Paycor HCM, Inc. (NASDAQ:PYCR) Receives $19.31 Average PT from Analysts

Paycor HCM, Inc. (NASDAQ:PYCR - Get Free Report) has received a consensus rating of "Hold" from the sixteen analysts that are covering the company, Marketbeat reports. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $19.31.

A number of research analysts have recently commented on the stock. TD Cowen increased their target price on shares of Paycor HCM from $15.00 to $18.00 and gave the stock a "hold" rating in a report on Thursday, November 7th. Needham & Company LLC reiterated a "buy" rating and issued a $20.00 price objective on shares of Paycor HCM in a report on Friday, November 22nd. Citigroup raised their price objective on shares of Paycor HCM from $15.00 to $16.00 and gave the company a "neutral" rating in a report on Wednesday, September 25th. Stifel Nicolaus dropped their price objective 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, Truist Financial dropped their price objective on shares of Paycor HCM from $33.00 to $20.00 and set a "buy" rating for the company in a report on Tuesday, August 13th.

Insider Transactions at Paycor HCM

In other news, Director Jeremy Rishel sold 3,723 shares of the firm's stock in a transaction that occurred on 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 sale, the director now owns 21,218 shares of the company's stock, valued at $297,476.36. This trade represents a 14.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.39% of the company's stock.

Institutional Trading of Paycor HCM

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Paycor HCM by 11.5% during the 1st quarter. Vanguard Group Inc. now owns 6,884,980 shares of the company's stock worth $133,844,000 after buying an additional 710,370 shares during the period. Conestoga Capital Advisors LLC grew its position in Paycor HCM by 2.8% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 6,841,396 shares of the company's stock valued at $86,886,000 after purchasing an additional 184,255 shares during the period. Franklin Resources Inc. grew its position in Paycor HCM by 2.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company's stock valued at $23,220,000 after purchasing an additional 46,127 shares during the period. Dimensional Fund Advisors LP grew its position in Paycor HCM by 13.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company's stock valued at $21,140,000 after purchasing an additional 192,633 shares during the period. Finally, Geode Capital Management LLC grew 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 valued at $19,231,000 after purchasing an additional 132,662 shares during the period. Institutional investors and hedge funds own 36.76% of the company's stock.

Paycor HCM Stock Up 0.7 %

Shares of PYCR stock traded up $0.12 on Thursday, reaching $18.13. The company had a trading volume of 543,865 shares, compared to its average volume of 938,944. The stock has a market capitalization of $3.26 billion, a PE ratio of -69.73, a price-to-earnings-growth ratio of 4.45 and a beta of 0.42. Paycor HCM has a one year low of $10.92 and a one year high of $22.65. The business's 50-day moving average is $15.15 and its 200 day moving average is $13.75.

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.