Paycor HCM (NASDAQ:PYCR) Stock Rating Lowered by Citizens Jmp

Paycor HCM (NASDAQ:PYCR) was downgraded by equities researchers at Citizens Jmp from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

A number of other research firms have also recently weighed in on PYCR. Mizuho raised their price target on Paycor HCM from $20.00 to $22.50 and gave the company a “neutral” rating in a research note on Wednesday. BMO Capital Markets reiterated a “market perform” rating and issued a $22.50 target price (down from $24.00) on shares of Paycor HCM in a research note on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of Paycor HCM in a report on Monday, January 6th. The Goldman Sachs Group raised their target price on shares of Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Finally, Stephens reissued an “equal weight” rating and set a $22.50 price target (up from $20.00) on shares of Paycor HCM in a report on Friday. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $20.91.

Paycor HCM Stock Down 0.1 %

NASDAQ:PYCR opened at $22.15 on Thursday. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of -85.19, a price-to-earnings-growth ratio of 4.79 and a beta of 0.50. The stock’s fifty day moving average is $18.68 and its two-hundred day moving average is $15.28. Paycor HCM has a 52 week low of $10.92 and a 52 week high of $23.49.

Insider Transactions at Paycor HCM

In other news, Director Jeremy Rishel sold 3,723 shares of the firm’s 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 directly owns 21,218 shares of the company’s stock, valued at approximately $297,476.36. This trade represents a 14.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.39% of the company’s stock.

Institutional Investors Weigh In On Paycor HCM

A number of institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC raised its stake in shares of Paycor HCM by 1,923.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock worth $42,000 after purchasing an additional 2,846 shares in the last quarter. Quarry LP acquired a new position in Paycor HCM during the second quarter valued at approximately $69,000. Covestor Ltd raised its holdings in Paycor HCM by 29.4% in the 3rd quarter. Covestor Ltd now owns 5,322 shares of the company’s stock worth $76,000 after acquiring an additional 1,210 shares during the period. FMR LLC lifted its position in Paycor HCM by 93.9% during the 3rd quarter. FMR LLC now owns 9,918 shares of the company’s stock worth $141,000 after acquiring an additional 4,804 shares during the last quarter. Finally, Octavia Wealth Advisors LLC bought a new position in shares of Paycor HCM in the third quarter worth about $143,000. Institutional investors and hedge funds 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.