Paycor HCM, Inc. (NASDAQ:PYCR) Given Average Rating of “Hold” by Brokerages

Shares of Paycor HCM, Inc. (NASDAQ:PYCR) have received an average rating of “Hold” from the sixteen analysts that are presently covering the stock, Marketbeat reports. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $19.31.

Several research firms recently commented on PYCR. TD Cowen increased their price target on Paycor HCM from $15.00 to $18.00 and gave the company a “hold” rating in a report on Thursday, November 7th. Stephens began coverage on shares of Paycor HCM in a research report on Wednesday, October 16th. They issued an “overweight” rating and a $18.00 target price on the stock. BMO Capital Markets lifted their price target on shares of Paycor HCM from $15.00 to $19.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. BTIG Research lowered their price objective 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, Needham & Company LLC reissued a “buy” rating and issued a $20.00 target price on shares of Paycor HCM in a research report on Friday, November 22nd.

Insider Buying and Selling

In related news, Director Jeremy Rishel sold 3,723 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total transaction of $52,196.46. Following the completion of the transaction, the director now owns 21,218 shares in the company, valued at approximately $297,476.36. The trade was a 14.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.39% of the company’s stock.

Institutional Trading of Paycor HCM

A number of institutional investors have recently bought and sold shares of PYCR. CWM LLC increased its holdings in shares of Paycor HCM by 950.7% in the 2nd quarter. CWM LLC now owns 2,385 shares of the company’s stock valued at $30,000 after acquiring an additional 2,158 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Paycor HCM by 1,923.0% in the third 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 in the last quarter. Advisors Asset Management Inc. increased its stake in Paycor HCM by 52.4% in the first quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company’s stock valued at $67,000 after purchasing an additional 1,178 shares during the last quarter. Covestor Ltd raised its holdings in Paycor HCM by 29.4% during the third quarter. Covestor Ltd now owns 5,322 shares of the company’s stock worth $76,000 after purchasing an additional 1,210 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Paycor HCM during the 2nd quarter worth approximately $69,000. 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 company has a market cap of $3.26 billion, a P/E ratio of -69.73, a P/E/G ratio of 4.45 and a beta of 0.42. Paycor HCM has a twelve month low of $10.92 and a twelve month high of $22.65. The company’s 50-day moving average price is $15.06 and its 200-day moving average price is $13.72.

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.