Paycor HCM, Inc. (NASDAQ:PYCR) Receives Average Rating of “Moderate Buy” from Brokerages

Paycor HCM, Inc. (NASDAQ:PYCR) has received an average recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $19.56.

A number of brokerages have issued reports on PYCR. JPMorgan Chase & Co. cut their price target on shares of Paycor HCM from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Citigroup lifted their price objective on Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. BTIG Research decreased their target price on Paycor HCM from $26.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Truist Financial cut their price target on shares of Paycor HCM from $33.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Finally, UBS Group decreased their price objective on shares of Paycor HCM from $18.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, August 16th.

Paycor HCM Stock Performance

NASDAQ:PYCR opened at $18.45 on Thursday. Paycor HCM has a fifty-two week low of $10.92 and a fifty-two week high of $22.65. The business has a 50 day moving average price of $15.30 and a 200-day moving average price of $13.80. The firm has a market cap of $3.31 billion, a PE ratio of -70.96, a price-to-earnings-growth ratio of 4.42 and a beta of 0.42.

Insider Activity

In other news, Director Jeremy Rishel sold 3,723 shares of Paycor HCM stock in a transaction dated 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 transaction, the director now owns 21,218 shares of the company’s stock, valued at $297,476.36. The trade was a 14.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.39% of the company’s stock.

Institutional Trading of Paycor HCM

Institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC grew its holdings in shares of Paycor HCM by 950.7% during the second quarter. CWM LLC now owns 2,385 shares of the company’s stock valued at $30,000 after buying an additional 2,158 shares during the last quarter. 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. Advisors Asset Management Inc. boosted its stake in Paycor HCM by 52.4% during the 1st quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company’s stock valued at $67,000 after purchasing an additional 1,178 shares during the last quarter. Quarry LP bought a new stake in shares of Paycor HCM in the 2nd quarter worth $69,000. Finally, Covestor Ltd raised its stake in shares of Paycor HCM by 29.4% in the third quarter. Covestor Ltd now owns 5,322 shares of the company’s stock worth $76,000 after purchasing an additional 1,210 shares during the last quarter. 36.76% of the stock is currently owned by 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.