Paycor HCM, Inc. (NASDAQ:PYCR) Short Interest Update

Paycor HCM, Inc. (NASDAQ:PYCR) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 5,140,000 shares, a growth of 63.7% from the February 28th total of 3,140,000 shares. Based on an average daily volume of 2,830,000 shares, the short-interest ratio is presently 1.8 days. Currently, 6.1% of the company’s stock are sold short.

Paycor HCM Stock Down 0.1 %

Shares of NASDAQ PYCR traded down $0.02 during midday trading on Friday, reaching $22.43. 401,527 shares of the company were exchanged, compared to its average volume of 1,485,812. Paycor HCM has a one year low of $10.92 and a one year high of $23.49. The stock has a market cap of $4.08 billion, a P/E ratio of -186.90, a PEG ratio of 3.84 and a beta of 0.53. The stock’s 50-day moving average price is $22.26 and its 200-day moving average price is $18.82.

Paycor HCM (NASDAQ:PYCR) last posted its 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, equities research analysts anticipate that Paycor HCM will post 0.3 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions 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 acquired a new stake in shares of Paycor HCM during the 4th quarter worth approximately $27,000. Tower Research Capital LLC TRC increased its stake in shares of Paycor HCM by 273.6% in 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 in the last quarter. Blue Trust Inc. lifted its position in shares of Paycor HCM by 869.3% during the 4th quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock valued at $64,000 after acquiring an additional 3,086 shares during the period. Finally, Sterling Capital Management LLC boosted its stake in Paycor HCM by 71.4% during the fourth quarter. Sterling Capital Management LLC now owns 4,502 shares of the company’s stock worth $84,000 after acquiring an additional 1,875 shares in the last quarter. 36.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Citizens Jmp cut Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 9th. Stifel Nicolaus boosted their target price on shares of Paycor HCM from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Stephens reiterated an “equal weight” rating and issued a $22.50 price target (up previously from $20.00) on shares of Paycor HCM in a research note on Friday, January 10th. TD Cowen downgraded shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 20th. Finally, Mizuho upped their target price on shares of Paycor HCM from $20.00 to $22.50 and gave the company a “neutral” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Paycor HCM presently has a consensus rating of “Hold” and a consensus price target of $21.53.

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.