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

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

Analyst Ratings Changes

PYCR has been the topic of several recent research reports. Stephens reiterated an “equal weight” rating and set a $22.50 target price (up from $20.00) on shares of Paycor HCM in a report on Friday, January 10th. Citizens Jmp lowered shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 9th. The Goldman Sachs Group increased their price objective on shares of Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Baird R W lowered shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $22.50 price target (down previously from $28.00) on shares of Paycor HCM in a report on Friday, February 7th. One equities research 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $21.53.

Institutional Trading of Paycor HCM

Institutional investors and hedge funds have recently bought and sold shares of the stock. True Wealth Design LLC grew its position in 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 acquiring an additional 696 shares in the last quarter. Stifel Financial Corp grew its position in Paycor HCM by 7.8% in the 3rd quarter. Stifel Financial Corp now owns 13,498 shares of the company’s stock valued at $192,000 after acquiring an additional 981 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Paycor HCM by 6.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 19,572 shares of the company’s stock worth $363,000 after buying an additional 1,237 shares in the last quarter. MCF Advisors LLC acquired a new position in shares of Paycor HCM during the fourth quarter worth about $27,000. Finally, Public Employees Retirement System of Ohio grew its position in shares of Paycor HCM by 6.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 28,098 shares of the company’s stock worth $522,000 after buying an additional 1,740 shares in the last quarter. 36.76% of the stock is currently owned by hedge funds and other institutional investors.

Paycor HCM Stock Performance

Shares of NASDAQ PYCR traded up $0.02 during trading on Friday, hitting $22.37. 1,353,795 shares of the company were exchanged, compared to its average volume of 1,436,318. Paycor HCM has a 12-month low of $10.92 and a 12-month high of $23.49. The company has a fifty day moving average price of $22.21 and a 200-day moving average price of $18.24. The firm has a market capitalization of $4.07 billion, a PE ratio of -186.40, a P/E/G ratio of 3.84 and a beta of 0.53.

Paycor HCM (NASDAQ:PYCR) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.07 EPS for the quarter, missing the consensus estimate 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%. Research analysts anticipate that Paycor HCM will post 0.3 earnings per share for the current fiscal year.

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.