Paycor HCM (NASDAQ:PYCR) Earns Market Outperform Rating from JMP Securities

Paycor HCM (NASDAQ:PYCR)‘s stock had its “market outperform” rating reiterated by stock analysts at JMP Securities in a research report issued on Monday,Benzinga reports. They currently have a $30.00 price objective on the stock. JMP Securities’ target price suggests a potential upside of 61.81% from the stock’s current price.

A number of other equities analysts have also issued reports on PYCR. Citigroup upped their target price on shares of Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Mizuho upped their price target on Paycor HCM from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Jefferies Financial Group lifted their target price on Paycor HCM from $13.00 to $15.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group lifted their price target on shares of Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Finally, Stifel Nicolaus increased their price objective on Paycor HCM from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Paycor HCM presently has an average rating of “Moderate Buy” and an average target price of $20.56.

Paycor HCM Stock Performance

Shares of NASDAQ:PYCR opened at $18.54 on Monday. The company’s fifty day moving average is $17.96 and its 200-day moving average is $14.96. Paycor HCM has a 52 week low of $10.92 and a 52 week high of $21.72. The company has a market capitalization of $3.33 billion, a PE ratio of -71.31, 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 company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total value of $52,196.46. Following the transaction, the director now directly owns 21,218 shares in the company, valued at $297,476.36. This represents a 14.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.39% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Paycor HCM

Several hedge funds have recently added to or reduced their stakes in PYCR. International Assets Investment Management LLC lifted its stake in Paycor HCM by 1,923.0% in the third quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock worth $42,000 after purchasing an additional 2,846 shares during the last quarter. Quarry LP bought a new stake in Paycor HCM in the second quarter valued at $69,000. Covestor Ltd raised its stake in 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 buying an additional 1,210 shares in the last quarter. FMR LLC lifted its stake in shares of Paycor HCM by 93.9% in the 3rd quarter. FMR LLC now owns 9,918 shares of the company’s stock valued at $141,000 after purchasing an additional 4,804 shares during the period. Finally, Octavia Wealth Advisors LLC bought a new stake in shares of Paycor HCM during the 3rd quarter valued at $143,000. 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.