Paycor HCM, Inc. (NASDAQ:PYCR) Sees Significant Decline in Short Interest

Paycor HCM, Inc. (NASDAQ:PYCR) was the recipient of a large decrease in short interest in January. As of January 31st, there was short interest totalling 2,880,000 shares, a decrease of 35.3% from the January 15th total of 4,450,000 shares. Currently, 3.5% of the shares of the company are short sold. Based on an average daily volume of 2,250,000 shares, the short-interest ratio is presently 1.3 days.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PYCR. Needham & Company LLC lowered shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Stephens reaffirmed an “equal weight” rating and set a $22.50 price objective (up from $20.00) on shares of Paycor HCM in a research note on Friday, January 10th. JPMorgan Chase & Co. restated an “underweight” rating and set a $22.50 price objective (up previously from $21.00) on shares of Paycor HCM in a report on Wednesday, January 22nd. JMP Securities reaffirmed a “market perform” rating on shares of Paycor HCM in a research note on Thursday, February 6th. Finally, Raymond James cut Paycor HCM from a “moderate buy” rating to a “hold” rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $21.53.

Paycor HCM Price Performance

Shares of PYCR stock opened at $22.19 on Friday. Paycor HCM has a one year low of $10.92 and a one year high of $23.49. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of -184.90, a P/E/G ratio of 4.20 and a beta of 0.53. The stock’s fifty day simple moving average is $20.96 and its 200 day simple moving average is $16.85.

Paycor HCM (NASDAQ:PYCR) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.04). Paycor HCM had a positive return on equity of 4.29% and a negative net margin of 3.06%. On average, research analysts anticipate that Paycor HCM will post 0.29 earnings per share for the current year.

Institutional Trading of Paycor HCM

Several institutional investors and hedge funds have recently modified their holdings of PYCR. MCF Advisors LLC purchased a new stake in Paycor HCM during the fourth quarter valued at approximately $27,000. International Assets Investment Management LLC raised its position in Paycor HCM by 1,923.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock worth $42,000 after buying an additional 2,846 shares during the last quarter. Blue Trust Inc. grew its stake in Paycor HCM by 869.3% in the 4th 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. Covestor Ltd raised its holdings in Paycor HCM by 29.4% in the third quarter. Covestor Ltd now owns 5,322 shares of the company’s stock valued at $76,000 after buying an additional 1,210 shares during the period. Finally, Sterling Capital Management LLC grew its position in shares of Paycor HCM by 71.4% during the fourth quarter. Sterling Capital Management LLC now owns 4,502 shares of the company’s stock worth $84,000 after buying an additional 1,875 shares in the last quarter. 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.