Investment Analysts’ Recent Ratings Updates for Paycor HCM (PYCR)

A number of research firms have changed their ratings and price targets for Paycor HCM (NASDAQ: PYCR):

• 8/17/2023 – Paycor HCM had its price target lowered by analysts at JMP Securities from $42.00 to $32.00. They now have an “outperform” rating on the stock.
• 8/17/2023 – Paycor HCM had its price target lowered by analysts at JPMorgan Chase & Co. from $26.00 to $23.00. They now have a “neutral” rating on the stock.
• 8/17/2023 – Paycor HCM had its price target lowered by analysts at DA Davidson from $24.00 to $22.00. They now have a “neutral” rating on the stock.
• 8/17/2023 – Paycor HCM had its price target lowered by analysts at Citigroup Inc. from $28.00 to $26.00. They now have a “neutral” rating on the stock.
• 8/17/2023 – Paycor HCM had its price target lowered by analysts at Mizuho from $24.00 to $22.00. They now have a “neutral” rating on the stock.
• 8/17/2023 – Paycor HCM had its price target lowered by analysts at BMO Capital Markets from $27.00 to $24.00. They now have a “market perform” rating on the stock.
• 8/17/2023 – Paycor HCM had its price target raised by analysts at Jefferies Financial Group Inc. from $27.00 to $30.00. They now have a “buy” rating on the stock.
• 8/17/2023 – Paycor HCM had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $42.00 price target on the stock.
• 7/12/2023 – Paycor HCM had its price target lowered by analysts at Truist Financial Co. from $40.00 to $38.00.

Paycor HCM Price Performance

PYCR traded up $0.07 on Thursday, hitting $23.47. The company had a trading volume of 322,418 shares, compared to its average volume of 479,944. Paycor HCM, Inc. has a 52-week low of $20.50 and a 52-week high of $33.26. The stock has a fifty day simple moving average of $24.13 and a 200-day simple moving average of $24.00. The firm has a market capitalization of $4.14 billion, a P/E ratio of -43.46, a P/E/G ratio of 12.45 and a beta of 0.52.

Insiders Place Their Bets

In other Paycor HCM news, Director Jonathan Corr sold 1,508 shares of the firm’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $25.72, for a total value of $38,785.76. Following the completion of the sale, the director now directly owns 21,309 shares in the company, valued at $548,067.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Jonathan Corr sold 1,508 shares of Paycor HCM stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $25.72, for a total transaction of $38,785.76. Following the completion of the transaction, the director now directly owns 21,309 shares in the company, valued at $548,067.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott David Miller bought 3,000 shares of the stock in a transaction dated Monday, August 21st. The shares were acquired at an average price of $22.42 per share, with a total value of $67,260.00. Following the completion of the acquisition, the director now directly owns 188,437 shares of the company’s stock, valued at approximately $4,224,757.54. The disclosure for this purchase can be found here. 0.39% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Paycor HCM

Several large investors have recently made changes to their positions in the business. Arizona State Retirement System lifted its holdings in shares of Paycor HCM by 4.3% during the fourth quarter. Arizona State Retirement System now owns 9,912 shares of the company’s stock valued at $243,000 after purchasing an additional 406 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Paycor HCM by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 26,480 shares of the company’s stock valued at $648,000 after acquiring an additional 416 shares in the last quarter. Moneta Group Investment Advisors LLC increased its position in shares of Paycor HCM by 5.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,378 shares of the company’s stock valued at $205,000 after acquiring an additional 462 shares in the last quarter. Truist Financial Corp increased its position in shares of Paycor HCM by 2.4% during the second quarter. Truist Financial Corp now owns 28,336 shares of the company’s stock valued at $671,000 after acquiring an additional 651 shares in the last quarter. Finally, Baird Financial Group Inc. increased its position in shares of Paycor HCM by 0.8% during the fourth quarter. Baird Financial Group Inc. now owns 84,210 shares of the company’s stock valued at $2,060,000 after acquiring an additional 689 shares in the last quarter. 36.76% of the stock is currently owned by hedge funds and other institutional investors.

Paycor HCM, Inc, through 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. The company's SaaS based people management products include Cor HCM, a complete suite of HCM tools spanning HR, onboarding, payroll, compensation management, employee surveys, expenses, and reporting and analytics; Workforce Management, a solution with flexible time entry, overtime calculations, and scheduling capabilities with real-time payroll synchronization; Benefits Administration, a decision support solution to help leaders to streamline and optimize company's benefits administration; and Talent Management, an integrated compensation and performance management solution.