Citizens Jmp Downgrades Paycor HCM (NASDAQ:PYCR) to Hold

Paycor HCM (NASDAQ:PYCR) was downgraded by stock analysts at Citizens Jmp from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other brokerages have also recently issued reports on PYCR. BMO Capital Markets restated a “market perform” rating and set a $22.50 price objective (down previously from $24.00) on shares of Paycor HCM in a report on Wednesday. Stifel Nicolaus increased their price objective on Paycor HCM from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Needham & Company LLC reissued a “buy” rating and issued a $20.00 target price on shares of Paycor HCM in a report on Monday, January 6th. TD Cowen raised Paycor HCM from a “hold” rating to a “buy” rating and upped their price objective for the company from $18.00 to $22.00 in a research note on Monday, December 2nd. Finally, The Goldman Sachs Group raised their target price on Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.91.

Paycor HCM Trading Down 0.1 %

Shares of Paycor HCM stock opened at $22.15 on Thursday. The firm’s 50-day moving average price is $18.68 and its two-hundred day moving average price is $15.28. Paycor HCM has a 1-year low of $10.92 and a 1-year high of $23.49. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of -85.19, a P/E/G ratio of 4.79 and a beta of 0.50.

Insider Buying and Selling at Paycor HCM

In related news, Director Jeremy Rishel sold 3,723 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total value of $52,196.46. Following the transaction, the director now owns 21,218 shares of the company’s stock, valued at $297,476.36. This trade represents a 14.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.39% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PYCR. Principal Financial Group Inc. acquired a new stake in Paycor HCM in the 3rd quarter valued at $962,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Paycor HCM by 16.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 243,115 shares of the company’s stock valued at $3,450,000 after purchasing an additional 34,336 shares during the period. ING Groep NV acquired a new stake in shares of Paycor HCM during the 3rd quarter worth approximately $4,615,000. GSA Capital Partners LLP raised its position in Paycor HCM by 75.6% in the third quarter. GSA Capital Partners LLP now owns 87,529 shares of the company’s stock valued at $1,242,000 after purchasing an additional 37,691 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in Paycor HCM in the 2nd quarter valued at about $560,000. Institutional investors 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.