Stephens Reiterates “Equal Weight” Rating for Paycor HCM (NASDAQ:PYCR)

Paycor HCM (NASDAQ:PYCR)‘s stock had its “equal weight” rating reaffirmed by stock analysts at Stephens in a research report issued on Friday,Benzinga reports. They presently have a $22.50 target price on the stock, up from their prior target price of $20.00. Stephens’ target price points to a potential upside of 1.44% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. BMO Capital Markets reiterated a “market perform” rating and issued a $22.50 price target (down from $24.00) on shares of Paycor HCM in a report on Wednesday. Stifel Nicolaus boosted their target price on shares of Paycor HCM from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Citigroup raised their price target on shares of Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. 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. Finally, The Goldman Sachs Group lifted 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. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $20.91.

Paycor HCM Trading Up 0.0 %

Shares of NASDAQ:PYCR traded up $0.01 during mid-day trading on Friday, reaching $22.18. The stock had a trading volume of 3,475,985 shares, compared to its average volume of 8,812,375. The company has a market cap of $3.98 billion, a P/E ratio of -85.31, a price-to-earnings-growth ratio of 4.79 and a beta of 0.50. The business’s 50 day moving average price is $18.55 and its 200 day moving average price is $15.21. Paycor HCM has a 1 year low of $10.92 and a 1 year high of $23.49.

Insiders Place Their Bets

In other news, Director Jeremy Rishel sold 3,723 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total transaction of $52,196.46. Following the transaction, the director now 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 is available through this hyperlink. Corporate insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Stifel Financial Corp grew its holdings in shares of Paycor HCM by 7.8% during the third quarter. Stifel Financial Corp now owns 13,498 shares of the company’s stock valued at $192,000 after buying an additional 981 shares during the last quarter. Covestor Ltd increased its holdings in shares of Paycor HCM by 29.4% in 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 during the period. Rhumbline Advisers raised its stake in shares of Paycor HCM by 2.3% in the second quarter. Rhumbline Advisers now owns 67,959 shares of the company’s stock worth $863,000 after purchasing an additional 1,560 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Paycor HCM by 0.6% during the third quarter. Raymond James & Associates now owns 328,827 shares of the company’s stock worth $4,666,000 after purchasing an additional 1,834 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in Paycor HCM by 10.6% in the second quarter. The Manufacturers Life Insurance Company now owns 20,514 shares of the company’s stock valued at $261,000 after buying an additional 1,964 shares during the last quarter. Institutional investors and hedge funds own 36.76% of the company’s stock.

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.