Needham & Company LLC Reiterates “Buy” Rating for Paycor HCM (NASDAQ:PYCR)

Paycor HCM (NASDAQ:PYCR)‘s stock had its “buy” rating restated by Needham & Company LLC in a research note issued to investors on Monday,Benzinga reports. They presently have a $20.00 price objective on the stock. Needham & Company LLC’s target price suggests a potential upside of 7.87% from the stock’s current price.

PYCR has been the topic of a number of other reports. Citigroup raised 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. Mizuho boosted their price objective on shares of Paycor HCM from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Stifel Nicolaus increased 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. BMO Capital Markets raised shares of Paycor HCM from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $19.00 to $24.00 in a report on Thursday, December 12th. Finally, The Goldman Sachs Group raised their price objective on Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Paycor HCM presently has an average rating of “Moderate Buy” and a consensus price target of $20.56.

Paycor HCM Trading Up 1.1 %

Shares of NASDAQ PYCR opened at $18.54 on Monday. Paycor HCM has a 1 year low of $10.92 and a 1 year high of $21.72. The firm’s 50-day moving average is $17.96 and its 200-day moving average is $14.96. The firm has a market capitalization of $3.33 billion, a PE ratio of -71.31, 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 Paycor HCM stock in a transaction dated 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 transaction, the director now owns 21,218 shares of the company’s stock, valued at $297,476.36. This trade represents a 14.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.39% of the company’s stock.

Institutional Investors Weigh In On Paycor HCM

Several hedge funds have recently bought and sold shares of PYCR. International Assets Investment Management LLC boosted its stake in shares of Paycor HCM by 1,923.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock worth $42,000 after acquiring an additional 2,846 shares during the period. Covestor Ltd boosted its position in 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. Quarry LP acquired a new position in shares of Paycor HCM in the second quarter valued at $69,000. FMR LLC lifted its stake in shares of Paycor HCM by 93.9% during the 3rd quarter. FMR LLC now owns 9,918 shares of the company’s stock worth $141,000 after buying an additional 4,804 shares during the last quarter. Finally, Octavia Wealth Advisors LLC bought a new stake in shares of Paycor HCM during the 3rd quarter worth about $143,000. 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.