Paycor HCM, Inc. (NASDAQ:PYCR) Short Interest Down 19.8% in February

Paycor HCM, Inc. (NASDAQ:PYCR - Get Free Report) was the recipient of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 2,310,000 shares, a decline of 19.8% from the January 31st total of 2,880,000 shares. Based on an average trading volume of 2,390,000 shares, the short-interest ratio is currently 1.0 days. Currently, 2.8% of the company's shares are sold short.

Hedge Funds Weigh In On Paycor HCM

Several institutional investors and hedge funds have recently made changes to their positions in the company. True Wealth Design LLC grew its position in Paycor HCM by 105.3% during the fourth quarter. True Wealth Design LLC now owns 1,357 shares of the company's stock worth $25,000 after buying an additional 696 shares in the last quarter. MCF Advisors LLC acquired a new stake in Paycor HCM during the fourth quarter worth approximately $27,000. International Assets Investment Management LLC boosted its holdings in shares of Paycor HCM by 1,923.0% in 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 in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Paycor HCM by 273.6% in the 4th 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. Finally, Blue Trust Inc. boosted its holdings in shares of Paycor HCM by 869.3% in the 4th quarter. Blue Trust Inc. now owns 3,441 shares of the company's stock valued at $64,000 after purchasing an additional 3,086 shares in the last quarter. Institutional investors and hedge funds own 36.76% of the company's stock.

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Wall Street Analysts Forecast Growth

PYCR has been the subject of several recent research reports. Stephens reaffirmed an "equal weight" rating and set a $22.50 price objective (up from $20.00) on shares of Paycor HCM in a research report on Friday, January 10th. Raymond James lowered Paycor HCM from a "moderate buy" rating to a "hold" rating in a report on Monday, January 13th. TD Cowen lowered Paycor HCM from a "strong-buy" rating to a "hold" rating in a report on Monday, January 20th. Robert W. Baird reiterated a "neutral" rating and set a $22.50 target price (down previously from $28.00) on shares of Paycor HCM in a report on Friday, February 7th. Finally, The Goldman Sachs Group upped their target price on Paycor HCM from $19.00 to $21.00 and gave the stock a "neutral" rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $21.53.

Paycor HCM Stock Down 0.0 %

Shares of Paycor HCM stock traded down $0.01 on Friday, hitting $22.33. The stock had a trading volume of 2,421,639 shares, compared to its average volume of 1,403,499. Paycor HCM has a twelve month low of $10.92 and a twelve month high of $23.49. The business's 50 day moving average is $21.77 and its two-hundred day moving average is $17.87. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of -186.07, a price-to-earnings-growth ratio of 3.84 and a beta of 0.53.

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

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.