Paycor HCM (NASDAQ:PYCR) Price Target Raised to $21.00 at The Goldman Sachs Group

Paycor HCM (NASDAQ:PYCR) had its target price raised by The Goldman Sachs Group from $19.00 to $21.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research firms have also issued reports on PYCR. TD Cowen increased their target price on Paycor HCM from $15.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lowered their price objective on shares of Paycor HCM from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. BTIG Research cut their target price on shares of Paycor HCM from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Jefferies Financial Group raised their price target on shares of Paycor HCM from $13.00 to $15.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Finally, Citigroup boosted their price target on shares of Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Paycor HCM currently has a consensus rating of “Hold” and a consensus price target of $19.31.

Paycor HCM Stock Down 0.9 %

Shares of NASDAQ PYCR opened at $18.01 on Tuesday. The business’s 50 day moving average is $14.97 and its two-hundred day moving average is $13.69. Paycor HCM has a 52-week low of $10.92 and a 52-week high of $22.65. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of -69.27, a PEG ratio of 4.28 and a beta of 0.42.

Insider Transactions at Paycor HCM

In related news, Director Jeremy Rishel sold 3,723 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total value of $52,196.46. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On Paycor HCM

Several hedge funds have recently made changes to their positions in PYCR. Vanguard Group Inc. lifted its stake in Paycor HCM by 11.5% in the first quarter. Vanguard Group Inc. now owns 6,884,980 shares of the company’s stock valued at $133,844,000 after buying an additional 710,370 shares during the last quarter. Bank of New York Mellon Corp raised its position in Paycor HCM by 149.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 607,996 shares of the company’s stock valued at $7,722,000 after purchasing an additional 364,025 shares during the last quarter. Marshall Wace LLP boosted its stake in Paycor HCM by 1,234.9% during the 2nd quarter. Marshall Wace LLP now owns 370,985 shares of the company’s stock worth $4,712,000 after purchasing an additional 343,194 shares during the period. ING Groep NV purchased a new position in Paycor HCM during the 3rd quarter worth $4,615,000. Finally, Cubist Systematic Strategies LLC increased its stake in Paycor HCM by 207.5% in the second quarter. Cubist Systematic Strategies LLC now owns 465,097 shares of the company’s stock valued at $5,907,000 after purchasing an additional 313,851 shares during the period. Hedge funds and other 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.