Short Interest in Paycor HCM, Inc. (NASDAQ:PYCR) Expands By 63.7%

Paycor HCM, Inc. (NASDAQ:PYCR) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 5,140,000 shares, a growth of 63.7% from the February 28th total of 3,140,000 shares. Approximately 6.1% of the company’s stock are short sold. Based on an average daily trading volume, of 2,830,000 shares, the days-to-cover ratio is currently 1.8 days.

Paycor HCM Stock Down 0.1 %

Shares of NASDAQ PYCR traded down $0.02 during midday trading on Friday, reaching $22.43. The company had a trading volume of 401,527 shares, compared to its average volume of 1,485,812. The stock has a market cap of $4.08 billion, a PE ratio of -186.90, a price-to-earnings-growth ratio of 3.84 and a beta of 0.53. Paycor HCM has a one year low of $10.92 and a one year high of $23.49. The firm’s fifty day moving average price is $22.26 and its 200-day moving average price is $18.82.

Paycor HCM (NASDAQ:PYCR) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). Paycor HCM had a negative net margin of 3.06% and a positive return on equity of 4.28%. As a group, equities research analysts expect that Paycor HCM will post 0.3 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on PYCR. Robert W. Baird restated a “neutral” rating and issued a $22.50 target price (down previously from $28.00) on shares of Paycor HCM in a report on Friday, February 7th. Baird R W lowered Paycor HCM from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. Citigroup upped their price target on Paycor HCM from $21.00 to $22.50 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Stephens restated an “equal weight” rating and set a $22.50 price objective (up from $20.00) on shares of Paycor HCM in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $22.50 target price (up previously from $21.00) on shares of Paycor HCM in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $21.53.

Hedge Funds Weigh In On Paycor HCM

Hedge funds have recently modified their holdings of the company. True Wealth Design LLC boosted its holdings in shares of Paycor HCM by 105.3% during the fourth quarter. True Wealth Design LLC now owns 1,357 shares of the company’s stock worth $25,000 after purchasing an additional 696 shares during the period. MCF Advisors LLC bought a new position in Paycor HCM during the 4th quarter valued at approximately $27,000. Tower Research Capital LLC TRC lifted its holdings in Paycor HCM by 273.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,164 shares of the company’s stock worth $59,000 after buying an additional 2,317 shares during the period. Blue Trust Inc. grew its position in shares of Paycor HCM by 869.3% in the 4th quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock worth $64,000 after buying an additional 3,086 shares during the last quarter. Finally, Sterling Capital Management LLC grew its position in shares of Paycor HCM by 71.4% in the 4th quarter. Sterling Capital Management LLC now owns 4,502 shares of the company’s stock worth $84,000 after buying an additional 1,875 shares during the last quarter. Hedge funds and other institutional investors 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.