Paycor HCM, Inc. (NASDAQ:PYCR) Short Interest Update

Paycor HCM, Inc. (NASDAQ:PYCR) saw a large decline in short interest in February. As of February 15th, there was short interest totalling 2,310,000 shares, a decline of 19.8% from the January 31st total of 2,880,000 shares. Currently, 2.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,390,000 shares, the days-to-cover ratio is currently 1.0 days.

Wall Street Analysts Forecast Growth

PYCR has been the subject of several recent analyst reports. Mizuho increased their price objective on shares of Paycor HCM from $20.00 to $22.50 and gave the company a “neutral” rating in a report on Wednesday, January 8th. BMO Capital Markets reaffirmed a “market perform” rating and set a $22.50 price target (down from $24.00) on shares of Paycor HCM in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $22.50 price objective (up previously from $21.00) on shares of Paycor HCM in a research note on Wednesday, January 22nd. Stifel Nicolaus raised their target price on Paycor HCM from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Citigroup boosted their price target on shares of Paycor HCM from $21.00 to $22.50 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $21.53.

Paycor HCM Stock Performance

Shares of NASDAQ PYCR traded down $0.01 during mid-day trading on Thursday, reaching $22.35. The company had a trading volume of 884,589 shares, compared to its average volume of 1,398,043. Paycor HCM has a twelve month low of $10.92 and a twelve month high of $23.49. The stock’s 50 day moving average is $21.71 and its 200-day moving average is $17.84. The stock has a market capitalization of $4.06 billion, a PE ratio of -186.19, a price-to-earnings-growth ratio of 3.84 and a beta of 0.53.

Paycor HCM (NASDAQ:PYCR) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.04). Paycor HCM had a negative net margin of 3.06% and a positive return on equity of 4.28%. On average, sell-side analysts anticipate that Paycor HCM will post 0.3 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Creative Planning boosted its holdings in Paycor HCM by 115.9% in the third quarter. Creative Planning now owns 26,889 shares of the company’s stock worth $382,000 after purchasing an additional 14,437 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of 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 worth $42,000 after acquiring an additional 2,846 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Paycor HCM during the 3rd quarter valued at about $157,000. US Bancorp DE lifted its holdings in Paycor HCM by 46.0% in the 3rd quarter. US Bancorp DE now owns 16,558 shares of the company’s stock worth $235,000 after purchasing an additional 5,216 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in Paycor HCM in the 3rd quarter worth approximately $962,000. 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.