Paycor HCM (NASDAQ:PYCR) Sees Unusually-High Trading Volume – Still a Buy?

Paycor HCM, Inc. (NASDAQ:PYCR) shares saw strong trading volume on Wednesday . 3,646,912 shares were traded during mid-day trading, an increase of 144% from the previous session’s volume of 1,493,296 shares.The stock last traded at $22.50 and had previously closed at $22.47.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PYCR. Needham & Company LLC lowered shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a report on Wednesday, January 8th. Raymond James lowered Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Monday, January 13th. TD Cowen cut Paycor HCM from a “strong-buy” rating to a “hold” rating in a report on Monday, January 20th. Truist Financial reiterated a “hold” rating and issued a $22.50 price objective (up from $20.00) on shares of Paycor HCM in a report on Thursday, January 16th. Finally, Mizuho boosted their price objective on shares of Paycor HCM from $20.00 to $22.50 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Paycor HCM presently has a consensus rating of “Hold” and a consensus price target of $21.53.

Paycor HCM Trading Down 0.3 %

The company has a market capitalization of $4.07 billion, a P/E ratio of -186.65, a P/E/G ratio of 3.84 and a beta of 0.53. The company has a 50 day moving average price of $22.28 and a 200 day moving average price of $19.02.

Paycor HCM (NASDAQ:PYCR) last released 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%. As a group, sell-side analysts forecast that Paycor HCM, Inc. will post 0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PYCR. Vanguard Group Inc. boosted its holdings in shares of Paycor HCM by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 7,454,003 shares of the company’s stock worth $138,421,000 after acquiring an additional 226,807 shares during the period. Conestoga Capital Advisors LLC boosted its stake in Paycor HCM by 23.8% in the 4th quarter. Conestoga Capital Advisors LLC now owns 6,934,428 shares of the company’s stock valued at $128,772,000 after purchasing an additional 1,333,170 shares during the period. Clearbridge Investments LLC grew its holdings in Paycor HCM by 0.7% in the 4th quarter. Clearbridge Investments LLC now owns 6,386,128 shares of the company’s stock valued at $118,590,000 after buying an additional 47,007 shares in the last quarter. Invesco Ltd. increased its position in Paycor HCM by 4.0% during the 4th quarter. Invesco Ltd. now owns 2,799,281 shares of the company’s stock worth $51,983,000 after buying an additional 106,628 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Paycor HCM by 15.5% during the fourth quarter. Franklin Resources Inc. now owns 2,003,288 shares of the company’s stock worth $37,201,000 after buying an additional 269,179 shares in the last quarter. 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.