Paycor HCM, Inc. (NASDAQ:PYCR) Sees Large Increase in Short Interest

Paycor HCM, Inc. (NASDAQ:PYCR - Get Free Report) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 5,140,000 shares, a growth of 63.7% from the February 28th total of 3,140,000 shares. Currently, 6.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,830,000 shares, the days-to-cover ratio is presently 1.8 days.

Paycor HCM Trading Up 0.1 %

Shares of NASDAQ PYCR traded up $0.03 during trading on Wednesday, reaching $22.50. The company had a trading volume of 4,558,476 shares, compared to its average volume of 1,496,799. The stock has a market capitalization of $4.09 billion, a PE ratio of -187.48, a price-to-earnings-growth ratio of 3.84 and a beta of 0.53. Paycor HCM has a twelve month low of $10.92 and a twelve month high of $23.49. The stock has a 50-day moving average price of $22.27 and a two-hundred day moving average price of $18.97.

Paycor HCM (NASDAQ:PYCR - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.04). Paycor HCM had a negative net margin of 3.06% and a positive return on equity of 4.28%. On average, sell-side analysts predict that Paycor HCM will post 0.3 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PYCR. Needham & Company LLC lowered Paycor HCM from a "moderate buy" rating to a "hold" rating in a report on Wednesday, January 8th. Stephens reaffirmed an "equal weight" rating and set a $22.50 price target (up from $20.00) on shares of Paycor HCM in a research note on Friday, January 10th. 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. TD Cowen downgraded shares of Paycor HCM from a "strong-buy" rating to a "hold" rating in a report on Monday, January 20th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Paycor HCM in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $21.53.

Hedge Funds Weigh In On Paycor HCM

Several institutional investors and hedge funds have recently modified their holdings of the company. True Wealth Design LLC raised its holdings in Paycor HCM by 105.3% in the 4th quarter. True Wealth Design LLC now owns 1,357 shares of the company's stock valued at $25,000 after acquiring an additional 696 shares during the last quarter. Stifel Financial Corp grew its position in shares of Paycor HCM by 7.8% in the third quarter. Stifel Financial Corp now owns 13,498 shares of the company's stock valued at $192,000 after purchasing an additional 981 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Paycor HCM by 6.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 19,572 shares of the company's stock valued at $363,000 after purchasing an additional 1,237 shares during the period. MCF Advisors LLC acquired a new position in Paycor HCM in the fourth quarter valued at $27,000. Finally, Public Employees Retirement System of Ohio lifted its position in Paycor HCM by 6.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 28,098 shares of the company's stock worth $522,000 after buying an additional 1,740 shares during the period. Hedge funds and other institutional investors own 36.76% of the company's stock.

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.