Paycor HCM, Inc. (NASDAQ:PYCR) Short Interest Up 35.9% in February

Paycor HCM, Inc. (NASDAQ:PYCR) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 3,140,000 shares, a growth of 35.9% from the February 13th total of 2,310,000 shares. Based on an average daily volume of 2,750,000 shares, the short-interest ratio is currently 1.1 days. Approximately 3.8% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PYCR shares. The Goldman Sachs Group upped their target price on shares of Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Truist Financial reissued a “hold” rating and issued a $22.50 price target (up previously from $20.00) on shares of Paycor HCM in a report on Thursday, January 16th. JPMorgan Chase & Co. restated an “underweight” rating and set a $22.50 price objective (up from $21.00) on shares of Paycor HCM in a report on Wednesday, January 22nd. Citizens Jmp cut Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 9th. Finally, Mizuho lifted their price target on shares of Paycor HCM from $20.00 to $22.50 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $21.53.

Institutional Investors Weigh In On Paycor HCM

Hedge funds and other institutional investors have recently modified their holdings of the stock. True Wealth Design LLC lifted its stake in Paycor HCM by 105.3% during the fourth quarter. True Wealth Design LLC now owns 1,357 shares of the company’s stock valued at $25,000 after purchasing an additional 696 shares during the last quarter. MCF Advisors LLC purchased a new stake in Paycor HCM in the 4th quarter worth approximately $27,000. Tower Research Capital LLC TRC boosted its position in Paycor HCM by 273.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,164 shares of the company’s stock valued at $59,000 after purchasing an additional 2,317 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Paycor HCM by 869.3% in the 4th quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock valued at $64,000 after buying an additional 3,086 shares in the last quarter. Finally, Sterling Capital Management LLC increased its stake in shares of Paycor HCM by 71.4% during the 4th quarter. Sterling Capital Management LLC now owns 4,502 shares of the company’s stock worth $84,000 after purchasing an additional 1,875 shares during the last quarter. 36.76% of the stock is currently owned by institutional investors.

Paycor HCM Stock Up 0.1 %

PYCR stock traded up $0.02 during mid-day trading on Monday, reaching $22.39. The company had a trading volume of 402,492 shares, compared to its average volume of 3,320,618. 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 $4.07 billion, a P/E ratio of -186.53, a P/E/G ratio of 3.84 and a beta of 0.53. The stock’s 50-day simple moving average is $22.21 and its two-hundred day simple moving average is $18.26.

Paycor HCM (NASDAQ:PYCR) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.07 EPS for the quarter, missing the consensus estimate 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%. On average, research analysts forecast that Paycor HCM will post 0.3 EPS for the current fiscal year.

About Paycor HCM

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.