Paycor HCM, Inc. (NASDAQ:PYCR) Short Interest Update

Paycor HCM, Inc. (NASDAQ:PYCR) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 2,880,000 shares, a decrease of 35.3% from the January 15th total of 4,450,000 shares. Based on an average daily volume of 2,250,000 shares, the days-to-cover ratio is currently 1.3 days. Approximately 3.5% of the shares of the stock are sold short.

Paycor HCM Stock Performance

Shares of PYCR stock remained flat at $22.19 during trading hours on Friday. The stock had a trading volume of 1,367,397 shares, compared to its average volume of 2,803,932. The business’s fifty day moving average price is $21.02 and its 200 day moving average price is $16.94. Paycor HCM has a 1-year low of $10.92 and a 1-year high of $23.49.

Paycor HCM (NASDAQ:PYCR) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.04). Paycor HCM had a negative net margin of 3.06% and a positive return on equity of 4.29%. On average, equities analysts forecast that Paycor HCM will post 0.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Truist Financial reaffirmed a “hold” rating and set a $22.50 price target (up previously from $20.00) on shares of Paycor HCM in a research note on Thursday, January 16th. Baird R W downgraded shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $22.50 target price (up previously from $21.00) on shares of Paycor HCM in a research note on Wednesday, January 22nd. Raymond James downgraded shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, TD Cowen downgraded shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 20th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $21.53.

Institutional Trading of Paycor HCM

Hedge funds have recently bought and sold shares of the business. MCF Advisors LLC acquired a new stake in shares of Paycor HCM during the 4th quarter worth approximately $27,000. International Assets Investment Management LLC boosted 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 buying an additional 2,846 shares during the period. Tower Research Capital LLC TRC boosted its position in Paycor HCM by 273.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,164 shares of the company’s stock valued at $59,000 after buying an additional 2,317 shares during the period. Blue Trust Inc. boosted its position in Paycor HCM by 869.3% in the 4th quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock valued at $64,000 after buying an additional 3,086 shares during the period. Finally, Covestor Ltd boosted its position in Paycor HCM by 29.4% in the 3rd quarter. Covestor Ltd now owns 5,322 shares of the company’s stock valued at $76,000 after buying an additional 1,210 shares during the period. Institutional investors and hedge funds own 36.76% of the company’s stock.

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.