Paycor HCM (NASDAQ:PYCR) Shares Gap Down - Time to Sell?

Paycor HCM, Inc. (NASDAQ:PYCR - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $22.86, but opened at $22.12. Paycor HCM shares last traded at $22.07, with a volume of 10,914,443 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on PYCR. The Goldman Sachs Group raised their target price on shares of Paycor HCM from $19.00 to $21.00 and gave the company a "neutral" rating in a report on Tuesday, November 26th. Citigroup upped their price objective on shares of Paycor HCM from $15.00 to $16.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 25th. Mizuho lifted their price objective on shares of Paycor HCM from $18.00 to $20.00 and gave the company a "neutral" rating in a report on Friday, December 13th. BMO Capital Markets raised Paycor HCM from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $19.00 to $24.00 in a research report on Thursday, December 12th. Finally, Stifel Nicolaus raised their target price on shares of Paycor HCM from $22.00 to $25.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $20.56.

Paycor HCM Stock Down 3.0 %

The firm has a market cap of $3.98 billion, a price-to-earnings ratio of -85.27, a price-to-earnings-growth ratio of 4.79 and a beta of 0.50. The stock has a fifty day moving average price of $18.27 and a 200-day moving average price of $15.11.

Insider Buying and Selling at Paycor HCM

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of the firm's stock in a transaction 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 completion of the transaction, the director now owns 21,218 shares of the company's stock, valued at approximately $297,476.36. This trade represents a 14.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.39% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Paycor HCM

Institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC grew its holdings in shares of Paycor HCM by 1,923.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,994 shares of the company's stock worth $42,000 after purchasing an additional 2,846 shares during the period. Covestor Ltd increased its holdings in Paycor HCM by 29.4% during the 3rd quarter. Covestor Ltd now owns 5,322 shares of the company's stock worth $76,000 after purchasing an additional 1,210 shares during the last quarter. Quarry LP acquired a new stake in shares of Paycor HCM during the second quarter worth approximately $69,000. FMR LLC increased its position in shares of Paycor HCM by 93.9% in the 3rd quarter. FMR LLC now owns 9,918 shares of the company's stock worth $141,000 after purchasing an additional 4,804 shares during the last quarter. Finally, Octavia Wealth Advisors LLC acquired a new stake in Paycor HCM during the third quarter valued at approximately $143,000. 36.76% of the stock is currently owned by institutional investors and hedge funds.

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.