Paycor HCM (NASDAQ:PYCR) Given “Market Perform” Rating at BMO Capital Markets

BMO Capital Markets reiterated their market perform rating on shares of Paycor HCM (NASDAQ:PYCR) in a research note issued to investors on Wednesday, Marketbeat.com reports. They currently have a $22.50 price objective on the stock, down from their prior price objective of $24.00.

Other equities research analysts also recently issued research reports about the company. Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of Paycor HCM in a research report on Monday. The Goldman Sachs Group increased 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. Stephens initiated coverage on shares of Paycor HCM in a report on Wednesday, October 16th. They issued an “overweight” rating and a $18.00 price objective for the company. Mizuho increased their target price 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. Finally, TD Cowen raised shares of Paycor HCM from a “hold” rating to a “buy” rating and boosted their price target for the stock from $18.00 to $22.00 in a research note on Monday, December 2nd. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.63.

Paycor HCM Price Performance

Shares of NASDAQ:PYCR opened at $22.17 on Wednesday. The company’s fifty day moving average price is $18.41 and its 200-day moving average price is $15.16. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of -85.27, a PEG ratio of 4.79 and a beta of 0.50. Paycor HCM has a one year low of $10.92 and a one year high of $23.49.

Insider Activity

In other news, Director Jeremy Rishel sold 3,723 shares of Paycor HCM 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 sale, the director now owns 21,218 shares of the company’s stock, valued at approximately $297,476.36. The trade was a 14.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.39% of the company’s stock.

Institutional Trading of Paycor HCM

Institutional investors and hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. raised its position in shares of Paycor HCM by 2.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company’s stock worth $23,220,000 after acquiring an additional 46,127 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Paycor HCM by 13.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company’s stock worth $21,140,000 after purchasing an additional 192,633 shares during the period. Geode Capital Management LLC raised its holdings in Paycor HCM by 10.9% in 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 in the last quarter. Rockefeller Capital Management L.P. lifted its position in Paycor HCM by 8.1% during the third quarter. Rockefeller Capital Management L.P. now owns 1,161,032 shares of the company’s stock valued at $16,478,000 after buying an additional 86,745 shares during the period. Finally, State Street Corp boosted its holdings in shares of Paycor HCM by 5.2% during the 3rd quarter. State Street Corp now owns 1,111,032 shares of the company’s stock valued at $15,766,000 after buying an additional 54,834 shares in the last quarter. 36.76% of the stock is currently owned by hedge funds and other institutional investors.

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.