Paycor HCM, Inc. (NASDAQ:PYCR) Sees Significant Decline in Short Interest

Paycor HCM, Inc. (NASDAQ:PYCR) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 2,310,000 shares, a decline of 19.8% from the January 31st total of 2,880,000 shares. Based on an average daily volume of 2,390,000 shares, the short-interest ratio is presently 1.0 days. Approximately 2.8% of the company’s shares are short sold.

Paycor HCM Price Performance

PYCR traded down $0.01 during trading hours on Thursday, hitting $22.35. 884,589 shares of the stock were exchanged, compared to its average volume of 1,398,043. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of -186.19, a price-to-earnings-growth ratio of 3.84 and a beta of 0.53. The stock has a 50-day simple moving average of $21.71 and a 200-day simple moving average of $17.84. Paycor HCM has a 12 month low of $10.92 and a 12 month high of $23.49.

Paycor HCM (NASDAQ:PYCR) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). Paycor HCM had a positive return on equity of 4.28% and a negative net margin of 3.06%. Sell-side analysts expect that Paycor HCM will post 0.3 EPS for the current year.

Hedge Funds Weigh In On Paycor HCM

Institutional investors have recently made changes to their positions in the stock. True Wealth Design LLC increased its position in Paycor HCM by 105.3% in the fourth quarter. True Wealth Design LLC now owns 1,357 shares of the company’s stock worth $25,000 after buying an additional 696 shares during the period. MCF Advisors LLC bought a new stake in Paycor HCM in the 4th quarter valued at about $27,000. International Assets Investment Management LLC boosted its stake in 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 purchasing an additional 2,846 shares during the period. Tower Research Capital LLC TRC boosted its stake in Paycor HCM by 273.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,164 shares of the company’s stock valued at $59,000 after purchasing an additional 2,317 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of Paycor HCM by 869.3% during the fourth quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock valued at $64,000 after buying an additional 3,086 shares during the last quarter. 36.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PYCR has been the topic of several research reports. Needham & Company LLC lowered shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a report on Wednesday, January 8th. Citigroup lifted their target price on shares of Paycor HCM from $21.00 to $22.50 and gave the company a “neutral” rating in a report on Thursday, January 16th. Truist Financial reissued a “hold” rating and issued a $22.50 price objective (up from $20.00) on shares of Paycor HCM in a research report on Thursday, January 16th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $22.50 target price (up previously from $21.00) on shares of Paycor HCM in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group lifted their price objective on shares of Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $21.53.

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.