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

Paycor HCM, Inc. (NASDAQ:PYCR) has been given an average recommendation of “Hold” by the nineteen brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, sixteen have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $21.53.

A number of research firms have recently issued reports on PYCR. Stephens reissued an “equal weight” rating and issued a $22.50 price target (up from $20.00) on shares of Paycor HCM in a research note on Friday, January 10th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $22.50 target price (up previously from $21.00) on shares of Paycor HCM in a research report on Wednesday, January 22nd. Truist Financial restated a “hold” rating and set a $22.50 price target (up from $20.00) on shares of Paycor HCM in a research note on Thursday, January 16th. Citigroup lifted their price objective on Paycor HCM from $21.00 to $22.50 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Finally, Robert W. Baird reissued a “neutral” rating and set a $22.50 target price (down previously from $28.00) on shares of Paycor HCM in a research note on Friday, February 7th.

Paycor HCM Stock Performance

PYCR opened at $22.47 on Wednesday. The business’s 50 day moving average price is $22.27 and its 200 day moving average price is $18.97. The stock has a market capitalization of $4.08 billion, a PE ratio of -187.23, a P/E/G ratio of 3.84 and a beta of 0.53. Paycor HCM has a one year low of $10.92 and a one year high of $23.49.

Paycor HCM (NASDAQ:PYCR) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates 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 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Paycor HCM

Several institutional investors have recently modified their holdings of the company. True Wealth Design LLC raised its stake in Paycor HCM by 105.3% in the fourth quarter. True Wealth Design LLC now owns 1,357 shares of the company’s stock valued at $25,000 after buying an additional 696 shares in the last quarter. MCF Advisors LLC acquired a new stake in shares of Paycor HCM during the 4th quarter worth about $27,000. Tower Research Capital LLC TRC raised its position in shares of Paycor HCM by 273.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,164 shares of the company’s stock worth $59,000 after acquiring an additional 2,317 shares in the last quarter. Blue Trust Inc. lifted its stake in Paycor HCM by 869.3% during the fourth quarter. Blue Trust Inc. now owns 3,441 shares of the company’s stock worth $64,000 after purchasing an additional 3,086 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in Paycor HCM by 71.4% in the fourth quarter. Sterling Capital Management LLC now owns 4,502 shares of the company’s stock valued at $84,000 after purchasing an additional 1,875 shares in the last quarter. 36.76% of the stock is owned by hedge funds and other institutional investors.

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.