Paycor HCM (NASDAQ:PYCR) Rating Lowered to Hold at Citizens Jmp

Citizens Jmp cut shares of Paycor HCM (NASDAQ:PYCR) from a strong-buy rating to a hold rating in a research report sent to investors on Thursday,Zacks.com reports.

Several other research analysts have also commented on PYCR. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price objective on shares of Paycor HCM in a research note on Monday, January 6th. Jefferies Financial Group raised their price target on Paycor HCM from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. TD Cowen upgraded Paycor HCM from a “hold” rating to a “buy” rating and upped their target price for the stock from $18.00 to $22.00 in a report on Monday, December 2nd. Stephens reiterated an “equal weight” rating and issued a $22.50 target price (up previously from $20.00) on shares of Paycor HCM in a research note on Friday. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $22.50 target price (down from $24.00) on shares of Paycor HCM in a report on Wednesday. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Paycor HCM has a consensus rating of “Hold” and a consensus price target of $20.91.

Paycor HCM Price Performance

NASDAQ PYCR opened at $22.15 on Thursday. The stock has a market capitalization of $3.98 billion, a PE ratio of -85.19, a P/E/G ratio of 4.79 and a beta of 0.50. Paycor HCM has a 1-year low of $10.92 and a 1-year high of $23.49. The business has a 50 day simple moving average of $18.68 and a two-hundred day simple moving average of $15.30.

Insiders Place Their Bets

In related news, Director Jeremy Rishel sold 3,723 shares of the stock in a transaction that occurred 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 transaction, the director now owns 21,218 shares in the company, valued at approximately $297,476.36. This represents a 14.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.39% of the company’s stock.

Institutional Trading of Paycor HCM

Several large investors have recently made changes to their positions in PYCR. Principal Financial Group Inc. purchased a new position in Paycor HCM during the third quarter valued at approximately $962,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Paycor HCM by 16.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 243,115 shares of the company’s stock worth $3,450,000 after purchasing an additional 34,336 shares in the last quarter. ING Groep NV acquired a new stake in Paycor HCM in the third quarter valued at approximately $4,615,000. GSA Capital Partners LLP increased its holdings in Paycor HCM by 75.6% in the 3rd quarter. GSA Capital Partners LLP now owns 87,529 shares of the company’s stock worth $1,242,000 after acquiring an additional 37,691 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Paycor HCM in the 2nd quarter worth about $560,000. 36.76% of the stock is 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.