Paycor HCM (NASDAQ:PYCR) Sees Unusually-High Trading Volume – Should You Buy?

Paycor HCM, Inc. (NASDAQ:PYCR) shares saw an uptick in trading volume on Thursday . 3,427,417 shares changed hands during trading, an increase of 154% from the previous session’s volume of 1,348,020 shares.The stock last traded at $22.14 and had previously closed at $22.15.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PYCR. Citizens Jmp downgraded Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 9th. Citigroup increased their price objective on Paycor HCM from $21.00 to $22.50 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Baird R W downgraded Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Truist Financial reissued a “hold” rating and issued a $22.50 price objective (up from $20.00) on shares of Paycor HCM in a research note on Thursday, January 16th. Finally, Stephens reissued an “equal weight” rating and issued a $22.50 price objective (up from $20.00) on shares of Paycor HCM in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $21.53.

Paycor HCM Trading Up 0.9 %

The business has a fifty day moving average of $21.52 and a 200 day moving average of $17.62. The company has a market capitalization of $4.06 billion, a PE ratio of -186.07, a PEG ratio of 3.84 and a beta of 0.53.

Paycor HCM (NASDAQ:PYCR) last announced its earnings results on Wednesday, February 5th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). Paycor HCM had a negative net margin of 3.06% and a positive return on equity of 4.28%. Equities analysts forecast that Paycor HCM, Inc. will post 0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Paycor HCM

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Paycor HCM by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 7,454,003 shares of the company’s stock valued at $138,421,000 after acquiring an additional 226,807 shares during the period. Conestoga Capital Advisors LLC raised its position in Paycor HCM by 23.8% in the 4th quarter. Conestoga Capital Advisors LLC now owns 6,934,428 shares of the company’s stock valued at $128,772,000 after purchasing an additional 1,333,170 shares in the last quarter. Clearbridge Investments LLC raised its position in Paycor HCM by 0.7% in the 4th quarter. Clearbridge Investments LLC now owns 6,386,128 shares of the company’s stock valued at $118,590,000 after purchasing an additional 47,007 shares in the last quarter. Invesco Ltd. raised its position in Paycor HCM by 4.0% in the 4th quarter. Invesco Ltd. now owns 2,799,281 shares of the company’s stock valued at $51,983,000 after purchasing an additional 106,628 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Paycor HCM by 15.5% in the 4th quarter. Franklin Resources Inc. now owns 2,003,288 shares of the company’s stock valued at $37,201,000 after purchasing an additional 269,179 shares in the last quarter. 36.76% of the stock is currently owned by hedge funds and other 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.