Paycor HCM (NASDAQ:PYCR) Receives “Market Outperform” Rating from JMP Securities

JMP Securities reiterated their market outperform rating on shares of Paycor HCM (NASDAQ:PYCR) in a research note issued to investors on Monday,Benzinga reports. The firm currently has a $30.00 price target on the stock.

Other equities analysts also recently issued reports about the stock. BMO Capital Markets raised shares of Paycor HCM from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $19.00 to $24.00 in a research note on Thursday, December 12th. Stifel Nicolaus lifted their price target on shares of Paycor HCM from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group increased their price objective on Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of Paycor HCM in a research report on Monday. Finally, Stephens initiated coverage on Paycor HCM in a research note on Wednesday, October 16th. They issued an “overweight” rating and a $18.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Paycor HCM presently has an average rating of “Moderate Buy” and a consensus price target of $20.56.

Paycor HCM Stock Up 23.3 %

NASDAQ PYCR opened at $22.86 on Monday. The business’s fifty day simple moving average is $18.12 and its 200-day simple moving average is $15.04. The firm has a market cap of $4.11 billion, a PE ratio of -87.92, a P/E/G ratio of 4.79 and a beta of 0.50. Paycor HCM has a 52 week low of $10.92 and a 52 week high of $23.49.

Insider Buying and Selling at Paycor HCM

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 21,218 shares of the company’s stock, valued at $297,476.36. This trade represents a 14.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.39% of the stock is currently owned by corporate insiders.

Institutional Trading of Paycor HCM

A number of large investors have recently modified their holdings of PYCR. Bank of New York Mellon Corp grew its stake in Paycor HCM by 149.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 607,996 shares of the company’s stock worth $7,722,000 after purchasing an additional 364,025 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Paycor HCM by 72.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,241 shares of the company’s stock worth $244,000 after buying an additional 8,094 shares during the period. Rhumbline Advisers raised its holdings in Paycor HCM by 2.3% in the second quarter. Rhumbline Advisers now owns 67,959 shares of the company’s stock valued at $863,000 after acquiring an additional 1,560 shares in the last quarter. Quest Partners LLC lifted its stake in Paycor HCM by 451.3% in the second quarter. Quest Partners LLC now owns 35,892 shares of the company’s stock worth $456,000 after acquiring an additional 29,381 shares during the last quarter. Finally, Choreo LLC acquired a new position in Paycor HCM during the 2nd quarter worth approximately $150,000. Hedge funds and other 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.