Paycor HCM (NASDAQ:PYCR) Rating Increased to Buy at TD Cowen

TD Cowen upgraded shares of Paycor HCM (NASDAQ:PYCR) from a hold rating to a buy rating in a report published on Monday morning, Marketbeat reports. The brokerage currently has $22.00 price objective on the stock, up from their prior price objective of $18.00.

A number of other research firms have also recently commented on PYCR. BMO Capital Markets lifted their price objective on Paycor HCM from $15.00 to $19.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. Truist Financial reduced their target price 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. BTIG Research reduced their price target on Paycor HCM from $26.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. JPMorgan Chase & Co. decreased their price objective on shares of Paycor HCM from $19.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. Finally, Citigroup raised their price target on shares of Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Paycor HCM currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.56.

Paycor HCM Stock Up 2.2 %

Paycor HCM stock opened at $18.45 on Monday. The firm’s 50-day simple moving average is $15.30 and its 200 day simple moving average is $13.80. The firm has a market capitalization of $3.31 billion, a PE ratio of -72.27, a P/E/G ratio of 4.42 and a beta of 0.42. Paycor HCM has a 52 week low of $10.92 and a 52 week high of $22.65.

Insider Buying and Selling at Paycor HCM

In other news, Director Jeremy Rishel sold 3,723 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total transaction of $52,196.46. Following the transaction, the director now directly owns 21,218 shares of the company’s stock, valued at approximately $297,476.36. This trade represents a 14.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.39% of the stock is currently owned by company insiders.

Institutional Trading of Paycor HCM

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC increased its stake 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 acquiring an additional 2,158 shares during the period. International Assets Investment Management LLC increased its position in shares of Paycor HCM by 1,923.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock valued at $42,000 after purchasing an additional 2,846 shares during the period. Quarry LP bought a new stake in shares of Paycor HCM in the 2nd quarter worth $69,000. Covestor Ltd lifted its holdings in shares of Paycor HCM by 29.4% in the third 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. Finally, HighMark Wealth Management LLC boosted its stake in Paycor HCM by 100.0% during the second quarter. HighMark Wealth Management LLC now owns 7,730 shares of the company’s stock valued at $98,000 after buying an additional 3,865 shares in the last quarter. 36.76% of the stock is currently owned by institutional investors.

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.