Paycor HCM’s (PYCR) Market Perform Rating Reaffirmed at BMO Capital Markets

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

A number of other brokerages have also issued reports on PYCR. TD Cowen raised Paycor HCM from a “hold” rating to a “buy” rating and boosted their target price for the stock from $18.00 to $22.00 in a research report on Monday, December 2nd. Mizuho upped their price objective on shares of Paycor HCM from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Needham & Company LLC reissued a “buy” rating and issued a $20.00 target price on shares of Paycor HCM in a research report on Monday, January 6th. Stifel Nicolaus upped their price target on shares of Paycor HCM from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Jefferies Financial Group raised their price objective on shares of Paycor HCM from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $20.91.

Paycor HCM Stock Performance

Shares of NASDAQ:PYCR opened at $22.15 on Wednesday. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of -85.19, a PEG ratio of 4.79 and a beta of 0.50. Paycor HCM has a 1-year low of $10.92 and a 1-year high of $23.49. The company has a 50 day moving average price of $18.68 and a 200 day moving average price of $15.28.

Insider Transactions at Paycor HCM

In other news, Director Jeremy Rishel sold 3,723 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total transaction of $52,196.46. Following the transaction, the director now owns 21,218 shares in the company, valued at $297,476.36. This represents a 14.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.39% of the company’s stock.

Institutional Investors Weigh In On Paycor HCM

A number of large investors have recently bought and sold shares of the business. International Assets Investment Management LLC lifted 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 worth $42,000 after buying an additional 2,846 shares during the last quarter. Quarry LP acquired a new stake in Paycor HCM in the 2nd quarter worth approximately $69,000. Covestor Ltd boosted its position in 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 period. FMR LLC grew its holdings in Paycor HCM by 93.9% during the third quarter. FMR LLC now owns 9,918 shares of the company’s stock valued at $141,000 after purchasing an additional 4,804 shares during the last quarter. Finally, Octavia Wealth Advisors LLC bought a new position in shares of Paycor HCM in the third quarter valued at approximately $143,000. 36.76% of the stock is currently 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.