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

Paycor HCM, Inc. (NASDAQ:PYCR) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 5,140,000 shares, a growth of 63.7% from the February 28th total of 3,140,000 shares. Based on an average daily volume of 2,830,000 shares, the short-interest ratio is presently 1.8 days. Currently, 6.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Paycor HCM

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its position in Paycor HCM by 193.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 32,468 shares of the company’s stock worth $603,000 after buying an additional 21,403 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Paycor HCM during the fourth quarter worth $286,000. Mackenzie Financial Corp acquired a new position in Paycor HCM during the fourth quarter valued at $614,000. Public Employees Retirement System of Ohio boosted its holdings in Paycor HCM by 6.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 28,098 shares of the company’s stock valued at $522,000 after purchasing an additional 1,740 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Paycor HCM by 6.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 259,042 shares of the company’s stock worth $4,810,000 after purchasing an additional 15,927 shares during the period. Hedge funds and other institutional investors own 36.76% of the company’s stock.

Paycor HCM Price Performance

NASDAQ PYCR traded down $0.02 during trading on Friday, hitting $22.43. The company’s stock had a trading volume of 401,527 shares, compared to its average volume of 1,485,812. Paycor HCM has a fifty-two week low of $10.92 and a fifty-two week high of $23.49. The company has a market cap of $4.08 billion, a PE ratio of -186.90, a P/E/G ratio of 3.84 and a beta of 0.53. The business’s 50 day simple moving average is $22.26 and its 200-day simple moving average is $18.78.

Paycor HCM (NASDAQ:PYCR) last released its earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.04). Paycor HCM had a positive return on equity of 4.28% and a negative net margin of 3.06%. Analysts expect that Paycor HCM will post 0.3 EPS for the current fiscal year.

Analyst Ratings Changes

PYCR has been the topic of several recent research reports. Stifel Nicolaus raised their price objective on Paycor HCM from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. restated an “underweight” rating and set a $22.50 target price (up previously from $21.00) on shares of Paycor HCM in a research note on Wednesday, January 22nd. Mizuho upped their price target on shares of Paycor HCM from $20.00 to $22.50 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Baird R W downgraded shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $22.50 price target (down previously from $28.00) on shares of Paycor HCM in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $21.53.

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.