JMP Securities Reaffirms Market Outperform Rating for Paycor HCM (NASDAQ:PYCR)

Paycor HCM (NASDAQ:PYCR)‘s stock had its “market outperform” rating reiterated by stock analysts at JMP Securities in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $30.00 price objective on the stock. JMP Securities’ target price suggests a potential upside of 35.32% from the company’s current price.

Several other research analysts also recently commented on the stock. Stifel Nicolaus raised their price target on shares of Paycor HCM from $22.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Stephens began coverage on Paycor HCM in a research note on Wednesday, October 16th. They set an “overweight” rating and a $18.00 price objective for the company. Mizuho upped their target price on Paycor HCM from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. TD Cowen upgraded Paycor HCM from a “hold” rating to a “buy” rating and lifted their price target for the company from $18.00 to $22.00 in a research report on Monday, December 2nd. Finally, Citigroup upped their price objective on shares of Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $20.56.

Paycor HCM Trading Down 3.0 %

PYCR stock opened at $22.17 on Monday. The firm has a 50 day moving average of $18.27 and a 200-day moving average of $15.11. The firm has a market capitalization of $3.98 billion, a P/E ratio of -85.27, a price-to-earnings-growth ratio of 4.79 and a beta of 0.50. Paycor HCM has a 12 month low of $10.92 and a 12 month high of $23.49.

Insiders Place Their Bets

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 transaction, the director now directly owns 21,218 shares of the company’s stock, valued at $297,476.36. The trade was a 14.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.39% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its position 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 valued at $7,722,000 after buying an additional 364,025 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Paycor HCM by 72.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,241 shares of the company’s stock worth $244,000 after purchasing an additional 8,094 shares during the period. Rhumbline Advisers grew its stake in shares of Paycor HCM by 2.3% in the second quarter. Rhumbline Advisers now owns 67,959 shares of the company’s stock worth $863,000 after purchasing an additional 1,560 shares during the last quarter. Quest Partners LLC increased its holdings in 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 purchasing an additional 29,381 shares during the period. Finally, Choreo LLC bought a new position in Paycor HCM during the 2nd quarter valued at approximately $150,000. 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.