Paycor HCM, Inc. (NASDAQ:PYCR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Paycor HCM, Inc. (NASDAQ:PYCR) have earned a consensus rating of “Moderate Buy” from the sixteen analysts that are covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $20.56.

PYCR has been the topic of several analyst reports. The Goldman Sachs Group upped their price objective on Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Mizuho upped their price target on Paycor HCM from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. TD Cowen upgraded shares of Paycor HCM from a “hold” rating to a “buy” rating and boosted their target price for the company from $18.00 to $22.00 in a research note on Monday, December 2nd. Jefferies Financial Group increased their target price on shares of Paycor HCM from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, Citigroup boosted their price target on shares of Paycor HCM from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th.

Paycor HCM Stock Performance

Shares of Paycor HCM stock opened at $19.07 on Monday. Paycor HCM has a twelve month low of $10.92 and a twelve month high of $21.99. The firm has a market cap of $3.43 billion, a P/E ratio of -73.35, a price-to-earnings-growth ratio of 4.79 and a beta of 0.51. The firm’s 50-day simple moving average is $17.53 and its 200-day simple moving average is $14.68.

Insider Activity

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total transaction of $52,196.46. Following the transaction, the director now directly owns 21,218 shares in the company, valued at approximately $297,476.36. This represents a 14.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.39% of the company’s stock.

Institutional Investors Weigh In On Paycor HCM

A number of institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. acquired a new stake in Paycor HCM during the 3rd quarter worth $962,000. Franklin Resources Inc. increased its holdings in Paycor HCM by 2.7% in the third quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company’s stock valued at $23,220,000 after purchasing an additional 46,127 shares during the last quarter. Barclays PLC increased its holdings in Paycor HCM by 50.8% in the third quarter. Barclays PLC now owns 23,991 shares of the company’s stock valued at $340,000 after purchasing an additional 8,079 shares during the last quarter. Neo Ivy Capital Management acquired a new position in Paycor HCM in the third quarter valued at about $912,000. Finally, Geode Capital Management LLC boosted its holdings in Paycor HCM by 10.9% during the third quarter. Geode Capital Management LLC now owns 1,354,846 shares of the company’s stock worth $19,231,000 after buying an additional 132,662 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.