Short Interest in Paycor HCM, Inc. (NASDAQ:PYCR) Grows By 63.7%

Paycor HCM, Inc. (NASDAQ:PYCR) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 5,140,000 shares, a growth of 63.7% from the February 28th total of 3,140,000 shares. Based on an average trading volume of 2,830,000 shares, the short-interest ratio is presently 1.8 days. Currently, 6.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PYCR. Wealth Enhancement Advisory Services LLC raised its position in shares of Paycor HCM by 193.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 32,468 shares of the company’s stock valued at $603,000 after buying an additional 21,403 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Paycor HCM during the fourth quarter worth $286,000. Mackenzie Financial Corp acquired a new stake in shares of Paycor HCM in the 4th quarter valued at $614,000. Public Employees Retirement System of Ohio increased its stake in shares of Paycor HCM by 6.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 28,098 shares of the company’s stock valued at $522,000 after purchasing an additional 1,740 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Paycor HCM by 6.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 259,042 shares of the company’s stock worth $4,810,000 after buying an additional 15,927 shares in the last quarter. Institutional investors and hedge funds own 36.76% of the company’s stock.

Paycor HCM Stock Performance

NASDAQ:PYCR traded up $0.03 during mid-day trading on Monday, reaching $22.46. 509,725 shares of the company’s stock were exchanged, compared to its average volume of 1,482,044. Paycor HCM has a one year low of $10.92 and a one year high of $23.49. The business’s fifty day simple moving average is $22.26 and its two-hundred day simple moving average is $18.85. The firm has a market capitalization of $4.08 billion, a PE ratio of -187.11, a price-to-earnings-growth ratio of 3.84 and a beta of 0.53.

Paycor HCM (NASDAQ:PYCR) last announced its 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%. As a group, equities research analysts forecast that Paycor HCM will post 0.3 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on PYCR. Citizens Jmp cut Paycor HCM from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 9th. Robert W. Baird reissued a “neutral” rating and issued a $22.50 price objective (down previously from $28.00) on shares of Paycor HCM in a report on Friday, February 7th. JMP Securities restated a “market perform” rating on shares of Paycor HCM in a report on Thursday, February 6th. Needham & Company LLC cut shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Baird R W lowered shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Paycor HCM presently has an average rating of “Hold” and an average target price of $21.53.

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.