Paycor HCM (NASDAQ:PYCR) Given New $18.00 Price Target at TD Cowen

Paycor HCM (NASDAQ:PYCR) had its price objective increased by analysts at TD Cowen from $15.00 to $18.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. TD Cowen’s price objective would suggest a potential upside of 5.39% from the stock’s current price.

PYCR has been the subject of several other research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 target price on shares of Paycor HCM in a research report on Thursday. Jefferies Financial Group raised their target price on Paycor HCM from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. BTIG Research decreased their target price on Paycor HCM from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Truist Financial reduced their price objective on Paycor HCM from $33.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Finally, Mizuho reduced their price objective 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. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Paycor HCM currently has a consensus rating of “Hold” and an average target price of $19.41.

Paycor HCM Trading Up 2.3 %

Shares of NASDAQ PYCR traded up $0.39 during mid-day trading on Thursday, reaching $17.08. The company had a trading volume of 2,531,147 shares, compared to its average volume of 942,580. The stock has a market cap of $3.05 billion, a PE ratio of -65.65, a P/E/G ratio of 4.87 and a beta of 0.42. The company has a 50-day moving average price of $14.17 and a two-hundred day moving average price of $13.74. Paycor HCM has a 1-year low of $10.92 and a 1-year high of $22.65.

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

Insider Transactions at Paycor HCM

In other news, Director Jeremy Rishel sold 3,723 shares of Paycor HCM stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total value of $52,196.46. Following the transaction, the director now directly owns 21,218 shares in the company, valued at approximately $297,476.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.39% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Prevail Innovative Wealth Advisors LLC increased its position in shares of Paycor HCM by 434.5% in the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 118,998 shares of the company’s stock valued at $1,511,000 after buying an additional 96,736 shares in the last quarter. SG Americas Securities LLC acquired a new position in Paycor HCM in the 1st quarter worth $811,000. Comerica Bank boosted its stake in Paycor HCM by 40.8% in the 1st quarter. Comerica Bank now owns 487,747 shares of the company’s stock worth $9,482,000 after purchasing an additional 141,391 shares during the period. Clearbridge Investments LLC boosted its stake in Paycor HCM by 1.9% in the 1st quarter. Clearbridge Investments LLC now owns 6,344,522 shares of the company’s stock worth $123,338,000 after purchasing an additional 116,118 shares during the period. Finally, Swiss National Bank boosted its stake in Paycor HCM by 14.8% in the 1st quarter. Swiss National Bank now owns 140,200 shares of the company’s stock worth $2,725,000 after purchasing an additional 18,100 shares during the period. 36.76% of the stock is 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.