Paycor HCM’s (PYCR) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Paycor HCM (NASDAQ:PYCR) in a report published on Friday morning,Benzinga reports. The brokerage currently has a $20.00 target price on the stock.

A number of other equities analysts have also recently issued reports on PYCR. The Goldman Sachs Group dropped their target price on Paycor HCM from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, August 16th. JPMorgan Chase & Co. dropped their target price on Paycor HCM from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. Truist Financial dropped their target price on Paycor HCM from $33.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. UBS Group dropped their target price on Paycor HCM from $18.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, August 16th. Finally, BTIG Research dropped their target price on Paycor HCM from $26.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $19.06.

Paycor HCM Stock Up 2.0 %

Paycor HCM stock opened at $17.48 on Friday. The business has a 50 day moving average price of $14.88 and a two-hundred day moving average price of $13.67. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of -67.23, a price-to-earnings-growth ratio of 4.20 and a beta of 0.42. Paycor HCM has a 12 month low of $10.92 and a 12 month high of $22.65.

Insider Buying and Selling at Paycor HCM

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of the stock in a transaction on 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 approximately $297,476.36. This trade represents a 14.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Paycor HCM by 11.5% in the 1st quarter. Vanguard Group Inc. now owns 6,884,980 shares of the company’s stock worth $133,844,000 after purchasing an additional 710,370 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Paycor HCM by 52.4% in the 1st quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company’s stock worth $67,000 after purchasing an additional 1,178 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Paycor HCM by 6.9% in the 1st quarter. California State Teachers Retirement System now owns 70,413 shares of the company’s stock worth $1,369,000 after purchasing an additional 4,536 shares during the last quarter. Comerica Bank boosted its position in shares of Paycor HCM by 40.8% in the 1st quarter. Comerica Bank now owns 487,747 shares of the company’s stock worth $9,482,000 after purchasing an additional 141,391 shares during the last quarter. Finally, CWM LLC boosted its position in shares of Paycor HCM by 950.7% in the 2nd quarter. CWM LLC now owns 2,385 shares of the company’s stock worth $30,000 after purchasing an additional 2,158 shares during the last quarter. 36.76% of the stock is currently owned by 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.