Paycor HCM (NASDAQ:PYCR) Shares Gap Up – Here’s What Happened

Paycor HCM, Inc. (NASDAQ:PYCR)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $18.06, but opened at $18.97. Paycor HCM shares last traded at $18.97, with a volume of 80,091 shares traded.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PYCR. Citigroup upped their target price 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. 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. Jefferies Financial Group lifted their target price on Paycor HCM from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. UBS Group decreased their price target on Paycor HCM from $18.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, August 16th. Finally, The Goldman Sachs Group boosted 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. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.56.

Paycor HCM Trading Up 4.7 %

The company’s 50-day moving average price is $15.30 and its two-hundred day moving average price is $13.80. The company has a market cap of $3.40 billion, a P/E ratio of -72.27, a P/E/G ratio of 4.42 and a beta of 0.42.

Insider Buying and Selling at Paycor HCM

In related news, Director Jeremy Rishel sold 3,723 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total transaction of $52,196.46. Following the sale, the director now 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.39% of the stock is owned by company insiders.

Institutional Trading of Paycor HCM

A number of large investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. raised its stake in Paycor HCM by 2.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company’s stock valued at $23,220,000 after purchasing an additional 46,127 shares during the period. Barclays PLC lifted its stake in Paycor HCM by 50.8% in the third quarter. Barclays PLC now owns 23,991 shares of the company’s stock valued at $340,000 after acquiring an additional 8,079 shares during the last quarter. Neo Ivy Capital Management bought a new stake in Paycor HCM in the third quarter worth $912,000. Geode Capital Management LLC boosted its stake in shares of Paycor HCM by 10.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,354,846 shares of the company’s stock worth $19,231,000 after acquiring an additional 132,662 shares in the last quarter. Finally, XTX Topco Ltd boosted its position in Paycor HCM by 27.7% during the third quarter. XTX Topco Ltd now owns 22,325 shares of the company’s stock worth $317,000 after purchasing an additional 4,845 shares during the period. 36.76% of the stock is currently owned by institutional investors.

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.