Paycor HCM (NASDAQ:PYCR) Earns “Market Perform” Rating from BMO Capital Markets

BMO Capital Markets reissued their market perform rating on shares of Paycor HCM (NASDAQ:PYCR) in a research report report published on Wednesday morning, MarketBeat reports. BMO Capital Markets currently has a $22.50 target price on the stock, down from their prior target price of $24.00.

Other equities analysts have also issued research reports about the company. Jefferies Financial Group lifted their price target on Paycor HCM from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus lifted their target price on shares of Paycor HCM from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Mizuho increased their price target on shares of Paycor HCM from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Citigroup upped their price objective on Paycor HCM from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $20.00 target price on shares of Paycor HCM in a research note on Monday. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $20.63.

Paycor HCM Stock Performance

Shares of NASDAQ:PYCR opened at $22.17 on Wednesday. The stock has a fifty day simple moving average of $18.41 and a two-hundred day simple moving average of $15.16. Paycor HCM has a 12-month low of $10.92 and a 12-month high of $23.49. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of -85.27, a PEG ratio of 4.79 and a beta of 0.50.

Insider Buying and Selling at Paycor HCM

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PYCR. Bank of New York Mellon Corp raised its stake in Paycor HCM by 149.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 607,996 shares of the company’s stock worth $7,722,000 after acquiring an additional 364,025 shares during the period. Rhumbline Advisers raised its position in shares of Paycor HCM by 2.3% during the 2nd quarter. Rhumbline Advisers now owns 67,959 shares of the company’s stock valued at $863,000 after purchasing an additional 1,560 shares during the period. Quest Partners LLC lifted its stake in shares of Paycor HCM by 451.3% during the 2nd quarter. Quest Partners LLC now owns 35,892 shares of the company’s stock valued at $456,000 after buying an additional 29,381 shares in the last quarter. Choreo LLC bought a new position in Paycor HCM in the 2nd quarter worth $150,000. Finally, Prevail Innovative Wealth Advisors LLC increased its stake in Paycor HCM by 434.5% in the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 118,998 shares of the company’s stock worth $1,511,000 after buying an additional 96,736 shares in the last quarter. 36.76% of the stock is owned by hedge funds and other 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.