Paycor HCM (NASDAQ:PYCR) Sees Large Volume Increase

Shares of Paycor HCM, Inc. (NASDAQ:PYCR) saw strong trading volume on Tuesday . 2,545,036 shares traded hands during trading, an increase of 191% from the previous session’s volume of 873,819 shares.The stock last traded at $12.08 and had previously closed at $11.99.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. BMO Capital Markets reaffirmed a “market perform” rating and set a $20.00 price objective on shares of Paycor HCM in a report on Tuesday. Robert W. Baird reduced their price objective on shares of Paycor HCM from $36.00 to $27.00 and set an “outperform” rating for the company in a report on Thursday, May 9th. Mizuho cut their price target on shares of Paycor HCM from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. Needham & Company LLC reissued a “buy” rating and set a $42.00 price target on shares of Paycor HCM in a report on Thursday, May 9th. Finally, The Goldman Sachs Group dropped their target price on shares of Paycor HCM from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, May 13th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $24.44.

Paycor HCM Trading Up 0.9 %

The firm’s 50-day moving average is $15.61 and its 200-day moving average is $18.74. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of -29.27, a P/E/G ratio of 3.27 and a beta of 0.41.

Paycor HCM (NASDAQ:PYCR) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Paycor HCM had a positive return on equity of 2.09% and a negative net margin of 11.11%. The business had revenue of $187.02 million for the quarter, compared to analysts’ expectations of $186.35 million. Analysts forecast that Paycor HCM, Inc. will post 0.19 EPS for the current fiscal year.

Insider Buying and Selling at Paycor HCM

In other Paycor HCM news, insider Alice L. Geene sold 1,577 shares of the business’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 value of $29,001.03. Following the completion of the transaction, the insider now owns 107,581 shares of the company’s stock, valued at approximately $1,978,414.59. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Jonathan Corr sold 1,508 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $18.30, for a total value of $27,596.40. Following the completion of the sale, the director now owns 18,480 shares of the company’s stock, valued at approximately $338,184. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alice L. Geene sold 1,577 shares of the company’s stock in a transaction 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 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. Insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Paycor HCM

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its holdings in Paycor HCM by 52.4% in the 1st quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company’s stock worth $67,000 after purchasing an additional 1,178 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Paycor HCM by 1,824.7% during the 4th quarter. International Assets Investment Management LLC now owns 3,195 shares of the company’s stock valued at $69,000 after acquiring an additional 3,029 shares during the last quarter. Covestor Ltd lifted its stake in shares of Paycor HCM by 48.6% in the 3rd quarter. Covestor Ltd now owns 3,589 shares of the company’s stock worth $82,000 after purchasing an additional 1,174 shares during the period. Handelsbanken Fonder AB bought a new position in shares of Paycor HCM in the 4th quarter worth approximately $203,000. Finally, Archford Capital Strategies LLC bought a new position in shares of Paycor HCM in the 1st quarter worth approximately $206,000. 36.76% of the stock is currently owned by institutional investors.

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.