Paycor HCM (NASDAQ:PYCR) Reaches New 52-Week Low at $17.10

Shares of Paycor HCM, Inc. (NASDAQ:PYCR - Get Free Report) hit a new 52-week low on Tuesday . The stock traded as low as $17.10 and last traded at $17.20, with a volume of 19947 shares. The stock had previously closed at $17.43.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Jefferies Financial Group reissued a "hold" rating and set a $22.00 price objective (down from $27.00) on shares of Paycor HCM in a report on Friday, January 5th. BTIG Research started coverage on shares of Paycor HCM in a report on Tuesday, February 6th. They issued a "buy" rating and a $26.00 price target for the company. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $42.00 price target on shares of Paycor HCM in a report on Monday, March 18th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $27.35.

Paycor HCM Stock Performance

The business's 50 day moving average price is $19.59 and its two-hundred day moving average price is $20.62. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of -35.54, a price-to-earnings-growth ratio of 5.96 and a beta of 0.50.

Paycor HCM (NASDAQ:PYCR - Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $159.54 million during the quarter, compared to analyst estimates of $155.49 million. Paycor HCM had a positive return on equity of 1.28% and a negative net margin of 13.82%. On average, sell-side analysts expect that Paycor HCM, Inc. will post 0.15 earnings per share for the current year.

Insider Transactions at Paycor HCM

In other news, insider Alice L. Geene sold 1,577 shares of the company'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 sale, 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 document filed with the SEC, which is available at this hyperlink. In related news, insider Alice L. Geene sold 1,577 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 107,581 shares of the company's stock, valued at $1,978,414.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jonathan Corr sold 1,508 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $18.30, for a total transaction of $27,596.40. Following the sale, the director now directly owns 18,480 shares of the company's stock, valued at $338,184. The disclosure for this sale can be found here. In the last three months, insiders sold 4,513 shares of company stock valued at $85,372. Company insiders own 0.90% of the company's stock.

Institutional Investors Weigh In On Paycor HCM

Hedge funds have recently made changes to their positions in the company. Clearbridge Investments LLC lifted its position in shares of Paycor HCM by 0.5% in the 3rd quarter. Clearbridge Investments LLC now owns 5,682,420 shares of the company's stock valued at $129,730,000 after acquiring an additional 25,925 shares in the last quarter. Vanguard Group Inc. increased its stake in Paycor HCM by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 5,474,111 shares of the company's stock valued at $124,974,000 after buying an additional 237,398 shares during the period. Van Berkom & Associates Inc. acquired a new position in Paycor HCM in the 3rd quarter valued at approximately $19,610,000. Fifth Third Bancorp increased its stake in Paycor HCM by 1,611.7% in the 4th quarter. Fifth Third Bancorp now owns 408,173 shares of the company's stock valued at $8,812,000 after buying an additional 384,327 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Paycor HCM by 29.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 353,657 shares of the company's stock valued at $8,074,000 after buying an additional 79,976 shares during the period. Hedge funds and other institutional investors 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.