Paycor HCM (NASDAQ:PYCR) Sees Large Volume Increase – What’s Next?

Paycor HCM, Inc. (NASDAQ:PYCR) shares saw unusually-strong trading volume on Tuesday . Approximately 1,160,810 shares traded hands during trading, a decline of 17% from the previous session’s volume of 1,406,778 shares.The stock last traded at $22.35 and had previously closed at $22.34.

Analyst Upgrades and Downgrades

PYCR has been the subject of a number of research reports. TD Cowen cut shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a report on Monday, January 20th. The Goldman Sachs Group upped their price objective on shares of Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Needham & Company LLC lowered Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Mizuho lifted their target price on shares of Paycor HCM from $20.00 to $22.50 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Finally, Raymond James lowered shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $21.53.

Paycor HCM Stock Performance

The company has a fifty day moving average of $22.06 and a two-hundred day moving average of $18.12. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of -186.19, a PEG ratio of 3.84 and a beta of 0.53.

Paycor HCM (NASDAQ:PYCR) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.07 earnings per share 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%. Equities analysts forecast that Paycor HCM, Inc. will post 0.3 EPS for the current year.

Institutional Investors Weigh In On Paycor HCM

Several hedge funds have recently added to or reduced their stakes in the business. True Wealth Design LLC grew its stake in Paycor HCM by 105.3% during the fourth quarter. True Wealth Design LLC now owns 1,357 shares of the company’s stock worth $25,000 after purchasing an additional 696 shares during the period. MCF Advisors LLC bought a new stake in shares of Paycor HCM in the 4th quarter valued at $27,000. Tower Research Capital LLC TRC lifted its position in shares of Paycor HCM by 273.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,164 shares of the company’s stock valued at $59,000 after acquiring an additional 2,317 shares during the period. Blue Trust Inc. grew its holdings in Paycor HCM by 869.3% in the fourth quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock worth $64,000 after purchasing an additional 3,086 shares during the period. Finally, Covestor Ltd raised its holdings in shares of 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 purchasing an additional 1,210 shares during the period. 36.76% of the stock is currently owned by institutional investors and hedge funds.

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.