Paycor HCM (NASDAQ:PYCR - Get Free Report) had its price target increased by equities research analysts at The Goldman Sachs Group from $19.00 to $21.00 in a report released on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the stock. The Goldman Sachs Group's price target points to a potential upside of 16.60% from the company's current price.
A number of other equities analysts have also recently weighed in on PYCR. Citigroup raised their price objective on Paycor HCM from $15.00 to $16.00 and gave the company a "neutral" rating in a report on Wednesday, September 25th. Stephens initiated coverage on Paycor HCM in a report on Wednesday, October 16th. They set an "overweight" rating and a $18.00 price objective on the stock. Needham & Company LLC reissued a "buy" rating and set a $20.00 price objective on shares of Paycor HCM in a report on Friday. Truist Financial decreased their price objective on Paycor HCM from $33.00 to $20.00 and set a "buy" rating on the stock in a report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. decreased their price objective on Paycor HCM from $19.00 to $17.00 and set a "neutral" rating on the stock in a report on Thursday, August 15th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $19.31.
View Our Latest Analysis on PYCR
Paycor HCM Price Performance
Shares of NASDAQ:PYCR traded down $0.17 on Tuesday, hitting $18.01. The company's stock had a trading volume of 890,051 shares, compared to its average volume of 940,667. The company has a 50-day simple moving average of $14.97 and a 200 day simple moving average of $13.69. 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 $3.24 billion, a PE ratio of -69.27, a PEG ratio of 4.28 and a beta of 0.42.
Insider Transactions at Paycor HCM
In related news, Director Jeremy Rishel sold 3,723 shares of Paycor HCM stock in a transaction that occurred on Wednesday, October 16th. The stock was 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 in the company, valued at $297,476.36. The trade was a 14.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.39% of the company's stock.
Institutional Investors Weigh In On Paycor HCM
Several hedge funds have recently made changes to their positions in the company. Prevail Innovative Wealth Advisors LLC raised its stake in Paycor HCM by 434.5% during the second 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 during the last quarter. Comerica Bank raised its stake in Paycor HCM by 40.8% during the first quarter. Comerica Bank now owns 487,747 shares of the company's stock valued at $9,482,000 after buying an additional 141,391 shares during the last quarter. ING Groep NV purchased a new position in Paycor HCM during the third quarter valued at $4,615,000. Principal Financial Group Inc. purchased a new position in Paycor HCM during the third quarter valued at $962,000. Finally, GSA Capital Partners LLP raised its stake in Paycor HCM by 75.6% during the third quarter. GSA Capital Partners LLP now owns 87,529 shares of the company's stock valued at $1,242,000 after buying an additional 37,691 shares during the last quarter. 36.76% of the stock is currently owned by institutional investors.
About Paycor HCM
(
Get Free Report)
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.
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