Paycor HCM (NASDAQ:PYCR) Sees Strong Trading Volume – Time to Buy?

Paycor HCM, Inc. (NASDAQ:PYCR) shares saw unusually-high trading volume on Tuesday . Approximately 1,160,810 shares traded hands during trading, a decline of 17% from the previous session’s volume of 1,406,778 shares.The stock last traded at $22.35 and had previously closed at $22.34.

Wall Street Analysts Forecast Growth

PYCR has been the topic of a number of recent research reports. Baird R W lowered Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Stephens reissued an “equal weight” rating and issued a $22.50 price target (up from $20.00) on shares of Paycor HCM in a research note on Friday, January 10th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $22.50 price objective (up previously from $21.00) on shares of Paycor HCM in a research report on Wednesday, January 22nd. Stifel Nicolaus boosted their target price on Paycor HCM from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, The Goldman Sachs Group raised their price objective on shares of Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $21.53.

Paycor HCM Stock Performance

The firm has a fifty day moving average price of $22.06 and a 200 day moving average price of $18.12. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of -186.19, a PEG ratio of 3.84 and a beta of 0.53.

Paycor HCM (NASDAQ:PYCR) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). Paycor HCM had a positive return on equity of 4.28% and a negative net margin of 3.06%. Research analysts predict that Paycor HCM, Inc. will post 0.3 earnings per share for the current fiscal year.

Institutional Trading of Paycor HCM

Institutional investors and hedge funds have recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Paycor HCM during the 4th quarter worth approximately $286,000. Mackenzie Financial Corp acquired a new position in shares of Paycor HCM during the fourth quarter worth $614,000. Public Employees Retirement System of Ohio boosted its stake in shares of Paycor HCM by 6.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 28,098 shares of the company’s stock valued at $522,000 after purchasing an additional 1,740 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Paycor HCM by 6.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 259,042 shares of the company’s stock valued at $4,810,000 after purchasing an additional 15,927 shares in the last quarter. Finally, Woodline Partners LP increased its stake in Paycor HCM by 5.4% during the 4th quarter. Woodline Partners LP now owns 473,690 shares of the company’s stock worth $8,796,000 after buying an additional 24,397 shares during the period. 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.