Needham & Company LLC Reiterates “Buy” Rating for Paycor HCM (NASDAQ:PYCR)

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

PYCR has been the topic of a number of other reports. Jefferies Financial Group boosted their target price on shares of 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 decreased their price objective on Paycor HCM from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, August 16th. Stifel Nicolaus cut their price objective on Paycor HCM from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. BTIG Research decreased their target price on shares of Paycor HCM from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Finally, Stephens began coverage on shares of Paycor HCM in a report on Wednesday, October 16th. They set an “overweight” rating and a $18.00 price target for the company. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Paycor HCM has an average rating of “Hold” and a consensus target price of $19.06.

Paycor HCM Trading Up 4.0 %

Paycor HCM stock opened at $18.18 on Friday. The stock has a 50-day moving average price of $14.97 and a two-hundred day moving average price of $13.69. Paycor HCM has a 12 month low of $10.92 and a 12 month high of $22.65. The company has a market capitalization of $3.27 billion, a PE ratio of -69.92, a P/E/G ratio of 4.28 and a beta of 0.42.

Insiders Place Their Bets

In other news, Director Jeremy Rishel sold 3,723 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total transaction of $52,196.46. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.39% of the company’s stock.

Institutional Trading of Paycor HCM

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CWM LLC grew its holdings in shares of Paycor HCM by 950.7% during the second quarter. CWM LLC now owns 2,385 shares of the company’s stock valued at $30,000 after buying an additional 2,158 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Paycor HCM by 1,923.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock valued at $42,000 after purchasing an additional 2,846 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Paycor HCM by 52.4% during 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 in the last quarter. Quarry LP purchased a new stake in shares of Paycor HCM in the second quarter worth approximately $69,000. Finally, Covestor Ltd lifted its holdings in shares of Paycor HCM by 29.4% in the third quarter. Covestor Ltd now owns 5,322 shares of the company’s stock valued at $76,000 after purchasing an additional 1,210 shares in the last quarter. 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.