Paycor HCM, Inc. (NASDAQ:PYCR) Receives $20.56 Average Price Target from Analysts

Paycor HCM, Inc. (NASDAQ:PYCR) has been given an average rating of “Moderate Buy” by the sixteen brokerages that are currently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $20.56.

PYCR has been the topic of several recent analyst reports. Citigroup boosted their target price on shares of Paycor HCM from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. The Goldman Sachs Group boosted their price target on shares of Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. BMO Capital Markets raised shares of Paycor HCM from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $19.00 to $24.00 in a research note on Thursday, December 12th. Stifel Nicolaus lifted their target price on shares of Paycor HCM from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, TD Cowen upgraded Paycor HCM from a “hold” rating to a “buy” rating and increased their price target for the stock from $18.00 to $22.00 in a research report on Monday, December 2nd.

Insider Activity at Paycor HCM

In related news, Director Jeremy Rishel sold 3,723 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total value of $52,196.46. Following the transaction, the director now directly owns 21,218 shares in the company, valued at $297,476.36. This represents a 14.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.39% of the stock is owned by company insiders.

Institutional Trading of Paycor HCM

Institutional investors and hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. acquired a new position in Paycor HCM during the third quarter valued at approximately $962,000. Franklin Resources Inc. grew its position in shares of Paycor HCM by 2.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company’s stock valued at $23,220,000 after purchasing an additional 46,127 shares during the period. Barclays PLC grew its position in shares of Paycor HCM by 50.8% in the 3rd quarter. Barclays PLC now owns 23,991 shares of the company’s stock valued at $340,000 after purchasing an additional 8,079 shares during the period. Neo Ivy Capital Management bought a new stake in Paycor HCM during the 3rd quarter worth approximately $912,000. Finally, Geode Capital Management LLC raised its holdings in Paycor HCM by 10.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,354,846 shares of the company’s stock worth $19,231,000 after buying an additional 132,662 shares during the period. Institutional investors own 36.76% of the company’s stock.

Paycor HCM Price Performance

Shares of PYCR stock opened at $19.07 on Monday. The stock’s fifty day simple moving average is $17.53 and its 200 day simple moving average is $14.69. Paycor HCM has a one year low of $10.92 and a one year high of $21.99. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of -73.35, a P/E/G ratio of 4.79 and a beta of 0.51.

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.