Paycor HCM (NASDAQ:PYCR - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Needham & Company LLC in a research note issued to investors on Friday,Benzinga reports. They currently have a $20.00 target price on the stock. Needham & Company LLC's price objective points to a potential upside of 14.42% from the stock's previous close.
PYCR has been the subject of a number of other reports. Citigroup raised their price target on Paycor HCM from $15.00 to $16.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 25th. Stephens began coverage on Paycor HCM in a report on Wednesday, October 16th. They issued an "overweight" rating and a $18.00 price target for the company. BTIG Research cut their price target on Paycor HCM from $26.00 to $20.00 and set a "buy" rating on the stock in a research note on Thursday, August 15th. Stifel Nicolaus reduced their price target on shares of Paycor HCM from $22.00 to $19.00 and set a "buy" rating for the company in a report on Thursday, August 15th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Paycor HCM from $19.00 to $17.00 and set a "neutral" rating on the stock in a research note on Thursday, August 15th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Paycor HCM currently has a consensus rating of "Hold" and an average target price of $19.06.
Get Our Latest Stock Analysis on Paycor HCM
Paycor HCM Stock Performance
NASDAQ PYCR traded up $0.35 on Friday, hitting $17.48. 785,875 shares of the stock were exchanged, compared to its average volume of 939,948. Paycor HCM has a 52-week low of $10.92 and a 52-week high of $22.65. The firm has a market capitalization of $3.14 billion, a P/E ratio of -65.88, a P/E/G ratio of 3.96 and a beta of 0.42. The stock has a fifty day moving average price of $14.81 and a two-hundred day moving average price of $13.73.
Insiders Place Their Bets
In related news, Director Jeremy Rishel sold 3,723 shares of the company's stock in a transaction that occurred 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 sale, the director now owns 21,218 shares in the company, valued at $297,476.36. This represents a 14.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.39% of the company's stock.
Institutional Trading of Paycor HCM
Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Paycor HCM by 11.5% during the first quarter. Vanguard Group Inc. now owns 6,884,980 shares of the company's stock valued at $133,844,000 after purchasing an additional 710,370 shares during the period. Conestoga Capital Advisors LLC grew its holdings in Paycor HCM by 2.8% during the second quarter. Conestoga Capital Advisors LLC now owns 6,841,396 shares of the company's stock worth $86,886,000 after acquiring an additional 184,255 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Paycor HCM by 13.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company's stock valued at $21,140,000 after acquiring an additional 192,633 shares during the period. Geode Capital Management LLC boosted its position in Paycor HCM by 10.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,354,846 shares of the company's stock worth $19,231,000 after purchasing an additional 132,662 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in shares of Paycor HCM by 8.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,161,032 shares of the company's stock worth $16,478,000 after purchasing an additional 86,745 shares during the period. 36.76% of the stock is owned by hedge funds and other institutional investors.
Paycor HCM Company Profile
(
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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.
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