month high of $25.19.

Paycor HCM (NASDAQ:PYCR) last released its earnings results on Wednesday, August 14th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate 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 period in the prior year, the company earned ($0.01) earnings per share. The company’s quarterly revenue was up 17.7% on a year-over-year basis. On average, research analysts predict that Paycor HCM will post 0.25 EPS for the current fiscal year.

Insider Activity at Paycor HCM

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of the firm’s stock in a transaction that occurred on 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.39% of the stock is currently owned by company insiders.

Institutional Trading of Paycor HCM

Large investors have recently bought and sold shares of the business. CWM LLC lifted its stake in shares of Paycor HCM by 950.7% in the 2nd quarter. CWM LLC now owns 2,385 shares of the company’s stock valued at $30,000 after purchasing an additional 2,158 shares during the period. Advisors Asset Management Inc. lifted its stake in Paycor HCM by 52.4% in the first 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 period. Quarry LP bought a new position in shares of Paycor HCM during the 2nd quarter worth approximately $69,000. HighMark Wealth Management LLC grew its position 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 worth $98,000 after buying an additional 3,865 shares during the period. Finally, nVerses Capital LLC bought a new stake in shares of Paycor HCM in the 2nd quarter valued at $123,000. 36.76% of the stock is currently owned by institutional investors and hedge funds.

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.