Paycor HCM (NASDAQ:PYCR) Stock Rating Upgraded by TD Cowen

TD Cowen upgraded shares of Paycor HCM (NASDAQ:PYCR) from a hold rating to a buy rating in a report issued on Monday, Marketbeat Ratings reports. They currently have $22.00 target price on the stock, up from their previous target price of $18.00.

Several other research firms also recently issued reports on PYCR. JPMorgan Chase & Co. cut their price objective on Paycor HCM from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. The Goldman Sachs Group upped their price target on shares of Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Jefferies Financial Group lifted their price objective 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. Truist Financial cut their target price on shares of Paycor HCM from $33.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Finally, BTIG Research decreased their target price on Paycor HCM from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Paycor HCM currently has an average rating of “Moderate Buy” and a consensus target price of $19.56.

Paycor HCM Stock Up 2.2 %

Shares of NASDAQ PYCR opened at $18.45 on Monday. Paycor HCM has a 52-week low of $10.92 and a 52-week high of $22.65. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of -72.27, a PEG ratio of 4.42 and a beta of 0.42. The stock’s fifty day simple moving average is $15.30 and its 200 day simple moving average is $13.80.

Insider Buying and Selling at Paycor HCM

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $297,476.36. This represents a 14.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.39% of the company’s stock.

Institutional Trading of Paycor HCM

Institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC raised its holdings in 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 period. International Assets Investment Management LLC grew its position in shares of Paycor HCM by 1,923.0% in the third quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock valued at $42,000 after purchasing an additional 2,846 shares during the last quarter. Quarry LP acquired a new stake in shares of Paycor HCM in the second quarter valued at about $69,000. Covestor Ltd increased its stake in shares of Paycor HCM by 29.4% in the third quarter. Covestor Ltd now owns 5,322 shares of the company’s stock worth $76,000 after purchasing an additional 1,210 shares during the period. Finally, HighMark Wealth Management LLC lifted its position in shares of Paycor HCM by 100.0% during the 2nd quarter. HighMark Wealth Management LLC now owns 7,730 shares of the company’s stock worth $98,000 after purchasing an additional 3,865 shares during the last quarter. 36.76% of the stock is currently owned by institutional investors and hedge funds.

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.