The Goldman Sachs Group Cuts Paycor HCM (NASDAQ:PYCR) Price Target to $19.00

Paycor HCM (NASDAQ:PYCR - Get Free Report) had its price objective dropped by equities research analysts at The Goldman Sachs Group from $22.00 to $19.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a "neutral" rating on the stock. The Goldman Sachs Group's price target points to a potential upside of 34.18% from the stock's previous close.

Other equities research analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Paycor HCM from $21.00 to $19.00 and set a "hold" rating on the stock in a research report on Thursday. Robert W. Baird cut their price objective on Paycor HCM from $36.00 to $27.00 and set an "outperform" rating for the company in a report on Thursday. BTIG Research began coverage on shares of Paycor HCM in a research note on Tuesday, February 6th. They issued a "buy" rating and a $26.00 target price on the stock. Needham & Company LLC reissued a "buy" rating and issued a $42.00 price target on shares of Paycor HCM in a research note on Thursday. Finally, Mizuho decreased their price target on shares of Paycor HCM from $22.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Paycor HCM presently has a consensus rating of "Hold" and an average price target of $24.94.

Paycor HCM Stock Down 2.3 %

NASDAQ:PYCR traded down $0.34 during mid-day trading on Monday, hitting $14.16. 1,585,241 shares of the stock traded hands, compared to its average volume of 788,101. Paycor HCM has a 12-month low of $13.92 and a 12-month high of $27.50. The company has a market cap of $2.52 billion, a PE ratio of -34.54, a price-to-earnings-growth ratio of 5.05 and a beta of 0.54. The business's 50-day moving average price is $18.18 and its 200 day moving average price is $19.69.

Insiders Place Their Bets

In other news, Director Jonathan Corr sold 1,508 shares of the firm's stock in a transaction that occurred 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 transaction, the director now owns 18,480 shares in the company, valued at $338,184. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Jonathan Corr sold 1,508 shares of the business's stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $18.30, for a total transaction of $27,596.40. Following the transaction, the director now owns 18,480 shares in the company, valued at approximately $338,184. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Alice L. Geene sold 1,577 shares of the 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 completion of the sale, the insider now owns 107,581 shares of the company's stock, valued at approximately $1,978,414.59. The disclosure for this sale can be found here. Insiders own 0.90% of the company's stock.

Institutional Trading of Paycor HCM

Several large investors have recently added to or reduced their stakes in PYCR. International Assets Investment Management LLC lifted its stake in shares of Paycor HCM by 1,824.7% in 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 during the period. Covestor Ltd lifted its position in Paycor HCM by 48.6% during the third quarter. Covestor Ltd now owns 3,589 shares of the company's stock valued at $82,000 after buying an additional 1,174 shares during the period. Handelsbanken Fonder AB purchased a new position in Paycor HCM during the fourth quarter valued at $203,000. Archford Capital Strategies LLC bought a new stake in shares of Paycor HCM during the 1st quarter valued at $206,000. Finally, Hardy Reed LLC purchased a new stake in shares of Paycor HCM in the 1st quarter worth about $223,000. 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.