Analysts Set Paycor HCM, Inc. (NASDAQ:PYCR) Target Price at $19.31

Shares of Paycor HCM, Inc. (NASDAQ:PYCR) have been assigned an average recommendation of “Hold” from the sixteen research firms that are covering the stock, Marketbeat reports. Nine analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $19.31.

Several equities research analysts have issued reports on PYCR shares. Stephens initiated coverage on shares of Paycor HCM in a research note on Wednesday, October 16th. They set an “overweight” rating and a $18.00 price target on the stock. Stifel Nicolaus decreased their target price on shares of Paycor HCM from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. The Goldman Sachs Group boosted their price target on Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. TD Cowen raised their price objective on Paycor HCM from $15.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. dropped their target price on Paycor HCM from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th.

Insider Activity

In related news, Director Jeremy Rishel sold 3,723 shares of the 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 approximately $297,476.36. This represents a 14.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PYCR. Franklin Resources Inc. raised its stake in shares of Paycor HCM by 2.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company’s stock valued at $23,220,000 after acquiring an additional 46,127 shares during the period. Barclays PLC increased its holdings in Paycor HCM by 50.8% in the 3rd quarter. Barclays PLC now owns 23,991 shares of the company’s stock valued at $340,000 after purchasing an additional 8,079 shares in the last quarter. Neo Ivy Capital Management purchased a new position in Paycor HCM in the third quarter valued at about $912,000. Geode Capital Management LLC lifted its stake in shares of Paycor HCM by 10.9% during the third quarter. Geode Capital Management LLC now owns 1,354,846 shares of the company’s stock worth $19,231,000 after purchasing an additional 132,662 shares in the last quarter. Finally, XTX Topco Ltd lifted its stake in shares of Paycor HCM by 27.7% during the third quarter. XTX Topco Ltd now owns 22,325 shares of the company’s stock worth $317,000 after purchasing an additional 4,845 shares in the last quarter. 36.76% of the stock is owned by institutional investors and hedge funds.

Paycor HCM Stock Down 0.4 %

PYCR opened at $18.06 on Thursday. The firm has a market cap of $3.24 billion, a P/E ratio of -69.46, a PEG ratio of 4.44 and a beta of 0.42. The business’s fifty day simple moving average is $15.30 and its 200 day simple moving average is $13.80. Paycor HCM has a 52 week low of $10.92 and a 52 week high of $22.65.

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.