BMO Capital Markets Reiterates Market Perform Rating for Paycor HCM (NASDAQ:PYCR)

Paycor HCM (NASDAQ:PYCR)‘s stock had its “market perform” rating reaffirmed by BMO Capital Markets in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $22.50 target price on the stock, down from their previous target price of $24.00. BMO Capital Markets’ price target indicates a potential upside of 1.49% from the stock’s previous close.

Other analysts also recently issued reports about the stock. The Goldman Sachs Group upped their price objective on shares of Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. TD Cowen raised Paycor HCM from a “hold” rating to a “buy” rating and raised their price target for the company from $18.00 to $22.00 in a research report on Monday, December 2nd. JMP Securities reissued a “market outperform” rating and set a $30.00 price objective on shares of Paycor HCM in a research report on Monday. Jefferies Financial Group raised their target price on Paycor HCM from $13.00 to $15.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $20.00 price target on shares of Paycor HCM in a report on Monday. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $20.47.

Paycor HCM Stock Performance

PYCR opened at $22.17 on Wednesday. The firm has a market cap of $3.98 billion, a P/E ratio of -85.27, a price-to-earnings-growth ratio of 4.79 and a beta of 0.50. The business has a 50 day moving average price of $18.27 and a 200 day moving average price of $15.11. Paycor HCM has a twelve month low of $10.92 and a twelve month high of $23.49.

Insider Activity at Paycor HCM

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of the stock in a transaction on Wednesday, October 16th. The stock was 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 directly owns 21,218 shares in the company, valued at $297,476.36. This represents a 14.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.39% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Paycor HCM

Several large investors have recently made changes to their positions in PYCR. Bank of New York Mellon Corp lifted its holdings 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 last quarter. Marshall Wace LLP raised its stake in shares of Paycor HCM by 1,234.9% in the second quarter. Marshall Wace LLP now owns 370,985 shares of the company’s stock valued at $4,712,000 after acquiring an additional 343,194 shares during the last quarter. ING Groep NV acquired a new position in shares of Paycor HCM in the 3rd quarter worth approximately $4,615,000. Cubist Systematic Strategies LLC grew its position in Paycor HCM by 207.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 465,097 shares of the company’s stock worth $5,907,000 after acquiring an additional 313,851 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Paycor HCM by 1,047.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 321,504 shares of the company’s stock valued at $4,562,000 after purchasing an additional 293,487 shares in the last quarter. 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.