Paycor HCM (NASDAQ:PYCR) Price Target Raised to $25.00

Paycor HCM (NASDAQ:PYCR) had its price target lifted by Stifel Nicolaus from $22.00 to $25.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts also recently issued reports about the stock. Stephens initiated coverage on shares of Paycor HCM in a research note on Wednesday, October 16th. They issued an “overweight” rating and a $18.00 target price on the stock. Mizuho upped their price target on shares of Paycor HCM from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, December 13th. BMO Capital Markets upgraded Paycor HCM from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $19.00 to $24.00 in a research report on Thursday, December 12th. Citigroup upped their target price on Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Finally, Jefferies Financial Group lifted their target price on shares of Paycor HCM from $13.00 to $15.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.56.

Paycor HCM Stock Down 2.9 %

PYCR opened at $19.58 on Wednesday. Paycor HCM has a twelve month low of $10.92 and a twelve month high of $22.35. The company’s 50-day moving average price is $16.76 and its two-hundred day moving average price is $14.35. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of -75.31, a PEG ratio of 4.79 and a beta of 0.51.

Insider Activity at Paycor HCM

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total transaction of $52,196.46. Following the completion of the transaction, the director now owns 21,218 shares in the company, valued at $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 is available at this link. 1.39% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Franklin Resources Inc. boosted its holdings in Paycor HCM by 2.7% during the third quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company’s stock worth $23,220,000 after buying an additional 46,127 shares during the last quarter. Barclays PLC grew its stake in Paycor HCM by 50.8% in the 3rd quarter. Barclays PLC now owns 23,991 shares of the company’s stock valued at $340,000 after buying an additional 8,079 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in Paycor HCM in the 3rd quarter worth about $912,000. Geode Capital Management LLC lifted its position in Paycor HCM by 10.9% during the third quarter. Geode Capital Management LLC now owns 1,354,846 shares of the company’s stock worth $19,231,000 after purchasing an additional 132,662 shares during the period. Finally, XTX Topco Ltd lifted its position in shares of Paycor HCM by 27.7% during the 3rd quarter. XTX Topco Ltd now owns 22,325 shares of the company’s stock worth $317,000 after buying an additional 4,845 shares during the last quarter. Institutional investors and hedge funds own 36.76% of the company’s stock.

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.