Paycor HCM (NASDAQ:PYCR) Sees Strong Trading Volume – Should You Buy?

Shares of Paycor HCM, Inc. (NASDAQ:PYCR) saw an uptick in trading volume on Thursday . 3,427,417 shares were traded during trading, an increase of 154% from the previous session’s volume of 1,348,020 shares.The stock last traded at $22.14 and had previously closed at $22.15.

Analyst Ratings Changes

A number of analysts have issued reports on PYCR shares. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $22.50 target price (up from $21.00) on shares of Paycor HCM in a research report on Wednesday, January 22nd. Citigroup lifted their target price on shares of Paycor HCM from $21.00 to $22.50 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Truist Financial restated a “hold” rating and issued a $22.50 price target (up previously from $20.00) on shares of Paycor HCM in a research note on Thursday, January 16th. Stifel Nicolaus lifted their target price on shares of Paycor HCM from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, JMP Securities restated a “market perform” rating on shares of Paycor HCM in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $21.53.

Paycor HCM Trading Down 0.1 %

The firm has a market cap of $4.02 billion, a PE ratio of -184.32, a P/E/G ratio of 3.84 and a beta of 0.53. The company’s 50-day moving average is $21.40 and its 200 day moving average is $17.51.

Paycor HCM (NASDAQ:PYCR) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.04). Paycor HCM had a positive return on equity of 4.28% and a negative net margin of 3.06%. On average, research analysts predict that Paycor HCM, Inc. will post 0.3 EPS for the current fiscal year.

Institutional Trading of Paycor HCM

Several large investors have recently made changes to their positions in PYCR. Creative Planning grew its stake in shares of Paycor HCM by 115.9% during the third quarter. Creative Planning now owns 26,889 shares of the company’s stock worth $382,000 after purchasing an additional 14,437 shares during the period. Raymond James & Associates lifted its holdings in shares of Paycor HCM by 0.6% in the third quarter. Raymond James & Associates now owns 328,827 shares of the company’s stock valued at $4,666,000 after purchasing an additional 1,834 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Paycor HCM by 1,923.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock valued at $42,000 after acquiring an additional 2,846 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Paycor HCM during the 3rd quarter worth about $157,000. Finally, US Bancorp DE raised its holdings in Paycor HCM by 46.0% during the third quarter. US Bancorp DE now owns 16,558 shares of the company’s stock worth $235,000 after acquiring an additional 5,216 shares in the last quarter. Institutional investors own 36.76% of the company’s stock.

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.