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

Paycor HCM, Inc. (NASDAQ:PYCR) has earned an average recommendation of “Hold” from the sixteen research firms that are covering the firm, Marketbeat.com reports. Nine analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $19.31.

PYCR has been the subject of a number of research reports. Jefferies Financial Group lifted their price target on Paycor HCM from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus cut their price target on shares of Paycor HCM from $22.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Citigroup lifted their price objective on shares of Paycor HCM from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Truist Financial dropped their price objective 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, Needham & Company LLC reissued a “buy” rating and set a $20.00 target price on shares of Paycor HCM in a report on Friday, November 22nd.

Insider Buying and Selling

In related news, Director Jeremy Rishel sold 3,723 shares of the company’s stock in a transaction dated 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.39% of the company’s stock.

Institutional Investors Weigh In On Paycor HCM

A number of hedge funds have recently modified their holdings of the company. Stifel Financial Corp increased its stake in Paycor HCM by 7.8% during the third quarter. Stifel Financial Corp now owns 13,498 shares of the company’s stock worth $192,000 after acquiring an additional 981 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Paycor HCM by 52.4% during the first quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company’s stock worth $67,000 after purchasing an additional 1,178 shares in the last quarter. Covestor Ltd raised its holdings in shares of 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. Rhumbline Advisers grew its position in Paycor HCM by 2.3% in the 2nd quarter. Rhumbline Advisers now owns 67,959 shares of the company’s stock valued at $863,000 after acquiring an additional 1,560 shares in the last quarter. Finally, Fiera Capital Corp lifted its position in shares of Paycor HCM by 0.9% during the second quarter. Fiera Capital Corp now owns 190,677 shares of the company’s stock worth $2,422,000 after purchasing an additional 1,629 shares in the last quarter. Hedge funds and other institutional investors own 36.76% of the company’s stock.

Paycor HCM Trading Down 0.4 %

NASDAQ:PYCR opened at $18.06 on Thursday. The firm has a fifty day simple moving average of $15.30 and a 200-day simple moving average of $13.80. Paycor HCM has a 12 month low of $10.92 and a 12 month high of $22.65. The company has a market capitalization of $3.24 billion, a P/E ratio of -69.46, a PEG ratio of 4.44 and a beta of 0.42.

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.