Paycor HCM, Inc. (NASDAQ:PYCR) Given Consensus Recommendation of “Hold” by Analysts

Paycor HCM, Inc. (NASDAQ:PYCR) has been given an average recommendation of “Hold” by the sixteen research firms that are covering the firm, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $19.31.

PYCR has been the subject of several recent research reports. Stifel Nicolaus lowered their price objective on Paycor HCM from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Citigroup lifted their target price on shares of Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. TD Cowen increased their price target on shares of Paycor HCM from $15.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. UBS Group decreased their price objective on shares of Paycor HCM from $18.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, August 16th. Finally, Jefferies Financial Group upped their price objective on shares of Paycor HCM from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd.

Insider Transactions at Paycor HCM

In other news, Director Jeremy Rishel sold 3,723 shares of the company’s 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 sale, the director now directly owns 21,218 shares of the company’s stock, valued at $297,476.36. This represents a 14.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PYCR. Prevail Innovative Wealth Advisors LLC increased its stake in shares of Paycor HCM by 434.5% during the second quarter. Prevail Innovative Wealth Advisors LLC now owns 118,998 shares of the company’s stock valued at $1,511,000 after purchasing an additional 96,736 shares in the last quarter. Comerica Bank grew its stake 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 buying an additional 141,391 shares during the last quarter. ING Groep NV bought a new position in Paycor HCM during the 3rd quarter valued at approximately $4,615,000. Principal Financial Group Inc. bought a new stake in Paycor HCM in the third quarter worth $962,000. Finally, GSA Capital Partners LLP boosted its holdings in Paycor HCM by 75.6% in the third 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. 36.76% of the stock is owned by hedge funds and other institutional investors.

Paycor HCM Trading Up 0.7 %

NASDAQ PYCR opened at $18.13 on Thursday. The firm has a market cap of $3.26 billion, a PE ratio of -69.73, a price-to-earnings-growth ratio of 4.45 and a beta of 0.42. Paycor HCM has a 1-year low of $10.92 and a 1-year high of $22.65. The stock has a 50-day moving average of $15.06 and a 200-day moving average of $13.72.

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.