Mizuho Boosts Paycor HCM (NASDAQ:PYCR) Price Target to $20.00

Paycor HCM (NASDAQ:PYCR) had its price target hoisted by Mizuho from $18.00 to $20.00 in a report issued on Friday,Benzinga reports. They currently have a neutral rating on the stock.

PYCR has been the topic of a number of other research reports. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 target price on shares of Paycor HCM in a report on Friday, November 22nd. The Goldman Sachs Group increased their target price on shares of Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. TD Cowen upgraded shares of Paycor HCM from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $18.00 to $22.00 in a research note on Monday, December 2nd. JPMorgan Chase & Co. cut their price objective on Paycor HCM from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Finally, Jefferies Financial Group boosted their target price on shares of Paycor HCM from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.19.

Paycor HCM Stock Performance

Paycor HCM stock opened at $19.98 on Friday. The company has a market cap of $3.59 billion, a price-to-earnings ratio of -76.85, a PEG ratio of 4.70 and a beta of 0.51. Paycor HCM has a 1 year low of $10.92 and a 1 year high of $22.65. The firm has a 50 day moving average price of $16.35 and a 200 day moving average price of $14.18.

Insiders Place Their Bets

In related news, Director Jeremy Rishel sold 3,723 shares of Paycor HCM stock in a transaction dated 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 $297,476.36. The trade was a 14.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.39% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Stifel Financial Corp grew its holdings in shares of Paycor HCM by 7.8% in the 3rd quarter. Stifel Financial Corp now owns 13,498 shares of the company’s stock worth $192,000 after acquiring an additional 981 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Paycor HCM by 29.4% in the third quarter. Covestor Ltd now owns 5,322 shares of the company’s stock valued at $76,000 after purchasing an additional 1,210 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Paycor HCM by 2.3% during the second quarter. Rhumbline Advisers now owns 67,959 shares of the company’s stock valued at $863,000 after buying an additional 1,560 shares in the last quarter. Fiera Capital Corp boosted its position in Paycor HCM by 0.9% during the 2nd quarter. Fiera Capital Corp now owns 190,677 shares of the company’s stock worth $2,422,000 after acquiring an additional 1,629 shares during the period. Finally, Raymond James & Associates grew its stake in Paycor HCM by 0.6% during the 3rd quarter. Raymond James & Associates now owns 328,827 shares of the company’s stock valued at $4,666,000 after acquiring an additional 1,834 shares in the last quarter. Institutional investors 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.