Mizuho Issues Positive Forecast for Paycor HCM (NASDAQ:PYCR) Stock Price

Paycor HCM (NASDAQ:PYCR) had its target price increased by Mizuho from $20.00 to $22.50 in a research note released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts have also issued reports on the stock. BMO Capital Markets reissued a “market perform” rating and issued a $22.50 price target (down previously from $24.00) on shares of Paycor HCM in a research report on Wednesday. Jefferies Financial Group boosted their target price on shares of Paycor HCM from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Needham & Company LLC reissued a “buy” rating and set a $20.00 price target on shares of Paycor HCM in a report on Monday. JMP Securities reaffirmed a “market outperform” rating and set a $30.00 price objective on shares of Paycor HCM in a research note on Monday. Finally, Citigroup lifted their target price on shares of Paycor HCM from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $20.63.

Paycor HCM Stock Performance

Shares of NASDAQ PYCR opened at $22.17 on Wednesday. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of -85.27, a PEG ratio of 4.79 and a beta of 0.50. Paycor HCM has a one year low of $10.92 and a one year high of $23.49. The business has a fifty day simple moving average of $18.41 and a 200 day simple moving average of $15.16.

Insider Activity at Paycor HCM

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 sale, the director now directly owns 21,218 shares in the company, valued at approximately $297,476.36. This trade represents a 14.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.39% of the stock is currently owned by corporate insiders.

Institutional Trading of Paycor HCM

Several hedge funds have recently added to or reduced their stakes in PYCR. International Assets Investment Management LLC raised its position in Paycor HCM by 1,923.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock valued at $42,000 after buying an additional 2,846 shares during the last quarter. Quarry LP acquired a new stake in shares of Paycor HCM in the second quarter valued at approximately $69,000. Covestor Ltd lifted its position in shares of Paycor HCM by 29.4% in the third quarter. Covestor Ltd now owns 5,322 shares of the company’s stock worth $76,000 after purchasing an additional 1,210 shares in the last quarter. FMR LLC boosted its holdings in Paycor HCM by 93.9% during the third quarter. FMR LLC now owns 9,918 shares of the company’s stock worth $141,000 after purchasing an additional 4,804 shares during the last quarter. Finally, Octavia Wealth Advisors LLC bought a new position in Paycor HCM in the third quarter valued at $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.