Paycor HCM (NASDAQ:PYCR) Lowered to Hold Rating by Needham & Company LLC

Needham & Company LLC lowered shares of Paycor HCM (NASDAQ:PYCR) from a moderate buy rating to a hold rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Citigroup upped their target price on shares of Paycor HCM from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Stephens reiterated an “equal weight” rating and issued a $22.50 price target (up from $20.00) on shares of Paycor HCM in a report on Friday. JMP Securities reissued a “market outperform” rating and set a $30.00 price target on shares of Paycor HCM in a research report on Monday, January 6th. The Goldman Sachs Group lifted their price objective on shares of Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Finally, Jefferies Financial Group increased their target price on shares of Paycor HCM from $13.00 to $15.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $20.91.

Paycor HCM Trading Down 0.1 %

PYCR stock opened at $22.15 on Wednesday. The company has a market capitalization of $3.98 billion, a P/E ratio of -85.19, a PEG ratio of 4.79 and a beta of 0.50. The firm has a 50 day simple moving average of $18.68 and a 200-day simple moving average of $15.28. Paycor HCM has a twelve month low of $10.92 and a twelve month high of $23.49.

Insider Activity

In other news, Director Jeremy Rishel sold 3,723 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total value of $52,196.46. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.39% of the company’s stock.

Institutional Investors Weigh In On Paycor HCM

A number of institutional investors and hedge funds have recently bought and sold shares of PYCR. International Assets Investment Management LLC lifted its holdings in shares of Paycor HCM by 1,923.0% during the third quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock valued at $42,000 after purchasing an additional 2,846 shares during the last quarter. Covestor Ltd raised its holdings 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 buying an additional 1,210 shares during the period. Quarry LP purchased a new stake in Paycor HCM during the second quarter valued at about $69,000. FMR LLC boosted its holdings in shares of Paycor HCM by 93.9% in the third quarter. FMR LLC now owns 9,918 shares of the company’s stock worth $141,000 after buying an additional 4,804 shares during the period. Finally, Octavia Wealth Advisors LLC purchased a new position in shares of Paycor HCM in the third quarter worth approximately $143,000. 36.76% of the stock is 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.