Paycor HCM (NASDAQ:PYCR) Price Target Raised to $20.00

Paycor HCM (NASDAQ:PYCR) had its price objective hoisted by Mizuho from $18.00 to $20.00 in a report released on Friday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other analysts have also recently weighed in on the stock. BMO Capital Markets raised shares of Paycor HCM from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $19.00 to $24.00 in a research report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of Paycor HCM in a research report on Friday, November 22nd. The Goldman Sachs Group upped their price target on shares of Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. UBS Group decreased their price target on shares of Paycor HCM from $18.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, August 16th. Finally, BTIG Research decreased their price objective on shares of Paycor HCM from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.19.

Paycor HCM Stock Down 1.3 %

PYCR stock opened at $19.98 on Friday. The company has a market cap of $3.59 billion, a price-to-earnings ratio of -76.85, a PEG ratio of 4.79 and a beta of 0.51. The business has a fifty day simple moving average of $16.35 and a 200-day simple moving average of $14.20. Paycor HCM has a 52 week low of $10.92 and a 52 week high of $22.65.

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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.39% of the stock is owned by company insiders.

Hedge Funds Weigh In On Paycor HCM

Hedge funds have recently modified their holdings of the company. CWM LLC lifted its position in shares of Paycor HCM by 950.7% during the 2nd quarter. CWM LLC now owns 2,385 shares of the company’s stock valued at $30,000 after acquiring an additional 2,158 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Paycor HCM by 226.5% during the 2nd quarter. SG Americas Securities LLC now owns 136,159 shares of the company’s stock valued at $1,729,000 after acquiring an additional 94,454 shares during the last quarter. Bank of New York Mellon Corp raised 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 valued at $7,722,000 after purchasing an additional 364,025 shares during the period. Conestoga Capital Advisors LLC raised its stake in Paycor HCM by 2.8% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 6,841,396 shares of the company’s stock valued at $86,886,000 after purchasing an additional 184,255 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Paycor HCM by 72.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,241 shares of the company’s stock valued at $244,000 after purchasing an additional 8,094 shares during the period. 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.