Citigroup Raises Paycor HCM (NASDAQ:PYCR) Price Target to $22.50

Paycor HCM (NASDAQ:PYCR) had its price target lifted by analysts at Citigroup from $21.00 to $22.50 in a report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price objective would suggest a potential upside of 1.81% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. The Goldman Sachs Group lifted their target price on shares of Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Mizuho raised their price target on Paycor HCM from $20.00 to $22.50 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Raymond James downgraded Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Monday, January 13th. Needham & Company LLC cut shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $22.50 target price (down from $24.00) on shares of Paycor HCM in a research note on Wednesday, January 8th. Thirteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Paycor HCM has a consensus rating of “Hold” and a consensus target price of $21.47.

Paycor HCM Price Performance

Shares of PYCR opened at $22.10 on Thursday. The firm has a market cap of $3.97 billion, a P/E ratio of -85.00, a P/E/G ratio of 4.18 and a beta of 0.50. Paycor HCM has a 1 year low of $10.92 and a 1 year high of $23.49. The stock has a 50 day simple moving average of $19.14 and a two-hundred day simple moving average of $15.55.

Institutional Trading of Paycor HCM

Several large investors have recently bought and sold shares of PYCR. MCF Advisors LLC bought a new position in shares of Paycor HCM in the 4th quarter worth approximately $27,000. International Assets Investment Management LLC grew its stake in Paycor HCM by 1,923.0% in the third quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock worth $42,000 after purchasing an additional 2,846 shares during the period. 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 worth $76,000 after purchasing an additional 1,210 shares in the last quarter. Quarry LP purchased a new position in Paycor HCM during the second quarter valued at $69,000. Finally, FMR LLC boosted its holdings in shares of Paycor HCM by 93.9% during the 3rd quarter. FMR LLC now owns 9,918 shares of the company’s stock valued at $141,000 after buying an additional 4,804 shares in the last quarter. 36.76% of the stock is owned by institutional investors.

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.