Paycor HCM (NASDAQ:PYCR) Lowered to Hold Rating by Citizens Jmp

Paycor HCM (NASDAQ:PYCR) was downgraded by equities researchers at Citizens Jmp from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Several other equities analysts have also recently weighed in on the stock. Stephens reiterated an “equal weight” rating and issued a $22.50 price objective (up previously from $20.00) on shares of Paycor HCM in a research note on Friday. Mizuho lifted their price target on shares of Paycor HCM from $20.00 to $22.50 and gave the stock a “neutral” rating in a research note on Wednesday. TD Cowen raised shares of Paycor HCM from a “hold” rating to a “buy” rating and boosted their price objective for the company from $18.00 to $22.00 in a research report on Monday, December 2nd. Stifel Nicolaus raised their target price on Paycor HCM from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Citigroup boosted their price target on Paycor HCM from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.91.

Paycor HCM Stock Performance

PYCR stock opened at $22.15 on Thursday. The company has a market cap of $3.98 billion, a price-to-earnings ratio of -85.19, a P/E/G ratio of 4.79 and a beta of 0.50. The business’s 50-day moving average is $18.68 and its two-hundred day moving average is $15.28. Paycor HCM has a fifty-two week low of $10.92 and a fifty-two week high of $23.49.

Insider Transactions at Paycor HCM

In other news, Director Jeremy Rishel sold 3,723 shares of Paycor HCM stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total value of $52,196.46. Following the sale, the director now directly owns 21,218 shares of the company’s stock, valued at approximately $297,476.36. The trade was a 14.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On Paycor HCM

Institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in shares of 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 worth $42,000 after acquiring an additional 2,846 shares in the last quarter. Quarry LP bought a new stake in Paycor HCM in the second quarter worth $69,000. Covestor Ltd raised its stake in Paycor HCM by 29.4% during the third quarter. Covestor Ltd now owns 5,322 shares of the company’s stock valued at $76,000 after purchasing an additional 1,210 shares in the last quarter. FMR LLC lifted its position in Paycor HCM by 93.9% during the third quarter. FMR LLC now owns 9,918 shares of the company’s stock valued at $141,000 after purchasing an additional 4,804 shares during the last quarter. Finally, Octavia Wealth Advisors LLC purchased a new position in shares of Paycor HCM in the 3rd quarter worth $143,000. Hedge funds and other 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.