Paycor HCM (NASDAQ:PYCR) Receives "Equal Weight" Rating from Stephens

Paycor HCM (NASDAQ:PYCR - Get Free Report)'s stock had its "equal weight" rating restated by research analysts at Stephens in a report issued on Friday,Benzinga reports. They presently have a $22.50 price objective on the stock, up from their previous price objective of $20.00. Stephens' price objective points to a potential upside of 1.58% from the company's current price.

A number of other equities analysts have also weighed in on the company. Mizuho increased their target price on Paycor HCM from $20.00 to $22.50 and gave the stock a "neutral" rating in a research note on Wednesday. BMO Capital Markets reiterated a "market perform" rating and set a $22.50 target price (down previously from $24.00) on shares of Paycor HCM in a research note on Wednesday. JMP Securities reiterated a "market outperform" rating and set a $30.00 target price on shares of Paycor HCM in a research note on Monday. Stifel Nicolaus increased their price target on Paycor HCM from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $20.00 target price on shares of Paycor HCM in a report on Monday. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $20.91.

Paycor HCM Trading Down 0.1 %

NASDAQ:PYCR traded down $0.02 on Friday, hitting $22.15. The company's stock had a trading volume of 5,473,541 shares, compared to its average volume of 9,160,590. The stock has a fifty day moving average of $18.68 and a two-hundred day moving average of $15.28. The firm has a market capitalization of $3.98 billion, a P/E ratio of -85.19, a price-to-earnings-growth ratio of 4.79 and a beta of 0.50. Paycor HCM has a one year low of $10.92 and a one year high of $23.49.

Insider Buying and Selling

In other news, Director Jeremy Rishel sold 3,723 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total transaction of $52,196.46. Following the sale, the director now owns 21,218 shares in the company, valued at $297,476.36. This represents a 14.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.39% of the stock is owned by insiders.

Institutional Investors Weigh In On Paycor HCM

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP raised its position in shares of Paycor HCM by 1,234.9% during the 2nd quarter. Marshall Wace LLP now owns 370,985 shares of the company's stock valued at $4,712,000 after buying an additional 343,194 shares in the last quarter. ING Groep NV bought a new position in shares of Paycor HCM during the third quarter valued at approximately $4,615,000. Cubist Systematic Strategies LLC lifted its position in Paycor HCM by 207.5% during the second quarter. Cubist Systematic Strategies LLC now owns 465,097 shares of the company's stock valued at $5,907,000 after acquiring an additional 313,851 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Paycor HCM by 1,047.5% during the third 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 during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Paycor HCM by 13.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company's stock valued at $21,140,000 after acquiring an additional 192,633 shares during the last quarter. Hedge funds and other institutional investors own 36.76% of the company's stock.

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.