Paycor HCM’s (PYCR) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Paycor HCM (NASDAQ:PYCR) in a research note published on Friday morning,Benzinga reports. They currently have a $20.00 price objective on the stock.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. reduced their price objective on Paycor HCM from $19.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. Stephens began coverage on Paycor HCM in a research report on Wednesday, October 16th. They set an “overweight” rating and a $18.00 price objective for the company. Jefferies Financial Group boosted their price target on Paycor HCM from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group reduced their price target on Paycor HCM from $19.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, August 16th. Finally, Truist Financial reduced their price target on Paycor HCM from $33.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $19.06.

Paycor HCM Price Performance

NASDAQ:PYCR opened at $17.48 on Friday. Paycor HCM has a 12-month low of $10.92 and a 12-month high of $22.65. The firm has a market capitalization of $3.14 billion, a P/E ratio of -67.23, a P/E/G ratio of 4.20 and a beta of 0.42. The business has a 50 day simple moving average of $14.88 and a 200 day simple moving average of $13.67.

Insider Transactions at Paycor HCM

In other news, Director Jeremy Rishel sold 3,723 shares of the business’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 sale, the director now directly owns 21,218 shares of the company’s stock, valued at $297,476.36. The trade was 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 available at this link. Company insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PYCR. Vanguard Group Inc. grew its stake in Paycor HCM by 11.5% in the first quarter. Vanguard Group Inc. now owns 6,884,980 shares of the company’s stock valued at $133,844,000 after purchasing an additional 710,370 shares in the last quarter. Conestoga Capital Advisors LLC grew its stake in Paycor HCM by 2.8% in the second quarter. Conestoga Capital Advisors LLC now owns 6,841,396 shares of the company’s stock valued at $86,886,000 after purchasing an additional 184,255 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Paycor HCM by 13.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company’s stock worth $21,140,000 after acquiring an additional 192,633 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Paycor HCM by 10.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,354,846 shares of the company’s stock worth $19,231,000 after acquiring an additional 132,662 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of Paycor HCM by 8.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,161,032 shares of the company’s stock worth $16,478,000 after acquiring an additional 86,745 shares in the last quarter. 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.