Paycor HCM, Inc. (NASDAQ:PYCR) Receives Average Rating of “Hold” from Brokerages

Shares of Paycor HCM, Inc. (NASDAQ:PYCR) have received an average rating of “Hold” from the eighteen analysts that are presently covering the company, MarketBeat Ratings reports. Thirteen analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $21.47.

PYCR has been the topic of a number of recent research reports. Truist Financial reiterated a “hold” rating and set a $22.50 price target (up previously from $20.00) on shares of Paycor HCM in a report on Thursday. The Goldman Sachs Group upped their price target on Paycor HCM from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Citigroup raised their price objective on Paycor HCM from $21.00 to $22.50 and gave the stock a “neutral” rating in a research report on Thursday. Jefferies Financial Group upped their target price on Paycor HCM from $13.00 to $15.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Finally, TD Cowen upgraded shares of Paycor HCM from a “hold” rating to a “buy” rating and raised their price target for the stock from $18.00 to $22.00 in a report on Monday, December 2nd.

Institutional Trading of Paycor HCM

Institutional investors have recently made changes to their positions in the company. Diversified Trust Co bought a new position in shares of Paycor HCM during the fourth quarter valued at about $273,000. Principal Financial Group Inc. purchased a new position in shares of Paycor HCM in the 3rd quarter worth approximately $962,000. Franklin Resources Inc. boosted its stake in shares of Paycor HCM by 2.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company’s stock worth $23,220,000 after buying an additional 46,127 shares during the last quarter. Barclays PLC increased its position in shares of Paycor HCM by 50.8% during the third quarter. Barclays PLC now owns 23,991 shares of the company’s stock valued at $340,000 after acquiring an additional 8,079 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in shares of Paycor HCM during the third quarter valued at approximately $912,000. Institutional investors own 36.76% of the company’s stock.

Paycor HCM Price Performance

NASDAQ:PYCR opened at $22.09 on Friday. Paycor HCM has a one year low of $10.92 and a one year high of $23.49. The firm’s 50 day simple moving average is $19.04 and its 200 day simple moving average is $15.50. The company has a market cap of $3.97 billion, a PE ratio of -84.96, a P/E/G ratio of 4.18 and a beta of 0.50.

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.