Paycor HCM’s (PYCR) Market Outperform Rating Reiterated at JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Paycor HCM (NASDAQ:PYCR) in a report issued on Monday,Benzinga reports. The firm currently has a $30.00 target price on the stock.

A number of other research analysts have also issued reports on PYCR. Stephens assumed coverage on Paycor HCM in a report on Wednesday, October 16th. They issued an “overweight” rating and a $18.00 target price on the stock. Mizuho raised their target price on shares of 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 shares of Paycor HCM from a “hold” rating to a “buy” rating and boosted their price target for the stock from $18.00 to $22.00 in a research note on Monday, December 2nd. The Goldman Sachs Group raised their price objective on shares of Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Finally, Jefferies Financial Group boosted their target price on Paycor HCM from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $20.63.

Paycor HCM Stock Performance

Shares of NASDAQ:PYCR opened at $22.17 on Monday. Paycor HCM has a one year low of $10.92 and a one year 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. The company has a 50-day simple moving average of $18.41 and a 200-day simple moving average of $15.16.

Insider Buying and Selling at Paycor HCM

In other news, Director Jeremy Rishel sold 3,723 shares of the company’s stock in a transaction 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 sale, the director now directly owns 21,218 shares in the company, valued at $297,476.36. This represents a 14.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its position in shares of Paycor HCM by 1,923.0% in the third quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock valued at $42,000 after buying an additional 2,846 shares during the last quarter. Quarry LP acquired a new position in Paycor HCM in the 2nd quarter valued at $69,000. Covestor Ltd boosted its holdings in shares of Paycor HCM by 29.4% during the third quarter. Covestor Ltd now owns 5,322 shares of the company’s stock worth $76,000 after purchasing an additional 1,210 shares during the last quarter. FMR LLC boosted its holdings in shares of Paycor HCM by 93.9% during the third quarter. FMR LLC now owns 9,918 shares of the company’s stock worth $141,000 after purchasing an additional 4,804 shares during the last quarter. Finally, Octavia Wealth Advisors LLC purchased a new stake in shares of Paycor HCM in the third quarter valued at $143,000. Institutional investors and hedge funds 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.