Paycor HCM, Inc. (NASDAQ:PYCR) Given Consensus Recommendation of “Hold” by Analysts

Shares of Paycor HCM, Inc. (NASDAQ:PYCR) have been given an average recommendation of “Hold” by the sixteen research firms that are presently covering the firm, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $19.31.

A number of brokerages recently commented on PYCR. UBS Group dropped their price target on Paycor HCM from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, August 16th. Needham & Company LLC reiterated a “buy” rating and set a $20.00 target price on shares of Paycor HCM in a research note on Friday, November 22nd. BMO Capital Markets increased their price target on shares of Paycor HCM from $15.00 to $19.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. Jefferies Financial Group lifted their price objective on shares of Paycor HCM from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Paycor HCM from $19.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th.

Insiders Place Their Bets

In related news, Director Jeremy Rishel sold 3,723 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total value of $52,196.46. Following the completion of the transaction, the director now directly owns 21,218 shares in the company, valued at approximately $297,476.36. The trade was 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 accessible through the SEC website. Corporate insiders own 1.39% of the company’s stock.

Institutional Investors Weigh In On Paycor HCM

A number of large investors have recently added to or reduced their stakes in PYCR. Stifel Financial Corp increased its position in shares of Paycor HCM by 7.8% during the 3rd quarter. Stifel Financial Corp now owns 13,498 shares of the company’s stock valued at $192,000 after purchasing an additional 981 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Paycor HCM by 52.4% in the first quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company’s stock worth $67,000 after buying an additional 1,178 shares in the last quarter. Covestor Ltd grew its position in Paycor HCM by 29.4% during the third quarter. Covestor Ltd now owns 5,322 shares of the company’s stock valued at $76,000 after acquiring an additional 1,210 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Paycor HCM by 2.3% during the second quarter. Rhumbline Advisers now owns 67,959 shares of the company’s stock worth $863,000 after acquiring an additional 1,560 shares in the last quarter. Finally, Fiera Capital Corp lifted its holdings in shares of Paycor HCM by 0.9% in the 2nd quarter. Fiera Capital Corp now owns 190,677 shares of the company’s stock worth $2,422,000 after acquiring an additional 1,629 shares during the last quarter. Hedge funds and other institutional investors own 36.76% of the company’s stock.

Paycor HCM Stock Up 0.7 %

Paycor HCM stock opened at $18.13 on Thursday. Paycor HCM has a 52 week low of $10.92 and a 52 week high of $22.65. The company’s 50 day moving average price is $15.06 and its two-hundred day moving average price is $13.72. The stock has a market cap of $3.26 billion, a P/E ratio of -69.73, a P/E/G ratio of 4.45 and a beta of 0.42.

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.