Paycor HCM (NASDAQ:PYCR) Downgraded to Hold Rating by Citizens Jmp

Citizens Jmp lowered shares of Paycor HCM (NASDAQ:PYCR) from a strong-buy rating to a hold rating in a research note released on Thursday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. Jefferies Financial Group upped their target price on Paycor HCM from $13.00 to $15.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus lifted their target price on Paycor HCM from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Needham & Company LLC restated a “buy” rating and issued a $20.00 price target on shares of Paycor HCM in a research note on Monday, January 6th. JMP Securities reissued a “market outperform” rating and issued a $30.00 price objective on shares of Paycor HCM in a report on Monday, January 6th. Finally, Stephens reaffirmed an “equal weight” rating and set a $22.50 target price (up from $20.00) on shares of Paycor HCM in a report on Friday. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $20.91.

Paycor HCM Price Performance

Shares of PYCR opened at $22.15 on Thursday. The firm has a market capitalization of $3.98 billion, a PE ratio of -85.19, a PEG ratio of 4.79 and a beta of 0.50. The company’s 50-day moving average is $18.68 and its 200-day moving average is $15.28. Paycor HCM has a fifty-two week low of $10.92 and a fifty-two week high of $23.49.

Insider Buying and Selling

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total value of $52,196.46. Following the completion of the sale, the director now owns 21,218 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through this hyperlink. 1.39% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PYCR. International Assets Investment Management LLC lifted its position in Paycor HCM by 1,923.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock valued at $42,000 after acquiring an additional 2,846 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Paycor HCM by 29.4% in the third quarter. Covestor Ltd now owns 5,322 shares of the company’s stock valued at $76,000 after purchasing an additional 1,210 shares in the last quarter. Quarry LP purchased a new position in shares of Paycor HCM during the second quarter valued at approximately $69,000. FMR LLC grew its holdings in Paycor HCM by 93.9% during the third quarter. FMR LLC now owns 9,918 shares of the company’s stock worth $141,000 after buying an additional 4,804 shares in the last quarter. Finally, Octavia Wealth Advisors LLC purchased a new stake in Paycor HCM in the 3rd quarter valued at $143,000. 36.76% of the stock is owned by institutional investors.

About Paycor HCM

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.