Paycor HCM (NASDAQ:PYCR) Given Market Outperform Rating at JMP Securities

JMP Securities reissued their market outperform rating on shares of Paycor HCM (NASDAQ:PYCR) in a research note issued to investors on Monday,Benzinga reports. The firm currently has a $30.00 target price on the stock.

A number of other research analysts also recently issued reports on PYCR. Needham & Company LLC restated a “buy” rating and set a $20.00 target price on shares of Paycor HCM in a research report on Monday. Mizuho boosted their price objective on Paycor HCM from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Jefferies Financial Group raised their target price on Paycor HCM from $13.00 to $15.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. BMO Capital Markets raised Paycor HCM from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $19.00 to $24.00 in a report on Thursday, December 12th. Finally, Stephens assumed coverage on Paycor HCM in a research report on Wednesday, October 16th. They issued an “overweight” rating and a $18.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Paycor HCM presently has a consensus rating of “Moderate Buy” and an average target price of $20.56.

Paycor HCM Trading Up 23.3 %

Shares of NASDAQ PYCR opened at $22.86 on Monday. The company has a 50 day simple moving average of $18.12 and a two-hundred day simple moving average of $15.04. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of -87.92, a PEG 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.

Insider Buying and Selling at Paycor HCM

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 21,218 shares of the company’s stock, valued at $297,476.36. This represents a 14.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.39% of the company’s stock.

Institutional Trading of Paycor HCM

A number of institutional investors have recently made changes to their positions in PYCR. Principal Financial Group Inc. purchased a new position in Paycor HCM in the 3rd quarter valued at $962,000. Franklin Resources Inc. raised its position in shares of Paycor HCM by 2.7% in the third quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company’s stock valued at $23,220,000 after buying an additional 46,127 shares during the last quarter. Barclays PLC lifted its stake in shares of Paycor HCM by 50.8% in the third quarter. Barclays PLC now owns 23,991 shares of the company’s stock worth $340,000 after buying an additional 8,079 shares in the last quarter. Neo Ivy Capital Management acquired a new position in Paycor HCM during the third quarter worth about $912,000. Finally, Geode Capital Management LLC grew its stake in Paycor HCM by 10.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,354,846 shares of the company’s stock valued at $19,231,000 after acquiring an additional 132,662 shares in the last quarter. 36.76% of the stock is owned by institutional investors and hedge funds.

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.