Paycor HCM’s (PYCR) Hold Rating Reiterated at Truist Financial

Truist Financial reissued their hold rating on shares of Paycor HCM (NASDAQ:PYCR) in a research note issued to investors on Thursday morning, MarketBeat reports. The firm currently has a $22.50 price objective on the stock, up from their previous price objective of $20.00.

Several other research analysts have also recently issued reports on the company. Stephens reissued an “equal weight” rating and issued a $22.50 price target (up previously from $20.00) on shares of Paycor HCM in a research note on Friday, January 10th. Stifel Nicolaus raised their price objective on shares of Paycor HCM from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. BMO Capital Markets reaffirmed a “market perform” rating and set a $22.50 price objective (down from $24.00) on shares of Paycor HCM in a research report on Wednesday, January 8th. JMP Securities reiterated a “market outperform” rating and issued a $30.00 target price on shares of Paycor HCM in a research note on Monday, January 6th. Finally, Raymond James downgraded shares of Paycor HCM from a “moderate buy” rating to a “hold” rating in a research report on Monday, January 13th. Thirteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.47.

Paycor HCM Stock Up 0.0 %

Shares of NASDAQ PYCR opened at $22.10 on Thursday. Paycor HCM has a 52-week low of $10.92 and a 52-week high of $23.49. The stock’s 50 day moving average price is $19.24 and its two-hundred day moving average price is $15.63. The stock has a market capitalization of $3.97 billion, a P/E ratio of -85.00, a PEG ratio of 4.18 and a beta of 0.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. increased its position in shares of Paycor HCM by 2.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company’s stock worth $23,220,000 after purchasing an additional 46,127 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Paycor HCM by 13.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company’s stock valued at $21,140,000 after acquiring an additional 192,633 shares during the last quarter. Geode Capital Management LLC lifted its stake in Paycor HCM by 10.9% in the third quarter. Geode Capital Management LLC now owns 1,354,846 shares of the company’s stock valued at $19,231,000 after buying an additional 132,662 shares during the period. Rockefeller Capital Management L.P. grew its holdings in Paycor HCM by 8.1% during the third quarter. Rockefeller Capital Management L.P. now owns 1,161,032 shares of the company’s stock valued at $16,478,000 after purchasing an additional 86,745 shares during the period. Finally, State Street Corp raised its stake in Paycor HCM by 5.2% during the 3rd quarter. State Street Corp now owns 1,111,032 shares of the company’s stock worth $15,766,000 after buying an additional 54,834 shares during the period. 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.