Paycor HCM’s (PYCR) Equal Weight Rating Reaffirmed at Stephens

Stephens reissued their equal weight rating on shares of Paycor HCM (NASDAQ:PYCR) in a research report sent to investors on Friday morning,Benzinga reports. They currently have a $22.50 target price on the stock, up from their prior target price of $20.00.

Other research analysts have also issued research reports about the stock. TD Cowen upgraded shares of Paycor HCM from a “hold” rating to a “buy” rating and upped their price target for the company from $18.00 to $22.00 in a report on Monday, December 2nd. Mizuho upped their target price on shares of Paycor HCM from $20.00 to $22.50 and gave the stock a “neutral” rating in a research note on Wednesday. BMO Capital Markets reissued a “market perform” rating and issued a $22.50 price target (down previously from $24.00) on shares of Paycor HCM in a research note on Wednesday. Jefferies Financial Group upped their price objective on Paycor HCM from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, Stifel Nicolaus lifted their target price on Paycor HCM from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $20.91.

Paycor HCM Price Performance

NASDAQ PYCR opened at $22.15 on Friday. The stock’s 50-day moving average is $18.68 and its 200-day moving average is $15.28. Paycor HCM has a one year low of $10.92 and a one year high of $23.49. The firm has a market cap of $3.98 billion, a P/E ratio of -85.19, a P/E/G ratio of 4.79 and a beta of 0.50.

Insider Buying and Selling

In other news, Director Jeremy Rishel sold 3,723 shares of Paycor HCM stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total value of $52,196.46. Following the completion of the transaction, the director now owns 21,218 shares of the company’s stock, valued at $297,476.36. This trade represents a 14.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.39% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Paycor HCM

A number of institutional investors and hedge funds have recently modified their holdings of PYCR. Marshall Wace LLP increased its position in Paycor HCM by 1,234.9% during the second quarter. Marshall Wace LLP now owns 370,985 shares of the company’s stock worth $4,712,000 after buying an additional 343,194 shares during the last quarter. ING Groep NV acquired a new position in shares of Paycor HCM during the 3rd quarter worth approximately $4,615,000. Cubist Systematic Strategies LLC raised its stake in Paycor HCM by 207.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 465,097 shares of the company’s stock valued at $5,907,000 after acquiring an additional 313,851 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Paycor HCM by 1,047.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 321,504 shares of the company’s stock valued at $4,562,000 after purchasing an additional 293,487 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Paycor HCM by 13.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company’s stock worth $21,140,000 after purchasing an additional 192,633 shares during the period. 36.76% of the stock is owned by institutional investors.

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.