Paycor HCM (NASDAQ:PYCR) Given New $21.00 Price Target at The Goldman Sachs Group

Paycor HCM (NASDAQ:PYCR) had its price objective increased by The Goldman Sachs Group from $19.00 to $21.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other equities analysts have also recently weighed in on the stock. BMO Capital Markets upped their price target on shares of Paycor HCM from $15.00 to $19.00 and gave the stock a “market perform” rating in a research note on Thursday, November 7th. UBS Group lowered their target price on shares of Paycor HCM from $18.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, August 16th. Stifel Nicolaus reduced their price target on shares of Paycor HCM from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Truist Financial lowered their price target on Paycor HCM from $33.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Finally, 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 report on Thursday, August 15th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $19.31.

Paycor HCM Price Performance

Paycor HCM stock opened at $18.01 on Tuesday. The stock’s 50 day moving average price is $14.97 and its 200 day moving average price is $13.69. Paycor HCM has a 1-year low of $10.92 and a 1-year high of $22.65. The company has a market cap of $3.24 billion, a PE ratio of -69.27, a price-to-earnings-growth ratio of 4.28 and a beta of 0.42.

Insider Activity

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of Paycor HCM stock in a transaction that occurred 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 sale, the director now directly 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 this hyperlink. Company insiders own 1.39% of the company’s stock.

Institutional Investors Weigh In On Paycor HCM

Several hedge funds have recently made changes to their positions in PYCR. Vanguard Group Inc. lifted its position in Paycor HCM by 11.5% during the first quarter. Vanguard Group Inc. now owns 6,884,980 shares of the company’s stock worth $133,844,000 after buying an additional 710,370 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Paycor HCM by 149.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 607,996 shares of the company’s stock valued at $7,722,000 after acquiring an additional 364,025 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Paycor HCM by 1,234.9% during the 2nd quarter. Marshall Wace LLP now owns 370,985 shares of the company’s stock valued at $4,712,000 after acquiring an additional 343,194 shares during the last quarter. ING Groep NV purchased a new position in shares of Paycor HCM during the 3rd quarter worth about $4,615,000. Finally, Cubist Systematic Strategies LLC boosted its position in shares of Paycor HCM by 207.5% in the second quarter. Cubist Systematic Strategies LLC now owns 465,097 shares of the company’s stock worth $5,907,000 after acquiring an additional 313,851 shares during the last quarter. Institutional investors and hedge funds own 36.76% of the company’s stock.

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.