Paycor HCM, Inc. (NASDAQ:PYCR - Get Free Report) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 3,140,000 shares, a growth of 35.9% from the February 13th total of 2,310,000 shares. Based on an average daily volume of 2,750,000 shares, the days-to-cover ratio is presently 1.1 days. Currently, 3.8% of the shares of the stock are short sold.
Paycor HCM Price Performance
NASDAQ PYCR traded down $0.01 on Thursday, hitting $22.38. 1,277,810 shares of the stock were exchanged, compared to its average volume of 1,446,346. The company's 50-day moving average price is $22.22 and its two-hundred day moving average price is $18.43. Paycor HCM has a 52-week low of $10.92 and a 52-week high of $23.49. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of -186.48, a P/E/G ratio of 3.84 and a beta of 0.53.
Paycor HCM (NASDAQ:PYCR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates 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%. Equities analysts predict that Paycor HCM will post 0.3 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have commented on PYCR. TD Cowen downgraded shares of Paycor HCM from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 20th. Stifel Nicolaus raised their price objective 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. Baird R W downgraded Paycor HCM from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. Stephens reiterated an "equal weight" rating and set a $22.50 price target (up from $20.00) on shares of Paycor HCM in a research report on Friday, January 10th. Finally, Citigroup upped their price objective on Paycor HCM from $21.00 to $22.50 and gave the company a "neutral" rating in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $21.53.
Check Out Our Latest Report on Paycor HCM
Hedge Funds Weigh In On Paycor HCM
A number of large investors have recently made changes to their positions in the business. Principal Financial Group Inc. purchased a new position in Paycor HCM during the third quarter valued at approximately $962,000. ING Groep NV acquired a new stake in shares of Paycor HCM during the 3rd quarter valued at $4,615,000. Natixis Advisors LLC boosted its stake in shares of Paycor HCM by 47.5% during the 3rd quarter. Natixis Advisors LLC now owns 61,456 shares of the company's stock valued at $872,000 after buying an additional 19,803 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Paycor HCM by 1,047.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 321,504 shares of the company's stock valued at $4,562,000 after acquiring an additional 293,487 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Paycor HCM by 28.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 488,779 shares of the company's stock worth $6,936,000 after acquiring an additional 108,602 shares during the last quarter. 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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