Analysts Set Paycor HCM, Inc. (NASDAQ:PYCR) PT at $20.56

Shares of Paycor HCM, Inc. (NASDAQ:PYCR) have been given a consensus recommendation of “Moderate Buy” by the sixteen analysts that are currently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $20.56.

Several research firms have recently weighed in on PYCR. TD Cowen upgraded Paycor HCM from a “hold” rating to a “buy” rating and increased their price target for the stock from $18.00 to $22.00 in a research note on Monday, December 2nd. Mizuho increased their target price on shares of Paycor HCM from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Jefferies Financial Group boosted their price target 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. Stifel Nicolaus raised their price target on Paycor HCM from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Citigroup boosted their price objective on Paycor HCM from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th.

Paycor HCM Trading Up 1.4 %

NASDAQ:PYCR opened at $19.18 on Monday. The firm’s 50 day moving average is $17.33 and its 200 day moving average is $14.59. Paycor HCM has a 12 month low of $10.92 and a 12 month high of $22.14. The stock has a market capitalization of $3.45 billion, a PE ratio of -73.77, a price-to-earnings-growth ratio of 4.79 and a beta of 0.51.

Insider Transactions at Paycor HCM

In other news, Director Jeremy Rishel sold 3,723 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total value of $52,196.46. Following the completion of the sale, the director now owns 21,218 shares of the company’s stock, valued at approximately $297,476.36. This represents a 14.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.39% of the company’s stock.

Institutional Trading of Paycor HCM

Several institutional investors have recently added to or reduced their stakes in PYCR. International Assets Investment Management LLC lifted its stake in shares of 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 during the last quarter. Quarry LP purchased a new stake in Paycor HCM during the 2nd quarter valued at $69,000. Covestor Ltd grew its holdings in Paycor HCM by 29.4% in the 3rd 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. HighMark Wealth Management LLC increased its position in shares of Paycor HCM by 100.0% in the second quarter. HighMark Wealth Management LLC now owns 7,730 shares of the company’s stock valued at $98,000 after acquiring an additional 3,865 shares during the period. Finally, nVerses Capital LLC bought a new position in shares of Paycor HCM during the second quarter valued at about $123,000. 36.76% of the stock is currently owned by hedge funds and other institutional investors.

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.