Paycor HCM (NASDAQ:PYCR) Reaches New 12-Month Low at $16.53

Paycor HCM, Inc. (NASDAQ:PYCR) reached a new 52-week low during trading on Thursday . The stock traded as low as $16.53 and last traded at $16.62, with a volume of 225826 shares changing hands. The stock had previously closed at $17.26.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PYCR shares. BTIG Research assumed coverage on shares of Paycor HCM in a research report on Tuesday, February 6th. They issued a “buy” rating and a $26.00 price objective on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $42.00 price target on shares of Paycor HCM in a research report on Thursday, April 25th. Finally, Jefferies Financial Group restated a “hold” rating and set a $22.00 price target (down from $27.00) on shares of Paycor HCM in a research note on Friday, January 5th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $27.35.

Paycor HCM Stock Down 2.5 %

The stock has a market cap of $3.00 billion, a PE ratio of -34.65, a price-to-earnings-growth ratio of 5.90 and a beta of 0.54. The firm has a 50 day moving average price of $18.92 and a 200 day moving average price of $20.13.

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

Insiders Place Their Bets

In related news, insider Alice L. Geene sold 1,577 shares of the stock in a transaction on Thursday, April 4th. The stock was 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 directly 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 can be accessed through the SEC website. In other Paycor HCM news, insider Alice L. Geene sold 1,577 shares of Paycor HCM stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $18.39, for a total transaction of $29,001.03. Following the transaction, the insider now owns 107,581 shares of the company’s stock, valued at $1,978,414.59. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jonathan Corr sold 1,508 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $18.30, for a total value of $27,596.40. Following the transaction, the director now directly owns 18,480 shares in the company, valued at approximately $338,184. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

Institutional Investors Weigh In On Paycor HCM

A number of large investors have recently modified their holdings of PYCR. Conestoga Capital Advisors LLC increased its position in Paycor HCM by 38.9% in the 1st quarter. Conestoga Capital Advisors LLC now owns 6,657,141 shares of the company’s stock valued at $129,415,000 after acquiring an additional 1,864,020 shares during the period. Van Berkom & Associates Inc. bought a new position in Paycor HCM during the third quarter valued at about $19,610,000. Vanguard Group Inc. increased its stake in shares of Paycor HCM by 12.8% in the fourth quarter. Vanguard Group Inc. now owns 6,174,610 shares of the company’s stock worth $133,310,000 after purchasing an additional 700,499 shares during the period. Norges Bank acquired a new position in Paycor HCM in the 4th quarter valued at approximately $15,054,000. Finally, Riverbridge Partners LLC raised its holdings in Paycor HCM by 49.4% in the 4th quarter. Riverbridge Partners LLC now owns 1,885,899 shares of the company’s stock valued at $40,717,000 after acquiring an additional 623,998 shares in the last quarter. Institutional investors and hedge funds 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.