Short Interest in Paycor HCM, Inc. (NASDAQ:PYCR) Decreases By 19.8%

Paycor HCM, Inc. (NASDAQ:PYCR) was the recipient of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 2,310,000 shares, a decrease of 19.8% from the January 31st total of 2,880,000 shares. Currently, 2.8% of the shares of the stock are sold short. Based on an average daily volume of 2,390,000 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On Paycor HCM

A number of institutional investors have recently added to or reduced their stakes in PYCR. True Wealth Design LLC boosted its stake in shares of Paycor HCM by 105.3% in the 4th quarter. True Wealth Design LLC now owns 1,357 shares of the company’s stock valued at $25,000 after purchasing an additional 696 shares during the last quarter. MCF Advisors LLC bought a new position in Paycor HCM during the fourth quarter worth $27,000. International Assets Investment Management LLC boosted its stake in Paycor HCM by 1,923.0% during the third quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock worth $42,000 after acquiring an additional 2,846 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Paycor HCM by 273.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,164 shares of the company’s stock worth $59,000 after acquiring an additional 2,317 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Paycor HCM by 869.3% during the fourth quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock worth $64,000 after acquiring an additional 3,086 shares in the last quarter. 36.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on PYCR shares. Stephens reaffirmed an “equal weight” rating and set a $22.50 price objective (up previously from $20.00) on shares of Paycor HCM in a report on Friday, January 10th. TD Cowen lowered shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a report on Monday, January 20th. JMP Securities restated a “market perform” rating on shares of Paycor HCM in a report on Thursday, February 6th. Citigroup raised their price objective on shares of Paycor HCM from $21.00 to $22.50 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Finally, Citizens Jmp lowered shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Paycor HCM has a consensus rating of “Hold” and a consensus target price of $21.53.

Paycor HCM Price Performance

PYCR stock traded up $0.01 during trading on Tuesday, reaching $22.35. 3,262,746 shares of the company were exchanged, compared to its average volume of 1,387,712. The company has a 50-day moving average of $21.58 and a two-hundred day moving average of $17.75. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of -186.23, a P/E/G ratio of 3.84 and a beta of 0.53. Paycor HCM has a twelve month low of $10.92 and a twelve month high of $23.49.

Paycor HCM (NASDAQ:PYCR) last posted its earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share 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%. On average, analysts forecast that Paycor HCM will post 0.3 EPS for the current year.

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.