Short Interest in Paycor HCM, Inc. (NASDAQ:PYCR) Drops By 35.3%

Paycor HCM, Inc. (NASDAQ:PYCR - Get Free Report) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 2,880,000 shares, a decrease of 35.3% from the January 15th total of 4,450,000 shares. Based on an average trading volume of 2,250,000 shares, the days-to-cover ratio is presently 1.3 days. Approximately 3.5% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PYCR shares. Raymond James lowered shares of Paycor HCM from a "moderate buy" rating to a "hold" rating in a research report on Monday, January 13th. Truist Financial restated a "hold" rating and issued a $22.50 price target (up from $20.00) on shares of Paycor HCM in a research note on Thursday, January 16th. BMO Capital Markets reiterated a "market perform" rating and issued a $22.50 price objective (down previously from $24.00) on shares of Paycor HCM in a report on Wednesday, January 8th. Citizens Jmp lowered shares of Paycor HCM from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 9th. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $22.50 price objective (down previously from $28.00) on shares of Paycor HCM in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $21.53.

Paycor HCM Stock Performance

PYCR remained flat at $22.19 during midday trading on Friday. The company's stock had a trading volume of 1,367,397 shares, compared to its average volume of 2,803,932. The stock has a market capitalization of $4.03 billion, a P/E ratio of -184.90, a P/E/G ratio of 4.20 and a beta of 0.53. Paycor HCM has a 1-year low of $10.92 and a 1-year high of $23.49. The company's 50-day moving average is $21.02 and its two-hundred day moving average is $16.91.

Paycor HCM (NASDAQ:PYCR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.04). Paycor HCM had a negative net margin of 3.06% and a positive return on equity of 4.29%. On average, research analysts expect that Paycor HCM will post 0.29 EPS for the current year.

Hedge Funds Weigh In On Paycor HCM

Institutional investors have recently added to or reduced their stakes in the company. MCF Advisors LLC bought a new position in shares of Paycor HCM during the fourth quarter valued at $27,000. International Assets Investment Management LLC increased its holdings in shares of Paycor HCM by 1,923.0% during the third quarter. International Assets Investment Management LLC now owns 2,994 shares of the company's stock valued at $42,000 after acquiring an additional 2,846 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Paycor HCM by 273.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,164 shares of the company's stock valued at $59,000 after acquiring an additional 2,317 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Paycor HCM by 869.3% during the fourth quarter. Blue Trust Inc. now owns 3,441 shares of the company's stock valued at $64,000 after acquiring an additional 3,086 shares in the last quarter. Finally, Covestor Ltd increased its holdings in shares of Paycor HCM by 29.4% during the third quarter. Covestor Ltd now owns 5,322 shares of the company's stock valued at $76,000 after acquiring an additional 1,210 shares in the last quarter. Institutional investors own 36.76% of the company's stock.

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.