Short Interest in Paycor HCM, Inc. (NASDAQ:PYCR) Rises By 35.9%

Paycor HCM, Inc. (NASDAQ:PYCR) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 3,140,000 shares, a growth of 35.9% from the February 13th total of 2,310,000 shares. Approximately 3.8% of the company’s stock are short sold. Based on an average daily trading volume, of 2,750,000 shares, the days-to-cover ratio is currently 1.1 days.

Paycor HCM Price Performance

Shares of PYCR traded up $0.02 on Friday, reaching $22.37. The company’s stock had a trading volume of 1,353,795 shares, compared to its average volume of 1,436,318. The stock has a market capitalization of $4.07 billion, a P/E ratio of -186.40, a PEG ratio of 3.84 and a beta of 0.53. The stock’s 50 day simple moving average is $22.21 and its two-hundred day simple moving average is $18.24. Paycor HCM has a 12-month low of $10.92 and a 12-month high of $23.49.

Paycor HCM (NASDAQ:PYCR) last released its earnings results 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%. Analysts expect that Paycor HCM will post 0.3 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on PYCR shares. Needham & Company LLC cut shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a report on Wednesday, January 8th. BMO Capital Markets restated a “market perform” rating and set a $22.50 price target (down from $24.00) on shares of Paycor HCM in a report on Wednesday, January 8th. Robert W. Baird restated a “neutral” rating and set a $22.50 price target (down from $28.00) on shares of Paycor HCM in a report on Friday, February 7th. Citigroup boosted their price target 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, Mizuho boosted their target price on shares of Paycor HCM from $20.00 to $22.50 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Paycor HCM presently has an average rating of “Hold” and an average price target of $21.53.

Institutional Investors Weigh In On Paycor HCM

Institutional investors and hedge funds have recently modified their holdings of the stock. True Wealth Design LLC increased its position in Paycor HCM by 105.3% in the fourth quarter. True Wealth Design LLC now owns 1,357 shares of the company’s stock worth $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 valued at $27,000. Tower Research Capital LLC TRC increased its position 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 valued at $59,000 after acquiring an additional 2,317 shares during the last quarter. Blue Trust Inc. increased its position in Paycor HCM by 869.3% during the fourth quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock valued at $64,000 after acquiring an additional 3,086 shares during the last quarter. Finally, Sterling Capital Management LLC increased its position in Paycor HCM by 71.4% during the fourth quarter. Sterling Capital Management LLC now owns 4,502 shares of the company’s stock valued at $84,000 after acquiring an additional 1,875 shares during the last quarter. Institutional investors 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.