Paycor HCM (NASDAQ:PYCR) Cut to Hold at Citizens Jmp

Paycor HCM (NASDAQ:PYCR) was downgraded by Citizens Jmp from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. Mizuho upped their price objective on shares of Paycor HCM from $20.00 to $22.50 and gave the company a “neutral” rating in a research note on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of Paycor HCM in a research report on Monday, January 6th. JMP Securities reiterated a “market outperform” rating and issued a $30.00 price objective on shares of Paycor HCM in a research report on Monday, January 6th. TD Cowen raised Paycor HCM from a “hold” rating to a “buy” rating and boosted their target price for the company from $18.00 to $22.00 in a research note on Monday, December 2nd. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $22.50 price target (down previously from $24.00) on shares of Paycor HCM in a research note on Wednesday. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $20.91.

Paycor HCM Stock Down 0.1 %

Shares of NASDAQ PYCR opened at $22.15 on Thursday. The firm’s fifty day moving average is $18.68 and its 200 day moving average is $15.28. Paycor HCM has a 52 week low of $10.92 and a 52 week high of $23.49. The company has a market cap of $3.98 billion, a price-to-earnings ratio of -85.19, a PEG ratio of 4.79 and a beta of 0.50.

Insider Transactions at Paycor HCM

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

Institutional Trading of Paycor HCM

Institutional investors have recently added to or reduced their stakes in the business. Diversified Trust Co bought a new position in shares of Paycor HCM during the fourth quarter valued at $273,000. Principal Financial Group Inc. purchased a new position in Paycor HCM in the 3rd quarter worth about $962,000. Franklin Resources Inc. raised its position in Paycor HCM by 2.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company’s stock worth $23,220,000 after buying an additional 46,127 shares during the last quarter. Barclays PLC lifted its stake in Paycor HCM by 50.8% during the 3rd quarter. Barclays PLC now owns 23,991 shares of the company’s stock valued at $340,000 after acquiring an additional 8,079 shares during the period. Finally, Neo Ivy Capital Management purchased a new stake in shares of Paycor HCM during the 3rd quarter valued at about $912,000. 36.76% of the stock is currently 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.