Paycor HCM (NASDAQ:PYCR) Given New $22.50 Price Target at Mizuho

Paycor HCM (NASDAQ:PYCR - Get Free Report) had its price target boosted by Mizuho from $20.00 to $22.50 in a research report issued on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Mizuho's target price suggests a potential upside of 1.49% from the stock's current price.

A number of other equities analysts also recently commented on the stock. Stifel Nicolaus boosted their price objective on shares of Paycor HCM from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Citigroup upped their price objective on Paycor HCM from $15.00 to $16.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 25th. Needham & Company LLC reiterated a "buy" rating and issued a $20.00 target price on shares of Paycor HCM in a research note on Monday. Stephens started coverage on shares of Paycor HCM in a research report on Wednesday, October 16th. They set an "overweight" rating and a $18.00 price target for the company. Finally, Jefferies Financial Group raised their price target on shares of Paycor HCM from $13.00 to $15.00 and gave the company a "hold" rating in a report on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $20.63.

Paycor HCM Stock Performance

NASDAQ PYCR remained flat at $22.17 during trading on Wednesday. 9,129,900 shares of the company's stock were exchanged, compared to its average volume of 9,898,000. Paycor HCM has a 1-year low of $10.92 and a 1-year high of $23.49. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of -85.27, a price-to-earnings-growth 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 Activity at Paycor HCM

In related news, Director Jeremy Rishel sold 3,723 shares of the 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 completion of the transaction, the director now directly owns 21,218 shares of the company's stock, valued at approximately $297,476.36. This represents a 14.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.39% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Paycor HCM

A number of large investors have recently modified their holdings of the business. Prevail Innovative Wealth Advisors LLC boosted its position in Paycor HCM by 434.5% during the second quarter. Prevail Innovative Wealth Advisors LLC now owns 118,998 shares of the company's stock worth $1,511,000 after acquiring an additional 96,736 shares during the last quarter. Principal Financial Group Inc. purchased a new position in Paycor HCM in the 3rd quarter worth approximately $962,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Paycor HCM by 16.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 243,115 shares of the company's stock worth $3,450,000 after purchasing an additional 34,336 shares during the last quarter. ING Groep NV purchased a new stake in shares of Paycor HCM in the third quarter valued at approximately $4,615,000. Finally, GSA Capital Partners LLP increased its holdings in shares of Paycor HCM by 75.6% in the third quarter. GSA Capital Partners LLP now owns 87,529 shares of the company's stock valued at $1,242,000 after purchasing an additional 37,691 shares during the last quarter. Hedge funds and other 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.