Paycor HCM (NASDAQ:PYCR) Cut to “Hold” at Citizens Jmp

Citizens Jmp lowered shares of Paycor HCM (NASDAQ:PYCR) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Other equities analysts have also issued reports about the company. TD Cowen raised Paycor HCM from a “hold” rating to a “buy” rating and upped their target price for the company from $18.00 to $22.00 in a report on Monday, December 2nd. The Goldman Sachs Group raised their price objective on shares of Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Citigroup raised their price target on shares of Paycor HCM from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. JMP Securities reiterated a “market outperform” rating and set a $30.00 price target on shares of Paycor HCM in a research report on Monday, January 6th. Finally, Stephens restated an “equal weight” rating and issued a $22.50 price objective (up from $20.00) on shares of Paycor HCM in a research report on Friday. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Paycor HCM currently has an average rating of “Hold” and a consensus target price of $20.91.

Paycor HCM Stock Down 0.1 %

Paycor HCM stock opened at $22.15 on Thursday. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of -85.19, a P/E/G ratio of 4.79 and a beta of 0.50. Paycor HCM has a 12-month low of $10.92 and a 12-month high of $23.49. The business’s 50-day simple moving average is $18.68 and its 200 day simple moving average is $15.30.

Insider Activity at Paycor HCM

In related news, Director Jeremy Rishel sold 3,723 shares of the 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 sale, the director now directly 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 document filed with the SEC, which can be accessed through this hyperlink. 1.39% of the stock is owned by corporate insiders.

Institutional Trading of Paycor HCM

Several institutional investors have recently added to or reduced their stakes in PYCR. International Assets Investment Management LLC lifted its position in Paycor HCM by 1,923.0% during the third 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. Covestor Ltd raised its position in 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 acquiring an additional 1,210 shares during the period. Quarry LP purchased a new position in shares of Paycor HCM during the 2nd quarter worth $69,000. FMR LLC grew its position in shares of Paycor HCM by 93.9% during the 3rd quarter. FMR LLC now owns 9,918 shares of the company’s stock valued at $141,000 after acquiring an additional 4,804 shares during the period. Finally, Octavia Wealth Advisors LLC bought a new stake in Paycor HCM during the third quarter valued at about $143,000. 36.76% of the stock is currently owned by hedge funds and other 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.