Paycor HCM (NASDAQ:PYCR) Sees Large Volume Increase – Time to Buy?

Shares of Paycor HCM, Inc. (NASDAQ:PYCR) saw an uptick in trading volume on Thursday . 3,427,417 shares were traded during mid-day trading, an increase of 154% from the previous session’s volume of 1,348,020 shares.The stock last traded at $22.14 and had previously closed at $22.15.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus boosted their price target on shares of Paycor HCM from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Baird R W lowered Paycor HCM from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $22.50 price objective (up previously from $21.00) on shares of Paycor HCM in a report on Wednesday, January 22nd. Raymond James lowered shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $22.50 price target (down previously from $24.00) on shares of Paycor HCM in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $21.53.

Paycor HCM Stock Down 0.1 %

The stock has a market cap of $4.02 billion, a P/E ratio of -184.32, a PEG ratio of 3.84 and a beta of 0.53. The business’s 50 day simple moving average is $21.40 and its two-hundred day simple moving average is $17.51.

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 the consensus estimate of $0.11 by ($0.04). Paycor HCM had a positive return on equity of 4.28% and a negative net margin of 3.06%. As a group, research analysts forecast that Paycor HCM, Inc. will post 0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Paycor HCM

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. True Wealth Design LLC increased its stake in Paycor HCM by 105.3% in the fourth quarter. True Wealth Design LLC now owns 1,357 shares of the company’s stock valued at $25,000 after acquiring an additional 696 shares during the last quarter. Stifel Financial Corp lifted its position in 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 period. Covestor Ltd increased its position in Paycor HCM by 29.4% during the 3rd quarter. Covestor Ltd now owns 5,322 shares of the company’s stock valued at $76,000 after buying an additional 1,210 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Paycor HCM by 6.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 19,572 shares of the company’s stock worth $363,000 after acquiring an additional 1,237 shares during the last quarter. Finally, MCF Advisors LLC purchased a new stake in Paycor HCM in the fourth quarter worth approximately $27,000. 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.