Paycor HCM (NASDAQ:PYCR - Get Free Report)'s stock had its "market outperform" rating reissued by equities research analysts at JMP Securities in a research report issued on Monday,Benzinga reports. They currently have a $30.00 price target on the stock. JMP Securities' price target would indicate a potential upside of 31.23% from the stock's current price.
Other equities research analysts also recently issued research reports about the stock. Mizuho lifted their price target on shares of Paycor HCM from $18.00 to $20.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. Jefferies Financial Group boosted their price target on Paycor HCM from $13.00 to $15.00 and gave the stock a "hold" rating in a research note on Tuesday, October 22nd. Needham & Company LLC restated a "buy" rating and set a $20.00 price objective on shares of Paycor HCM in a research note on Monday. Stifel Nicolaus lifted their price objective on Paycor HCM from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Finally, BMO Capital Markets upgraded Paycor HCM from a "market perform" rating to an "outperform" rating and increased their target price for the company from $19.00 to $24.00 in a research note on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $20.56.
Check Out Our Latest Research Report on Paycor HCM
Paycor HCM Trading Up 23.3 %
NASDAQ:PYCR traded up $4.32 during trading hours on Monday, hitting $22.86. The stock had a trading volume of 6,686,413 shares, compared to its average volume of 2,690,011. The company has a market cap of $4.11 billion, a PE ratio of -87.92, a price-to-earnings-growth ratio of 4.79 and a beta of 0.50. The business has a 50 day simple moving average of $18.12 and a two-hundred day simple moving average of $15.04. Paycor HCM has a 1-year low of $10.92 and a 1-year high of $23.49.
Insider Activity
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 value of $52,196.46. Following the sale, the director now directly owns 21,218 shares in the company, 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 can be accessed through this link. Corporate insiders own 1.39% of the company's stock.
Institutional Trading of Paycor HCM
A number of large investors have recently modified their holdings of PYCR. International Assets Investment Management LLC boosted its stake 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 valued at $42,000 after purchasing an additional 2,846 shares during the period. Covestor Ltd boosted its position in shares of Paycor HCM by 29.4% during the third quarter. Covestor Ltd now owns 5,322 shares of the company's stock worth $76,000 after buying an additional 1,210 shares during the period. Quarry LP bought a new position in Paycor HCM in the 2nd quarter worth approximately $69,000. FMR LLC grew its holdings in 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 buying an additional 4,804 shares in the last quarter. Finally, Octavia Wealth Advisors LLC acquired a new stake in Paycor HCM in the 3rd quarter valued at approximately $143,000. Institutional investors and hedge funds own 36.76% of the company's stock.
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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