The Goldman Sachs Group Issues Positive Forecast for Paycor HCM (NASDAQ:PYCR) Stock Price

Paycor HCM (NASDAQ:PYCR) had its price objective lifted by research analysts at The Goldman Sachs Group from $19.00 to $21.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target suggests a potential upside of 15.83% from the stock’s previous close.

PYCR has been the topic of a number of other research reports. Truist Financial dropped their price target on Paycor HCM from $33.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. 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. BMO Capital Markets upped their price target on shares of Paycor HCM from $15.00 to $19.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. TD Cowen increased their price target on shares of Paycor HCM from $15.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Finally, Citigroup lifted their price objective on shares of Paycor HCM from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.31.

Paycor HCM Price Performance

Shares of NASDAQ:PYCR opened at $18.13 on Tuesday. Paycor HCM has a 12 month low of $10.92 and a 12 month high of $22.65. The firm has a market capitalization of $3.26 billion, a P/E ratio of -69.69, a P/E/G ratio of 4.45 and a beta of 0.42. The company’s fifty day moving average price is $15.06 and its 200 day moving average price is $13.72.

Insider Buying and Selling at Paycor HCM

In related news, Director Jeremy Rishel sold 3,723 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 21,218 shares in the company, valued at $297,476.36. This represents a 14.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.39% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Stifel Financial Corp raised its position in Paycor HCM by 7.8% during the third quarter. Stifel Financial Corp now owns 13,498 shares of the company’s stock worth $192,000 after acquiring an additional 981 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Paycor HCM by 52.4% in the first quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company’s stock worth $67,000 after acquiring an additional 1,178 shares during the last quarter. Covestor Ltd raised its holdings in shares of Paycor HCM by 29.4% in the third quarter. Covestor Ltd now owns 5,322 shares of the company’s stock worth $76,000 after acquiring an additional 1,210 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Paycor HCM by 2.3% in the second quarter. Rhumbline Advisers now owns 67,959 shares of the company’s stock valued at $863,000 after acquiring an additional 1,560 shares in the last quarter. Finally, Fiera Capital Corp boosted its stake in shares of Paycor HCM by 0.9% during the second quarter. Fiera Capital Corp now owns 190,677 shares of the company’s stock valued at $2,422,000 after acquiring an additional 1,629 shares during the last quarter. Institutional investors and hedge funds 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.