Stephens Reaffirms Equal Weight Rating for Paycor HCM (NASDAQ:PYCR)

Stephens reaffirmed their equal weight rating on shares of Paycor HCM (NASDAQ:PYCR) in a research report sent to investors on Friday morning,Benzinga reports. Stephens currently has a $22.50 price objective on the stock, up from their previous price objective of $20.00.

Several other equities research analysts have also recently issued reports on PYCR. Mizuho boosted their price objective on shares of Paycor HCM from $20.00 to $22.50 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Stifel Nicolaus lifted their price target on shares of Paycor HCM from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group increased 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. JMP Securities restated a “market outperform” rating and set a $30.00 price objective on shares of Paycor HCM in a report on Monday, January 6th. Finally, Citigroup upped their target price on Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $20.91.

Paycor HCM Trading Down 0.1 %

Shares of PYCR opened at $22.15 on Friday. The firm has a fifty day moving average price of $18.68 and a 200-day moving average price of $15.32. The firm has a market capitalization of $3.98 billion, a P/E ratio of -85.19, a P/E/G ratio of 4.79 and a beta of 0.50. Paycor HCM has a 12-month low of $10.92 and a 12-month high of $23.49.

Insider Buying and Selling at Paycor HCM

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 completion of the transaction, the director now directly 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 document filed with the SEC, which is available through this hyperlink. 1.39% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PYCR. Franklin Resources Inc. lifted its holdings in shares of Paycor HCM by 2.7% during the third quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company’s stock worth $23,220,000 after purchasing an additional 46,127 shares during the period. Dimensional Fund Advisors LP lifted its stake in Paycor HCM by 13.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company’s stock valued at $21,140,000 after acquiring an additional 192,633 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Paycor HCM by 10.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,354,846 shares of the company’s stock valued at $19,231,000 after acquiring an additional 132,662 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of Paycor HCM by 8.1% in the third quarter. Rockefeller Capital Management L.P. now owns 1,161,032 shares of the company’s stock worth $16,478,000 after acquiring an additional 86,745 shares during the period. Finally, State Street Corp raised its holdings in shares of Paycor HCM by 5.2% during the third quarter. State Street Corp now owns 1,111,032 shares of the company’s stock worth $15,766,000 after purchasing an additional 54,834 shares during the last quarter. Institutional investors and hedge funds own 36.76% of the company’s stock.

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.