Paycor HCM, Inc. (NASDAQ:PYCR – Get Free Report)’s stock price reached a new 52-week low on Thursday after Citigroup lowered their price target on the stock from $20.00 to $17.00. Citigroup currently has a neutral rating on the stock. Paycor HCM traded as low as $13.65 and last traded at $13.67, with a volume of 100284 shares traded. The stock had previously closed at $13.96.
Several other research firms have also recently commented on PYCR. BTIG Research assumed coverage on shares of Paycor HCM in a report on Tuesday, February 6th. They set a “buy” rating and a $26.00 price target for the company. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Paycor HCM from $21.00 to $19.00 and set a “hold” rating on the stock in a research note on Thursday, May 9th. The Goldman Sachs Group reduced their price objective on shares of Paycor HCM from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th. BMO Capital Markets lowered their price objective on shares of Paycor HCM from $23.00 to $20.00 and set a “market perform” rating on the stock in a report on Thursday, May 9th. Finally, Mizuho decreased 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 Thursday, May 9th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $24.44.
Insider Transactions at Paycor HCM
In other news, Director Jonathan Corr sold 1,508 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $18.30, for a total transaction of $27,596.40. Following the completion of the transaction, the director now owns 18,480 shares in the company, valued at approximately $338,184. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $29,001.03. Following the transaction, the insider now directly owns 107,581 shares of the company’s stock, valued at approximately $1,978,414.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan Corr sold 1,508 shares of Paycor HCM stock in a transaction that occurred 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 completion of the sale, the director now owns 18,480 shares in the company, valued at $338,184. The disclosure for this sale can be found here. 0.39% of the stock is owned by insiders.
Institutional Investors Weigh In On Paycor HCM
Hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. boosted its stake in shares of Paycor HCM by 52.4% in 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 during the period. International Assets Investment Management LLC raised its position in 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 purchasing an additional 3,029 shares in the last quarter. Covestor Ltd raised its position in Paycor HCM by 48.6% during the 3rd quarter. Covestor Ltd now owns 3,589 shares of the company’s stock valued at $82,000 after purchasing an additional 1,174 shares in the last quarter. Handelsbanken Fonder AB bought a new position in shares of Paycor HCM in the 4th quarter worth $203,000. Finally, Archford Capital Strategies LLC bought a new position in shares of Paycor HCM in the 1st quarter worth $206,000. 36.76% of the stock is owned by institutional investors.
Paycor HCM Trading Down 4.3 %
The company has a 50-day moving average price of $17.26 and a 200 day moving average price of $19.35. The stock has a market capitalization of $2.38 billion, a P/E ratio of -32.58, a price-to-earnings-growth ratio of 3.75 and a beta of 0.54.
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.