Mizuho Raises Paycor HCM (NASDAQ:PYCR) Price Target to $22.50

Paycor HCM (NASDAQ:PYCR) had its price target lifted by Mizuho from $20.00 to $22.50 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research firms also recently commented on PYCR. The Goldman Sachs Group upped their target price on Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. JMP Securities restated a “market outperform” rating and issued a $30.00 price target on shares of Paycor HCM in a research report on Monday. TD Cowen raised shares of Paycor HCM from a “hold” rating to a “buy” rating and upped their price objective for the stock from $18.00 to $22.00 in a research report on Monday, December 2nd. Jefferies Financial Group raised 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. Finally, Stephens began coverage on shares of Paycor HCM in a report on Wednesday, October 16th. They set an “overweight” rating and a $18.00 price target for the company. Eight research 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.63.

Paycor HCM Stock Performance

Shares of PYCR stock opened at $22.17 on Wednesday. Paycor HCM has a 52 week low of $10.92 and a 52 week high of $23.49. The company 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. The company has a 50-day simple moving average of $18.41 and a 200 day simple moving average of $15.16.

Insider Transactions at Paycor HCM

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of the stock in a transaction that occurred on 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 sale, the director now owns 21,218 shares of the company’s stock, valued at approximately $297,476.36. This represents a 14.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.39% of the stock is owned by company insiders.

Hedge Funds Weigh In On Paycor HCM

A number of hedge funds have recently bought and sold shares of PYCR. Franklin Resources Inc. grew its holdings in Paycor HCM by 2.7% during 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 during the period. Dimensional Fund Advisors LP grew its position in shares of Paycor HCM by 13.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company’s stock worth $21,140,000 after buying an additional 192,633 shares during the period. Geode Capital Management LLC lifted its position in shares of Paycor HCM by 10.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,354,846 shares of the company’s stock valued at $19,231,000 after acquiring an additional 132,662 shares during the period. Rockefeller Capital Management L.P. boosted its stake 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 worth $16,478,000 after acquiring an additional 86,745 shares in the last quarter. Finally, State Street Corp grew its holdings in Paycor HCM by 5.2% in the third quarter. State Street Corp now owns 1,111,032 shares of the company’s stock worth $15,766,000 after purchasing an additional 54,834 shares during the period. 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.