Paycor HCM (NASDAQ:PYCR) Price Target Raised to $25.00

Paycor HCM (NASDAQ:PYCR) had its price objective boosted by Stifel Nicolaus from $22.00 to $25.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also recently weighed in on PYCR. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price target on shares of Paycor HCM in a research report on Friday, November 22nd. Stephens started coverage on Paycor HCM in a report on Wednesday, October 16th. They set an “overweight” rating and a $18.00 target price for the company. BMO Capital Markets upgraded Paycor HCM from a “market perform” rating to an “outperform” rating and upped their price target for the company from $19.00 to $24.00 in a research report on Thursday, December 12th. Jefferies Financial Group raised their price objective on shares of Paycor HCM from $13.00 to $15.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group upped 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. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $20.56.

Paycor HCM Stock Down 3.3 %

Paycor HCM stock opened at $19.06 on Wednesday. The firm has a 50 day moving average price of $17.00 and a 200-day moving average price of $14.43. Paycor HCM has a twelve month low of $10.92 and a twelve month high of $22.14. The company has a market capitalization of $3.42 billion, a P/E ratio of -73.31, a P/E/G ratio of 4.79 and a beta of 0.51.

Insiders Place Their Bets

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total transaction of $52,196.46. Following the completion of the sale, the director now directly owns 21,218 shares of the company’s stock, valued at approximately $297,476.36. This represents a 14.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.39% of the company’s stock.

Institutional Trading of Paycor HCM

Large investors have recently bought and sold shares of the stock. Stifel Financial Corp raised its stake in Paycor HCM by 7.8% in the 3rd 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. Covestor Ltd lifted 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 worth $76,000 after purchasing an additional 1,210 shares during the period. Rhumbline Advisers boosted its position in 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 buying an additional 1,560 shares during the last quarter. Fiera Capital Corp increased its holdings in Paycor HCM by 0.9% in the 2nd quarter. Fiera Capital Corp now owns 190,677 shares of the company’s stock worth $2,422,000 after buying an additional 1,629 shares during the period. Finally, Raymond James & Associates increased its holdings in Paycor HCM by 0.6% in the 3rd quarter. Raymond James & Associates now owns 328,827 shares of the company’s stock worth $4,666,000 after buying an additional 1,834 shares during the period. Hedge funds and other institutional investors 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.