Paycor HCM’s (PYCR) Equal Weight Rating Reiterated at Stephens

Stephens reaffirmed their equal weight rating on shares of Paycor HCM (NASDAQ:PYCR) in a research report released on Friday morning,Benzinga reports. They currently have a $22.50 price target on the stock, up from their previous price target of $20.00.

A number of other research firms also recently weighed in on PYCR. Mizuho lifted their target price on Paycor HCM from $20.00 to $22.50 and gave the stock a “neutral” rating in a report on Wednesday. BMO Capital Markets reiterated a “market perform” rating and issued a $22.50 price objective (down previously from $24.00) on shares of Paycor HCM in a research note on Wednesday. TD Cowen upgraded shares of Paycor HCM from a “hold” rating to a “buy” rating and increased their target price for the stock from $18.00 to $22.00 in a research report on Monday, December 2nd. The Goldman Sachs Group raised their target price on shares of Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price target on shares of Paycor HCM in a research note on Monday, January 6th. Nine 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, the company presently has a consensus rating of “Hold” and an average price target of $20.91.

Paycor HCM Trading Down 0.1 %

Shares of NASDAQ PYCR opened at $22.15 on Friday. The firm has a market cap of $3.98 billion, a P/E ratio of -85.19, a price-to-earnings-growth ratio of 4.79 and a beta of 0.50. The business’s 50 day moving average is $18.68 and its 200-day moving average is $15.28. Paycor HCM has a 1-year low of $10.92 and a 1-year high of $23.49.

Insider Transactions at Paycor HCM

In other news, Director Jeremy Rishel sold 3,723 shares of the stock in a transaction on Wednesday, October 16th. The stock was 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. This represents a 14.93 % decrease in their position. The sale 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.

Hedge Funds Weigh In On Paycor HCM

Institutional investors and hedge funds have recently bought and sold shares of the company. Prevail Innovative Wealth Advisors LLC grew its holdings in shares of Paycor HCM by 434.5% during the second quarter. Prevail Innovative Wealth Advisors LLC now owns 118,998 shares of the company’s stock worth $1,511,000 after purchasing an additional 96,736 shares during the last quarter. Principal Financial Group Inc. bought a new stake in Paycor HCM during the 3rd quarter worth approximately $962,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Paycor HCM by 16.4% in the 3rd 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 acquiring an additional 34,336 shares during the period. ING Groep NV bought a new position in shares of Paycor HCM during the third quarter valued at $4,615,000. Finally, GSA Capital Partners LLP lifted its holdings in shares of Paycor HCM by 75.6% during the third quarter. GSA Capital Partners LLP now owns 87,529 shares of the company’s stock worth $1,242,000 after purchasing an additional 37,691 shares during the period. 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.