Paycor HCM (NASDAQ:PYCR) Given New $22.50 Price Target at Mizuho

Paycor HCM (NASDAQ:PYCR) had its price objective increased by stock analysts at Mizuho from $20.00 to $22.50 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Mizuho’s target price points to a potential upside of 1.53% from the company’s previous close.

A number of other equities analysts have also recently commented on the company. Stephens assumed coverage on Paycor HCM in a report on Wednesday, October 16th. They issued an “overweight” rating and a $18.00 target price for the company. BMO Capital Markets reissued a “market perform” rating and issued a $22.50 price objective (down previously from $24.00) on shares of Paycor HCM in a research note on Wednesday. Citigroup upped their price target on shares of Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. JMP Securities reiterated a “market outperform” rating and issued a $30.00 target price on shares of Paycor HCM in a report on Monday. Finally, Jefferies Financial Group raised their price objective on Paycor HCM from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.63.

Paycor HCM Trading Down 0.0 %

Shares of PYCR traded down $0.01 during trading hours on Wednesday, reaching $22.16. 1,913,400 shares of the stock traded hands, compared to its average volume of 8,441,904. The company has a market cap of $3.98 billion, a P/E ratio of -85.23, a price-to-earnings-growth ratio of 4.79 and a beta of 0.50. Paycor HCM has a 52-week low of $10.92 and a 52-week high of $23.49. The company’s 50-day moving average price is $18.27 and its two-hundred day moving average price is $15.11.

Insider Activity

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total value of $52,196.46. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.39% of the company’s stock.

Institutional Trading of Paycor HCM

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its position in shares of Paycor HCM by 149.2% during the second quarter. Bank of New York Mellon Corp now owns 607,996 shares of the company’s stock worth $7,722,000 after acquiring an additional 364,025 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Paycor HCM by 2.3% in the 2nd quarter. Rhumbline Advisers now owns 67,959 shares of the company’s stock valued at $863,000 after acquiring an additional 1,560 shares in the last quarter. Quest Partners LLC grew its stake in Paycor HCM by 451.3% during the 2nd quarter. Quest Partners LLC now owns 35,892 shares of the company’s stock valued at $456,000 after acquiring an additional 29,381 shares in the last quarter. Choreo LLC purchased a new position in Paycor HCM in the second quarter valued at about $150,000. Finally, Prevail Innovative Wealth Advisors LLC increased its stake in shares of Paycor HCM by 434.5% during the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 118,998 shares of the company’s stock worth $1,511,000 after purchasing an additional 96,736 shares during the last quarter. 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.