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

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

Several other research firms have also issued reports on PYCR. JPMorgan Chase & Co. dropped their price target on Paycor HCM from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Citigroup increased their target price on Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Stephens started coverage on Paycor HCM in a research report on Wednesday, October 16th. They issued an “overweight” rating and a $18.00 target price on the stock. UBS Group dropped their target price on Paycor HCM from $18.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, August 16th. Finally, Stifel Nicolaus dropped 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. Eight equities 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, the company presently has an average rating of “Moderate Buy” and an average target price of $19.56.

Paycor HCM Trading Up 0.3 %

PYCR stock opened at $14.35 on Tuesday. The firm has a market cap of $2.57 billion, a P/E ratio of -42.20, a P/E/G ratio of 4.44 and a beta of 0.44. Paycor HCM has a 12-month low of $10.92 and a 12-month high of $22.65. The stock’s 50 day simple moving average is $13.98 and its 200 day simple moving average is $13.88.

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

Insider Transactions at Paycor HCM

In related news, Director Jeremy Rishel sold 3,723 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was 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 of the company’s stock, valued at $297,476.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new position in Paycor HCM during the third quarter valued at about $157,000. International Assets Investment Management LLC boosted its stake in Paycor HCM by 1,923.0% during the third 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 in the last quarter. Whittier Trust Co. bought a new position in Paycor HCM during the third quarter valued at about $799,000. Raymond James & Associates boosted its stake in Paycor HCM by 0.6% during the third quarter. Raymond James & Associates now owns 328,827 shares of the company’s stock valued at $4,666,000 after buying an additional 1,834 shares in the last quarter. Finally, Trust Point Inc. boosted its stake in Paycor HCM by 62.1% during the third quarter. Trust Point Inc. now owns 52,304 shares of the company’s stock valued at $742,000 after buying an additional 20,038 shares in the last quarter. 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.