Paycor HCM (NASDAQ:PYCR) Raised to “Outperform” at BMO Capital Markets

BMO Capital Markets upgraded shares of Paycor HCM (NASDAQ:PYCR) from a market perform rating to an outperform rating in a report issued on Thursday, Marketbeat reports. They currently have $24.00 price objective on the stock, up from their prior price objective of $19.00.

PYCR has been the subject of several other reports. Citigroup lifted their price target on Paycor HCM from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. The Goldman Sachs Group raised their price target on shares of Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. TD Cowen raised Paycor HCM from a “hold” rating to a “buy” rating and increased their price objective for the company from $18.00 to $22.00 in a report on Monday, December 2nd. Stephens assumed coverage on Paycor HCM in a research report on Wednesday, October 16th. They set an “overweight” rating and a $18.00 target price for the company. Finally, Stifel Nicolaus dropped their price target on shares of Paycor HCM from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.19.

Paycor HCM Trading Down 1.3 %

Shares of NASDAQ:PYCR opened at $19.98 on Thursday. The business has a fifty day simple moving average of $16.35 and a 200 day simple moving average of $14.19. Paycor HCM has a 1 year low of $10.92 and a 1 year high of $22.65. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of -76.85, a P/E/G ratio of 4.70 and a beta of 0.51.

Insiders Place Their Bets

In related news, Director Jeremy Rishel sold 3,723 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On Paycor HCM

Several large investors have recently added to or reduced their stakes in PYCR. CWM LLC increased its holdings in Paycor HCM by 950.7% in the 2nd quarter. CWM LLC now owns 2,385 shares of the company’s stock valued at $30,000 after buying an additional 2,158 shares during the period. International Assets Investment Management LLC boosted its position in shares of Paycor HCM by 1,923.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock valued at $42,000 after acquiring an additional 2,846 shares in the last quarter. Quarry LP bought a new stake in Paycor HCM in the second quarter valued at about $69,000. Covestor Ltd raised its position in 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 in the last quarter. Finally, HighMark Wealth Management LLC lifted its stake in Paycor HCM by 100.0% during the second 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 period. Institutional investors and hedge funds 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.