Paycor HCM, Inc. (NASDAQ:PYCR) Short Interest Update

Paycor HCM, Inc. (NASDAQ:PYCR) saw a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 4,350,000 shares, a decrease of 16.5% from the November 15th total of 5,210,000 shares. Approximately 5.3% of the shares of the stock are sold short. Based on an average daily volume of 843,100 shares, the short-interest ratio is currently 5.2 days.

Insider Transactions at Paycor HCM

In other news, Director Jeremy Rishel sold 3,723 shares of the stock in a transaction that occurred 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. This represents a 14.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On Paycor HCM

Institutional investors have recently modified their holdings of the business. Prevail Innovative Wealth Advisors LLC lifted its stake in Paycor HCM by 434.5% in the second quarter. Prevail Innovative Wealth Advisors LLC now owns 118,998 shares of the company’s stock valued at $1,511,000 after buying an additional 96,736 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Paycor HCM by 16.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 243,115 shares of the company’s stock valued at $3,450,000 after acquiring an additional 34,336 shares in the last quarter. ING Groep NV acquired a new position in Paycor HCM in the 3rd quarter worth $4,615,000. Principal Financial Group Inc. bought a new position in Paycor HCM during the 3rd quarter worth about $962,000. Finally, GSA Capital Partners LLP raised its stake in shares of Paycor HCM by 75.6% in the 3rd quarter. GSA Capital Partners LLP now owns 87,529 shares of the company’s stock valued at $1,242,000 after purchasing an additional 37,691 shares during the period. Institutional investors own 36.76% of the company’s stock.

Wall Street Analysts Forecast Growth

PYCR has been the topic of a number of recent research reports. Stephens assumed coverage on Paycor HCM in a research report on Wednesday, October 16th. They issued an “overweight” rating and a $18.00 price objective on the stock. The Goldman Sachs Group lifted their price objective on Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. BMO Capital Markets upgraded shares of Paycor HCM from a “market perform” rating to an “outperform” rating and upped their target price for the company from $19.00 to $24.00 in a research report on Thursday. Jefferies Financial Group lifted their price target on shares of Paycor HCM from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, Citigroup increased their price objective on shares of Paycor HCM from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $20.19.

Paycor HCM Trading Down 1.3 %

PYCR stock opened at $19.98 on Friday. Paycor HCM has a 1-year low of $10.92 and a 1-year high of $22.65. The firm has a market cap of $3.59 billion, a PE ratio of -76.85, a P/E/G ratio of 4.70 and a beta of 0.51. The business’s 50-day moving average price is $16.35 and its two-hundred day moving average price is $14.19.

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.