Paycor HCM, Inc. (NASDAQ:PYCR) Given Average Rating of "Hold" by Brokerages

Shares of Paycor HCM, Inc. (NASDAQ:PYCR - Get Free Report) have earned an average recommendation of "Hold" from the sixteen research firms that are currently covering the firm, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $19.31.

A number of research firms have issued reports on PYCR. BMO Capital Markets lifted their price objective on shares of Paycor HCM from $15.00 to $19.00 and gave the stock a "market perform" rating in a report on Thursday, November 7th. Citigroup lifted their price objective on shares of Paycor HCM from $15.00 to $16.00 and gave the stock a "neutral" rating in a report on Wednesday, September 25th. Truist Financial lowered their target price on Paycor HCM from $33.00 to $20.00 and set a "buy" rating on the stock in a research note on Tuesday, August 13th. Needham & Company LLC reiterated a "buy" rating and set a $20.00 target price on shares of Paycor HCM in a research note on Friday, November 22nd. Finally, TD Cowen lifted their target price on Paycor HCM from $15.00 to $18.00 and gave the stock a "hold" rating in a research note on Thursday, November 7th.

Insider Activity at Paycor HCM

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of Paycor HCM stock in a transaction dated Wednesday, October 16th. The stock was 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 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 filing with the Securities & Exchange Commission, which is available through this link. 1.39% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Prevail Innovative Wealth Advisors LLC grew its holdings in Paycor HCM by 434.5% during the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 118,998 shares of the company's stock valued at $1,511,000 after buying an additional 96,736 shares in the last quarter. Comerica Bank grew its holdings in shares of Paycor HCM by 40.8% during the first quarter. Comerica Bank now owns 487,747 shares of the company's stock worth $9,482,000 after purchasing an additional 141,391 shares in the last quarter. ING Groep NV purchased a new position in shares of Paycor HCM during the third quarter worth about $4,615,000. Principal Financial Group Inc. purchased a new position in shares of Paycor HCM during the third quarter worth about $962,000. Finally, GSA Capital Partners LLP grew its holdings in shares of Paycor HCM by 75.6% during the third quarter. GSA Capital Partners LLP now owns 87,529 shares of the company's stock worth $1,242,000 after purchasing an additional 37,691 shares in the last quarter. Hedge funds and other institutional investors own 36.76% of the company's stock.

Paycor HCM Stock Performance

PYCR traded up $0.12 during mid-day trading on Thursday, reaching $18.13. 543,865 shares of the stock were exchanged, 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. The company has a 50 day moving average price of $15.15 and a two-hundred day moving average price of $13.75. Paycor HCM has a 1 year low of $10.92 and a 1 year high of $22.65.

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.