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

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

Paycor HCM Stock Performance

Shares of Paycor HCM stock opened at $13.27 on Friday. The business has a 50-day moving average of $13.63 and a two-hundred day moving average of $14.24. Paycor HCM, Inc. has a 1 year low of $10.92 and a 1 year high of $25.48.

Paycor HCM (NASDAQ:PYCR) last announced 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. The business had revenue of $164.80 million during the quarter, compared to analysts’ expectations of $161.14 million. Paycor HCM had a negative net margin of 9.00% and a positive return on equity of 2.98%. The firm’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.01) earnings per share. On average, sell-side analysts predict that Paycor HCM, Inc. will post 0.25 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on PYCR shares. Citigroup raised their target price on Paycor HCM from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Truist Financial lowered their price objective on shares of Paycor HCM from $33.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. JPMorgan Chase & Co. cut 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. UBS Group reduced their target price on Paycor HCM from $18.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, August 16th. Finally, Jefferies Financial Group decreased their price target on Paycor HCM from $14.00 to $11.00 and set a “hold” rating on the stock in a research note on Monday, June 24th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $19.40.

Institutional Investors Weigh In On Paycor HCM

A number of hedge funds and other institutional investors have recently modified their holdings of PYCR. Advisors Asset Management Inc. raised its stake in Paycor HCM by 52.4% during the first quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company’s stock worth $67,000 after acquiring an additional 1,178 shares in the last quarter. Renaissance Capital LLC grew its holdings in shares of Paycor HCM by 3.0% during the first quarter. Renaissance Capital LLC now owns 42,319 shares of the company’s stock valued at $823,000 after buying an additional 1,230 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Paycor HCM by 12.6% during the fourth 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 during the last quarter. Rhumbline Advisers lifted its position in shares of Paycor HCM by 2.3% during the second quarter. Rhumbline Advisers now owns 67,959 shares of the company’s stock valued at $863,000 after purchasing an additional 1,560 shares in the last quarter. Finally, Fiera Capital Corp boosted its position in Paycor HCM by 0.9% in the second quarter. Fiera Capital Corp now owns 190,677 shares of the company’s stock worth $2,422,000 after purchasing an additional 1,629 shares during the last quarter. Institutional investors and hedge funds 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.