Paycor HCM (NASDAQ:PYCR) Given New $21.00 Price Target at The Goldman Sachs Group

Paycor HCM (NASDAQ:PYCR) had its target price raised by The Goldman Sachs Group from $19.00 to $21.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential upside of 15.51% from the company’s previous close.

A number of other brokerages have also recently commented on PYCR. JPMorgan Chase & Co. reduced their price objective on Paycor HCM from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. Truist Financial decreased their price target on shares of Paycor HCM from $33.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Jefferies Financial Group raised their price objective on shares of Paycor HCM from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price objective on shares of Paycor HCM in a report on Friday. Finally, BMO Capital Markets upped their target price on shares of Paycor HCM from $15.00 to $19.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Paycor HCM presently has a consensus rating of “Hold” and a consensus price target of $19.31.

Paycor HCM Price Performance

Shares of PYCR opened at $18.18 on Tuesday. Paycor HCM has a one year low of $10.92 and a one year high of $22.65. The company has a market cap of $3.27 billion, a PE ratio of -69.92, a P/E/G ratio of 4.28 and a beta of 0.42. The stock has a 50-day moving average of $14.97 and a 200-day moving average of $13.69.

Insiders Place Their Bets

In other news, Director Jeremy Rishel sold 3,723 shares of Paycor HCM stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total transaction of $52,196.46. Following the completion of the sale, the director now owns 21,218 shares in the company, valued at approximately $297,476.36. This trade represents a 14.93 % decrease in their position. The sale was disclosed in a legal 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

Hedge funds have recently made changes to their positions in the stock. CWM LLC lifted its holdings in shares of Paycor HCM by 950.7% in the 2nd quarter. CWM LLC now owns 2,385 shares of the company’s stock worth $30,000 after acquiring an additional 2,158 shares during the last quarter. International Assets Investment Management LLC boosted its position in Paycor HCM by 1,923.0% during the third quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock valued at $42,000 after buying an additional 2,846 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Paycor HCM by 52.4% during the first quarter. Advisors Asset Management Inc. now owns 3,424 shares of the company’s stock valued at $67,000 after buying an additional 1,178 shares during the last quarter. Quarry LP purchased a new position in shares of Paycor HCM in the second quarter worth about $69,000. Finally, Covestor Ltd lifted its stake in shares of Paycor HCM by 29.4% in the 3rd quarter. Covestor Ltd now owns 5,322 shares of the company’s stock valued at $76,000 after acquiring an additional 1,210 shares during the last quarter. 36.76% of the stock is owned by institutional investors.

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.