Paycor HCM (NASDAQ:PYCR) Given “Market Outperform” Rating 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 brokerage currently has a $30.00 target price on the stock.

Several other equities research analysts have also commented on PYCR. The Goldman Sachs Group upped their price target on Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. TD Cowen upgraded Paycor HCM from a “hold” rating to a “buy” rating and increased their price target for the company from $18.00 to $22.00 in a report on Monday, December 2nd. Stephens assumed coverage on shares of Paycor HCM in a research report on Wednesday, October 16th. They issued an “overweight” rating and a $18.00 price objective for the company. Citigroup boosted their target price on shares of Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Finally, Jefferies Financial Group lifted their price target 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. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.63.

Paycor HCM Price Performance

Shares of NASDAQ PYCR opened at $22.17 on Monday. The stock has a market capitalization of $3.98 billion, a PE ratio of -85.27, a P/E/G ratio of 4.79 and a beta of 0.50. The firm has a fifty day moving average of $18.41 and a 200-day moving average of $15.16. Paycor HCM has a 52-week low of $10.92 and a 52-week high of $23.49.

Insider Transactions at Paycor HCM

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total transaction of $52,196.46. Following the completion of the transaction, the director now directly owns 21,218 shares of the company’s stock, valued at $297,476.36. The trade was a 14.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.39% of the company’s stock.

Institutional Investors Weigh In On Paycor HCM

Hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC grew its holdings in Paycor HCM by 1,923.0% in the 3rd 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 in the last quarter. Quarry LP bought a new position in shares of Paycor HCM in the second quarter worth $69,000. Covestor Ltd increased 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 valued at $76,000 after purchasing an additional 1,210 shares during the period. FMR LLC raised its stake in shares of 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 in the last quarter. Finally, Octavia Wealth Advisors LLC acquired a new stake in Paycor HCM in the third quarter worth about $143,000. Institutional investors own 36.76% of the company’s stock.

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.