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

Shares of Paycor HCM, Inc. (NASDAQ:PYCR) have been assigned an average recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $20.56.

A number of brokerages recently issued reports on PYCR. TD Cowen upgraded shares of Paycor HCM from a “hold” rating to a “buy” rating and increased their target price for the stock from $18.00 to $22.00 in a research report on Monday, December 2nd. Jefferies Financial Group lifted their target price on shares of Paycor HCM from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group boosted their target price on Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of Paycor HCM in a report on Friday, November 22nd. Finally, Citigroup boosted their price objective on Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th.

Insider Buying and Selling at Paycor HCM

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of Paycor HCM stock in a transaction 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. The trade was a 14.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Prevail Innovative Wealth Advisors LLC boosted its stake in Paycor HCM by 434.5% during the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 118,998 shares of the company’s stock worth $1,511,000 after acquiring an additional 96,736 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Paycor HCM by 16.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 243,115 shares of the company’s stock worth $3,450,000 after purchasing an additional 34,336 shares during the period. ING Groep NV bought a new position in shares of Paycor HCM during the third quarter worth $4,615,000. Principal Financial Group Inc. acquired a new position in shares of Paycor HCM in the 3rd quarter valued at $962,000. Finally, GSA Capital Partners LLP grew its holdings in shares of Paycor HCM by 75.6% in the 3rd quarter. GSA Capital Partners LLP now owns 87,529 shares of the company’s stock valued at $1,242,000 after buying an additional 37,691 shares during the period. 36.76% of the stock is currently owned by institutional investors.

Paycor HCM Price Performance

Paycor HCM stock opened at $19.06 on Monday. The firm has a market capitalization of $3.42 billion, a P/E ratio of -73.31, a P/E/G ratio of 4.79 and a beta of 0.51. The stock has a fifty day moving average price of $17.00 and a two-hundred day moving average price of $14.45. Paycor HCM has a 52-week low of $10.92 and a 52-week high of $22.14.

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.