Paycor HCM (NASDAQ:PYCR) Price Target Raised to $21.00

Paycor HCM (NASDAQ:PYCR) had its price target lifted by The Goldman Sachs Group from $19.00 to $21.00 in a research note published on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

A number of other research analysts have also recently commented on the company. JPMorgan Chase & Co. dropped their price target on Paycor HCM from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price target on shares of Paycor HCM in a research report on Friday, November 22nd. TD Cowen boosted their price objective on shares of Paycor HCM from $15.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Stephens started coverage on shares of Paycor HCM in a research report on Wednesday, October 16th. They set an “overweight” rating and a $18.00 price target for the company. Finally, UBS Group dropped their price objective on Paycor HCM from $18.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, August 16th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.31.

Paycor HCM Stock Performance

Shares of Paycor HCM stock opened at $18.13 on Tuesday. Paycor HCM has a 52 week low of $10.92 and a 52 week high of $22.65. The stock has a 50 day moving average price of $15.15 and a two-hundred day moving average price of $13.75. The stock has a market capitalization of $3.26 billion, a PE ratio of -69.73, a price-to-earnings-growth ratio of 4.45 and a beta of 0.42.

Insider Buying and Selling at Paycor HCM

In related news, Director Jeremy Rishel sold 3,723 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total value of $52,196.46. Following the sale, the director now owns 21,218 shares in the company, valued at approximately $297,476.36. The trade was a 14.93 % decrease in their ownership of the stock. The sale 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 Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in Paycor HCM by 11.5% during the first quarter. Vanguard Group Inc. now owns 6,884,980 shares of the company’s stock valued at $133,844,000 after acquiring an additional 710,370 shares during the last quarter. Conestoga Capital Advisors LLC raised its position in Paycor HCM by 2.8% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 6,841,396 shares of the company’s stock worth $86,886,000 after purchasing an additional 184,255 shares during the period. Franklin Resources Inc. lifted its stake in Paycor HCM by 2.7% in the third quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company’s stock worth $23,220,000 after purchasing an additional 46,127 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of 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 buying an additional 192,633 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Paycor HCM by 10.9% in 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 period. Institutional investors own 36.76% of the company’s stock.

Paycor HCM Company Profile

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.