Mizuho Issues Positive Forecast for Paycor HCM (NASDAQ:PYCR) Stock Price

Paycor HCM (NASDAQ:PYCR - Free Report) had its target price hoisted by Mizuho from $18.00 to $20.00 in a research report released on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other brokerages also recently issued reports on PYCR. BMO Capital Markets upgraded Paycor HCM from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $19.00 to $24.00 in a report on Thursday. The Goldman Sachs Group upped their price objective on shares of Paycor HCM from $19.00 to $21.00 and gave the stock a "neutral" rating in a report on Tuesday, November 26th. Citigroup raised 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. BTIG Research reduced their price target on Paycor HCM from $26.00 to $20.00 and set a "buy" rating on the stock in a research note on Thursday, August 15th. Finally, Stephens began coverage on shares of Paycor HCM in a report on Wednesday, October 16th. They set an "overweight" rating and a $18.00 target price on the stock. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.19.

Paycor HCM Stock Down 1.3 %

Shares of Paycor HCM stock traded down $0.27 on Friday, hitting $19.98. The stock had a trading volume of 773,304 shares, compared to its average volume of 938,025. Paycor HCM has a one year low of $10.92 and a one year high of $22.65. The stock's 50-day simple moving average is $16.23 and its two-hundred day simple moving average is $14.13. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of -77.88, a PEG ratio of 4.70 and a beta of 0.51.

Insider Buying and Selling at Paycor HCM

In related news, Director Jeremy Rishel sold 3,723 shares of the business's stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total value of $52,196.46. Following the transaction, the director now directly owns 21,218 shares of the company's stock, valued at approximately $297,476.36. The trade was 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 corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Franklin Resources Inc. lifted its stake in shares of 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 last quarter. Barclays PLC boosted its stake in Paycor HCM by 50.8% during the third quarter. Barclays PLC now owns 23,991 shares of the company's stock worth $340,000 after buying an additional 8,079 shares during the period. Neo Ivy Capital Management bought a new position in Paycor HCM during the third quarter valued at $912,000. Geode Capital Management LLC raised its stake in shares of Paycor HCM by 10.9% in the third quarter. Geode Capital Management LLC now owns 1,354,846 shares of the company's stock valued at $19,231,000 after acquiring an additional 132,662 shares during the period. Finally, XTX Topco Ltd lifted its holdings in shares of Paycor HCM by 27.7% in the 3rd quarter. XTX Topco Ltd now owns 22,325 shares of the company's stock worth $317,000 after acquiring an additional 4,845 shares during the last quarter. 36.76% of the stock is owned by hedge funds and other institutional investors.

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.