Paycor HCM (NASDAQ:PYCR) Price Target Raised to $20.00 at Mizuho

Paycor HCM (NASDAQ:PYCR) had its price objective lifted by Mizuho from $18.00 to $20.00 in a research report released on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages have also commented on PYCR. 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 note on Tuesday, November 26th. Jefferies Financial Group raised their price objective on Paycor HCM from $13.00 to $15.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Stephens began coverage on Paycor HCM in a report on Wednesday, October 16th. They issued an “overweight” rating and a $18.00 target price for the company. Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of Paycor HCM in a research note on Friday, November 22nd. Finally, BTIG Research cut their price target on Paycor HCM from $26.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Paycor HCM currently has an average rating of “Moderate Buy” and a consensus target price of $20.19.

Paycor HCM Trading Down 1.3 %

Paycor HCM stock opened at $19.98 on Friday. The stock has a market cap of $3.59 billion, a P/E ratio of -76.85, a price-to-earnings-growth ratio of 4.70 and a beta of 0.51. The company has a fifty day simple moving average of $16.35 and a 200-day simple moving average of $14.18. Paycor HCM has a 12-month low of $10.92 and a 12-month high of $22.65.

Insider Buying and Selling at Paycor HCM

In other news, Director Jeremy Rishel sold 3,723 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 21,218 shares of the company’s stock, valued at $297,476.36. The trade was a 14.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.39% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Paycor HCM

Several hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC raised its position in shares of Paycor HCM by 950.7% during the 2nd quarter. CWM LLC now owns 2,385 shares of the company’s stock worth $30,000 after purchasing an additional 2,158 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Paycor HCM by 1,923.0% in the third quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock valued at $42,000 after acquiring an additional 2,846 shares in the last quarter. Quarry LP acquired a new stake in shares of Paycor HCM during the second quarter valued at $69,000. Covestor Ltd increased its position in Paycor HCM by 29.4% during the 3rd quarter. Covestor Ltd now owns 5,322 shares of the company’s stock worth $76,000 after purchasing an additional 1,210 shares in the last quarter. Finally, HighMark Wealth Management LLC lifted its holdings in Paycor HCM by 100.0% in the 2nd quarter. HighMark Wealth Management LLC now owns 7,730 shares of the company’s stock valued at $98,000 after purchasing an additional 3,865 shares in the last quarter. 36.76% of the stock is owned by institutional investors and hedge funds.

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.