Stephens Reaffirms “Equal Weight” Rating for Paycor HCM (NASDAQ:PYCR)

Paycor HCM (NASDAQ:PYCR)‘s stock had its “equal weight” rating reiterated by Stephens in a note issued to investors on Friday,Benzinga reports. They presently have a $22.50 price target on the stock, up from their prior price target of $20.00. Stephens’ price objective would suggest a potential upside of 1.58% from the stock’s previous close.

A number of other brokerages also recently commented on PYCR. Stifel Nicolaus increased their price objective on Paycor HCM from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price objective on shares of Paycor HCM in a research report on Monday, January 6th. Jefferies Financial Group increased their price objective on Paycor HCM from $13.00 to $15.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Mizuho increased their price objective on Paycor HCM from $20.00 to $22.50 and gave the company a “neutral” rating in a research report on Wednesday. Finally, BMO Capital Markets restated a “market perform” rating and issued a $22.50 target price (down previously from $24.00) on shares of Paycor HCM in a report on Wednesday. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Paycor HCM currently has an average rating of “Hold” and an average target price of $20.91.

Paycor HCM Stock Performance

Shares of NASDAQ:PYCR opened at $22.15 on Friday. Paycor HCM has a one year low of $10.92 and a one year high of $23.49. The stock has a fifty day moving average of $18.68 and a 200-day moving average of $15.30. The company has a market capitalization of $3.98 billion, a PE ratio of -85.19, a price-to-earnings-growth ratio of 4.79 and a beta of 0.50.

Insider Transactions at Paycor HCM

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of the 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 transaction, the director now directly 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.39% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Paycor HCM

Several hedge funds have recently bought and sold shares of the business. Prevail Innovative Wealth Advisors LLC grew its position in shares of Paycor HCM by 434.5% in the second quarter. Prevail Innovative Wealth Advisors LLC now owns 118,998 shares of the company’s stock valued at $1,511,000 after purchasing an additional 96,736 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Paycor HCM in the third quarter valued at about $962,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of 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 valued at $3,450,000 after purchasing an additional 34,336 shares during the last quarter. ING Groep NV acquired a new stake in shares of Paycor HCM in the third quarter valued at about $4,615,000. Finally, GSA Capital Partners LLP lifted its stake in shares of Paycor HCM by 75.6% in the third 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 owned by institutional investors and hedge funds.

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.