Paycor HCM (NASDAQ:PYCR) Sees Large Volume Increase - Still a Buy?

Shares of Paycor HCM, Inc. (NASDAQ:PYCR - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 3,646,912 shares were traded during mid-day trading, an increase of 144% from the previous session's volume of 1,493,296 shares.The stock last traded at $22.50 and had previously closed at $22.47.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. JPMorgan Chase & Co. restated an "underweight" rating and set a $22.50 target price (up previously from $21.00) on shares of Paycor HCM in a research report on Wednesday, January 22nd. Truist Financial reissued a "hold" rating and set a $22.50 price objective (up from $20.00) on shares of Paycor HCM in a report on Thursday, January 16th. TD Cowen lowered shares of Paycor HCM from a "strong-buy" rating to a "hold" rating in a report on Monday, January 20th. Stifel Nicolaus increased their target price on shares of Paycor HCM from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Finally, Stephens restated an "equal weight" rating and issued a $22.50 price target (up from $20.00) on shares of Paycor HCM in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $21.53.

Paycor HCM Trading Up 0.2 %

The company has a fifty day simple moving average of $22.29 and a two-hundred day simple moving average of $19.16. The stock has a market capitalization of $4.08 billion, a P/E ratio of -187.07, a PEG ratio of 3.84 and a beta of 0.50.

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

Institutional Investors Weigh In On Paycor HCM

A number of hedge funds have recently modified their holdings of PYCR. True Wealth Design LLC raised its holdings in Paycor HCM by 105.3% during the 4th quarter. True Wealth Design LLC now owns 1,357 shares of the company's stock worth $25,000 after buying an additional 696 shares during the period. MCF Advisors LLC acquired a new stake in shares of Paycor HCM in the 4th quarter valued at about $27,000. Tower Research Capital LLC TRC lifted its holdings in shares of Paycor HCM by 273.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,164 shares of the company's stock valued at $59,000 after purchasing an additional 2,317 shares in the last quarter. Blue Trust Inc. boosted its position 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 worth $64,000 after buying an additional 3,086 shares during the period. Finally, Sterling Capital Management LLC grew its holdings in shares of Paycor HCM by 71.4% during the fourth quarter. Sterling Capital Management LLC now owns 4,502 shares of the company's stock worth $84,000 after buying an additional 1,875 shares in the last quarter. Institutional investors and hedge funds 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.