Stifel Nicolaus Raises Paycor HCM (NASDAQ:PYCR) Price Target to $25.00

Paycor HCM (NASDAQ:PYCR) had its price target hoisted by Stifel Nicolaus from $22.00 to $25.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 22.55% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. Stephens started coverage on shares of Paycor HCM in a research report on Wednesday, October 16th. They set an “overweight” rating and a $18.00 price objective on the stock. BMO Capital Markets raised shares of Paycor HCM from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $19.00 to $24.00 in a report on Thursday, December 12th. Citigroup lifted their target price on Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. TD Cowen raised Paycor HCM from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $18.00 to $22.00 in a research note on Monday, December 2nd. Finally, Jefferies Financial Group increased their target price on Paycor HCM from $13.00 to $15.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $20.56.

Paycor HCM Stock Up 1.2 %

NASDAQ:PYCR traded up $0.24 during trading hours on Wednesday, hitting $20.40. 220,831 shares of the stock traded hands, compared to its average volume of 933,247. The company has a market cap of $3.67 billion, a price-to-earnings ratio of -78.46, a price-to-earnings-growth ratio of 4.79 and a beta of 0.51. The stock has a 50 day moving average price of $16.63 and a 200 day moving average price of $14.31. Paycor HCM has a 1 year low of $10.92 and a 1 year high of $22.35.

Insider Activity

In other news, Director Jeremy Rishel sold 3,723 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total transaction of $52,196.46. Following the transaction, the director now owns 21,218 shares of the company’s stock, valued at approximately $297,476.36. This represents a 14.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC lifted its stake in shares of Paycor HCM by 950.7% during the 2nd quarter. CWM LLC now owns 2,385 shares of the company’s stock worth $30,000 after purchasing an additional 2,158 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of 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 worth $42,000 after buying an additional 2,846 shares during the last quarter. Quarry LP bought a new position in shares of Paycor HCM during the 2nd quarter worth approximately $69,000. Covestor Ltd lifted its position in Paycor HCM by 29.4% during the third quarter. Covestor Ltd now owns 5,322 shares of the company’s stock valued at $76,000 after acquiring an additional 1,210 shares during the last quarter. Finally, HighMark Wealth Management LLC boosted its stake in Paycor HCM by 100.0% in the second quarter. HighMark Wealth Management LLC now owns 7,730 shares of the company’s stock valued at $98,000 after acquiring an additional 3,865 shares in the last quarter. 36.76% of the stock is currently owned by institutional investors.

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.