The Goldman Sachs Group Forecasts Strong Price Appreciation for Paycor HCM (NASDAQ:PYCR) Stock

Paycor HCM (NASDAQ:PYCR) had its price target increased by The Goldman Sachs Group from $19.00 to $21.00 in a report published on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

PYCR has been the topic of a number of other research reports. UBS Group reduced their price target on Paycor HCM from $18.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, August 16th. BMO Capital Markets increased their target price on Paycor HCM from $15.00 to $19.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. cut their target price on Paycor HCM from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. TD Cowen increased their target price on Paycor HCM from $15.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Finally, Citigroup increased their target price on Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $19.31.

Paycor HCM Stock Down 0.4 %

Shares of Paycor HCM stock opened at $18.06 on Tuesday. Paycor HCM has a fifty-two week low of $10.92 and a fifty-two week high of $22.65. The firm has a market cap of $3.24 billion, a PE ratio of -69.46, a P/E/G ratio of 4.44 and a beta of 0.42. The business’s fifty day moving average is $15.22 and its two-hundred day moving average is $13.78.

Insiders Place Their Bets

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total transaction of $52,196.46. Following the transaction, the director now owns 21,218 shares in the company, valued at $297,476.36. The trade was a 14.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.39% of the stock is currently owned by insiders.

Institutional Trading of Paycor HCM

Hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC increased its position in shares of Paycor HCM by 950.7% during the second quarter. CWM LLC now owns 2,385 shares of the company’s stock worth $30,000 after acquiring an additional 2,158 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Paycor HCM by 1,923.0% during the third quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock worth $42,000 after acquiring an additional 2,846 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Paycor HCM by 52.4% during 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 last quarter. Covestor Ltd increased its position in shares of Paycor HCM by 29.4% during the third quarter. Covestor Ltd now owns 5,322 shares of the company’s stock worth $76,000 after acquiring an additional 1,210 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Paycor HCM during the second quarter worth about $69,000. 36.76% of the stock is owned by hedge funds and other institutional investors.

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.