Paycor HCM’s (PYCR) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Paycor HCM (NASDAQ:PYCR) in a research note published on Monday,Benzinga reports. Needham & Company LLC currently has a $20.00 price objective on the stock.

A number of other research firms also recently commented on PYCR. Jefferies Financial Group increased 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. Citigroup increased 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. BMO Capital Markets raised shares of Paycor HCM from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $19.00 to $24.00 in a research note on Thursday, December 12th. Stephens began coverage on Paycor HCM in a report on Wednesday, October 16th. They set an “overweight” rating and a $18.00 target price on the stock. Finally, Mizuho boosted their price target on Paycor HCM from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Paycor HCM has a consensus rating of “Moderate Buy” and an average target price of $20.63.

Paycor HCM Price Performance

Shares of PYCR stock opened at $22.17 on Monday. Paycor HCM has a fifty-two week low of $10.92 and a fifty-two week high of $23.49. The stock’s 50-day moving average is $18.41 and its two-hundred day moving average is $15.16. The firm has a market cap of $3.98 billion, a P/E ratio of -85.27, a PEG ratio of 4.79 and a beta of 0.50.

Insider Buying and Selling

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of the stock in a transaction on Wednesday, October 16th. The shares were 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 directly owns 21,218 shares of the company’s stock, valued at $297,476.36. This represents a 14.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.39% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. International Assets Investment Management LLC increased its stake in 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 acquiring an additional 2,846 shares during the period. Covestor Ltd raised its holdings in Paycor HCM by 29.4% in the 3rd quarter. Covestor Ltd now owns 5,322 shares of the company’s stock valued at $76,000 after acquiring an additional 1,210 shares in the last quarter. Quarry LP bought a new stake in shares of Paycor HCM in the 2nd quarter worth approximately $69,000. FMR LLC grew its holdings in shares of Paycor HCM by 93.9% during the 3rd quarter. FMR LLC now owns 9,918 shares of the company’s stock worth $141,000 after purchasing an additional 4,804 shares in the last quarter. Finally, Octavia Wealth Advisors LLC bought a new stake in shares of Paycor HCM during the third quarter valued at approximately $143,000. Institutional investors and hedge funds 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.