Stifel Nicolaus Raises Paycor HCM (NASDAQ:PYCR) Price Target to $25.00

Paycor HCM (NASDAQ:PYCR - Get Free Report) had its price target raised by research analysts at Stifel Nicolaus from $22.00 to $25.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price objective would indicate a potential upside of 27.68% from the company's current price.

PYCR has been the subject of a number of other research reports. Stephens started coverage on shares of Paycor HCM in a research report on Wednesday, October 16th. They issued an "overweight" rating and a $18.00 target price for the company. Needham & Company LLC reiterated a "buy" rating and issued a $20.00 price objective on shares of Paycor HCM in a research note on Friday, November 22nd. Mizuho increased their target price on shares of Paycor HCM from $18.00 to $20.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Citigroup lifted their price target on shares of Paycor HCM from $15.00 to $16.00 and gave the company a "neutral" rating in a research report on Wednesday, September 25th. Finally, BMO Capital Markets raised Paycor HCM from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $19.00 to $24.00 in a research report on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, Paycor HCM has an average rating of "Moderate Buy" and a consensus target price of $20.56.

Paycor HCM Stock Performance

NASDAQ:PYCR traded down $0.58 during mid-day trading on Wednesday, hitting $19.58. 1,020,191 shares of the stock were exchanged, compared to its average volume of 936,645. The firm's 50-day simple moving average is $16.63 and its 200 day simple moving average is $14.31. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of -75.31, a price-to-earnings-growth ratio of 4.79 and a beta of 0.51. Paycor HCM has a fifty-two week low of $10.92 and a fifty-two week high of $22.35.

Insider Activity

In related news, Director Jeremy Rishel sold 3,723 shares of Paycor HCM stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total value of $52,196.46. Following the transaction, the director now owns 21,218 shares in the company, valued at $297,476.36. This trade represents a 14.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.39% of the stock is owned by company insiders.

Hedge Funds Weigh In On Paycor HCM

Several hedge funds and other institutional investors have recently modified their holdings of PYCR. CWM LLC increased its holdings in Paycor HCM by 950.7% during the second quarter. CWM LLC now owns 2,385 shares of the company's stock valued at $30,000 after buying an additional 2,158 shares during the last quarter. International Assets Investment Management LLC increased its holdings in 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 boosted its position in Paycor HCM by 29.4% during the third quarter. Covestor Ltd now owns 5,322 shares of the company's stock valued at $76,000 after purchasing an additional 1,210 shares in the last quarter. Quarry LP purchased a new stake in Paycor HCM in the second quarter valued at about $69,000. Finally, HighMark Wealth Management LLC raised its holdings in shares of Paycor HCM by 100.0% in the second quarter. HighMark Wealth Management LLC now owns 7,730 shares of the company's stock worth $98,000 after buying an additional 3,865 shares during the last quarter. Hedge funds and other institutional investors 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.