Paycor HCM, Inc. (NASDAQ:PYCR) Receives $19.31 Average PT from Analysts

Shares of Paycor HCM, Inc. (NASDAQ:PYCR) have earned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $19.56.

PYCR has been the subject of a number of research reports. Stephens initiated coverage on shares of Paycor HCM in a report on Wednesday, October 16th. They issued an “overweight” rating and a $18.00 target price for the company. Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of Paycor HCM in a research report on Friday, November 22nd. Citigroup upped their price target on shares of Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. 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 report on Thursday, August 15th. Finally, BTIG Research lowered their target price on Paycor HCM from $26.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, August 15th.

Paycor HCM Stock Up 2.2 %

Shares of PYCR stock opened at $18.45 on Thursday. The business has a fifty day simple moving average of $15.30 and a 200 day simple moving average of $13.80. The company has a market cap of $3.31 billion, a P/E ratio of -70.96, a P/E/G ratio of 4.42 and a beta of 0.42. Paycor HCM has a twelve month low of $10.92 and a twelve month high of $22.65.

Insider Buying and Selling

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of Paycor HCM stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total value of $52,196.46. Following the completion of the sale, the director now directly 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 can be accessed through this hyperlink. 1.39% of the stock is owned by insiders.

Institutional Trading of Paycor HCM

Large investors have recently modified their holdings of the stock. CWM LLC boosted its stake in Paycor HCM by 950.7% during the second quarter. CWM LLC now owns 2,385 shares of the company’s stock worth $30,000 after acquiring an additional 2,158 shares in the last quarter. International Assets Investment Management LLC boosted its position 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 purchasing an additional 2,846 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Paycor HCM by 52.4% in the 1st quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company’s stock valued at $67,000 after buying an additional 1,178 shares during the period. Covestor Ltd increased its position in Paycor HCM by 29.4% in the 3rd quarter. Covestor Ltd now owns 5,322 shares of the company’s stock valued at $76,000 after buying an additional 1,210 shares in the last quarter. Finally, Quarry LP acquired a new position in Paycor HCM during the 2nd quarter worth approximately $69,000. 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.