Paycor HCM (NASDAQ:PYCR) Price Target Lowered to $19.00 at Mizuho

Paycor HCM (NASDAQ:PYCR) had its price objective lowered by research analysts at Mizuho from $22.00 to $19.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s price target indicates a potential upside of 8.57% from the stock’s previous close.

A number of other brokerages have also commented on PYCR. Needham & Company LLC restated a “buy” rating and issued a $42.00 price target on shares of Paycor HCM in a report on Thursday, April 25th. BMO Capital Markets reduced their price target on Paycor HCM from $23.00 to $20.00 and set a “market perform” rating for the company in a research report on Thursday. Finally, BTIG Research started coverage on shares of Paycor HCM in a report on Tuesday, February 6th. They issued a “buy” rating and a $26.00 price objective on the stock. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $26.47.

Paycor HCM Stock Down 2.4 %

Shares of PYCR stock opened at $17.50 on Thursday. The firm has a fifty day moving average of $18.56 and a 200-day moving average of $19.88. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of -36.46, a price-to-earnings-growth ratio of 5.87 and a beta of 0.54. Paycor HCM has a 12-month low of $16.48 and a 12-month high of $27.50.

Paycor HCM (NASDAQ:PYCR) last announced its earnings results on Wednesday, February 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). Paycor HCM had a positive return on equity of 1.28% and a negative net margin of 13.82%. The company had revenue of $159.54 million for the quarter, compared to analyst estimates of $155.49 million. Research analysts expect that Paycor HCM will post 0.15 earnings per share for the current year.

Insider Buying and Selling

In other Paycor HCM news, insider Alice L. Geene sold 1,577 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were 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 in the company, valued at $1,978,414.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Jonathan Corr sold 1,508 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $18.30, for a total transaction of $27,596.40. Following the transaction, the director now directly owns 18,480 shares of the company’s stock, valued at $338,184. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alice L. Geene sold 1,577 shares of Paycor HCM stock in a transaction that occurred on Thursday, April 4th. The shares were 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 owns 107,581 shares of the company’s stock, valued at $1,978,414.59. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Paycor HCM

A number of hedge funds have recently added to or reduced their stakes in PYCR. Conestoga Capital Advisors LLC increased its position in shares of Paycor HCM by 38.9% in the first quarter. Conestoga Capital Advisors LLC now owns 6,657,141 shares of the company’s stock worth $129,415,000 after purchasing an additional 1,864,020 shares during the period. Clearbridge Investments LLC increased its holdings in Paycor HCM by 9.6% in the 4th quarter. Clearbridge Investments LLC now owns 6,228,404 shares of the company’s stock valued at $134,471,000 after buying an additional 545,984 shares during the period. Vanguard Group Inc. raised its position in shares of Paycor HCM by 12.8% in the 4th 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 in the last quarter. Invesco Ltd. boosted its position in shares of Paycor HCM by 2.5% during the 3rd quarter. Invesco Ltd. now owns 3,214,382 shares of the company’s stock worth $73,384,000 after acquiring an additional 79,602 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Paycor HCM by 7.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,068,092 shares of the company’s stock valued at $70,045,000 after purchasing an additional 215,084 shares in the last quarter. Institutional investors 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.