Paycor HCM, Inc. (NASDAQ:PYCR) Given Average Rating of “Hold” by Analysts

Paycor HCM, Inc. (NASDAQ:PYCR) has earned a consensus rating of “Hold” from the nineteen brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $21.53.

A number of analysts have recently weighed in on the company. Raymond James cut Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $22.50 price target (up previously from $21.00) on shares of Paycor HCM in a report on Wednesday, January 22nd. TD Cowen downgraded shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a report on Monday, January 20th. Jefferies Financial Group lifted their target price on shares of Paycor HCM from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Finally, Stephens restated an “equal weight” rating and set a $22.50 price target (up previously from $20.00) on shares of Paycor HCM in a research note on Friday, January 10th.

Paycor HCM Price Performance

PYCR opened at $22.18 on Tuesday. The firm has a market capitalization of $4.03 billion, a PE ratio of -184.82, a price-to-earnings-growth ratio of 4.20 and a beta of 0.53. The business’s 50-day moving average is $20.76 and its two-hundred day moving average is $16.71. Paycor HCM has a 1 year low of $10.92 and a 1 year high of $23.49.

Paycor HCM (NASDAQ:PYCR) last posted its quarterly earnings data 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 4.29% and a negative net margin of 3.06%. As a group, sell-side analysts expect that Paycor HCM will post 0.29 EPS for the current year.

Institutional Investors Weigh In On Paycor HCM

A number of hedge funds and other institutional investors have recently made changes to their positions in PYCR. Stifel Financial Corp boosted its holdings in Paycor HCM by 7.8% during the third quarter. Stifel Financial Corp now owns 13,498 shares of the company’s stock worth $192,000 after buying an additional 981 shares in the last quarter. Covestor Ltd boosted its stake in shares of Paycor HCM by 29.4% during the 3rd quarter. Covestor Ltd now owns 5,322 shares of the company’s stock worth $76,000 after acquiring an additional 1,210 shares in the last quarter. MCF Advisors LLC purchased a new stake in shares of Paycor HCM during the 4th quarter worth about $27,000. Swiss National Bank grew its position in shares of Paycor HCM by 1.0% during the 4th quarter. Swiss National Bank now owns 175,800 shares of the company’s stock valued at $3,265,000 after acquiring an additional 1,800 shares during the period. Finally, Raymond James & Associates increased its stake in shares of Paycor HCM by 0.6% in the 3rd quarter. Raymond James & Associates now owns 328,827 shares of the company’s stock valued at $4,666,000 after purchasing an additional 1,834 shares in the last quarter. Institutional investors and hedge funds own 36.76% of the company’s stock.

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.