Paycor HCM, Inc. (NASDAQ:PYCR) Short Interest Update

Paycor HCM, Inc. (NASDAQ:PYCR - Get Free Report) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 4,350,000 shares, a drop of 16.5% from the November 15th total of 5,210,000 shares. Approximately 5.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 843,100 shares, the short-interest ratio is presently 5.2 days.

Insiders Place Their Bets

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of the firm'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 sale, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.39% of the stock is currently owned by company insiders.

Institutional Trading of Paycor HCM

Several large investors have recently added to or reduced their stakes in the stock. Conestoga Capital Advisors LLC boosted its position in shares of Paycor HCM by 2.8% in the second quarter. Conestoga Capital Advisors LLC now owns 6,841,396 shares of the company's stock worth $86,886,000 after buying an additional 184,255 shares during the period. Franklin Resources Inc. lifted its position in Paycor HCM by 2.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company's stock worth $23,220,000 after acquiring an additional 46,127 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Paycor HCM by 13.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company's stock worth $21,140,000 after acquiring an additional 192,633 shares in the last quarter. Geode Capital Management LLC boosted its holdings 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 acquiring an additional 132,662 shares during the period. Finally, Rockefeller Capital Management L.P. grew its position in Paycor HCM by 8.1% in the third quarter. Rockefeller Capital Management L.P. now owns 1,161,032 shares of the company's stock valued at $16,478,000 after acquiring an additional 86,745 shares in the last quarter. 36.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. 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 target price on the stock. Citigroup raised their price objective on Paycor HCM from $15.00 to $16.00 and gave the stock a "neutral" rating in a report on Wednesday, September 25th. Mizuho upped their target price on Paycor HCM from $18.00 to $20.00 and gave the company a "neutral" rating in a research note on Friday. Jefferies Financial Group increased their target price on Paycor HCM from $13.00 to $15.00 and gave the stock a "hold" rating in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group lifted their price target on Paycor HCM from $19.00 to $21.00 and gave the company a "neutral" rating in a report on Tuesday, November 26th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $20.19.

Paycor HCM Stock Down 1.3 %

Shares of Paycor HCM stock traded down $0.27 during trading hours on Friday, hitting $19.98. The company's stock had a trading volume of 780,427 shares, compared to its average volume of 938,119. The business has a fifty day moving average of $16.35 and a 200 day moving average of $14.19. Paycor HCM has a 1-year low of $10.92 and a 1-year high of $22.65. The company has a market capitalization of $3.59 billion, a PE ratio of -76.85, a P/E/G ratio of 4.70 and a beta of 0.51.

Paycor HCM Company Profile

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.