Stifel Nicolaus Issues Positive Forecast for Paycor HCM (NASDAQ:PYCR) Stock Price

Paycor HCM (NASDAQ:PYCR) had its price objective increased by Stifel Nicolaus from $22.00 to $25.00 in a report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts also recently commented on the company. TD Cowen upgraded Paycor HCM from a “hold” rating to a “buy” rating and increased their target price for the company from $18.00 to $22.00 in a research note on Monday, December 2nd. Stephens initiated coverage on Paycor HCM in a research report on Wednesday, October 16th. They set an “overweight” rating and a $18.00 price objective for the company. Mizuho upped their price objective on Paycor HCM from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Citigroup increased their price target on Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $20.00 target price on shares of Paycor HCM in a report on Friday, November 22nd. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Paycor HCM has an average rating of “Moderate Buy” and an average target price of $20.56.

Paycor HCM Stock Down 2.9 %

NASDAQ:PYCR opened at $19.58 on Wednesday. Paycor HCM has a twelve month low of $10.92 and a twelve month high of $22.35. The firm’s fifty day simple moving average is $16.76 and its 200 day simple moving average is $14.35. The stock has a market cap of $3.52 billion, a P/E ratio of -75.31, a price-to-earnings-growth ratio of 4.79 and a beta of 0.51.

Insider Buying and Selling

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of the business’s stock in a transaction 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 sale, the director now directly 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On Paycor HCM

Large investors have recently modified their holdings of the stock. Franklin Resources Inc. increased its stake in Paycor HCM by 2.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company’s stock valued at $23,220,000 after buying an additional 46,127 shares during the last quarter. Barclays PLC boosted its position in shares of Paycor HCM by 50.8% during the 3rd quarter. Barclays PLC now owns 23,991 shares of the company’s stock worth $340,000 after acquiring an additional 8,079 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of Paycor HCM during the third quarter worth $912,000. Geode Capital Management LLC increased its holdings in Paycor HCM by 10.9% in the third quarter. Geode Capital Management LLC now owns 1,354,846 shares of the company’s stock valued at $19,231,000 after purchasing an additional 132,662 shares during the period. Finally, XTX Topco Ltd boosted its holdings in Paycor HCM by 27.7% in the third quarter. XTX Topco Ltd now owns 22,325 shares of the company’s stock valued at $317,000 after acquiring an additional 4,845 shares during the last quarter. 36.76% of the stock is currently owned by institutional investors and hedge funds.

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.